Currency futures found respite on Monday after experiencing a significant retracement last week. The fear of a potential US government shutdown has weighed on the US dollar, lifting the major currencies. Following the Fed’s cautious commentary and a series of upbeat US data, the markets appear to shift towards a more balanced outlook. Over the Read More…
US interest futures came under selling pressure this week as upbeat US data prompted traders to scale back aggressive bets for rate cuts. The Fed’s meeting in September delivered a 25-bps rate cut, but Fed Chair Powell stressed that the policy will remain data-dependent with no pre-commitment to a cutting cycle. The Fed’s nuance, combined Read More…
Crude oil markets remain caught between two opposing forces: bullish supply shocks and bearish concerns about oversupply. The WTI prices soared 2.5% on Wednesday to settle near $65.00, the highest level since 2nd September. The US EIA data surprised the market participants with a draw of 607k barrels in crude inventories. The figure contrasted sharply Read More…
Gold futures modestly retreated on Wednesday after posting fresh all-time highs near $3,825 in the previous trading session. The gold’s pullback aligns with a stronger greenback supported by Fed Chair Powell’s cautious commentary on future monetary policy. Powell stressed that the Fed is facing a dual challenge of addressing the risk of sticky inflation Read More…
US equities extended their bull run on Monday, with the S&P 500 hitting a third consecutive all-time high, while futures remained steady on Tuesday. The rally was fueled by AI interest, driven by a 4% surge in Nvidia following news of a $100 billion investment in OpenAI, which further boosted the tech-heavy Nasdaq. Investors Read More…
Currency futures gained on Monday as the dollar resumed its pre-FOMC meeting decline. The drop in the greenback came as market participants looked forward to Fed policymaker speeches. These speeches could further highlight the central bank’s new dovish tone amid labor market weakness. Dollar Index (Source: TradingView) The Fed cut interest rates as expected during Read More…
