Equities soared on Monday after the US and China agreed to slash tariffs for the next 90 days. The move boosted risk appetite and put a pause to the trade war between the two countries. However, the future remains uncertain, meaning the rally might not last. At the same time, market participants are looking forward Read More…
Currency futures collapsed at the start of the week as easing global trade tensions continued supporting the dollar. The biggest losers were safe-haven currencies like the yen and the Swiss franc. At the same time, easing geopolitical tensions weighed on these currencies. Meanwhile, market participants are gearing up for crucial US inflation figures. Currency futures Read More…
Interest futures are showing cautious sentiment as markets digest central bank actions and brace for fresh inflation data next week. Traders now price in a 82% probability that the Fed will hold its rates in the next policy meeting as well, with overall reduced expectations for rate cuts in 2025. The shift follows a series Read More…
Crude oil prices rose on Thursday after President Trump announced a major trade agreement with the UK. It sparked a reduction in tariff tensions. The Brent crude oil surged to $61.40, while WTI rose to $58.00, primarily due to trade talk optimism. Despite the brief recovery, oil prices stay under pressure, licking wounds of steep Read More…
Gold fell over 1% on Wednesday after reports of a likely meeting between China and the US on Saturday. The talks have raised hopes that the two countries will finally reach an agreement to end the trade war. Meanwhile, market participants are preparing for the outcome of the FOMC policy meeting. Gold (Source: Bloomberg) Gold Read More…
Equities ended lower on Monday, after Trump announced another tariff on films produced outside the US. The drop paused the recent rally on hopes of easing global trade tensions. However, upbeat US business activity data put a floor on further declines. Trump surprised investors when he announced a 100% tariff on movies produced outside the Read More…
Currency futures strengthened against the dollar on Friday but closed well below their daily highs. The move continued at the start of a new week as market participants geared up for the FOMC policy meeting. Last week, the dollar rallied as trade tensions between the US and its partners eased. Trump took big steps to Read More…
Interest futures edged higher on Friday as optimism built about likely trade talks between China and the US. The rebound followed declines in the previous two sessions after downbeat US economic data. Meanwhile, market participants eagerly await the US nonfarm payrolls report for clues on Fed rate cuts. On Friday, China said it was considering Read More…
Oil prices continued falling on Thursday after ending the worst month in over three years. The recent decline came as market participants worried about oversupply as OPEC+ unwinds its output cuts. At the same time, Trump’s tariffs and the subsequent trade wars have dimmed the outlook for oil demand. Oil collapsed on Wednesday after Saudi Read More…
Gold prices extended losses on Wednesday as risk appetite improved and demand for safe-haven assets dropped. The yellow metal fell about 1% on Tuesday after Trump put in place measures to ease the impact of ongoing automobile tariffs. At the same time, trade tensions between China and the US continued easing, weighing on gold. Gold Read More…
