All Articles Tagged - US100cash

Wall Street storms higher – Bear rally or trend reversal? – Special Report

Posted on November 17, 2022 at 10:59 am GMT

Stock markets staged a fierce comeback in the past month, emboldened by hopes that inflation has started to lose its kick and China is about to relax its covid strategy. Those are steps in the right direction, but fall short of signaling a trend reversal. Most leading indicators point to a recession that is yet to come, valuations remain stretched, and earnings estimates are still too rosy. The storm is probably not over yet. Markets party After a bruising year, [..]

Daily Market Comment – Dollar extends slide after PPI data, does not stabilize on geopolitics

Posted on November 16, 2022 at 9:35 am GMT

US PPI numbers support the case of a less aggressive Fed Missile blast in Poland kills two near border with Ukraine Asian stocks slide, but US futures point to higher open on Wall Street UK inflation surges by a full percentage point in October Dollar slides as PPI numbers support slower Fed hikes The US dollar continued trading lower throughout most of Tuesday, finishing the day down against all but one of the other major currencies, despite a late rebound [..]

Daily Market Comment – Dollar resumes slide, pound awaits CPI data and budget

Posted on November 15, 2022 at 9:19 am GMT

Dollar under pressure after Brainard’s comments Pound traders turn gaze to inflation and fiscal agenda Wall Street closes in the red despite gains elsewhere Dollar comes back under pressure The US dollar traded higher against all but two of the other major currencies on Monday, helped by remarks from Fed Governor Christopher Waller, who warned that the Fed would not “soften” its fight against inflation, although they may consider slowing the pace of their future rate increases. That said, the [..]

Daily Market Comment – Dollar skids as midterm results and inflation data loom

Posted on November 9, 2022 at 9:37 am GMT

Midterm votes counted so far point to political gridlock Dollar extends slide, inflation data the next test Wall Street ends Election Day higher Dollar extends slide on prospect of Republican-led House The US dollar lost further ground against its major peers on Tuesday. It seems that investors continued to weigh the prospect of slower rate increases by the Fed as they await results of the US midterm elections and the US inflation data. According to the Fed funds futures, they [..]

Daily Market Comment – Dollar stays in corrective mode ahead of US midterm elections

Posted on November 8, 2022 at 9:18 am GMT

Investors lock gaze on midterms as gridlock looms Dollar may slide, but reversal discussion remains premature Equities could cheer political stalemate Democrats set to lose control of Congress The US dollar continued to slide against every other major currency on Monday, still feeling the heat of a rising unemployment rate and remarks by four Fed officials who said that they would consider a smaller rate hike at their next gathering. That said, the greenback found a steadier footing today, recouping [..]

Daily Market Comment – Powell lifts the dollar; BoE takes the central bank torch

Posted on November 3, 2022 at 9:31 am GMT

Fed hints slower hikes, but Powell says rates will go higher Dollar gains, Wall Street falls as investors lift terminal rate BoE expected to hike by 75bps, biggest increment since 1989 Fed Chair Powell appears in hawkish suit Thursday was a resurrection day for the US dollar, which finished the day higher against all the other major currencies and continued marching upwards today as well. The driver was Fed Chair Jerome Powell, who appeared more hawkish than expected, especially after [..]

Daily Market Comment – Investors lock gaze on Fed decision

Posted on November 2, 2022 at 9:07 am GMT

Fed to hike by 75bps, attention to fall on language Market split on December hike, even after JOLTS upside surprise EU and Asian equities gain, Wall Street slides Will the Fed confirm hopes of slower tightening? The dollar traded mixed against the other major currencies on Tuesday but came under some broad-based selling today, with investors hoping that Fed Chair Powell and his colleagues will hint at slower rate increases when they announce their monetary policy decision later today. The [..]

Daily Market Comment – Dollar slides and equities extend gains on bets for less hawkish Fed

Posted on October 26, 2022 at 8:30 am GMT

Dollar slides as US data disappoints Pound gains on Sunak’s pledges, Aussie up on CPIs Wall Street adds to gains on bets of slower Fed hike pace Dollar loses more ground on less aggressive Fed hopes The US dollar underperformed against all the other major currencies on Tuesday as weak data added to hopes that the Federal Reserve may need to slow its aggressive pace of interest rate hikes. US single-family house prices fell sharply for the second consecutive month [..]

Daily Market Comment – Wall Street breaks winning streak as Treasury yields rise

Posted on October 20, 2022 at 8:36 am GMT

Rising Treasury yields weigh on stocks US dollar outperforms all the other majors Canadian inflation data beats forecast Wall Street in the red as yields hit fresh multi-year highs Wall Street closed in the red on Wednesday, breaking its two-day winning streak due to rising Treasury yields and weakness from earnings losers such as Abbott Laboratories more than offsetting strong gains from earnings winners like Netlix. The yield on the 10-year Treasury note hit a 14-year high of 4.18% and [..]

Technical Analysis – US 100 rebounds from near 11035, but still in a downtrend

Posted on October 18, 2022 at 1:34 pm GMT

The US 100 cash index rebounded from 11035 last Thursday, with the recovery accelerating this week. That said, the index remains well below the downside resistance line drawn from the high of December 28, as well as below all the plotted exponential moving averages, which keeps the broader outlook negative. The RSI and the MACD point to weakening downside momentum, which means that some further recovery may be on the cards before the bears take the upper hand again. The [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US100cash

XM Live Chat