The US Dollar Index (DXY) finally halted its five-day rally and hovered around 100.20 in Asian trading on Monday (November 24th). Market participants are now awaiting the release of US producer price inflation (PPI) data for September, due out next Tuesday, as this data could provide important clues to the Fed's future policy direction. The dollar's weakening occurred after expectations for a Fed rate cut in December rose sharply. The chance of a 25 bps rate cut is now around 69%, much higher than 44% last week. Comments from Fed officials—from John Williams, who said a cut could happen...
Silver stabilized around $50 per ounce on Monday, halting a recent slide as dovish comments from a senior US Federal Reserve official boosted expectations for a rate cut next month. New York Fed President John Williams said Friday that a near term rate reduction remains possible, with labor market weakness posing a greater risk than elevated inflation. Markets now price in roughly a 69% chance of a 25 basis point rate cut in December, up from 44% a week ago. Policymakers, however, remain divided, with Boston Fed President Susan Collins noting she has not yet decided on a policy...
Gold (XAU/USD) recovers slightly from the daily low touched during the early part of the European session and trades with a mild negative bias, just above the $4,060 level, down less than 0.15% for the day. Mixed signals from US Federal Reserve (Fed) officials keep the door open for another interest rate cut in December and prompt some US Dollar (USD) profit-taking after the recent rise to its highest level since late May. This turns out to be a key factor lending some support to the non-yielding yellow metal. Apart from this, geopolitical risks stemming from the intensifying...
The crude market has suffered a volatile year, and Bank of America Global Research expects the price of oil to remain pressured in 2026. The benchmark Brent contract has fallen almost 20% so far in 2025, averaging $69 a barrel, as the U.S. trade war and OPEC+ price war collided. "The high end of the range was $82/bbl first on the back of U.S. sanctions on Russia in January and then as the U.S. struck Iran in June. The low end of the range was $60/bbl in May right before US and China agreed to de-escalate trade measures," said analysts at Bank of America, in a note dated Nov. 23. Looking...
Oil prices fluctuated between gains and losses as traders weighed the prospects for a Ukraine-Russia peace deal that could ease political risks in an already oversupplied market. West Texas Intermediate crude traded near $58, little changed after its biggest weekly loss since early October. Ukraine and its European allies signaled that there were still key points of contention in U.S.-brokered peace talks to end the Russian invasion, although senior officials praised progress in securing more favorable terms for Kyiv. "Something good may be happening," President Donald Trump wrote in a...