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…
Interest futures soared on Thursday and Friday as Treasury yields fell after poor US economic data. At the same time, geopolitical tensions led to a scramble for safe assets and boosted prices. The US ISM manufacturing PMI fell from 48.5 in June to an 8-month low of 46.8 in July. The sharp decline in business Read More…
Oil prices rose by 3% on Wednesday and continued higher on Thursday as investors worried about a possible escalation in the Gaza war. At the same time, the Fed opened the door to a September rate cut, improving the outlook for oil demand. Nevertheless, this sudden oil rally was insufficient to offset oil’s monthly losses. Read More…
Gold prices rose 1% on Tuesday and extended these gains on Wednesday as investors hoped for rate cut signals from the Fed meeting. The rally in gold came despite positive US data highlighting the economy’s resilience. Gold traders eagerly await Wednesday’s FOMC meeting for direction on when the Fed might start cutting rates. Lower interest Read More…
Equities rose slightly on Monday and Tuesday as investors mostly stayed on the sidelines ahead of major events. Markets await key US data, major US tech earnings reports, and the Federal Reserve policy meeting. US earnings index (Source: Citigroup, Bloomberg) Monday was a choppy session for US stocks because investors held off on big positions. Read More…
Currency futures edged higher on Friday as the dollar eased after inflation data met expectations. Consequently, the markets are continuing to anticipate that the Federal Reserve will commence reducing borrowing rates in September. However, the markets were in turmoil as the new week started. The looming BoJ and BoE policy meetings and poor risk appetite Read More…
