Currency futures ended nearly flat on Friday as the dollar paused after a set of mixed data barely changed the outlook for Fed rate cuts. Although consumer inflation jumped, producer prices missed forecasts. The dollar ralied last week before pausing on Friday. The rally came after consumer inflation figures beat forecasts. The CPI increased by Read More…
Interest futures fell on Thursday as mixed US data led to a slight decline in Fed rate cut expectations. Data showed that inflation in September was higher than expected. Meanwhile, employment figures showed weakness in the labor market last week. US core inflation (Bureau of Labor Statistics) Consumer Price Index figures on Thursday revealed that Read More…
Fears of Iranian oil disruptions and Hurricane Milton in the US boosted oil prices on Thursday. In the previous session, prices fell due to a bigger-than-expected increase in US crude oil inventories. Oil eased on Wednesday after the US released data showing a 5.4 million barrel rise in crude inventories. Meanwhile, economists had predicted a Read More…
Gold prices fell more than 1% on Tuesday and maintained the downward trajectory on Wednesday due to a decline in Fed rate cut expectations. Moreover, prices dropped due to worries about poor growth in China in Q4. Gold (Source: Bloomberg) Gold hit a two-week low in the previous session as market participants priced in a Read More…
Introduction In our earlier analysis, I mentioned key levels in CL crude futures, focusing on a support zone between $66-$71 and a potential breakout above $78.04. There was an expectation of a rally towards higher targets if the price successfully broke above the descending trendline and the 100-week EMA. With escalating geopolitical tensions involving Iran Read More…
Equities fell by 1% on Monday as market participants absorbed the sudden shift in the Fed’s rate cut outlook. At the same time, fears arose that the escalating Middle East tensions would increase oil prices and affect the global economy. On Friday, the US monthly employment report revealed a jump in job growth and a Read More…
