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US100Cash

Analysis

Analysis - 7 hours ago

Fed rate pause, Nvidia disappointment weigh on Wall Street - Stock Markets

Nvidia earnings fail to re-energize Wall Street bullsFed’s December rate cut hangs in the balanceGeopolitical risks also keep positive sentiment in checkNvidia beats earnings expectationsAI darling, Nvidia, delivered stellar earnings results on Wednesday after the market close, beating both revenue and earnings per share forecasts. The company also issued fourth quarter guidance that was above analysts’ estimates.However, investors had clearly set even higher expectations as the stock fell i
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Analysis - 2 days ago

Daily Comment – Geopolitics dictates market sentiment, but dollar fails to benefit

Geopolitics in the spotlight, gold gainsDollar fails to benefit from the risk-off reactionStocks slightly in the green, as markets await Nvidia earningsPound gains after CPI report; bitcoin reaches $94,000It almost feels like the Cold War againDevelopments in the Ukraine-Russia conflict are monopolizing the markets' interest, as the first usage of long-range US missiles prompted a quick revision of Russia’s nuclear weapons doctrine.
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Analysis - 2 days agoNeutral

Technical Analysis – US 100 index awaits fresh direction

US 100 index slides below 20-day EMA, but remains supportedTechnical indicators reflect uncertainty among tradersThe US 100 stock index has recently pulled from a record high of 21,230 to set a footing near the 23.6% Fibonacci retracement of its August-November uptrend at 20,288. Despite its retreat, the index seems well-supported and market sentiment is currently in a holding pattern.The 20-day exponential moving average (EMA) has again resumed its resistance role, capping the index within a ti
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Analysis - 3 days ago

Daily Comment – Stocks cautiously edge up amid geopolitical and inflation risks

Softer yields lift stocks despite Ukraine fears and rate cut doubtsGold extends rebound, oil also higher in choppy tradingDollar on the backfoot amid lack of direction as yen firmsStocks rebound but struggle for momentumEquity markets were in a perky mood on Tuesday as a recovery on Wall Street helped Asian stock markets advance, although European shares were more mixed.
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Analysis - 1 week ago

Daily Comment – Wall Street loses more steam as Powell not in a hurry to cut rates

US stocks set for weekly loss as Powell adds to Fed’s hawkish soundbiteBut dollar unable to hit fresh highs; US retail sales eyed nextYen firms after verbal intervention; euro also reboundsDecember cut in doubt after Powell commentsFed rate cut expectations were dramatically pared back on Thursday after Fed chief, Jerome Powell, rounded up the week’s hawkish rhetoric by adding to the sense of caution about the pace of easing.
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Analysis - 1 week ago

Wall Street’s post-election rally loses some steam – Stock Markets

US major indices end 5-day rally as profit taking sets inBut bullish structure remains firmly in placeFocus on Trump’s cabinet ahead of Nvidia earnings‘Trump trade’ in full swingUS voters may have given Donard Trump a resounding yes, but investors gave their own thumbs up to the incoming Republican administration by pushing shares on Wall Street to all-time highs.
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Analysis - 1 week ago

Markets return to a low-volatility environment after the US election – Volatility Watch

Euro/dollar volatility has eased aggressivelyVolatility has dropped to monthly low in both gold and silverStock indices experience a significant decline in volatilityEuro/dollar volatility has eased significantly, as market participants have reacted favourably to both the outcome of the US presidential election and the absence of the post-election shenanigans seen in 2020. The dollar has strengthened over the past week with the euro suffering the most.
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Analysis - 1 week agoNeutral

Technical Analysis – Has the US 100 index rally run its course?

US 100 index trades a tad below its all-time highThe US election rally appears to have fizzled outMomentum indicators remain bullish at this stageThe US 100 cash index is moving sideways again today, as the rally since the US presidential election date appears to have concluded. A new all-time high has been recorded, but the bulls have failed, up to now, to push the US 100 index above the long-term January 6, 2023 trendline. Market participants are probably taking a breather and preparing for
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Analysis - 2 weeks ago

Daily Comment – Dollar pauses rally ahead of Fed, BoE meets as well

Dollar traders take a breather as Fed decision loomsFocus to fall on how likely a pause is in coming monthsBoE expected to cut, could take the sidelines in DecemberWall Street continues to celebrate Trump’s winWill the US election outcome impact Fed policy?After hitting a four-month high on the heels of Donald Trump’s return to the White House, the dollar is pulling back today, as traders may have decided to lock some profits after the sharp rally and ahead of the Fed decision later today.Wi
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Analysis - 2 weeks ago

Volatility remains high as US voters elect a new president – Volatility Watch

Euro/dollar volatility climbs to a new monthly highVolatility remains very elevated in both gold and silverStock indices experience a jump in volatilityEuro/dollar volatility has climbed to a new 30-day high, as market participants are preparing for the US presidential election and Thursday’s Fed meeting. This heightened volatility is being observed across the FX space, including in the yen pairs.
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Analysis - 3 weeks ago

