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May 6th - Bond traders are increasing their bets that the Federal Reserves next policy move will likely be a rate hike rather than a rate cut. Swap contracts linked to central bank interest rate decisions currently show that the market expects a greater than 50% probability of a Fed rate hike before April next year, prior to any rate cut. More and more traders are also increasing their positions to hedge against the risk of a rising probability of a rate hike before the end of the year. This shift in market conditions comes as policymakers appear increasingly divided on the interest rate outlook. Lawrence Gillum, chief fixed income strategist at LPL Financial, believes that the possibility of a rate cut this year still exists, but this probability will gradually decrease as the conflict with Iran continues. He stated, "Theres no doubt that Warshs path forward will be challenging."Lucid Group (LCID.O) executives: Due to geopolitical conflicts, there were some delays in the delivery of equipment to the Saudi factory, but the team has successfully mitigated the situation.According to the UAEs national news agency, the UAE president received phone calls from several leaders, including Israeli Prime Minister Netanyahu, who condemned Irans attack on the UAE and expressed their support for the measures the UAE has taken to maintain security.AMD (AMD.O) shares rose more than 11% in after-hours trading.ChatGPT has announced its availability as a plugin for Excel and Google Sheets. ChatGPT states that it helps analyze messy data, write formulas, update spreadsheets, and explain the steps involved—all without leaving the spreadsheet interface. The service will be powered by GPT-5.5.

Gold Price Forecast: XAU/USD crashes below $1,840 as geopolitical worries damper market mood

Alina Haynes

Feb 20, 2023 11:13

截屏2022-06-07 下午5.14.07.png 

 

Gold price (XAU/USD) has slid to about $1,837.90 after giving a negative break of the consolidation created in a limited range of around $1,844.00 in the Asian session. The precious metal has been given amid growing geopolitical tensions between the United States and China and the launch of rockets from North Korea near Japan’s Exclusive Economic Zone (EEZ).

 

Investors should brace for wild volatility as the equity markets in the United States will stay closed on Monday owing to Presidents’ Day. Nevertheless, S&P500 futures have slid further amid increased forecasts of the continuation of the restrictive policy stance by the Federal Reserve (Fed), presenting a decline in the risk-aversion theme.

 

The US Dollar Index (DXY) has risen over 103.70 as investors are increasingly anxious that the higher-than-anticipated US Consumer Price Index (CPI), Producers Price Index (PPI), and monthly Retail Sales data have prompted the possibility of a comeback in the inflationary pressures.

 

Fed Governor Michelle Bowman stated on Friday that they are seeing a lot of conflicting data in economic conditions. He further noted, the Fed has “A long way to go to get inflation back down to our goal."


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