Currency futures opened the week with strong footing amid the mounting fiscal pressure from the US and growing consensus on the Fed’s rate cuts this year. The US dollar fell broadly against major counterparts in the futures markets, led by declines in the DXY and gains in Euro, Pound, Aussie, CHF and JPY futures. Read More…
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…
