S&P 500 Futures Rise Amid Fed Rate Cut Speculation Investor concerns over prolonged higher interest rates weighed on the S&P 500 last week. Federal Reserve Chair Jerome Powell emphasized the need for concrete evidence of inflation nearing the 2% target before considering rate adjustments. This cautious stance has led to a downward revision in market Read More…
Interest futures ended higher on Thursday as investors positioned themselves ahead of the monthly US employment report. However, prices fluctuated during the session as rate cut expectations kept changing. US initial jobless claims (Source: Labor Department) The US released data showing higher-than-expected employment claims. These figures indicated easing conditions in the labor market, supporting Fed Read More…
Oil prices closed at a 5-month peak on Wednesday due to supply concerns. Geopolitical tensions escalated while OPEC member countries agreed to continue with output cuts. Consequently, investors worried that the market would become tighter. WTI (Source: NYMEX) The wars in Gaza and between Russia and Ukraine have contributed to a lot of supply distractions Read More…
On Tuesday, gold prices rallied to a new high on safe-haven demand amid ongoing geopolitical tensions. Prices rose despite an increase in Treasury yields after upbeat US data. Gold rallies (Source: Bloomberg) Tensions in the Middle East and between Russia and Ukraine have pushed some investors to hedge against any escalation affecting other markets. At Read More…
Equities fell on Monday as investors lost confidence in a June Fed rate cut due to upbeat manufacturing data. Notably, most sectors in the S&P 500 closed the day lower, except energy. This sector gained with oil as the demand outlook improved after upbeat manufacturing data from the US and China. US rate-cut bets (Source: Read More…
Weekly Chart Breakout Confirmation The breach of the previous ATH a few weeks ago remains as the most significant event on the Gold chart this year. With that level now acting as resistance near $2089, we could wait for a pullback to take a long position because at current levels, we would be chasing the Read More…
