Gold prices fell on Tuesday as high Treasury yields reduced demand for the yellow metal. This overshadowed slightly dovish remarks from Fed Chair Powell. At the same time, employment data showed continued resilience in the US labor market. Treasury yields remained elevated on Tuesday after a rally in the previous session. The 10-year yield rose Read More…
Equities rose on Monday due to a boost from technology stocks. At the same time, investors were preparing for major US economic reports shaping the outlook for rate cuts. Meanwhile, data from the US painted a picture of a weaker economy that could pressure the Fed to start implementing rate cuts. Shares of major tech Read More…
Currency Futures edged higher on Friday as US inflation eased in May, increasing the odds of a Fed rate cut in September. Still, most currencies ended the month lower amid economic, policy, and political changes. US inflation (Source: Bureau of Economic Analysis) Notably, the US released the core PCE report, a very significant inflation measure Read More…
Introduction The S&P 500 e-mini futures (ES) have painted two bearish candles for the past two weeks trade. This was overdue as ES and other US equity markets have soared for 2024. The pullback we expect is likely to be a short-term outlook and by no means a trend reversal, so keep that in mind Read More…
Oil prices increased slightly on Wednesday as investors worried about supply due to escalating Middle East tensions. These supply worries overshadowed an unexpected jump in US crude inventories last week. Since the start of the war between Israel and Gaza, there has been a risk of escalation that has supported oil prices. Moreover, ceasefire talks Read More…
Gold prices dipped on Tuesday as the dollar and Treasury yields rose ahead of crucial US inflation figures. At the same time, slightly hawkish Fed remarks dampened expectations for a rate cut, which weighed on gold. On Tuesday, the dollar rose 0.2% against other currencies, making bullion expensive for overseas buyers. This rally came as Read More…
