GCC markets might not have read the memo about the US Fed's dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively. Liquidity is poor towards year end, but the direction seems…
GCC markets might not have read the memo about the US Fed's dovish hike. The 1 year and 2 year swaps moved higher yesterday towards 1.86 and 2.14% respectively.
Liquidity is poor towards year end, but the direction seems clear. A solid USD typically indicates low oil prices and indeed this is exactly manifested yesterday.
"Clearly markets remain anxious about the impact of low oil prices and the strong USD upon the USD-SAR peg... Investors can expect swap rates to continue grinding higher and forward markets to edge higher also", says Commerzbank. Add to Anti-Banner
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
