All Articles Tagged - US100cash

Daily Market Comment – Dollar reclaims safe-haven status as recession fears intensify

Posted on April 6, 2023 at 7:59 am GMT

ISM non-manufacturing PMI disappoints, adding to downturn risks Dollar gains despite Treasury yields extending their slide Gold maintains ‘safe haven of choice’ status S&P 500 extends slide, but not enough to change the bigger picture Dollar takes safe-haven suit out of the closet The US dollar rebounded versus all but two of its major counterparts on Wednesday, losing ground against the Japanese yen and the New Zealand dollar, which continued to benefit from the RBNZ decision. The fact that the [..]

Daily Market Comment – OPEC supply cut boosts oil prices, helps dollar recover

Posted on April 3, 2023 at 9:18 am GMT

Surprise production cut from OPEC propels oil prices higher Dollar benefits as resurfacing inflation concerns fuel Fed bets Stocks close first quarter in euphoric mood, riding liquidity wave OPEC surprise Oil prices shot higher to enter the new week, supercharged by a surprise announcement that OPEC+ will slash its production. The cartel and its allies said crude supply will be trimmed by 1.16 million barrels per day from May onwards, helping restore some balance in a market that has been [..]

Daily Market Comment – Dollar trades mixed, awaits PCE inflation data

Posted on March 30, 2023 at 7:54 am GMT

Dollar trades mixed against the other majors PCE numbers and Fed speakers could reshape Fed bets Germany’s CPI data due out a day ahead of Eurozone’s inflation numbers Wall Street indices add more than 1% worth of gains each Dollar awaits the PCE inflation numbers for direction The dollar traded mixed against the other major currencies on Wednesday, finding it hard to assume a clear direction today as well. The dollar recovered some of its recent losses on Wednesday, as [..]

Daily Market Comment – Stocks advance, gold retreats as banking fears subside

Posted on March 27, 2023 at 8:42 am GMT

Calmer tones return to global markets after weekend banking deal Stock markets edge higher, gold loses some of its safe-haven appeal Major currencies trade in narrow ranges, except for the Japanese yen Markets in better mood A sense of calm has returned to global markets after a double-barreled dose of good news on the US economy and financial sector. Renewed concerns around the durability of the banking system plagued trading on Friday, with bank shares in Europe getting battered as [..]

Daily Market Comment – Dollar slides as Fed hints at pause; BoE up next

Posted on March 23, 2023 at 9:18 am GMT

Fed hikes by 25bps, opens the door to a pause Dollar slides across the board Wall Street falls on Powell and Yellen remarks SNB delivers double hike, BoE to proceed with 25bps Dollar tumbles as Fed hints hikes are nearing end The dollar traded lower yesterday and continued falling today as, despite delivering another 25bps hike, the Fed hinted that it is on the verge of pausing due to the recent turbulence in the banking sector. Instead of noting that [..]

What’s the outlook for US stock indices? – Stock Market News

Posted on March 22, 2023 at 3:08 pm GMT

US stock markets have experienced major swings in 2023 especially after cracks appeared in the US banking sector, which were also evident in Europe. As a consequence, markets revised their projections concerning global interest rate levels to the downside, expecting that central banks will eventually back down in the face of a severe recession. Hence, the focus turns to the Fed’s policy decision on Wednesday, which will likely affect each index differently. Nasdaq smiles while Dow Jones cries After a [..]

Daily Market Comment – Gold loses steam, stocks recover as banking storm eases

Posted on March 21, 2023 at 10:11 am GMT

Nerves around banking sector recede for now, as traders bet on Fed cuts Gold loses some of its safe-haven appeal, stock markets bounce back Dollar remains under pressure, unable to capitalize on market turbulence Fed bets help calm nerves It’s been a wild month for global markets, with regulators turning into firefighters to extinguish the stress in the banking system and prevent it from burning the real economy. The Fed rolled out an emergency lending program for troubled banks, the [..]

Daily Market Comment – Banking turmoil keeps sentiment fragile; investors want the Fed to pivot

Posted on March 20, 2023 at 8:53 am GMT

Banking fears persist despite contingency plans Yen gains as equities and bond yields slide Fed is seen pausing and initiating rate cuts Gold skyrockets above $2,000, oil falls to 15-month low Flight to safety continues on banking contagion fears The US dollar underperformed against all the other major currencies on Friday, with the safe-haven yen taking the most advantage of its weakness. Although the dollar rebounded somewhat today, it remains on the back foot against its Japanese peer. Despite the [..]

Daily Market Comment – Dollar gains as panic returns, ECB meets amidst banking crisis

Posted on March 16, 2023 at 9:15 am GMT

The dollar and the yen Wednesday’s main gainers Franc and euro lose the most ground on Credit Suisse fallout ECB decides on interest rates, with investors split on hike size Wall Street pares loses, but concerns remain Investors seek safety as Credit Suisse sparks more fears The dollar strengthened against all but one of the other major currencies on Wednesday. It lost ground only against the yen, as market participants entered panic mode again after Credit Suisse’s largest shareholder said [..]

Daily Market Comment – Dollar slides on Chinese data, euro awaits inflation numbers

Posted on March 2, 2023 at 9:25 am GMT

Dollar slips as Chinese PMIs spark risk-on mood But pares losses after ISM manufacturing PMI data Euro traders await Eurozone inflation numbers Rising Fed hike bets hurt Wall Street Dollar drops on China PMIs, but Fed hike bets increase on ISM PMI The US dollar traded lower or unchanged on Wednesday, losing the most ground against the kiwi, the euro and the aussie in that order. Today, it is in a recovery mode against all the other majors. The greenback [..]

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