Gold prices retreated on Wednesday as investors booked profits ahead of the FOMC policy meeting. The decline also came as the dollar strengthened briefly after upbeat retail sales data in the previous session. However, Fed rate cut expectations remained elevated. Gold has rallied to all-time highs in September amid an increase in expectations for lower Read More…
Currency futures gained on Monday as the dollar weakened ahead of an expected Fed rate cut this week. At the same time, market participants were looking forward to central bank meetings in Japan, Canada, and the UK. US core CPI (Source: Bureau of Labor Statistics) The greenback fluctuated last week amid mixed economic signals. However, Read More…
Interest futures eased on Friday but were set to end the week higher after a surge in Fed rate cut expectations. Inflation figures on Thursday allowed Treasury yields to recover from their recent collapse, putting pressure on interest futures. Since last week, market participants have absorbed data showing a rapid slowdown in the US labor Read More…
Oil prices eased on Thursday amid worries about oil demand and the rising risk of oversupply and a loose market. However, prices rose in the previous session as global tensions increased the risk of supply disruptions. Meanwhile, market participants are paying close attention to US economic data for clues on the outlook for Fed rate Read More…
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…
