Gold futures edged higher on Wednesday as traders weighed shifting expectations for the Fed’s rate, softening labor market data, and an unsettled geopolitical backdrop. The December COMEX gold futures held modest gains above $4,100 area during the European session. Fed’s December rate cut expectations have trimmed to 49%, as reflected by the CME FedWatch Tool. Read More…
US equity futures remained steady on Monday night after a dip in tech stocks led to a decline in the markets. Investors are keenly watching Nvidia’s earnings report and the delayed economic data due this week. Dow Jones Industrial Average futures gained 0.1%, while S&P 500 and Nasdaq 100 added nearly 0.2%, offering stability after Read More…
Currency futures slipped on Monday as the US dollar extended gains for the second consecutive session, as the December Fed rate cut expectations faded. The CME FedWatch tool now shows a 43% probability for the next rate cut, down sharply from 67% a week ago. Euro futures (6E) extended a correction from 2-week highs as Read More…
US interest futures experienced a decisive reset on Friday as market participants reassessed the Fed’s policy trajectory after the US government shutdown ended. The reduced uncertainty and potential visibility of key data have triggered a divergence between short-dated and long-dated contracts. Short-dated interest futures, such as 2-year Treasury futures and Fed funds, jumped after the Read More…
Crude oil futures continue bearish momentum on Thursday, global demand weakens, revealed by rising US inventories, and mounting oversupply concerns next year. WTI crude oil slipped near 0.20% to trade below mid-58.00, extending previous session losses as markets reacted to bearish supply data. The latest API data revealed a 1.3 million barrel rise in the Read More…
Gold futures slipped in Tuesday’s New York session, snapping a 3-day winning streak, as US government reopening optimism eased the safe-haven demand. The precious metal saw profit-taking after surging to a 3-week top above $4,150. During today’s Asian session, the gold futures fell to $4,100 area, weighed by a rebound in Dollar Index (DXY), rising Read More…
