Interest futures collapsed on Thursday, giving back most of this week’s gains after reports of a restrictive draft plan for traffic through the Strait of Hormuz. The bond market had recovered this week as tensions between the US and Iran eased, giving room for talks. Meanwhile, market participants are eagerly awaiting the US nonfarm payrolls Read More…
Oil prices wallowed near weekly lows as US-Iran talks progressed towards a deal to reopen the Strait of Hormuz. Still, the Houthis continued attacking tankers in the Red Sea, causing supply concerns. Meanwhile, market participants await crucial US employment data for clues on future policy moves. Since last week, oil has declined on hopes that Read More…
Gold futures gained on Wednesday as reports indicated that the US, Iran, and Oman were close to a truce agreement. Meanwhile, the US dollar and oil saw a decline. Meanwhile, market participants are gearing up for the US nonfarm payrolls report due on Friday. Gold price (Source: Bloomberg) Market sentiment has improved since Saturday, when Read More…
Equities extended gains on Tuesday as investors cheered strong earnings and hoped for peace between the US and Iran. At the same time, downbeat US data last week eased Fed rate hike bets, allowing stocks to climb. Market participants are now looking forward to the monthly employment report for more cues on future Fed moves. Read More…
Currency futures gained last week as the dollar collapsed after data indicated slower-than-expected growth in the second quarter. At the same time, the core PCE number missed forecasts, leading to a drop in Fed rate hike expectations. The move was extended on Monday after, over the weekend, it was said that the US would start Read More…
Interest futures recovered on Friday after collapsing in the previous sessions amid an escalation in the Iran war. The rebound came late Thursday after the US released a set of downbeat economic data. The GDP and inflation numbers eased Fed rate hike expectations. Wednesday witnessed the biggest collapse in interest futures after the US hit Read More…
