The BoJ remains unfazed amid a wave of rate hikes by other major central banks. Japan’s Ministry of Finance disapproves of the yen’s decline. The US dollar is more attractive to investors who are dumping yen futures. Japanese Yen (6J) futures prices hit a 24-year low last week and look set to fall further. Despite Read More…
Gold (GC) futures prices fall after Powell’s hawkish remarks. ECB raised rates by 75bps. Yellen raised investor hopes for lower inflation. On Thursday, gold (GC) futures closed lower as Federal Reserve Chairman Jerome Powell emphasized the bank’s commitment to bringing down inflation. He suggested that additional interest rate hikes were imminent. The move comes after Read More…
The EU proposes price caps on Russia’s oil and gas exports. Britain’s PM Liz Truss is expected to repeal the nation’s fracking ban. China’s monthly crude oil imports dropped, fueling demand concerns. Crude Oil (CL) futures prices increased by as much as $1 per barrel on Thursday after falling in the previous session. An energy Read More…
August saw an expansion in the US services sector. The Fed will continue raising rates as the US economy steadies. Benchmark US Treasury yields rose to the highest level since June. The E-mini Nasdaq-100 (NQ) futures price closed down as traders analyzed recent economic data amid choppy trading. Tuesday marked the first session following the Read More…
Rising interest rates could lead to economic hardship. Investors are favoring stable sectors like healthcare in a downtrend market. Investors expect a wave of rate hikes this week. E-mini S&P 500 (ES) futures remain under intense selling pressure as the US dollar soars following an upbeat jobs report. Some investors are choosing to place their Read More…
Investors expect a 75bps rate hike from the ECB after inflation hit 9.1%. The ECB may take an aggressive stance as gas prices spike. Inflation in the eurozone might continue rising. The Euro (6E) futures continues to be under selling pressure as the US dollar remained the top gainer following upbeat US NFP data released Read More…
