Currency futures extended Friday’s rally on Monday as the dollar fell to an almost nine-month low due to increased Fed rate cut expectations. The outlook for rate cuts shifted suddenly, with market participants moving to price a higher chance of a 50-bps rate cut. Earlier last week, a set of inflation reports convinced markets that Read More…
Interest futures fell on Thursday before recovering on Friday due to fluctuations in Fed rate cut expectations. Market participants went from expecting a 25-bps rate cut next week to pricing a higher likelihood of a more significant rate cut. US wholesale inflation (Source: Bureau of Labor Statistics) Investors were initially more convinced that the Fed Read More…
Oil prices rose Wednesday and Thursday as Hurricane Francine ripped through the US, raising fears of supply disruptions. At the same time, investors remained concerned about demand after OPEC trimmed its forecasts for this year and 2025. Hurricane Francine has caused a lot of supply disruptions that have put a premium on oil prices. The Read More…
Gold prices rose on Tuesday and Wednesday before pulling back after the crucial US inflation data. Initially, the bullish move was subdued as most traders preferred to wait on the sideline. At the same time, the US presidential debate on Tuesday favored Kamala, leading to a drop in the dollar. This made gold cheaper for Read More…
Equities rose 1% on Monday, recovering from last week’s plunge ahead of crucial US inflation data. Investors sold stocks the previous week due to fears about the economy after a set of poor reports. S&P 500 weekly change (Source: Bloomberg) Notably, the manufacturing and labor sectors showed weakness, creating economic uncertainty. However, by Monday, calm Read More…
Most currency futures were on the back foot on Friday as the dollar whiplashed after a mixed monthly jobs report. The greenback ended higher as labor market data further eased fears of a recession and pointed to a gradual Fed rate cutting cycle. Last week, the US released several economic reports that gave an ambiguous Read More…
Interest futures rose on Thursday and Friday as the dollar and Treasury yields fell after a mix of economic indicators. Prices have rallied the whole week as investors increased the likelihood of a 50 bps Fed rate cut in September. A mix of data since Tuesday has led to a surge in Fed rate cut Read More…
Oil prices recovered slightly on Thursday after collapsing in the previous sessions. Prices suffered on Tuesday and Wednesday as investors grappled with fears of a recession in the US. At the same time, a likely end to the dispute in Libya lowered the chances of a tighter market. On Tuesday, oil collapsed by 5% after Read More…
Equities plummeted on Tuesday after downbeat manufacturing data sent investors scrambling for safety. At the same time, experts believe the decline came as investors dumped equities at the start of a historically poor month. Data on Tuesday showed a bigger contraction in the US manufacturing sector than expected. The ISM manufacturing PMI showed a contraction Read More…
Gold fell on Tuesday after dropping on Friday due to a rally in the US dollar and Treasury yields. The rally came after the PCE inflation report, which lowered the likelihood of a 50-bps September Fed rate cut. Meanwhile, markets were closed on Monday due to a US holiday. Investors are slowly shifting their focus Read More…
