Interest futures fell on Thursday after a poor US GDP report. At the same time, downward pressure came from a rally in Treasury yields amid signs that US inflation remains high. Consequently, investors are keen to see the outcome of the core PCE price index report on Friday. US GDP, core PCE price index (Source: Read More…
Oil prices fell on Wednesday as investors shifted their focus from Middle East tensions to demand concerns. This shift came as the risk of an escalation in the conflict between Israel and Iran fell. Meanwhile, poor economic data from the US raised concerns about weak demand in the country. WTI, crude inventories (Source: Bloomberg, EIA) Read More…
Gold prices closed nearly flat on Tuesday after falling to a two-week low due to the loss of safe-haven demand. Moreover, investors turned their focus back to US economic data and the outlook for Fed interest rates. From the start of the week, risk appetite improved as Middle East tensions subsided. As a result, investors Read More…
Equities recovered ahead of major US earnings reports on Monday and as Middle East tensions eased. The rebound comes after six sessions of declines caused by a drop in Fed rate cut expectations and geopolitical tensions. Nasdaq’s losing streak (Source: Bloomberg) Equities had a rough time last week, with the Nasdaq posting big declines as Read More…
Currency futures were mixed on Friday as markets digested the news that Israel had attacked Iran. Safe-haven currencies like the Swiss franc and the yen rose sharply before pulling back as the session ended. Although Iran confirmed the attack, the country eased market fears by saying it had no intention to strike back. Meanwhile, risk-sensitive Read More…
Interest futures fell on Thursday as Treasury yields soared due to the rising tensions in the Middle East. Furthermore, economic data from the US and policymaker remarks pointed to a delay in Fed rate cuts. Investors were on the edge while waiting for Middle East war developments. The uncertainty in the market rose after Iran Read More…
Oil prices fell by nearly 3% on Wednesday amid some calm in the Middle East and a significant increase in US crude inventories. Additionally, fading Fed rates cut expectations and signs of weak demand in China weighed heavily on prices. Traders have been on edge since Iran attacked Israel, with some fearing retaliation and an Read More…
Gold prices held steady on Tuesday as Middle East tensions overshadowed a surge in US Treasury yields. The growing tensions between Israel and Iran have increased safe-haven demand for the yellow metal. As a result, gold has rallied despite the recent drop in Fed rate cut expectations. Gold prices (Source: Bloomberg) Notably, gold prices hit Read More…
Equities ended down on Monday as Treasury yields rose due to geopolitical tensions and upbeat US data. However, they had rallied earlier in the session due to positive earnings reports from financial institutions. Tensions in the Middle East after Iran’s attack on Israel sent US yields up as investors scrambled for safety. There are worries Read More…
Currency futures fell on Friday as the dollar soared due to divergence in monetary policies between the Fed and other major central banks. At the same time, geopolitical tensions led to an increase in safe-haven demand for the dollar. Bloomberg dollar gauge (Source: Bloomberg) The dollar closed last week with significant gains as investors slashed Read More…
