Gold prices wallowed near lows hit in the previous session as traders worried about a fragile ceasefire deal between the US and Iran. At the same time, gold ended June in the red amid a surge in Fed rate hike expectations. Market participants are now eagerly awaiting the US nonfarm payrolls report for further clues Read More…
Equities rebounded at the start of the week as tensions between the US and Iran eased. At the same time, tech stocks, which had plunged in the previous week, recovered, boosting the Nasdaq futures. Market participants are now looking forward to the nonfarm payrolls report due on Thursday. The stock market collapsed last week as Read More…
Currency futures were heading for a red month as the dollar recorded a 2% gain in June. The greenback remained elevated on Monday as market participants awaited the US nonfarm payrolls report. Over the past month, demand for the currency has been high amid tensions in the Middle East and a hawkish Fed outlook. Geopolitical Read More…
Interest futures traded near highs hit in the previous session as a rapid decline in oil prices sent treasury yields lower. However, there was some downward pressure from a strong dollar amid an increase in Fed rate hike expectations. WTI crude oil futures (Source: Bloomberg) Bonds have benefited greatly from the closing of a peace Read More…
Oil prices fell nearly 4% on Wednesday, extending declines caused by the reopening of the Strait of Hormuz. Meanwhile, market participants are paying close attention to ongoing talks between the US and Iran for a longer-lasting peace deal. Brent futures (Source: ICE Futures Europe) Sentiment in the oil market shifted significantly last week after the Read More…
Gold continued sliding on Tuesday as demand fell amid a rally in Treasury yields. The precious metal started falling after the Fed held a surprisingly hawkish stance last week. Afterwards, rate hike expectations soared, increasing the opportunity cost of holding gold. It also overshadowed optimism from easing geopolitical tensions in the Middle East. Bullion has Read More…
