US interest futures stayed under pressure as traders repriced the Federal Reserve’s policy path after stronger-than-expected inflation data, with markets moving away from earlier easing assumptions and toward a higher-for-longer stance that now includes limited odds of further tightening. In the SOFR futures strip, selling was concentrated in the front end, with both the September Read More…
Oil extended gains on Wednesday as renewed tensions in the Middle East dashed hopes for a near-term peace deal between the US and Iran. Meanwhile, a set of upbeat US economic data strengthened the dollar, putting a cap on the oil rally. Last week, talks between the US and Iran were quite successful, almost leading Read More…
Gold resumed its decline as tensions between the US and Iran escalated on Wednesday. There was a brief rebound on Tuesday after Trump said peace talks with Iran were continuing. On Monday, Iran announced the end of all negotiations with the US due to ceasefire violations in Lebanon. Spot gold (Source: Bloomberg) Gold has suffered Read More…
Equities hit record highs on Monday despite an escalation in tensions between the US and Iran. Iranian officials said they would stop all negotiations with the US due to ceasefire violations in Lebanon. However, reports of a new computer chip by Nvidia sent the tech sector high, boosting equities. S&P 500 (Source: Bloomberg) Oil prices Read More…
Currency futures gained last week as risk appetite improved after reports that the US and Iran were planning to extend their ceasefire deal. Meanwhile, demand for the safe-haven dollar declined, with the dollar falling for a second week. Focus will now shift to the US nonfarm payrolls report due on Friday. After days of anticipation Read More…
Interest futures recovered sharply on Thursday after reports of a likely ceasefire extension deal between the US and Iran. The news sent US Treasury yields lower as oil prices collapsed and inflation concerns eased. At the same time, a set of downbeat economic figures lowered bets for a Fed rate hike in December. The bond Read More…
