Investors brace up for high US inflation. A lot of uncertainties linger after Putin’s latest attack on Ukraine. Investors scramble for safety amid recession worries. The prices of major equity indexes, including the E-mini S&P 500 (ES) futures, fell on Tuesday as investors scrambled for safety in the US dollar amid global tensions. Futures lost Read More…
Employment change in Canada failed to make up for previous losses. Markets expect the BoC to raise rates by 50bps at the next meeting. Oil prices are falling on demand worries as China’s economy deteriorates. Canadian Dollar (6C) futures prices are falling after the Canadian economy created jobs in September but did nothing to make Read More…
Initial jobless claims in the US exceed expectations pointing to a cooling labor market. Economists expect the US labor market to deteriorate amid higher interest rates. The Fed will only pause when the labor market cools significantly. Gold (GC) Futures prices continue to rise steadily following the disappointment in recent labor market data. The number Read More…
OPEC+ agreed to cut supplies by nearly 2 million bpd. The Joe Biden administration criticized the OPEC+ agreement as “shortsighted.” US crude oil inventories fell for the fourth week showing a rise in demand. Crude oil (CL) futures prices increased on Thursday for the fourth time this week. OPEC+ decided to significantly reduce the global Read More…
Job vacancies in the US decreased in August. The RBA is the first central bank to slow its rate hikes. Markets are hoping the Fed will follow in the RBA’s path. the E-mini Nasdaq-100 (NQ) futures prices are climbing after softer US economic data and Australia’s smaller-than-expected interest rate hike sparked optimism for less aggressive Read More…
Risk sentiment is improving as US treasury yields fall. Manufacturing activity in the US grew slowly, pointing to reduced demand. Higher interest rates are discouraging consumers from spending in the manufacturing sector. E-mini S&P 500 futures prices increased by about 2% on Monday as US Treasury yields fell due to weaker-than-expected manufacturing data, boosting the Read More…
