All Articles Tagged - US100cash

Daily Market Comment – Yen tumbles on BoJ decision, US data enters the limelight

Posted on January 18, 2023 at 9:19 am GMT

Yen falls as BoJ defies bets for more policy tweaks US retail sales and PPI data the dollar’s next test Wall Street at the mercy of data and earnings Yen tumbles as BoJ keeps yield control policy untouched The protagonist in the first chapter of today’s FX episode is the Japanese yen, which came under strong selling interest after the Bank of Japan stuck to its ultra-loose monetary policy, disappointing expectations that it could further tweak its yield curve control [..]

Daily Market Comment – Dollar dips ahead of NFPs, euro awaits inflation data

Posted on January 5, 2023 at 9:21 am GMT

Fed minutes show officials unwilling to cut rates in 2023 Dollar traders lock gaze on US employment report Eurozone inflation numbers enter the limelight as well Dollar trades lower even as minutes confirm hawkish Fed The US dollar traded lower against all but one of the other major currencies on Wednesday, with the exception being the yen. The currency that gained the most ground was the risk-linked aussie, which may have benefited from news that China allowed the resumption of [..]

Technical Analysis – US 100 index shows encouraging signs

Posted on January 3, 2023 at 10:42 am GMT

The US 100 stock index (cash) opened the new year with a gap higher at 11,050, with the bulls aiming to cross the 2022 crucial dashed trendline that resumed its resistance role last week. The technical picture is showing signs of improvement. First of all, a triple bottom pattern seems to be in progress around 10,680, flagging a potential bullish trend reversal. In short-term signals, the positive slope in the RSI and the stochastic oscillator is an encouraging sign that upside pressures may persist [..]

Daily Market Comment – Dollar and equities end 2022 on the back foot

Posted on January 2, 2023 at 9:30 am GMT

Dollar stays pressured even as yields rise ISM PMIs and NFPs on this week’s agenda Wall Street feels the heat of rising yields and recession fears Oil finishes 2022 with gains Investors push yields higher, but not the dollar The US dollar ended the last trading day of 2022 on the back foot against most of the other major currencies, despite US Treasury yields rising further. It rebounded somewhat today. The 10-year yield has been in a recovery mode since [..]

Technical Analysis – US 100 index returns to the red zone

Posted on December 22, 2022 at 4:29 pm GMT

The US 100 stock index (cash) saw its fortunes diminish after the aggressive pullback from the upper resistance trendline at 12,200. Its failure to climb back above the nearby dashed trendline at 11,270 added more clouds to the market today. While the clear negative trajectory in the RSI and the MACD justifies the current bearish mood, the oversold signals coming from the stochastics provide a ray of hope that a rebound could be possible. This optimism may evaporate if the index [..]

Stock market outlook 2023: Will the bears strike back? – Special Report

Posted on December 21, 2022 at 7:40 am GMT

Equity markets suffered a bruising year, crushed under the boot of rising interest rates and fading government spending. This weakness could extend into next year, as US valuations remain expensive by historical standards and leading economic indicators suggest a recession is a real possibility, spelling downside risks for corporate earnings. The good news is that every crisis passes, and any serious selloff might simply offer long-term investors more attractive entry points. Inflation vs recession It’s been a troublesome year for [..]

Daily Market Comment – Dollar starts busy week on strong footing

Posted on December 12, 2022 at 9:16 am GMT

Dollar up as producer prices rise by more than expected CPI numbers and Fed decision the greenback’s next tests Wall Street ends Friday session in the red ECB and BoE on the agenda as well Dollar rebounds after upside surprise in PPI data The US dollar entered the new week on a strong footing, outperforming most of the other major currencies. Perhaps market participants decided to enter some long positions, or liquidate some shorts, after Friday’s data showed that US [..]

Daily Market Comment – Dollar tumbles as Powell appears less hawkish than expected

Posted on December 1, 2022 at 9:15 am GMT

Powell appears less hawkish than he did at the latest Fed meeting Dollar records its worst month in 14 years Wall Street rallies, Nasdaq gains the most Eurozone inflation slows by more than forecast Dollar falls sharply after Powell fails to push back against pivot bets The US dollar tumbled against all the other major currencies on Wednesday and continued to drift south today after Fed Chair Powell failed to sound as hawkish as expected. The Fed Chief confirmed the [..]

Daily Market Comment – Dollar pulls back as markets prepare for Powell’s speech

Posted on November 30, 2022 at 9:24 am GMT

Dollar pulls back as investors await Fed Chair Powell Powell likely to push back on policy pivot Eurozone inflation data also under the limelight Dollar eases from one-week high ahead of Powell’s speech The US dollar traded mixed against the other major currencies on Tuesday, while it came under some broader selling pressure today. Following the recovery in risk appetite after Chinese authorities revived hopes that the world’s second largest economy could start easing its COVID-related restrictions, investors may have [..]

Daily Market Comment – Dollar slides and Wall Street rises after Fed minutes

Posted on November 24, 2022 at 9:39 am GMT

Fed minutes show that officials agreed on slower rate hikes Dollar extends slide against all other major currencies Wall Street adds to gains ahead of Thanksgiving Oil prices slip on price cap talks Dollar slides as Fed minutes reveal concerns about overshooting The US dollar extended its slide yesterday and kept drifting south during the Asian session today, with investors liquidating more of their long positions after the Fed released the minutes of its latest gathering. The minutes revealed that [..]

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