Interest futures rallied on Friday after US data revealed a smaller-than-expected increase in employment in August. The downbeat jobs data led to a surge in expectations for a Fed rate cut and a decline in Treasury yields. Interest futures have had a bullish week marked by a gradual increase in Fed rate cut expectations. Since Read More…
Oil prices collapsed further on Thursday as traders worried about an oversupply amid reports of another OPEC+ production boost. In parallel, downbeat US employment figures raised concerns about the state of the economy and demand for oil. WTI futures (Source: NYMEX, Bloomberg) Reports on Wednesday revealed that the members of OPEC+ were planning to boost Read More…
Equities ended lower on Monday as AI stocks like Dell and Nvidia fell. Nevertheless, stocks had another bullish month amid elevated expectations for Fed rate cuts. This week, market focus will be on US employment figures, which will continue shaping the outlook for rate cuts in the US. Nvidia dropped by 3.4% on Monday as Read More…
Currency futures edged higher on Monday as Fed rate cut bets remained elevated after Friday’s inflation figures. However, traders were cautious at the start of the week, as the US will release its pivotal monthly employment figures. Dollar monthly change (Source: Bloomberg) The dollar ended last month lower due to a surge in expectations for Read More…
Interest futures eased on Friday but were heading for a slight monthly gain after wild fluctuations. Prices have swung in August due to a big shift in the Fed rate cut outlook. At the same time, the conflict between Trump and Powell has impacted interest futures. This week, Fed rate cut expectations remained elevated as Read More…
Oil prices fell on Thursday as market participants anticipated a looming drop in demand with the end of the US driving season. However, optimism supported prices in the previous session after data revealed a significant draw in US crude oil inventories. Brent monthly performance (Source: ICE, Bloomberg) Oil was heading for a monthly drop on Read More…
