Equities soared on Monday, with the S&P 500 and the Nasdaq reaching record highs. This increase came from technology stocks, which rallied on AI optimism. At the same time, investors were awaiting more clues from policymakers and economic data on the outlook for US rate cuts. S&P 500 index (Source: Bloomberg) Shares of major technology Read More…
Currency futures fell as the dollar rose amid increased safe-haven demand due to political uncertainty in the Eurozone. However, some currencies, like the Canadian dollar, defied this trend due to upbeat domestic data. It was a bearish week for the euro as investors dumped the currency after the announcement of a snap French election. French Read More…
Understanding the Recent Surge in NASDAQ and US Equity Markets Over the past week, the NASDAQ and other US equity markets have surged. This rally can be attributed to favorable economic data, strong corporate earnings, historical market patterns, and legislative support. One of the primary drivers behind the market’s recent strength is the softer inflation Read More…
Interest futures surged Thursday while Treasury yields fell to new lows in the month due to increased bets for a Fed cut in September. Prices are heading for a bullish week marked by softer US consumer and producer inflation numbers. Interest futures reversed most gains last week on Friday when the US released a blockbuster Read More…
Introduction Crude Oil Futures (CL) dropped dramatically for five straight sessions last week. CL dropped a total of 10.5% from the high of Wednesday 5th in those five days. There was a support level at around $76 that was taken out which is likely what lead to the sharp decline but the story changed quickly. Read More…
Oil prices rose on Wednesday amid ongoing tensions in the Middle East and softer-than-expected US inflation data. However, a slightly hawkish Fed policy meeting at the end of the day capped gains. The ceasefire talks led by the US in the Middle East experienced challenges as Hamas made some unreasonable demands. As a result, this Read More…
