Currency futures edged lower on Monday as the dollar resumed its rally after Trump rejected Iran’s proposal. Talks at the UN only revealed heated tensions between the US and Iran, sending oil prices higher. With this, inflation concerns increased, and Fed rate hike expectations jumped, boosting the greenback. Meanwhile, other major currencies like the euro Read More…
Interest futures collapsed on Thursday, extending the previous session’s move as Fed rate hike expectations increased. Comments from US and Iranian officials at the UN showed simmering tensions. As a result, oil prices jumped, raising inflation worries and sending rate hike expectations higher. Initially, the bond market had been on a slow uptrend as oil Read More…
Oil prices held on to Wednesday’s gains after comments at the UN showed tensions between the US and Iran remained high. This was the first bullish session since Wednesday last week, when the Fed hiked interest rates. The decline over the past week came as supply concerns eased and traders cheered a brief pause in Read More…
Gold prices were down on Wednesday for the third consecutive session as the outlook for higher global interest rates weighed on the non-yielding metal. At the same time, a rally in the dollar has made bullion more expensive for overseas buyers. Prices have declined despite a drop in oil prices as traders hope for a Read More…
Equities soared on Monday as growth stocks rebounded amid a decline in oil prices and Treasury yields. Oil fell after reports indicated that Trump was ready to talk with Iran at the UN meeting. At the same time, supply worries eased last week as the US military ensured continued oil transport through Oman’s coast. Last Read More…
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…
