Currency futures edged higher on Friday as the dollar fell after the US monthly employment report. However, some outliers, like the Canadian dollar, plunged after poor Canadian employment figures. US job market (Source: Bureau of Labor Statistics) The greenback eased on Friday when the nonfarm payrolls report revealed fewer jobs added in June. Employment increased Read More…
Interest futures surged Wednesday as Treasury yields fell with the dollar after a series of poor US economic reports. Meanwhile, markets remained closed on Thursday as the US observed Independence Day. Data on Wednesday revealed that private employment dropped in June when economists had expected an increase. The ADP employment figures showed that 150,000 more Read More…
Oil prices rose nearly 1% on Wednesday after a bigger-than-expected decline in crude inventories, indicating robust demand. At the same time, weak data from the US raised the likelihood of a Fed cut in September, which would increase fuel consumption. Oil and crude inventories (Source: Nymex, EIA) The Energy and Information Administration reported that crude Read More…
Gold prices fell on Tuesday as high Treasury yields reduced demand for the yellow metal. This overshadowed slightly dovish remarks from Fed Chair Powell. At the same time, employment data showed continued resilience in the US labor market. Treasury yields remained elevated on Tuesday after a rally in the previous session. The 10-year yield rose Read More…
Equities rose on Monday due to a boost from technology stocks. At the same time, investors were preparing for major US economic reports shaping the outlook for rate cuts. Meanwhile, data from the US painted a picture of a weaker economy that could pressure the Fed to start implementing rate cuts. Shares of major tech Read More…
Currency Futures edged higher on Friday as US inflation eased in May, increasing the odds of a Fed rate cut in September. Still, most currencies ended the month lower amid economic, policy, and political changes. US inflation (Source: Bureau of Economic Analysis) Notably, the US released the core PCE report, a very significant inflation measure Read More…
Interest futures ended higher on Thursday as investors waited eagerly for the US core PCE report. At the same time, markets absorbed economic data released from the US, which showed a mixed picture of the economy. The US released its core PCE data showing that the annual figure eased from 2.8% to 2.6% in May, Read More…
Oil prices increased slightly on Wednesday as investors worried about supply due to escalating Middle East tensions. These supply worries overshadowed an unexpected jump in US crude inventories last week. Since the start of the war between Israel and Gaza, there has been a risk of escalation that has supported oil prices. Moreover, ceasefire talks Read More…
Gold prices dipped on Tuesday as the dollar and Treasury yields rose ahead of crucial US inflation figures. At the same time, slightly hawkish Fed remarks dampened expectations for a rate cut, which weighed on gold. On Tuesday, the dollar rose 0.2% against other currencies, making bullion expensive for overseas buyers. This rally came as Read More…
Equities were mixed on Monday as investors shifted from AI to more stable financials, utilities, and energy stocks. As a result, the Dow soared while the Nasdaq and the S&P 500 fell. At the same time, market participants were gearing up for more data from the US that could give insight into the Fed’s policy Read More…
