Interest futures ended lower on Thursday as escalating tensions between the US and Iran sent oil prices higher. Inflation worries increased, sending Treasury yields higher. At the same time, the recent decline in expectations for Fed rate cuts has weighed on interest-rate futures. Tensions between the US and Iran escalated this week despite an extension Read More…
Oil prices soared on Wednesday after reports that Iran had seized two ships in the Strait of Hormuz. The news dampened optimism after Trump extended the ceasefire to allow Iranian leaders to agree on a proposal to end the war. WTI crude oil (Source: Heritage Petroleum) Uncertainty regarding the outcome of the US-Iran war has Read More…
Gold prices collapsed on Tuesday, weighed by a stronger dollar after upbeat US sales data. At the same time, investors preferred the safe-haven dollar amid uncertainty regarding a deal between the US and Iran to end the war. US sales (Source: US Department of Commerce) Data on Tuesday revealed that retail sales in the US Read More…
Equities ended lower on Monday after gapping down from the previous session’s close amid a sentiment shift. Stocks had recorded a solid week as hopes for an end to the Iran war boosted risk appetite. However, uncertainty returned with the new week, pausing the rally. S&P 500 performance (Source: LSEG, Prof G Media) The two-week Read More…
Currency futures recovered slightly on Monday after collapsing in the previous session amid an escalation of Middle East tensions. On Friday, currency futures had soared after Iran declared the Strait of Hormuz was fully open. However, this changed when the US seized an Iranian cargo ship over the weekend. The dollar collapsed on Friday as Read More…
US interest futures dropped on Thursday after upbeat US jobs data sent Treasury yields higher. However, sentiment lifted on Friday morning, amid hopes of an end to the conflicts in Iran and Lebanon. US jobless claims (Source: Trading Economics) US data on Thursday showed that jobless claims fell to 207,000 the previous week. Meanwhile, economists Read More…
