Interest futures soared on Wednesday after the US Treasury Department announced it would intervene to support the bond market.
Fundamental Analysis
Oil Rally Resumes as US-Iran Talks Hit Roadblocks
Oil resumed its rally on Thursday as market participants worried about supply disruptions in the Middle East. Hopes to reopen the Strait of Hormuz have faded as the US and Iran disagree on the terms.
Gold Falls as Oil Surge Revives September Fed Hike Bets
Gold prices fell on Tuesday as yields gained amid rising tensions in the Middle East. Progress towards a deal has stalled, with Iran saying the Strait of Hormuz will remain closed. As a result, oil prices rose, rekindling inflation worries and increasing chances of a Fed rate hike in September. Gold (Source: Bloomberg) Bullion has Read More…
US Equities Face a New Test as Oil and Yields Rise
US equities remain on a weaker footing after a strong rally pushed major indexes to record levels. The S&P 500 closed Monday at 7,745.06, down 0.5%, while the Nasdaq Composite slipped 0.3% to 26,644.91. The Dow Jones Industrial Average also fell 0.5%. Despite the pullback, Wall Street remains close to historical highs. The recent rally Read More…
Currency Futures Rally as Fed Rate Hike Bets Fade
Currency futures gained on Monday as the dollar extended declines from the previous week amid a drop in Fed rate hike expectations. Economic data released last week showed easing inflation and a slower economy. Meanwhile, market participants are watching rising tensions in the Middle East with no new deal in sight. Recent US data has Read More…
Interest Futures Rally as Soft PPI Dashes Fed Hike Bets
Interest futures soared on Thursday after US data revealed softer-than-expected wholesale inflation. The PPI report led to a decline in Fed rate hike expectations, sending yields lower. However, if there is no deal to end the war in Iran, oil prices will keep rising, pushing inflation higher. The bond market recovered this week as traders Read More…