Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…
US equities rose on Monday because of weaker-than-expected manufacturing data, which increased the likelihood of a Federal Reserve interest rate cut in September. Meanwhile, a New York Stock Exchange malfunction caused some trading gaps in most equities. US manufacturing (Source: ISM) There was a bit more rate-cut optimism in the markets on Monday, which improved Read More…
Currency futures ended higher as the dollar retreated after data revealed a slight cooling of inflation in the US. Economic data from regions like Japan and the Eurozone also affected currency futures. The US dollar had its first monthly decline in May due to lower-than-expected inflation. The first three months of the year saw the Read More…
Interest futures recovered on Thursday as Treasury yields retreated from recent highs amid poor US data. Initially, interest futures had been plummeting after a poor US debt auction. However, this changed when data led to a slight increase in Fed rate cut expectations. The bond market has had a rough week, with yields soaring to Read More…
Oil prices fell by 1% on Wednesday as investors worried about fuel demand due to the Fed’s higher-for-longer policy outlook. At the same time, a rally in the dollar made oil expensive for overseas buyers, leading to a drop in demand. Oil vs dollar (Source: Nymex, Bloomberg) Risk appetite fell on Wednesday as investors panicked Read More…
Equities ended Tuesday mixed, with the Nasdaq and S&P 500 rising due to a rally in Nvidia shares and the Dow falling due to higher Treasury yields. The rally in Treasury yields came amid a weak auction and upbeat US data. Nvidia shares rose 7%, leading to a rally in other chip stocks. This had Read More…
