Copper and silver futures in New York surged above international benchmarks as traders ramped up bets that Mr. Trump would impose steep import tariffs on the two metals. New York Mercantile Exchange (COMEX) front-month silver futures traded at a premium of more than $0.80 an ounce to spot silver prices in London on Thursday, near their December peak. COMEX front-month copper also traded at...
After the release of US economic data, traders increased their bets on the Federal Reserve to cut interest rates next year, and US short-term interest rate futures narrowed earlier losses.
On October 4th, following the strong employment data, traders further bet that the Federal Reserve will continue to cut interest rates by 25 basis points in November and December.
Interest rate options traders have upped their bets that the Federal Reserve will cut rates by 50 basis points this month, reflecting growing speculation that policymakers will act aggressively to prevent the economy from getting into trouble. Swap contracts now give the Fed about a one-in-three chance of cutting rates by 50 basis points this month. Options pegged to the guaranteed overnight funding rate (SOFR) show unpositioned squaring contracts (...
Traders have upped their bets on a rate cut by the Bank of England, favoring the first cut in June.