Authorized and Regulated Entities: SARACEN MARKETS (PTY) LTD
In a notable surge, the US dollar reached a one-month high, propelled by a rise in Treasury yields following hawkish remarks from European Central Bank (ECB) officials pushing back against expectations of early and substantial rate cuts. Gold, in response, experienced a decline, accompanied by a broad-based decrease in Treasury prices as the market resumed […]
US Dollar Gains Ground as Treasury Yields Rise, Gold Retreats Read More »
In the aftermath of heightened expectations that the Federal Reserve will implement interest rate cuts, Asian and European markets predominantly experienced gains. Traders, reacting to a surprising decline in U.S. producer prices on Friday, further solidified their beliefs that the Fed will opt for lower borrowing costs in the coming months. As the new week
In response to the recent escalation of geopolitical tensions, the dollar experienced a dip, indicating that global traders remained relatively unfazed by the developments. On Friday, Treasuries saw a slight decline after the 10-year yield had fallen six basis points the day before. Federal Reserve Bank of Cleveland President, Loretta Mester, expressed resistance to the
Market Reaction to Geopolitical Tensions: Dollar Softens, Treasuries Marginally Lower Read More »
In the upcoming monthly report on US consumer prices, expected today, analysts anticipate another soft inflation reading, attributed in part to ongoing declines in the goods sector. The core consumer price index (CPI), excluding food and energy, is projected to have risen by a modest 0.2% in December. This aligns with the objectives of Federal
US Consumer Prices Likely to Show Soft Inflation in December Report Read More »
Investor caution prevailed, and broader market sentiment remained subdued as anticipation built for crucial US inflation data, marking a shift from earlier expectations of an imminent Fed rate cut after the start of the new year. In Asia trading, Treasury 10-year yields and the dollar held steady, while the yen faced continued weakness against the
Market Sentiment Cautious as Eyes Turn to US Inflation Data Read More »
The US Dollar witnessed a rally while Chinese shares reversed their trajectory as the initial optimism surrounding potential monetary easing faded. Lingering concerns regarding China’s growth prospects and policy uncertainties have left investors cautious, potentially contributing to a strengthening dollar. Investor attention remains fixated on pivotal inflation data expected from both the US and China later
Dollar Surge, Chinese Equities Reversal: A Closer Look at Inflation Concerns Read More »
Yesterday’s release of the Federal Open Market Committee (FOMC) meeting minutes indicated a Fed stance of maintaining elevated rates for an extended duration, with potential cuts in 2024. This news led to a decline in Asian markets session following the drop in US markets. The minutes portrayed a hawkish tone, suggesting prolonged restrictive rate levels,
FOMC Signals Prolonged High Rates Read More »
Due to the End Year holiday, there will be some changes to the trading schedule* in December 2023 and January 2024. 22nd December: Last Business Day before Christmas 25th December: Christmas Day 26th December: Boxing Day 29th December: Last Business Day before New Years 1st January: New Years Day During this time spreads may be
2023 Trading Schedule Changes – End Year Holiday Read More »
In the Asian markets, all eyes remain fixed on China’s Purchasing Managers’ Index (PMI) readings, seeking further cues about the resilience of the world’s second-largest economy. As trading commenced on Thursday, Treasuries maintained stability following a decline of nine basis points in two-year yields, while the 10-year notes eased by seven basis points to hit
Asia Keeps Eyes on China PMIs Amid Global Economic Indicators Read More »
The recently unveiled Fed minutes from Tuesday revealed a consensus among policymakers to exercise prudence in their approach to future interest-rate adjustments, emphasizing a careful evaluation based on progress towards meeting inflation targets. At present, swap contracts tied to upcoming Fed meetings reflect a roughly 25% likelihood of the Fed initiating its first rate cut
Fed Signals Caution on Rate Moves, Futures Suggest 25% Odds of Rate Cut in March Read More »