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…
Oil prices fell on Wednesday as a surge in inventories overshadowed demand optimism and supply concerns. However, there was little volatility as US markets were closed for a holiday. According to American Petroleum Institute figures, crude inventories rose by 2.264 million barrels last week. Meanwhile, economists had expected stocks to fall by 2.2 million barrels. 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…
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…
