Interest futures rallied on Thursday and Friday as Treasury yields fell after the US central bank lowered rates by 25-bps. The rally came after a dip to new lows due to fears of higher inflation and interest rates with the new Trump administration. Treasury yields eased on Thursday as the Trump trade faded. Initially, yields Read More…
Oil prices fell on Wednesday and Thursday as traders digested the implications of a Trump presidency. At the same time, dollar strength has weighed on prices by making oil more expensive for foreign buyers. Meanwhile, market participants awaited the FOMC policy meeting, which is coming later on Thursday. Dollar vs Brent (Source: Bloomberg, ICE) Results Read More…
Gold prices plunged to a three-week low on Wednesday after Trump won the US presidential election. Meanwhile, the US dollar surged to a four-month high, making gold more expensive for foreign buyers. However, the market focus has shifted to the upcoming US central bank policy meeting. Republican candidate Donald Trump won the election on Wednesday, Read More…
Equities eased on Monday after consolidating ahead of the US presidential election. The decline came as markets unwound the Trump trade in light of new polls which showed Kamala Harris in the lead. Meanwhile, market participants were also cautious before Thursday’s FOMC policy meeting. The US presidential election has introduced considerable uncertainty in the equities Read More…
Currency futures eased on Friday as the dollar surged despite a downbeat US employment report. Market participants paid little attention to the report since it could have been a one-time dip. At the same time, the focus was on the upcoming US presidential election. However, moves on Monday were subdued as traders preferred to wait Read More…
Interest futures rose Friday as the dollar, and Treasury yields eased after downbeat US monthly employment figures. At the same time, investors were cautious ahead of the November 5th presidential election. Data on Friday revealed that the US economy added only 12,000 jobs in October, missing forecasts of 106,000. Meanwhile, the unemployment rate held steady Read More…
Oil prices gained over 2% on Wednesday and continued to climb on Thursday after an unexpected drop in gasoline and crude inventories. At the same time, a report that OPEC+ might delay its planned production increased boosted prices. Oil futures (Source: ICE) Data on Wednesday revealed that gasoline inventories fell by 2.7 million barrels last Read More…
Gold prices reached a record high on Tuesday and extended gains on Wednesday as safe-haven inflows increased with geopolitical uncertainties. Investors were concerned about the upcoming US elections, with polls showing a tight race. At the same time, tensions in the Middle East escalated when 93 Palestinians died in an Israeli strike in Gaza. Gold Read More…
Equities gained on Monday ahead of more tech earnings this week. Last week, Tesla surprised with upbeat forecasts, which boosted market sentiment. At the same time, market participants are watching the upcoming presidential election and economic report before the FOMC meeting. Q3 Earnings (Source: Bloomberg Intelligence) This week, the US will unveil the earnings reports Read More…
Currency futures extended declines as the dollar ended another week with gains due to upbeat data and increased bets for a Trump win. At the same time, downbeat economic data from countries like Japan and Canada weakened their currencies. The greenback had another strong week as economic data showed a resilient economy. Last week, data Read More…
