Currency futures were down on Monday as risk appetite remained low amid the escalating tensions in the Middle East. Meanwhile, the dollar regained its shine as safe-haven demand increased. However, most major currencies were up against the greenback last week as a downbeat US inflation report eased Fed rate hike expectations. “FX markets were relatively Read More…
Interest futures fell on Thursday as focus shifted from US inflation figures to the Middle East conflict. The renewed tensions between the US and Iran have caused a spike in oil prices and inflation worries that have sent Treasury yields higher. However, on Tuesday and Thursday, they fell as interest futures rose after soft US Read More…
Oil paused its rally on Wednesday as traders took time to assess developments in the Iran war. In the previous sessions, it rallied as the US and Iran went back to missile and drone attacks, and progress made in recent talks was undone. At the same time, market participants were digesting downbeat US inflation numbers. Read More…
Gold prices pulled back on Wednesday after jumping by more than 2% the previous session. A downbeat US consumer inflation report led to a drop in expectations for a Fed rate hike, which favored the yellow metal. However, sentiment shifted on Wednesday as focus returned to tensions in the Middle East. US inflation (Source: Bloomberg) Read More…
Equities fell on Monday as tensions in the Middle East worsened after the US announced it would reinstate its blockade on Iranian shipping. As a result, oil prices jumped, and expectations of a Fed rate hike increased. At the same time, market participants are looking forward to the US CPI report coming out later in Read More…
Currency futures were subdued on Monday as the dollar rebounded amid an increase in Fed rate hike expectations. Tensions in the Middle East escalated further over the weekend, leading to the closure of the Strait of Hormuz. As a result, oil prices jumped, fueling inflation worries. Meanwhile, market participants are cautiously awaiting the US CPI Read More…
