Currency futures pulled back on Monday as the dollar strengthened with market focus returning to US monetary policy. Meanwhile, oil prices extended last week’s declines as supply concerns eased. Saudi Arabia has made efforts to continue supplying oil despite the damage to a major pipeline that bypasses the Strait of Hormuz. Bloomberg dollar index (Source: Read More…
Interest futures rose on Thursday as focus shifted from the FOMC meeting to falling oil prices. The Fed hiked interest rates as expected and signaled at least one more hike this year. The expectations of this move had boosted Treasury yields, hurting interest futures. Meanwhile, oil supply concerns eased with Saudi Arabia pursuing alternative routes, Read More…
Oil prices eased on Wednesday after reports that the damaged Saudi Arabian pipeline would be operational in a few days. At the same time, a hawkish FOMC meeting boosted the dollar, making oil more expensive for foreign buyers. Nevertheless, with tensions still high in the Middle East, prices might resume their rally. Brent futures (Source: Read More…
Gold prices edged lower on Tuesday as traders awaited a likely rate hike during the FOMC meeting set for Wednesday. Rate hike expectations have risen significantly in the past week due to a surge in oil prices. The tensions in the Middle East have caused inflation worries, putting most major central banks on high alert. Read More…
Equities pulled back on Tuesday as market participants prepared for the FOMC policy meeting. Fundamentals support a rate hike on Wednesday as the Fed tries to tame inflation and cool the economy. The tensions in the Middle East have caused a significant surge in oil prices, fueling price pressures. After months of speculation, market participants Read More…
Interest futures collapsed on Friday as yields soared with oil prices amid escalating geopolitical tensions. The war between the US and Iran continued to send fuel prices higher, especially since there is no end in sight. At the same time, the US Treasury Department announced a smaller-than-expected bond buyback on Wednesday, which weighed on interest Read More…
