All Articles Tagged - US100cash

Technical Analysis – US 100 index under pressure

Posted on September 4, 2024 at 8:35 am GMT

US 100 index drops, reversing the August rally Nvidia woes keep sentiment negative Momentum indicators are turning bearish The US 100 cash index is in the red again today, trading back below the 100-day simple moving average (SMA) and having surrendered half of its August gains. Nvidia’s underperformance is keeping the index under pressure with the market preparing for this week’s key US labour market data releases and counting down to the September 18 Fed meeting. The momentum indicators are gradually [..]

Daily Comment – Dollar gains amid adjusted Fed rate cut bets

Posted on September 2, 2024 at 8:10 am GMT

PCE inflation holds steady, 50bps cut less likely Euro slips as Eurozone inflation drops to lowest in three years Wall Street gains on soft-landing hopes Traders scale back Fed rate cut bets as NFP week begins The US dollar finished last week on a strong footing, gaining against all its major counter parts on Friday, with market participants somewhat scaling back their Fed rate cut bets. The total number of basis points worth of reductions by the end of the [..]

Technical Analysis – US 100 index sits at key level

Posted on August 23, 2024 at 8:51 am GMT

US 100 index exhibits bearish tendencies but stabilizes near 50-SMA Technical risk is two-sided as Powell prepares for his Jackson hole speech( 14:00 GMT) Bulls hope for a close above 19,880; bears need a drop below 19,350 The US 100 stock index came under pressure on Thursday after a downward revision in the US non-farm payrolls revived fears of a slowing US economy. Fortunately, the 50-day simple moving average (SMA) prevented a further decline below 19,520, but the clear bearish engulfing candlestick [..]

Volatility ebbs as recession fears evaporate – Volatility Watch

Posted on August 20, 2024 at 10:45 am GMT

Besides EUR/USD, FX volatility subsides as markets digest rate path repricing Volatility in precious metals is still high, but oil enters calmer waters Stock indices and Bitcoin volatility at their bottom of their 30-day range Recession concerns from a weaker-than-expected July NFP report have been fading, though they led to notable adjustments in expectations about major central banks’ interest rate paths. This week, investors are focused on Jerome Powell’s Jackson Hole speech, anticipating insights on the Fed’s view on the current economic conditions and prospective rate [..]

Market Comment – Dollar under pressure ahead of Jackson Hole Symposium

Posted on August 20, 2024 at 7:54 am GMT

Stocks in the green again as investors await the Jackson Hole gathering Economists look for strong Fed easing in 2024 despite recession talk dissipating Dollar remains on the back foot against most currencies Aussie fails to benefit from hawkish minutes; loonie could suffer from weak CPI Stocks still in the green Stocks continue to enjoy green sessions as the market is counting down to Friday’s Jackson Hole speech by Fed Chairman Powell. Expectations for a dovish appearance are keeping equities [..]

Market Comment – Euro/dollar in critical area as the Jackson Hole Symposium nears

Posted on August 19, 2024 at 7:34 am GMT

Stocks record strong weekly gains as the first Fed rate cut gets closer Markets are gradually preparing for the Jackson Hole gathering Euro/dollar trades within a critical resistance area Gold in demand as geopolitics generate headlines Stocks rally, enjoy the mixed US data Markets continue to recover after the recent rout, with US equities finishing last week with strong gains. More specifically, the Nasdaq 100 index led the rally with a 5.4% weekly rise as the three main US stock indices simultaneously [..]

Was the recent stock market slump an overreaction? – Stock Markets

Posted on August 14, 2024 at 1:34 pm GMT

US indices took a hit after a soft NFP report sparked recessions fears But risk sentiment rebounded, and investors eagerly bought the dip What events may disrupt the market’s supposed immunity to downside risks? V-shaped recovery July’s softer-than-expected NFP report sent shockwaves across all asset classes as fears that the US economy is on the brink of a recession emerged. The CBOE Volatility Index (VIX), Wall Street’s fear gauge, surged to levels last seen during the pandemic, while even safe havens tanked due [..]

Market anxiety fades but volatility remains high – Volatility Watch

Posted on August 13, 2024 at 11:22 am GMT

FX volatility smoothens a little bit as markets digest rate path repricing Volatility in commodities still high amid resurgence of geopolitical tensions Stock indices and Bitcoin still volatile while traders unwind bearish bets Recession concerns from a weaker-than-expected NFP report two weeks ago have been fading, though they led to notable adjustments in expectations about major central banks’ interest rate paths. For that reason, volatility in FX pairs has been elevated, albeit a tad softer than last week. The yen crosses remain the most volatile as the BoJ has scrapped [..]

Market Comment – Has the recent market angst fizzled out?

Posted on August 12, 2024 at 8:10 am GMT

Improved market sentiment, Nasdaq 100 records weekly increase Yen holds recent strong gains as euro/dollar trades sideways today Rich data calendar this week, US CPI to dictate Fedspeak Gold and oil rally as Iran is expected to attack Israel Mood improves, yen maintains gains Despite the massively negative market sentiment at the beginning of last week, most stock indices managed to cover their weekly losses with the Nasdaq 100 actually closing in the green on a weekly basis. The Nikkei [..]

Technical Analysis – US 100 index shifts to the sidelines

Posted on August 6, 2024 at 3:27 pm GMT

US 100 index opens the day in neutral mood Some recovery likely but outlook could stay cloudy below 18,822 Earnings season continues with Disney’s results on August 7 The US 100 stock index had a boring start to Tuesday’s session, remaining neutral around Monday’s closing price and the 18,100 level. Previously, the price staged a nice rebound near the 2023-2024 support trendline and bounced back above its 200-day SMA, increasing optimism that the bulls could soon take over [..]

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