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Shifting correlations are a problem for investors. says Morgan Stanley.
The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for February at 13:30 GMT. Volatility around the US Dollar (USD) will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s (Fed) path forward on interest rates, especially after the crisis in the Middle East revived concerns over rising inflation.What to expect from the next Nonfarm Payrolls report?Investors expect NFP to rise by 59K following the impressive 130K increase recorded in January. The Unemployment Rate is expected to remain unchanged at 4.3%, while the annual…
Oil rallied Thursday, with U.S. prices climbing above $80 for the first time in over a year, following a report that Iran attacked a U.S. oil tanker in the Persian Gulf.
The number of United States (US) citizens submitting new applications for unemployment insurance was 213K for the week ending February 28. The latest print came in lower than initial estimates (215K) and at the same level as the previous week’s revised 213K, according to the US Department of Labour (DOL) report released on Thursday.Additionally, the 4-week moving average decreased by 4,750, bringing it to 215.75K from the revised 220.5K prior reading.The report also indicated that Continuing Jobless Claims increased by 46K to 1.868M for the week ending February 21.Market Reaction:The US Dollar (USD) reclaimed some ground, with the US Dollar…
Charter rates nearly doubled in recent days and are up fivefold since the start of the year.
The Federal Reserve’s (Fed) March 2026 Beige Book, based on data collected through February 23, showed mixed economic conditions. Seven of twelve districts reported slight to moderate growth, but the number of flat or declining districts rose from four to five. Despite this, most districts held optimistic expectations for slight to moderate growth ahead.On the cost side, prices rose moderately across most districts, with eight seeing moderate increases and four reporting slight or modest gains. Wages grew at a modest or moderate pace in most districts amid ongoing competition for workers.Beige Book highlightsWages rose at a modest or moderate pace…
TOPSHOT – A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China’s eastern Jiangsu province on December 24, 2025. (Photo by AFP via Getty Images) / China OUTStr | Afp | Getty ImagesThis year’s hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They’re still up more than 16% this year. Silver prices tumble:…
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.According to CNN, US Secretary of State Marco Rubio confirmed that all personnel were safe after a drone struck the grounds of the US consulate in Dubai. The US had earlier shut its embassies in Saudi Arabia, Kuwait, and Lebanon, urging Americans to leave certain countries in the region. Meanwhile, Israeli forces launched a new ground operation in southern…
You may have opportunities to optimize for short-term volatility, financial planners told MarketWatch.
Nomura’s European rates team notes that higher Oil prices and stronger UK data have turned the Bank of England’s March decision into a close call. They still forecast a 25 bps cut in March and another in June, but stress that incoming data and the evolution of Middle East risks and energy prices will be crucial.BoE weighs Oil shock and data”The key question for the BoE is whether the potential inflation impact of higher oil prices will prevent a March rate cut. Market pricing has moved markedly from over 21bp for a March cut last Friday to only around 13bp…