Currency futures fell on Friday as the dollar rallied after the US jobs report revealed a still-tight labor market. Most major currencies fell against the greenback as investors scaled back expectations for the Fed’s rate cut. US job growth (Source: Bureau of Labor Statistics) Dollar bulls returned to the market on Friday, cheering a bigger-than-expected Read More…
Interest futures increased on Thursday due to lower Treasury yields and a weaker dollar, signaling further evidence of a slowdown in the US economy. Prices will end the week strong, as poor US data over the week has strengthened the case for two Federal Reserve rate cuts this year. This week, investors have digested several Read More…
Oil prices rose 1% on Wednesday as Fed rate cut optimism overshadowed an unexpected increase in crude inventories. However, prices had dropped in the previous sessions as inventors worried about looming oversupply in the market. US private payrolls (Source: ADP Research Institute) On Wednesday, Federal Reserve rate cut expectations increased after a poor US employment Read More…
Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…
US equities rose on Monday because of weaker-than-expected manufacturing data, which increased the likelihood of a Federal Reserve interest rate cut in September. Meanwhile, a New York Stock Exchange malfunction caused some trading gaps in most equities. US manufacturing (Source: ISM) There was a bit more rate-cut optimism in the markets on Monday, which improved Read More…
Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…
Interest futures recovered on Thursday as Treasury yields retreated from recent highs amid poor US data. Initially, interest futures had been plummeting after a poor US debt auction. However, this changed when data led to a slight increase in Fed rate cut expectations. The bond market has had a rough week, with yields soaring to Read More…
Oil prices fell by 1% on Wednesday as investors worried about fuel demand due to the Fed’s higher-for-longer policy outlook. At the same time, a rally in the dollar made oil expensive for overseas buyers, leading to a drop in demand. Oil vs dollar (Source: Nymex, Bloomberg) Risk appetite fell on Wednesday as investors panicked Read More…
Equities ended Tuesday mixed, with the Nasdaq and S&P 500 rising due to a rally in Nvidia shares and the Dow falling due to higher Treasury yields. The rally in Treasury yields came amid a weak auction and upbeat US data. Nvidia shares rose 7%, leading to a rally in other chip stocks. This had Read More…
Gold prices rose by 1% on Monday after reaching a two-week low in the previous session. The rally came amid a pullback in the dollar and Treasury yields as investors geared up for more clues about Federal Reserve rate cuts. However, the general trend remained down, with prices well below recent highs due to a Read More…
