Oil prices rose on Thursday as geopolitical tensions escalated, renewing supply worries. Fresh attacks on tankers passing through the Strait of Hormuz threatened the recovering oil flows. At the same time, the Houthis continue to attack energy facilities in Saudi Arabia. However, reports that Russian oil could increase in the global market capped gains. Middle Read More…
Gold prices extended losses on Wednesday as market participants eagerly awaited the FOMC policy meeting next week. However, the move remained subdued with no major economic releases this week. At the same time, the recent pullback in oil prices eased supply and inflation worries, capping declines in the yellow metal. Spot gold (Source: Bloomberg) Consumer Read More…
Equities rebounded on Monday as oil prices eased amid expectations for increased fuel supply from Russia. The recovery came after a bearish week, as market participants absorbed inflation and sales data pointing to a more hawkish outlook for the Fed. Reports revealed that the Trump administration had lifted key sanctions on Russia. Traders cheered the Read More…
Most major currency futures were on solid ground at the start of the new week as the dollar held near last week’s lows. The greenback fell despite upbeat data on inflation and sales as expectations for a Fed pause in October remained steady. Meanwhile, the euro was subdued amid political tensions in France. Market participants Read More…
Interest futures jumped on Thursday despite upbeat US inflation and sales data as Fed officials maintained the central bank would hold in October. As a result, the dollar and Treasury yields pulled back while interest futures jumped. Market participants have digested a set of pivotal reports from the US this week, including CPI, PPI, and Read More…
Oil paused its one week rally on Thursday as prices pulled back amid an increase in Fed rate hike expectations. However, increasing tensions in the Middle East has renewed worries about supply, especially through the Strait of Hormuz. Since Thursday last week, oil has gained as tensions between Yemen’s Houthi militants and Saudi Arabia intensified. Read More…
