Equities ended down on Monday as Treasury yields rose due to geopolitical tensions and upbeat US data. However, they had rallied earlier in the session due to positive earnings reports from financial institutions. Tensions in the Middle East after Iran’s attack on Israel sent US yields up as investors scrambled for safety. There are worries Read More…
Tag: Futures market
Gold bulls target $2,600 amid rising geopolitical tensions
Gold Prices Steady Amid US Dollar Strength and Geopolitical Tensions The gold price continues to rally above all-time highs as bulls take firm control. The gold strength comes despite a strong Dollar but what is driving this price action? On one side, Asian markets have been declining, influenced by the possibility that the FED is Read More…
S&P 500 Technical Outlook Amid Iran-Israel Tensions
The S&P 500 experienced a sell-off towards the end of last week’s trading session, largely due to concerns over imminent Iranian retaliation against Israel. However, over the weekend, Iran launched an operation against Israel, but most of the attacks were intercepted without any casualties. Following this, Iran concluded the operation, and the US informed Israel Read More…
Dollar Soars, Currency Futures Decline on Monetary Policy Divergence
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 Plunge on Shifting Fed Rate-Cut Outlook
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 Rally as Supply Concerns Take Center Stage
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…