Interest futures edged higher on Friday as investors awaited the release of the U.S. NFP report for March, a critical indicator that could influence the Federal Reserve’s upcoming monetary policy decisions. The CME Group’s FedWatch tool indicates a 68% probability of a rate cut at the Federal Reserve’s June meeting, down from 78% the previous Read More…
Dollar dives toward key support as recession fears explode across markets The U.S. Dollar Index (DXY) is trading at 101.81, down -1.81% on the session, marking its largest single-day drop since mid-2022. This dramatic move follows a wave of panic sparked by recession concerns, as detailed in today’s breaking news: “The Dow plunges 1,500 points Read More…
Crude oil prices became volatile after the US President announced trade tariffs on all imports, with a baseline of 10% or higher, affecting major trade partners. Market sentiment soured due to caution despite a tariff exemption on the oil imports. The major partners, including China and Europe, will be largely impacted, raising concerns about global Read More…
Gold prices edged higher on Wednesday after pulling back from a new all-time high hit in the previous session. This week’s rally came amid uncertainty regarding Trump’s tariffs. Gold benefitted from increased demand for safe-haven assets. Gold (Source: Bloomberg) Global trade tensions have escalated since Trump started his tariff campaign. At the same time, the Read More…
Equities rebounded from their lows on Monday but remained fragile ahead of more Trump tariffs. At the same time, market participants look forward to crucial US monthly employment data for clues on Fed policy. Equities weekly change (Source: Bloomberg) Equities collapsed last week to end the quarter down as it became clear Trump will proceed Read More…
Currency futures gained on Friday and extended the moves on Monday as the dollar collapsed amid fears of stagflation. Market participants worried that more US tariffs would weaken economic growth and boost inflation. At the same time, data on Friday revealed an unexpected surge in US underlying inflation. On Friday, a decline in the US Read More…
