Currency futures edged higher on Monday as the dollar struggled to hold Friday’s gains, as the US marked Labor Day. The non-farm payrolls report out last week revealed robust job growth, beating forecasts and increasing expectations for a Fed rate hike. At the same time, inflation worries intensified as Middle East tensions worsened last week. Read More…
Interest futures recovered on Thursday after slightly dovish Fed remarks sent Treasury yields lower. However, underlying fundamentals still point to further downside. Tensions in the Middle East have sent oil prices higher, rekindling inflation worries. As a result, Fed rate hike bets have increased significantly from a week ago. The recent collapse in the bond Read More…
Oil prices soared to levels last seen in July as tensions in the Middle East escalated. After pausing for almost a month, the US and Iran were back to missile and drone attacks
Gold prices collapsed on Tuesday as rising tensions in the Middle East ignited inflation worries, sending Treasury yields higher. At the same time, Fed rate hike expectations continued rising after Warsh’s hawkish comments on Friday.
Equities fell on Monday as oil prices rose after the US attacked an Iranian island in the Strait of Hormuz. Iran retaliated by targeting US bases in Jordan, causing worries about an escalation.
Currency futures were subdued on Monday as the dollar remained elevated after Friday’s rally. The greenback soared after the Fed Chair’s comments increased rate hike expectations.
