Oil prices eased on Thursday as traders worried about the outlook for demand amid renewed tariff threats. At the same time, OPEC downgraded its outlook for demand for the coming four years. However, a weak dollar made oil cheaper for foreign buyers, increasing demand. Trump sent letters to many countries, announcing higher tariffs that will Read More…
Gold extended this week’s declines as the dollar and Treasury yields soared on the likelihood of higher tariffs. The dollar reached a two-week high after Trump announced a 25% tariff on goods from Japan and South Korea, starting in August. Additionally, renewed tariff threats on other imports boosted the US dollar and Treasury yields. Trump’s 90-day Read More…
Equities dropped on Monday after Trump announced to some of its trading partners, like Japan and South Korea, that tariffs would increase starting August 1. Meanwhile, Treasury yields and the dollar rose at the prospect of higher import costs that could drive up inflation. Risk appetite fell sharply on Monday as it became clear that Read More…
Currency futures collapsed against the dollar on Monday as market participants worried about Trump’s looming tariff deadline. With few trade deals so far, the deadline could result in increased tariffs for most countries. Meanwhile, the dollar strengthened in the previous session after the US released upbeat employment figures for the month. Trump’s tariff deadline is Read More…
Interest futures steadied on Friday after dropping most of the week due to a drop in overseas demand. The passing of Trump’s tax bill hurt demand for US Treasuries. At the same time, concerns about higher inflation due to tariffs boosted Treasury yields, weighing on interest futures. Since Tuesday, interest futures have trended lower. The Read More…
Oil held steady on Thursday after an upbeat US monthly jobs report. Meanwhile, prices jumped on Wednesday after Iran suspended working with the UN nuclear watchdog. At the same time, demand increased after the US signed a trade deal with Vietnam. However, downbeat US employment data and a surge in crude inventories kept a lid Read More…
