US interest futures stay on the edge as the Fed maintains a wait-and-watch policy despite a series of dismal US economic data. The recent US CPI figures showed a cooling inflation for May, missing expectations. Yet, Fed officials need more convincing evidence of a slowdown to initiate a rate cut. Though the inflation data has Read More…
The crude oil prices rose to a fresh 2-month top on Thursday before a slight pullback. The prices soared more than 6% on the day, which is the second-largest gain in a single day in the last few months. The prices have been under strong selling pressure for the last six months or more due Read More…
Gold prices gained on Wednesday after the US released cooler-than-expected inflation figures. The data increased pressure on the Fed to lower borrowing costs later this year. Meanwhile, talks between China and the US ended with no clear details on how the two countries will conduct trade after the 90-day pause. Data released on Wednesday revealed Read More…
Equities edged higher on Monday due to optimism over ongoing talks between China and the US. Meanwhile, the focus was shifting from Friday’s upbeat US employment data. Market participants are now gearing up for consumer inflation data. Equities weekly change (Source: Bloomberg) On Friday, equities rallied after the US released a positive employment report, ending Read More…
Currency futures recovered on Monday after dropping in the previous session, while the dollar strengthened. The greenback gained after data revealed a bigger-than-expected increase in employment in May. This week, market participants will pay attention to inflation figures for clues on the outlook for Fed rate cuts. US job data (Source: Bureau of Labor Statistics) Read More…
Interest futures collapsed on Friday as Treasury yields soared after a better-than-expected US employment report. The upbeat nonfarm payrolls report led to a decline in Fed rate cut expectations as fears of a rapid US economic downturn eased. Initially, the week started badly for the dollar and Treasury yields. Meanwhile, interest futures were steady before Read More…
Oil prices paused their decline from the previous session as market participants shifted their focus to the upcoming US nonfarm payrolls report. At the same time, tensions between Russia and Ukraine renewed worries about supply, supporting prices. On Wednesday, oil prices dropped over 1% after inventory data showed a surprise build in US diesel and Read More…
Gold fluctuated on Wednesday amid uncertainty about developments on trade talks between the US and its trading partners. At the same time, there was caution as market participants awaited the pivotal US nonfarm payrolls report. Trump asked the US’s trading partners to come up with good offers for negotiations by Wednesday. Since April, market participants Read More…
Equities edged higher on Monday amid hopes of progress in trade talks between the US and its trading partners. However, there was downward pressure after Trump promised to increase tariffs on steel and aluminium goods. On Friday, Trump called on the US’s trading partners to provide offers for negotiations by Wednesday. More talks could result Read More…
Currency futures gained on Monday as the dollar eased amid renewed trade war fears. Trump threatened more tariffs last week, which weighed on investor confidence in the US economy. Meanwhile, market participants are looking forward to crucial US employment figures for clues on future Fed moves. The dollar was on the back foot at the Read More…
