Interest futures rebounded on Friday after reaching fresh lows in the previous session on US fiscal health concerns. The rebound came as bargain hunters bought the recent dip. However, the outlook for the bond market remains dim. 30-year Treasury yield (Source: Bloomberg) Treasury yields soared before pulling back on Thursday after reports that Trump’s tax Read More…
Oil prices dropped over 1% on Thursday after reports revealed a likelihood of another OPEC+ supply boost in July. At the same time, prices were weak after a surprise increase in crude inventories in the previous session. Brent futures (Source: ICE Futures Europe) The Organization of Petroleum Exporting Countries and its allies has been on Read More…
Gold prices extended this week’s gains on Wednesday after Trump failed to convince some Republicans to vote for his tax bill. At the same time, concerns about the recent downgrade of the US government’s credit rating kept safe-haven demand for the yellow metal high. Gold (Source: Bloomberg) Gold has had a bullish week so far, Read More…
Equities ended Monday nearly flat as risk sentiment soured after Moody’s downgraded the US’s credit rating. At the same time, most investors preferred to stay on the sidelines ahead of a vote on Trump’s tax cut bill. On Monday, Moody’s cut the US government’s credit rating, citing a growing debt. This dampened risk appetite and Read More…
Currency futures soared against the dollar on Monday after Moody’s downgraded the US government’s credit rating. However, the dollar ended last week higher amid easing trade tensions and cooling fears of a US recession. Currency futures gained on Monday as the dollar collapsed after Moody’s credit rating downgrade intensified worries about US debt. Moody’s cut Read More…
Interest futures extended gains on Friday as Treasury yields eased on increasing expectations for Fed rate cuts. However, prices had a difficult start to the week as risk appetite soared on a trade truce between China and the US. Most investors felt confident enough to buy equities at the expense of the bond market. US Read More…
Oil prices collapsed on Thursday after Trump said that a nuclear deal with Iran was approaching. Therefore, oil from Iran will further loosen the already loose market. At the same time, data from the US revealed a surprise increase in crude inventories, indicating weak demand. Oil fell about 3% on Thursday, extending a decline from Read More…
Gold fell on Wednesday as investor focus returned to the US-China trade truce. A pause in the trade war has improved risk appetite, hurting the safe-haven metal. However, the price rebounded in the previous session after downbeat US inflation figures. Since last week, gold has had a difficult time as global trade and geopolitical tensions Read More…
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…
