On Monday, the currency futures recovered as the US Dollar Index (DXY) futures fell for the second day in a row amid a weak and uncertain US trade policy. The Dollar Index (DXY) hovered near 97.50 in Asian trading after settling at 97.79 on Friday, down 0.13% on the session. The move followed a US Read More…
US interest futures show the market has absorbed the Federal Reserve’s hawkish messages but remains highly sensitive to new data. The January FOMC minutes supported the idea that rates would stay high for a long time. Policymakers voted to keep rates at 3.5%-3.75% and openly warned against easing too soon. Some members want to ease Read More…
Crude oil prices have settled down after a sharp rise due to geopolitical events. Brent is trading above $70, with WTI above $65. The recent uptick stems from the reports that the US could take military action against Iran in the near future and that Iranian and Russian naval forces were holding extended drills in Read More…
After a sharp drop of 2-3% to the $4,850 area, gold futures have recovered losses in Wednesday’s Asian session. Buyers keep testing the $5,000 psychological level. The recent rise is likely a technical correction and a repositioning ahead of important US macroeconomic events, not the start of a new trend. Near-month futures have dropped sharply, Read More…
US equities fell slightly on Monday in a light trading day amid the US Presidents’ Day holiday. Investors were still wary of technology stocks and preparing for a week full of data that could test the strength of the long-running US equity bull run against the soaring overseas markets. The Nasdaq 100 futures fell about Read More…
Currency futures are under subdued pressure as US inflation data shows cooling, with CPI at 2.4% YoY and 0.2% MoM, bolstering bets on later Fed cuts. CME FedWatch expects two 25-bp cuts this year, mostly after June. Key takeaway: Cooling inflation and delayed Fed action keep USD strong in the short term but may weaken Read More…
