All Articles Tagged - US100cash

Technical Analysis – US 100 index holds above May’s lows despite big fat sell-off

Posted on May 19, 2022 at 8:01 am GMT

The US 100 stock index (cash) was smashed by worrying earnings from US retailers on Wednesday, but the big-fat sell-off was not strong enough to close below 11,874 for the second time this month. Sellers are expected to dictate the short-term trading in the four-hour chart as the momentum indicators are dipped in the bearish area, though with the Stochastics and the RSI hovering near their oversold levels, an upside correction cannot be ruled out. In other encouraging signals, the red Tenkan-sen [..]

US Open Note – Stocks pare gains; European currencies slip too after nice rally

Posted on May 18, 2022 at 1:40 pm GMT

Recession not fully priced in Who will pay the price? That’s the question that bothers investors nowadays as businesses feel more confident to transfer rising production costs to consumers and central banks constantly message markets that additional rate increases are the immediate solution for spiraling inflation. Further monetary tightening is largely anticipated in the UK as inflation clocked in at a new 40-year high of 9.0% y/y as expected in April, while the Fed chief stated yesterday that rates could [..]

US Open Note – Upbeat data drive risk-on mode ahead of Powell’s speech; Euro gears up on rate hike outlook

Posted on May 17, 2022 at 1:27 pm GMT

Pound is the best performer, but for how long? Markets were volatile ahead of the US open, with the European currencies switching to recovery mode after a period of heavy selling, and the US dollar index losing some steam as some rosy data releases shifted funds to riskier assets and hopes for China easing lockdown measures flourished. Upbeat employment and wage data out of the UK triggered the largest daily increase in the British pound in months. Strikingly, the number [..]

US Open Note – Dollar cools off, euro turns up and gold back to $1,800

Posted on May 16, 2022 at 12:53 pm GMT

Chinese data drives dollar higher In the wake of disappointing Chinese economic statistics, which sent the British pound and the Australian dollar down, the US dollar held onto its two-decade high earlier in the day. The surge in the dollar has been fuelled by China’s long-term economic lockdowns, which have contributed together with other uncertainties to an almost 10% rise in the dollar index since the beginning of 2022. In April, China’s retail and industrial activity declined substantially due to widespread Covid-19 lockdowns, which kept workers [..]

Why US stock markets face tremendous downside pressures? – Stock Market News

Posted on May 13, 2022 at 9:51 am GMT

Stock markets have been shaken this year by increasing fears concerning the global economic outlook. Persistent inflationary pressures, worries over recession, and the anticipation of aggressive monetary tightening have been largely weighing on investors’ risk sentiment, luring away liquidity from risky assets. Although many investors have been endorsing a buy the dip strategy in the past few days, it seems that the major US indices have not bottomed yet. So, let’s take a closer look at what has been driving [..]

US Open Note – Dollar unlocks 20-year high; euro breaks $1.04

Posted on May 12, 2022 at 12:57 pm GMT

Dollar surges but dips against yen The dollar touched a two-decade high against a basket of currencies after US inflation fell less than expected in April. Dollar/yen is declining by 1%, meeting the 129.40 level. Despite increasingly hawkish ECB rhetoric, the euro is trading below $1.0400, falling by 1.0%, with the next key support coming at $1.0340. Euro/yen and pound/yen are plummeting over 2% today. US stock futures are suggesting a strong negative open, continuing the several days of losses. The safe-haven greenback gained support from a worldwide equity sell-off because of investor concerns that central banks are behind the curve [..]

US Open Note – US CPI beats expectations and rises by 8.3%; dollar moves up again

Posted on May 11, 2022 at 1:36 pm GMT

The CPI rate ticked up by 8.3% in the year that ended in April. The annual CPI decrease was the first since August, but it was the eighth month in a row of gains of more than 6%. In March, the Consumer Price Index (CPI) rose 8.5% year-over-year, the highest increase since December 1981. After the release of higher-than-expected CPI figures, the dollar initially rose. The dollar index is showing positive signs as it jumped beyond 104.00; however, US futures are leading lower, suggesting a [..]

US Open Note – Dollar steadies as it awaits US CPI data

Posted on May 10, 2022 at 12:50 pm GMT

Fed speakers today and US CPI tomorrow in focus This week, Fed speakers will be out in full force to disseminate the latest views of the central bank. Each one of these officials has a chance to share their thoughts on current policy. Barkin did this last week and put 75 bp back on the table, stressing that he wants to raise rates “as quickly as possible.” Others at the Fed are also likely to adopt a more hawkish outlook in the coming days. But the main thing to [..]

Technical Analysis – US 100 index extends losses within bear market

Posted on May 9, 2022 at 2:20 pm GMT

The US 100 cash index (Nasdaq) came under renewed pressure in recent sessions, sinking to a fresh one-year low. Sellers are firmly in control with a series of lower highs and lower lows forming on the daily chart, the moving averages turning lower, and the price testing the lower Bollinger band. Short-term oscillators reflect the sharp selloff, with the RSI turning lower to approach its 30 zone while the MACD has crossed beneath its red trigger line. In case the [..]

Daily Market Comment – King dollar reigns supreme as stocks keep sliding

Posted on May 9, 2022 at 9:01 am GMT

No stopping the mighty dollar, rising US yields provide fuel Stocks struggle for altitude amid Fed and China worries All eyes on US CPI data this week – peak inflation at last? Dollar power There’s no stopping the mighty US dollar, which continues to slice its way through the currency complex. Stress in equity markets, worries about a synchronized global economic slowdown, and the relentless grind higher in US yields continue to drive up demand for the reserve currency. Once [..]

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