All Articles Tagged - US100cash

Daily Market Comment – US CPI data enters the limelight, BoE sticks to its guns

Posted on October 13, 2022 at 8:26 am GMT

Dollar up on PPI data, down on Fed minutes Investors lock gaze on US CPI numbers Pound rebounds, but BoE cuts gains short Dollar/yen keeps rising as yen stays helpless Dollar calm after some ups and downs The US dollar traded in a quiet manner during the Asian session today, and although it had some ups and downs yesterday, its broader trend and outlook have barely changed. The greenback received a small boost after data revealed that US producer prices [..]

Daily Market Comment – Pound drops on Bailey’s remarks; Yen flirts with intervention again

Posted on October 12, 2022 at 8:32 am GMT

BoE Gov. Bailey rules out extending bond-buying support Intervention warnings resume as yen tumbles to fresh lows Dollar eases ahead of US inflation data IMF downgrades world growth forecasts, warns of recession Pound falls as Bailey says BoE support program to end Friday The pound was the main loser among the major currencies yesterday, coming under strong selling interest after Bank of England Governor Andrew Bailey warned pension fund managers to end their rebalancing process by the end of the [..]

Daily Market Comment – Stocks slammed by bond market stress

Posted on October 11, 2022 at 8:39 am GMT

Cracks appear in UK bond markets again, sterling resilient so far Nasdaq hits two-year lows as rising yields hammer riskier assets Dollar reigns supreme, Aussie keeps sinking on China worries UK turmoil Another sharp selloff rocked British bond markets this week, reigniting fears of a debt crisis in the world’s fifth largest economy. With investors dumping UK bonds in force again, borrowing costs have spiraled to the highest level since the Bank of England stepped in to ward off a [..]

Daily Market Comment – Equities begin the last quarter on positive note; RBA delivers smaller hike

Posted on October 4, 2022 at 8:32 am GMT

Wall Street rebounds on worse than expected ISM PMI Pound extends recovery on UK government’s U-turn RBA hikes by 25bps, RBNZ takes the torch Gold gains on sliding bond yields Wall Street rebounds, yields slide on ISM PMI miss Equities finished the first trading day of this year’s final quarter on a positive note, with all three of Wall Street’s main indices gaining more than 2% as Treasury yields pulled back on the larger-than-expected slide in the ISM manufacturing PMI. [..]

Daily Market Comment – Pound rebounds on BoE bets; Dow enters bear market

Posted on September 27, 2022 at 8:31 am GMT

Sterling rebounds as traders ramp up BoE bets Rate hike expectations keep hurting equities Oil and gold claw back some losses after hitting new lows Traders expect more than 100bps hike by the BoE The US dollar continued outperforming all its major counterparts on Monday, with the dollar index hitting a fresh 20-year high. Although it eased somewhat during the Asian session today, its broader uptrend remains intact with its tank being fueled by two pumps: an ultra-hawkish Fed and [..]

Is the US stock market headed for new lows? – Special Report

Posted on September 22, 2022 at 2:08 pm GMT

Stock markets have taken heavy damage this year, suffering at the hands of rapidly rising interest rates. Valuations have compressed but are still not cheap enough to lure in bargain hunters, and there is a clear risk that earnings estimates are revised lower as the data pulse slows, especially in Europe and China. While this could spell more trouble for equities, investors should not lose sight of the big picture – every crisis passes. Fed hangover For more than a [..]

Technical Analysis – US 100 index consolidates ahead of FOMC meeting

Posted on September 21, 2022 at 8:35 am GMT

The US 100 stock index (cash) has been experiencing a steep decline in the short term, which was bolstered by the hotter-than-expected August CPI inflation report. Nevertheless, the index has been trading sideways in the last few sessions, probably awaiting the September FOMC meeting to provide fresh directional impetus. The short-term oscillators currently suggest that near-term risks are tilted to the downside. Specifically, the MACD histogram is retreating further below both zero and its red signal line, while the RSI [..]

Daily Market Comment – Dollar stands tall ahead of upcoming Fed decision, equities resume slide

Posted on September 16, 2022 at 8:49 am GMT

Dollar stays strong as bets of 100bps Fed hike remain on table US retail sales rebound, initial jobless claims fall Equities resume drop on hike bets and rising recession fears Oil slides on agreement to avert a rail strike Investors maintain bets of a 100bps Fed hike The US dollar stood tall against most of the other major currencies on Thursday and during the Asian session Friday, with traders maintaining their bets with regards to an even more aggressive Fed [..]

Technical Analysis – US 100 index finds support after big plunge

Posted on September 14, 2022 at 3:30 pm GMT

The US 100 stock index (cash) lost more than 5.0% in one day on Tuesday after getting rejected near the descending trendline drawn from December 2021. The 38.2% Fibonacci retracement of the 2020-2021 uptrend at 12,896 capped earlier flash spikes as well. The price is currently hovering near the familiar 12,000 support zone as the momentum indicators are warning that the bears are still in town. Despite pointing slightly up today, the RSI keeps fluctuating below its 50 neutral mark. On the [..]

Daily Market Comment – Dollar smashes yen as forceful Fed bets increase

Posted on September 7, 2022 at 8:47 am GMT

ISM PMI beats estimates, dollar/yen accelerates rally Wall Street returns wounded after holiday BoC to hike by 75bps, focus to fall on future moves ISM non-manuf. PMI reinforces aggressive Fed narrative After taking a breather on Monday, the US dollar recharged again yesterday, with dollar/yen skyrocketing to levels last seen 24 years ago. What added fuel to the greenback’s tank may have been the better-than-expected ISM non-manufacturing PMI. Instead of sliding, the index rose further, reinforcing the view that the [..]

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