Currency futures slipped on Monday as the US dollar extended gains for the second consecutive session, as the December Fed rate cut expectations faded. The CME FedWatch tool now shows a 43% probability for the next rate cut, down sharply from 67% a week ago. Euro futures (6E) extended a correction from 2-week highs as Read More…
US interest futures experienced a decisive reset on Friday as market participants reassessed the Fed’s policy trajectory after the US government shutdown ended. The reduced uncertainty and potential visibility of key data have triggered a divergence between short-dated and long-dated contracts. Short-dated interest futures, such as 2-year Treasury futures and Fed funds, jumped after the Read More…
Crude oil futures continue bearish momentum on Thursday, global demand weakens, revealed by rising US inventories, and mounting oversupply concerns next year. WTI crude oil slipped near 0.20% to trade below mid-58.00, extending previous session losses as markets reacted to bearish supply data. The latest API data revealed a 1.3 million barrel rise in the Read More…
Gold futures slipped in Tuesday’s New York session, snapping a 3-day winning streak, as US government reopening optimism eased the safe-haven demand. The precious metal saw profit-taking after surging to a 3-week top above $4,150. During today’s Asian session, the gold futures fell to $4,100 area, weighed by a rebound in Dollar Index (DXY), rising Read More…
US equities extended gains on Monday as the optimism mounted that the US lawmakers are close to end the longest government shutdown in history. Investors fled to risk assets, with major indices and AI bellwethers soared sharply. Meanwhile, bonds slipped as safe-haven demand eased. The S&P 500 gained more than 1.5%, marking best daily performance Read More…
On Monday, currency futures markets witnessed a significant shift after developments regarding the US shutdown. The greenback’s rebound last week, caused sharp movements in key contracts. However, the optimism related to ending US government shutdown lifted the risk sentiment. The front-month Euro FX futures (6E) traded under 1.1600 after recovering from its recent lows, but Read More…
US interest futures remain choppy as deteriorated risk sentiment meets mixed policy signals and upcoming data risks. The divergence between front end of the curve and longer dated contracts is quite evident now. The short-term contracts like 30-day Fed funds futures that price in policy expectations are fluctuating as traders trim the hopes of aggressive Read More…
On Thursday, oil futures traded range-bound, following a week of uncertainty marked by rising inventory levels, softer demand, and lingering geopolitical tensions. Brent crude traded near $63.70, witnessing a 0.3% rise, while WTI traded around $59.80 after a 1.5% decline in its previous session. The latest data from the US Energy Information Administration (EIA) revealed Read More…
Gold futures remain under pressure, digesting the deep pullback from record highs. The markets are preparing for the crucial US jobs data. The front-month contract for gold futures gained nearly 1% on Wednesday from yesterday’s fall of more than 1.5%. The recent swings highlight several interacting fundamental themes. The US dollar’s demand remains intact with Read More…
The US equities rally broke momentum after AI bellwether Palantir Technologies Inc. (NYSE: PLTR) revealed disappointing earnings. Market analysts hinted at high valuations likely to trigger a potential near-term correction. Meanwhile, the S&P 500 (ES) fell 1.1% amid a range-bound movement on Monday, while Nasdaq 100 (NQ) futures also witnessed a 1.4% drop as investors Read More…
