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…
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…
Gold prices rose on Tuesday after poor US economic data raised the likelihood of a rate cut in September and weighed on the US dollar. However, the move was subdued because the market is awaiting more significant data. US retail sales (Source: US Census Bureau) Data on Tuesday showed that US sales barely rose in Read More…
What is leading the underperformance? The Russell 2000 is less weighted in technology stocks compared to the S&P 500 and Nasdaq. Large-cap tech stocks have driven much of the recent market gains, benefiting indices heavily weighted in these sectors. Small-cap stocks, which dominate the Russell 2000, are more susceptible to economic uncertainties too. In contrast, Read More…
