Currency futures rallied on Monday as the dollar weakened, with investors losing confidence in the US economy. The move followed reports that Trump plans to shake up the Fed and likely fire Powell, which would further cloud the outlook for the US economy. Dollar spot index (Source: Bloomberg) The dollar resumed its decline on Friday Read More…
Oil extended gains after the US imposed sanctions on Iranian oil imports. Moreover, prices are poised for a weekly gain amid concerns about supply. However, concerns about demand stemming from Trump’s tariff decisions are curbing gains. Oil futures (Source: ICE, Nymex) Trump imposed sanctions on Iran on Wednesday, targeting, in part, Chinese oil imports from Read More…
Gold prices hit a record high of over $3,300 on Wednesday amid growing trade tensions between China and the US. Investors continued buying the safe-haven metal to protect against the risk of a US recession. Meanwhile, recent US inflation data piled pressure on the Fed to lower borrowing costs, further supporting gold prices. Spot gold Read More…
Equities rose on Monday, extending gains from the previous week after Trump exempted some tech goods from import tariffs. At the same time, a solid start to the first quarter earnings season boosted stocks. However, risk appetite remains low as the trade war between China and the US continues. S&P 500 volatility (Source: Bloomberg) The Read More…
Currency futures gained on Friday as the dollar ended the week lower amid recession worries and a loss in its safe-haven appeal. Trump’s tariff moves during the week escalated the trade wars between China and the US. At the same time, the on-and-off tariff moves hurt investor confidence in the US administration. Dollar index (Source: Read More…
Interest futures extended losses on Friday as the trade war between the US and China raged. Uncertainty about the US economy has caused most investors to dump US assets and flee for safety in gold and other haven assets like the yen. The decline continued despite recent data showing softer-than-expected US consumer and wholesale inflation. Read More…
