Oil prices rose on Wednesday as supply concerns overshadowed a build in crude inventories and a drop in Fed rate cut expectations. Investors grew concerned about supply as the war in Gaza continued. WTI crude futures (Source: Nymex) Notably, Israeli strikes on Gaza hit prominent members of Hamas on Wednesday amid ongoing ceasefire talks. Consequently, Read More…
The March CPI data has delivered a significant boost to the US dollar, effectively wiping out expectations of a June rate cut by the Fed. This development will prove frustrating for the central bank, though the strong economic growth provides them the luxury of patience. The high inflation figures have several key implications. Firstly, they Read More…
Gold prices hit record highs on Tuesday as demand for the haven metal increased amid geopolitical tensions. At the same time, investors bought more gold as bets for a Fed rate cut in June increased ahead of US inflation figures. As the war in Gaza continues, investors seek refuge in the yellow metal. Interested parties Read More…
Equities closed Monday nearly flat with no catalysts ahead of the crucial US Consumer Price Index report. At the same time, a sharp increase in Treasury yields due to a drop in Fed rate-cut expectations put pressure on stocks. Investors are gearing up for inflation figures from the US that will shape the outlook for Read More…
Crude oil futures traded higher on Tuesday morning as ongoing geopolitical tensions in West Asia continued to impact the market. Brent oil futures were up 0.29% to $90.64, while May West Texas Intermediate crude futures gained 0.21% to $86.61. Tensions in the Middle East drove the surge in crude prices. The much-anticipated peace talks between Read More…
Currency futures fell on Friday as the dollar rallied after the US reported a bigger-than-expected increase in employment in March. As a result, there was a higher chance the Fed would lag behind other major central banks in cutting interest rates. Despite the big rally on Friday, the dollar ended the week down. US employment Read More…
