Equities were mixed on Monday as investors shifted from AI to more stable financials, utilities, and energy stocks. As a result, the Dow soared while the Nasdaq and the S&P 500 fell. At the same time, market participants were gearing up for more data from the US that could give insight into the Fed’s policy Read More…
Currency futures fell on Friday as the dollar rose due to better-than-expected business activity data. At the same time, the Fed stood out as less dovish compared to other major central banks, boosting the greenback. US business activity (Source: S&P Global) Data from the US on Friday revealed a surge in business activity to an Read More…
Interest futures fell on Thursday as Treasury yields rose along with the dollar amid a decline in rate cut expectations. At the same time, a second rate cut from the Swiss National Bank highlighted the growing divergence in policy outlooks between the Federal Reserve and other major central banks. US jobless claims (Source: US Labor Read More…
Introduction Crude oil could be breaking out of a multi-year downtrend and on its way to triple digits once more. This is a big speculation but if you look at the chart below, you will see why it could be a possibility. At least, the support is very strong and even if price does not Read More…
Oil prices fell on Wednesday as a surge in inventories overshadowed demand optimism and supply concerns. However, there was little volatility as US markets were closed for a holiday. According to American Petroleum Institute figures, crude inventories rose by 2.264 million barrels last week. Meanwhile, economists had expected stocks to fall by 2.2 million barrels. Read More…
Federal Reserve and Monetary Policy The Federal Reserve has maintained its policy rate at 5.25%-5.5%, with potential rate cuts anticipated in the latter half of 2024. This cautious stance is driven by mixed economic signals and the need to monitor inflation trends closely. While there has been some moderation in inflation, core inflation, particularly in Read More…
