Equities eased on Monday after consolidating ahead of the US presidential election. The decline came as markets unwound the Trump trade in light of new polls which showed Kamala Harris in the lead. Meanwhile, market participants were also cautious before Thursday’s FOMC policy meeting. The US presidential election has introduced considerable uncertainty in the equities Read More…
Currency futures eased on Friday as the dollar surged despite a downbeat US employment report. Market participants paid little attention to the report since it could have been a one-time dip. At the same time, the focus was on the upcoming US presidential election. However, moves on Monday were subdued as traders preferred to wait Read More…
Interest futures rose Friday as the dollar, and Treasury yields eased after downbeat US monthly employment figures. At the same time, investors were cautious ahead of the November 5th presidential election. Data on Friday revealed that the US economy added only 12,000 jobs in October, missing forecasts of 106,000. Meanwhile, the unemployment rate held steady Read More…
Oil prices gained over 2% on Wednesday and continued to climb on Thursday after an unexpected drop in gasoline and crude inventories. At the same time, a report that OPEC+ might delay its planned production increased boosted prices. Oil futures (Source: ICE) Data on Wednesday revealed that gasoline inventories fell by 2.7 million barrels last Read More…
Gold prices reached a record high on Tuesday and extended gains on Wednesday as safe-haven inflows increased with geopolitical uncertainties. Investors were concerned about the upcoming US elections, with polls showing a tight race. At the same time, tensions in the Middle East escalated when 93 Palestinians died in an Israeli strike in Gaza. Gold Read More…
Equities gained on Monday ahead of more tech earnings this week. Last week, Tesla surprised with upbeat forecasts, which boosted market sentiment. At the same time, market participants are watching the upcoming presidential election and economic report before the FOMC meeting. Q3 Earnings (Source: Bloomberg Intelligence) This week, the US will unveil the earnings reports Read More…
