US equities ended higher on Tuesday, marking their third consecutive day of gains. This rise followed dovish statements from US Federal Reserve officials, which caused Treasury yields to drop. At the same time, investors were cautiously monitoring the situation in the Middle East. Atlanta Fed President Raphael Bostic asserted that there was no need for Read More…
Fundamental Analysis
Equities Rise with Energy Stocks Amid Geopolitical Tensions
US equities closed higher on Monday as energy stocks surged with oil prices following the latest updates on the Israel-Palestinian conflict. The Israeli military took steps, including calling up reservists and imposing a total blockade on the Gaza Strip. It indicates possible plans for a ground assault against Hamas, which launched a deadly attack over Read More…
Currency Futures Rise as Dollar Dips in the Wake of the US Jobs Report
On Friday, currency futures gained as the US dollar declined slightly against various currencies after the latest jobs report. The report indicated a widespread increase in US hiring for September but also highlighted a deceleration in wage growth. For the week, the dollar index experienced a 0.1% decrease, ending an 11-week streak of gains. This Read More…
Gold Bounces Back After Eight Days of Losses as Bond Yields Dip
Gold rose on Thursday, breaking an eight-session losing streak as US bond yields and the dollar dropped from recent highs. This rise came ahead of the eagerly awaited non-farm payrolls report this week. IG market strategist Yeap Jun Rong commented, “Although there is an attempt at recovery in gold prices today, there is still uncertainty Read More…
Oil Prices Slump $5 Amid Economic Concerns and Reduced Demand
On Wednesday, oil prices dropped over $5 due to a decline in fuel demand and a gloomier economic outlook. Both benchmark prices hit session lows, plummeting more than $5, while heating oil and gasoline futures also saw a more than 5% decrease. Since last week’s settlement, crude oil prices have fallen by approximately $10. The Read More…
Equities Plummet Amid Fed Rate Concerns
US equities fell on Tuesday, reflecting concerns that the Federal Reserve may need to maintain high interest rates due to economic data. The S&P 500 index dipped to the lowest level since June 1. Meanwhile, the Dow went into negative territory for the year, ending at its lowest point since May 31. The Nasdaq also Read More…