Gold prices pulled back slightly after rallying and ending higher on Tuesday due to escalating Middle East tensions. The conflict between Iran and Israel raised fears of a wider war, leading to a scramble for safety in the yellow metal. On Monday, gold prices dropped after Powell delivered a slightly hawkish speech. Initially, traders had Read More…
Introduction Bitcoin is up 43% YTD and 131% for the past year. The surge has come after a horrific bear market that saw ‘digital gold’ crash by 80%. The rally we have seen has now stalled, and the chart is no longer printing aggressive higher highs like we saw earlier in the year. However, it Read More…
Currency futures were mixed on Friday and Monday amid several economic and political changes in different countries. Meanwhile, the dollar fell after inflation data revealed softer-than-expected numbers. US core inflation (Source: Bureau of Economic Analysis) The US core PCE price index report on Friday revealed a 0.1% increase in August, smaller than the forecast of Read More…
Interest futures rose on Thursday and Friday as Treasury yields eased amid rising Fed rate cut expectations. However, the move was subdued as market participants waited for the core PCE inflation figures. Treasury yields eased on Thursday despite upbeat US data. The outlook for Fed rate cuts remains quite dovish, with investors pricing a 50% Read More…
Introduction Crude oil prices have been falling recently due to a combination of factors. One major reason is the slowing demand from China, which has been experiencing economic challenges, particularly in its real estate sector and a growing shift towards electric vehicles. As one of the largest consumers of oil, any slowdown in China significantly Read More…
Oil prices fell on Wednesday and Thursday as concerns about supply disruptions in Libya eased after a deal to end the conflict. At the same time, market participants were worried about a planned increase in Saudi Arabia’s oil production. Oil chart (Source: Bloomberg, ICE) Libya, a significant oil producer, had slashed production due to conflict Read More…
