Japan intervened for the second time last week to support the falling Yen. Speculators are betting on more yen weakness despite recent interventions. Japan faces a huge challenge as speculative short Yen positions continue increasing. Japanese yen (6J) futures prices have fallen as the flood of speculative bets against the Yen continued despite Japan’s historic Read More…
Gold prices are struggling as US Treasury yields make new highs. Markets expect the Fed to maintain its aggressive stance, which might hurt gold prices. The US labor market continues to show resilience amid rising interest rates. The yield on 10-year US Treasury notes has increased to levels last seen in June 2008, and persistently Read More…
US president Joe Biden announces another Strategic Petroleum Reserve release. There are demand concerns as China’s economy deteriorates. Us crude oil inventories fell more than expected last week, showing improved demand. Crude oil (CL) futures prices started October and 4Q’22 strong; however, the subsequent price movement has been affected by concerns about the resumption of Read More…
Market sentiment has improved after upbeat earnings reports. US Industrial production came in higher than expected at 0.4%. Investors expect UK inflation data to determine the BoE’s next rate hike. E-mini Nasdaq-100 (NQ) futures prices closed higher, and Treasury yields decreased on Tuesday due to encouraging earnings and better-than-anticipated US industrial data. “The market was Read More…
Rising interest rates in the US are boosting lenders’ interest incomes. There is less turmoil in the market after UK’s fiscal policy u-turn. Analysts expect the Fed to continue its aggressive monetary policies. Major equity futures indexes, including the E-mini S&P 500 (ES), began the trading week with a price surge after Britain changed its Read More…
Liz Truss’s new finance minister, Jeremy Hunt, has improved the market mood. Jeremy Hunt promises to focus on growth underpinned by stability. Goldman Sachs lowers its 2023 UK economic growth outlook from a 0.4% decline to a 1% decline. British pound (6B) futures prices rose on Monday after the announcement that Chancellor Jeremy Hunt will Read More…
