All Articles Tagged - US100cash

Daily Market Comment – Financial world locks gaze on US employment data

Posted on September 2, 2022 at 8:11 am GMT

Dollar hits 20-year high ahead of the NFPs Strong report could justify aggressive Fed hikes Yen, euro lose the most; loonie takes the first place Dollar climbs higher as data support forceful Fed The US dollar continued flexing its muscles against all but one of the other major currencies on Thursday and during the Asian trading session Friday, with the dollar index hitting a 20-year high. Dollar traders kept adding to bets for another triple hike by the Fed at [..]

Daily Market Comment – Eurozone inflation closer to double digits, dollar reclaims its crown

Posted on September 1, 2022 at 7:59 am GMT

Record Eurozone inflation corroborates a 75bps hike Fed’s Mester gives the dollar its crown back Equities slide on the back of stronger dollar, yields rise Euro holds steady as inflation hits new record The US dollar reclaimed its throne on Wednesday, outperforming all the other major currencies. Yet, the euro held its own against its US counterpart, losing the least ground as Eurozone inflation accelerated to a new record high of 9.1% year-over-year, surpassing economists’ expectations of 9.0%. With inflation [..]

Daily Market Comment – Euro sustains a close above parity ahead of inflation data, equities keep falling

Posted on August 31, 2022 at 8:50 am GMT

Euro/dollar above parity ahead of Eurozone inflation data Equities stay wounded as central banks show more teeth Canada’s GDP to add to the case of a 75bps hike by the BoC ECB remarks and natural gas setback hoist euro The euro was the main gainer against all the other major currencies in the last 24 hours, with king dollar settling in second place. Concerns expressed by several ECB rate-setters over its depreciation, their willingness to take rates higher than previously [..]

Daily Market Comment – Inflation slowdown knocks US dollar, sends stocks flying

Posted on August 11, 2022 at 8:29 am GMT

US inflation slows by more than expected, traders unwind rate hike bets Dollar retreats, stock markets party, but bonds and gold not buying it Disney reports decent earnings, producer price data coming up next Cooling down Expectations that inflation in America may have peaked already went into overdrive yesterday following a cooler-than-expected CPI reading. Consumer prices were flat in July from the previous month, with declines in energy products and used cars neutralizing increases in food and rents. A sense [..]

Technical Analysis – US 100 index flatlines between key boundaries

Posted on August 9, 2022 at 9:02 am GMT

The US 100 stock index (cash) added more credence to its ongoing bullish wave after setting a strong foothold around June’s ceiling of 12,896 at the end of July, where the 38.2% Fibonacci retracement of the 6,634 – 16,767 upleg and a broken resistance line are also positioned. Some discomfort, however, seems to be growing as the index is flatlining just after touching the tentative descending trendline from December. The RSI and the Stochastics have recently pivoted southwards near their overbought [..]

Daily Market Comment – Dollar cools off, stocks rally as Fed signals slower hikes

Posted on July 28, 2022 at 9:21 am GMT

Fed raises rates by 75bps but Powell opens the door for a slowdown Dollar takes a step back, gold bounces, stock markets go into overdrive Meta earnings disappoint, show continues with Apple and Amazon today Fed turns cautious As widely expected, the Federal Reserve raised interest rates by 75 basis points for the second straight month, frontloading the tightening of monetary policy. Chairman Powell noted that interest rates have now reached ‘neutral’ levels and will need to go into restrictive [..]

Daily Market Comment – Dollar advances, stocks roll over as growth worries return

Posted on June 29, 2022 at 9:00 am GMT

Traders play some defense after US consumer confidence disappoints Dollar dominates, franc shines, tech stocks back under selling pressure German inflation stats and speeches by Fed, ECB, and BoE leaders today Royal flush Growth concerns returned to haunt global markets yesterday after the US consumer confidence index fell short of expectations, adding credence to the view that economic momentum is evaporating as the cost of living crisis bites. Some disappointing regional manufacturing surveys underscored the same point. Recession watchers have [..]

Technical Analysis – US 100 index halts decline but retains bearish bias

Posted on June 7, 2022 at 2:26 pm GMT

The US 100 stock index (cash) has been experiencing a minor pullback after its advance failed to cross above the 12,940 region. Nevertheless, the ascending 50-period simple moving average (SMA) is closing the gap with the 200-period SMA, where a potential upside violation could reinforce the case of a sustained recovery. The momentum indicators suggest that bearish forces remain in control. The MACD histogram is currently beneath both zero and its red signal line, while the RSI is ticking up [..]

US Open Note – Dollar loses ground after five weeks of gains

Posted on May 20, 2022 at 1:03 pm GMT

Dollar index ticks down as euro approaches $1.06 On Friday, the US dollar was on track to have its worst week against key rivals since the beginning of February. Global stocks have been falling this week as well due to risks to growth from aggressive monetary tightening – led by the Federal Reserve – and China’s strict lockdowns to quash an outbreak of Covid-19. The appeal of the dollar as a haven was eclipsed overnight by a decline in US yields as investors rushed for [..]

US Open Note – Recession fears keep jolting markets

Posted on May 19, 2022 at 1:24 pm GMT

Signs of recession pop up in earnings Sellers stormed into stock markets as giant US retailers Target and Walmart revealed a hit in margins on the back of rising labor and energy costs, with the former losing more than a third of its share value on Wednesday despite serving only local clients. The jittery earnings surprise follows Powell’s commitment to higher interest rates earlier this week, making investors think more seriously that the mix of inflation and monetary tightening could [..]

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