Gold prices soared to record highs on Tuesday as geopolitical tensions sent investors scrambling for safety. A slowdown in the US economy fueled expectations of a dovish Fed, adding support to prices. Meanwhile, market participants are eagerly anticipating US consumer inflation prices for more clues on Fed rate cuts. Tuesday was a good day for Read More…
Equities gained on Monday amid optimism over looming Fed rate cuts. This enthusiasm rose after the US released a poor monthly employment report on Friday. However, there were also concerns about the state of the economy that weighed on stocks at the end of last week. Data on Friday revealed that the US economy created Read More…
Currency futures extended gains on Monday as the dollar fell amid increased pressure on the Federal Reserve to lower borrowing costs. Downbeat employment figures on Friday sent the dollar down against its peers. Meanwhile, market participants are gearing up for crucial US consumer inflation data later in the week. Dollar Index (Source: Bloomberg) The US Read More…
Interest futures rallied on Friday after US data revealed a smaller-than-expected increase in employment in August. The downbeat jobs data led to a surge in expectations for a Fed rate cut and a decline in Treasury yields. Interest futures have had a bullish week marked by a gradual increase in Fed rate cut expectations. Since Read More…
Oil prices collapsed further on Thursday as traders worried about an oversupply amid reports of another OPEC+ production boost. In parallel, downbeat US employment figures raised concerns about the state of the economy and demand for oil. WTI futures (Source: NYMEX, Bloomberg) Reports on Wednesday revealed that the members of OPEC+ were planning to boost Read More…
Equities ended lower on Monday as AI stocks like Dell and Nvidia fell. Nevertheless, stocks had another bullish month amid elevated expectations for Fed rate cuts. This week, market focus will be on US employment figures, which will continue shaping the outlook for rate cuts in the US. Nvidia dropped by 3.4% on Monday as Read More…
