Crude oil recovered on Thursday, driven by a sharper decline in the US crude oil inventories and cautiously optimistic sentiment around the Middle East ceasefire. Brent crude futures ticked up to $67 while WTI futures settled around $65. The upside came after the US EIA reported a 5.8 million barrels drawdown in commercial crude oil Read More…
Gold futures remain steady on Wednesday above the key level of $3,310. The precious metal declined on Tuesday to a fresh 2-week low as the risk sentiment improved after the geopolitical tensions eased. However, the markets remain cautious as uncertainty from the US Federal Reserve lingers. The market opened on Monday with a softer tone Read More…
US equities started the week with a cautious tone as major indices showed mixed performance. The investors weighed the implications of a ceasefire between Iran and Israel along with expectations of Fed’s future rate policy. Although the Middle East de-escalation briefly boosted risk sentiment, underlying factors like inflation, interest rates, and earnings growth kept the Read More…
Currency futures experienced a surge in volatility as the week started. The escalating geopolitical tensions and evolving monetary policy expectations keep the traders on edge. The US dollar continued to benefit from the safe-haven flows while the commodity currencies and risk-sensitive assets retreated in response to Middle East turmoil and mixed macroeconomic data. The Dollar Read More…
US interest futures are slightly down on Friday as investors react to the Fed’s hawkish stance and the escalating situation in the Middle East. The global markets are experiencing a fresh dose of caution as the Fed held rates unchanged with a slower-than-expected rate-cut path. The market participants are assessing risk appetite across asset classes. Read More…
The crude oil futures slipped on Thursday from the $75.00 level as traders weighed the intensifying Iran-Israel conflict along with a slightly hawkish Fed stance. Despite a significant pullback, the price stays around the 5-month high due to fear of supply disruption in the Middle East, especially around the Hormuz Strait. Around 20 million barrels Read More…
