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 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…
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…
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…
US equities ended mixed on Monday, with the S&P 500 nearly flat and Nasdaq higher. Investors assessed the possibility of the Fed keeping interest rates high for an extended period. The Nasdaq increased as Nvidia’s shares rose by 2.9% after Goldman Sachs included the chipmaker in its list of preferred stock picks. Meanwhile, Fed Governor Read More…
On Friday, currency futures edged higher against a weakening dollar. Still, the dollar was poised to achieve its largest quarterly gain in a year, marking the 11th consecutive week of gains. Investors factored in the probability of a strong economy and sustained higher interest rates. Despite earlier setbacks, the greenback rebounded following data revealing an Read More…
