There are increasing demand worries as China reports rising COVID-19 cases. Geopolitical tensions have eased after NATO confirmed the Poland missile was an accident. Retail sales in the United States rose more than anticipated in October. Oil prices went down for the second day on Thursday as worries about demand in China, the biggest crude Read More…
US producer prices increased by 8%, lower than expected, in the year ending October. Despite declining US wholesale service prices in October, service inflation remains high. NATO allies are looking into claims that Russian missiles killed two people in Poland. The E-mini Nasdaq-100 (NQ) futures made gains on Tuesday as investors jumped on softer-than-expected inflation Read More…
The bull rally has paused on hawkish statements from Fed policymakers. Democrats have retained the majority in the US Senate. A Democratic sweep might resurrect concerns about spending and legislation. Major US Equity futures index prices including the S&P 500 (ES) futures closed lower on Monday while US bond yields increased, anticipating the continuation of Read More…
Dollar weakness after the US inflation report boosts the British pound futures. The UK economy shrank in September, signaling the start of a possibly long recession. Markets are awaiting the new budget by Jeremy Hunt. On Friday, the British Pound (6B) futures prices gained ground for a second day on expectations that the Federal Reserve Read More…
Gold prices soared following a sharp drop in US inflation. China’s senior authorities advocated for more focused restrictions amid a rise in COVID-19. The odds of a fifth straight 75bps Fed rate hike have fallen below 15%. A massive rally in Gold (GC) futures prices occurred following a sharp drop in US inflation data on Read More…
There are increased fuel demand worries as China battles a fresh wave of COVID-19 infections. US crude inventories rose significantly last week as domestic production increased. Markets are anxiously awaiting US inflation data. On Thursday, Crude oil (CL) futures prices declined for a fourth day due to worries that new COVID restrictions in China, the Read More…
There is renewed optimism about China easing COVID-19 restrictions. Markets are hoping the recent signs of a slowing US economy will allow the Fed to ease monetary policy. Investors are closely watching the US midterm elections with republican senators in the lead. US Equity Index futures prices, including the E-mini Nasdaq-100 (NQ) futures, rose as Read More…
Republicans have a roughly 70% chance of ousting Democrats from their majorities in the US House and Senate. Headline US inflation is estimated to have fallen in October to 8.0%. There is a likelihood of a US legislative impasse following Tuesday’s elections. With one cautious eye on a crucial inflation update later in the week, Read More…
The US dollar declined after the October jobs report showed signs of “softening.” The unemployment rate in the US rose to 3.7% in October. Canadian jobs figures came better than expected, creating further room for the bulls. The Canadian Dollar (6C) futures prices are climbing higher as the CAD strengthens against the US dollar. The Read More…
The rising US Dollar puts pressure on gold prices after Powell’s hawkish comments. The US labor market is still showing strength despite rising interest rates. The ISM non-manufacturing PMI dropped to 54.4 in October, the lowest level since May 2020. Following hawkish comments from Federal Reserve Chair Jerome Powell, Gold (GC) futures prices hit a Read More…