Tech rally turns to selloff ahead of NFP and US election - Stock Markets

S&P 500 headed for second weekly dip as gains turn to lossesNasdaq pulls back from record highs as AI jitters returnApple earnings add to outlook worries but Amazon impressesTech rally stumblesIt’s been a turbulent week for Wall Street as, despite a positive start, renewed concerns about excessive spending on artificial intelligence (AI) dragged Big Tech stocks lower mid-week.
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Analysis - 3 weeks ago

Daily Comment – Wall Street lifted by earnings as election jitters boost gold

US dollar and gold remain elevated as markets bet on Trump winBut Nasdaq hits record amid optimism about tech earningsSlew of data awaited out of the US and Eurozone, UK budget also eyedUS election angst still driving sentiment  Growing anxiety about the US presidential election continued to set the market mood on Wednesday, with Republican candidate Donald Trump extending his gains in the polls.
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Analysis - 3 weeks agoNeutral

US 100 index trades sideways ahead of key US data printsIt continues to battle with the October 26, 2023 trendlineMomentum indicators are less bullish at this stageThe US 100 cash index is moving sideways again today, as market participants are preparing for this week’s key US data releases and earnings reports. The bullish trend since the August 5 low remains firmly in place, supported by a series of higher highs and higher lows, with the October 26, 2023 ascending trendline proving to be str
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Analysis - 4 weeks ago

Nasdaq 100 braces for a huge US data week - Stock Markets

Nasdaq 100 loses some ground after six-week bullish streakMagnificent Seven report earnings, US data to adjust rate cut estimatesNasdaq 100 Weekly PerformanceThe Nasdaq 100 is set to finish the week mildly lower by 0.46%, breaking a six-week non-stop rally as with the other major US indices. Despite flying back above the 20,000 level though, it could not surpass July’s all-time high of 20,690, raising speculation about whether the slight technical pullback could develop into something ugl
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Analysis - 4 weeks ago

Daily Comment – Tensions remain high in equities

Strong US data is not welcomed by equitiesBusy calendar today but markets are already focusing on next weekJapan holds election on Sunday; the outcome could surpriseBoJ and yen could suffer from a hung parliament Data reconfirm the strength of the US economyYesterday’s PMI surveys release was a stark reminder that the US presidential election is not the sole market-moving factor.
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Analysis - 4 weeks agoNeutral

Volatility remains elevated in FX space and commodities – Volatility Watch

Euro/dollar volatility reaches new 30-day highVolatility in both gold and silver jumpsStock indices continue to experience average volatilityEuro/dollar volatility has climbed to the highest level of the past month, as the ECB delivered its much-expected rate cut and the discussion about the November Fed meeting is underway. But more importantly, the market is preparing for the November 5 US presidential election.
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Analysis - 1 month agoBullish

US 100 index maintains buying interestBulls need a close above 20,550-20,680Bears wait below 20,000   The US 100 index continues to hover above the key 20,000 level, following a pullback from a three-month high of 20,499 on Monday, signaling that buying interest is still alive.Technical indicators suggest potential for further gains, with the RSI showing signs of rebound and stochastic oscillators looking for an upside reversal.
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Analysis - 1 month agoNeutral

Daily Comment – US dollar could benefit from an unexciting ECB meeting

ECB meets but unlikely to reverse euro’s recent trendBoth the dollar and US stocks are in a good moodNetflix reports today after TSMC's massive profit jumpGold and bitcoin in demand, oil craves a bullish catalystEuro's suffering continues as ECB meetsThe euro remains on the back foot as it continues to underperform the dollar. The pair has dropped to the lowest level since August 2 with October shaping up to be the weakest month for euro/dollar since May 2023. This dollar outperformanc
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Analysis - 1 month agoNeutral

Daily Comment – Stocks under pressure by chipmakers, pound slips on CPI drop

Chip stocks hit by selloff after ASML cuts 2025 guidanceDollar stretches gains as pound and kiwi fall on lower inflationOil steadier amid ongoing ME drama, gold heads towards fresh recordChip and AI stocks take a diveEquity markets suffered a setback on Tuesday after Dutch semiconductor giant, ASML, sparked panic about the demand outlook for chips when it accidentally published its earnings report a day early.
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Analysis - 1 month agoNeutral

Volatility eases slightly as the risk on sentiment lingers – Volatility Watch

Euro/dollar volatility is very close to the last 30 days’ highVolatility in commodities remains elevatedStock indices experience above average volatility Euro/dollar volatility remains very high, close to the highest level of the past month, as the US dollar continues to rally following a series of strong US data and some hawkish Fedspeak. Interestingly, the volatility of yen crosses has crashed across the board, with the yen surrendering another good part of its recent sizeable gains on th
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