Currency futures rose on Friday as the dollar retreated after three sessions of gains. It extended this move at the start of the new week. Moreover, the greenback had a slightly bearish week but closed well above its lows as Fed rate cut expectations eased. After a volatile week, the dollar eased on Friday as Read More…
Interest futures fell Thursday as Treasury yields rebounded after better-than-expected US employment data. At the same time, prices retreated as risk appetite improved after a period of economic uncertainty that boosted bond markets. Interest futures rallied last week and extended gains on Monday as investors panicked after poor US data. The nonfarm payrolls report revealed Read More…
Oil gained over 2% on Wednesday and extended the gains into Thursday as data revealed a massive drop in US crude inventories. At the same time, supply concerns amid Libya’s lower oil production boosted prices. WTI (Source: Nymex) Data on Wednesday showed that US crude inventories fell for the sixth week in a row. Stocks Read More…
Gold prices extended declines on Tuesday, with the dollar and US Treasury yields recovering as recession fears eased. However, the yellow metal recovered by Wednesday as Fed rate-cut optimism overshadowed recent recession worries. Gold (Source: Bloomberg) On Monday, gold lost nearly 3% of its value as global markets sold off. The turmoil came from fears Read More…
Equities fell sharply on Monday as fears of a recession in the US continued to unsettle investors. At the same time, Apple’s stock significantly dropped after a prominent investor sold its shares. Since last week, investors have been dumping risky assets and buying safer ones due to fears that the US economy is slowing down Read More…
Currency futures gained on Friday as the dollar fell after a downbeat jobs report raised the likelihood of a 50-bps Fed rate cut in September. However, the tides had shifted by Monday morning, and the dollar was on the front foot. Investors bought safe-haven assets, including the dollar and the yen, amid economic and geopolitical Read More…
