Currency futures fell on Friday as the dollar soared due to divergence in monetary policies between the Fed and other major central banks. At the same time, geopolitical tensions led to an increase in safe-haven demand for the dollar. Bloomberg dollar gauge (Source: Bloomberg) The dollar closed last week with significant gains as investors slashed Read More…
Interest futures fell on Thursday amid growing despair about the Fed’s rate-cut outlook. Investors have lost hope that the Fed will cut rates in June after data on Wednesday revealed high inflation. Wednesday’s US Consumer Price Index report dealt a big blow to Fed rate cut expectations. It brought to light that the Fed still Read More…
Oil prices rose on Wednesday as supply concerns overshadowed a build in crude inventories and a drop in Fed rate cut expectations. Investors grew concerned about supply as the war in Gaza continued. WTI crude futures (Source: Nymex) Notably, Israeli strikes on Gaza hit prominent members of Hamas on Wednesday amid ongoing ceasefire talks. Consequently, Read More…
The March CPI data has delivered a significant boost to the US dollar, effectively wiping out expectations of a June rate cut by the Fed. This development will prove frustrating for the central bank, though the strong economic growth provides them the luxury of patience. The high inflation figures have several key implications. Firstly, they Read More…
Gold prices hit record highs on Tuesday as demand for the haven metal increased amid geopolitical tensions. At the same time, investors bought more gold as bets for a Fed rate cut in June increased ahead of US inflation figures. As the war in Gaza continues, investors seek refuge in the yellow metal. Interested parties Read More…
Equities closed Monday nearly flat with no catalysts ahead of the crucial US Consumer Price Index report. At the same time, a sharp increase in Treasury yields due to a drop in Fed rate-cut expectations put pressure on stocks. Investors are gearing up for inflation figures from the US that will shape the outlook for Read More…
