All Articles Tagged - US100cash

Daily Market Comment – Stock markets get smoked ahead of US payrolls

Posted on May 6, 2022 at 8:34 am GMT

Epic turnaround for stock markets, Nasdaq loses 5% as Fed dust settles Funds blowing up, deleveraging, or traders saying Powell must do more? Sterling sinks after BoE, US employment report the main event today Equity market mayhem What an epic turnaround for Wall Street. After stock markets rallied like there was no tomorrow in the aftermath of the Fed meeting, where policymakers decided to ‘go slow’ with rate increases, the wheels suddenly came off. The Nasdaq closed down by 5%, [..]

US Open Note – Pound crashes on dovish rate hike; Wall Street eyes bearish open

Posted on May 5, 2022 at 1:32 pm GMT

Pound crashes after BoE policy decision The Bank of England stuck to its March guidance, confirming expectations of a 25bps rate hike to 1.0% on Thursday although three out of nine board members surprisingly voted for a sharper 50bps increase. Its inflation projections for the current year moved up to 10% on the back of higher household energy prices and projected additional rises in October, while its growth estimate is now warning a dip slowdown over the next year as [..]

US Open Note – Falling dollar breathes life into the euro; Wall Street in the red

Posted on April 29, 2022 at 1:50 pm GMT

3Dollar loses steam but is still the king The king dollar cooled off against a basket of six major currencies in the last trading day of April, having previously rapidly advanced to a two-decade high of 103.93 on the back of persisting calls for higher interest rates in the US and Ukraine-related economic risks in Europe. Still, a fourth consecutive weekly gain is more than secured for the greenback ahead of a busy week of central bank meetings and data [..]

US Open Note – No mercy for the euro; BoJ policy decision, Meta earnings next in focus

Posted on April 27, 2022 at 2:15 pm GMT

Euro plummets as Russian gas issues resurface There was no mercy for the depressed euro during the late European trading hours on Wednesday. The already squeezed common currency sank to the lowest point since April 2017 against the US dollar, remaining the worst performer across the board as Russia’s state-owned multinational gas supplier Gazprom completely halted supplies to NATO members Poland and Bulgaria because of non-payments in roubles. Of course, the EU’s powerhouse Germany, which gets 40% of its gas [..]

Daily Market Comment – Growth scare sinks stocks, adds fuel to US dollar rally

Posted on April 27, 2022 at 8:56 am GMT

Stock market tumbles as earnings season and US slowdown scare traders Dollar the only place to hide – extends gains against euro and sterling Aussie jumps after inflation spike, Facebook earnings in the spotlight Wall Street loses altitude A sense of panic crept back into stock markets on Tuesday. The Nasdaq Composite lost almost 4% as investors slashed their exposure to riskier assets, stressed about a slowdown in economic growth and corporate earnings that could be compounded by a meteoric [..]

US Open Note – Euro cheers on rate hike talk; stocks in the green as well

Posted on April 21, 2022 at 1:30 pm GMT

ECB’s rate hike talk intensifies It seems the European Central Bank (ECB) is prepping for the new reality of higher interest rates to fight inflation even though geopolitical developments around Ukraine keep clouding the Eurozone’s economic outlook. ECB’s Spanish Vice President Luis de Guindos endorsed yesterday’s hawkish talk from Latvian ECB governing council member Mārtiņš Kazāks, confidently approving the end of the regular APP bond purchases in July, while stating that from today’s perspective a rate hike in July, September and even [..]

US Open Note – Wall Street opens higher; commodity currencies outperform

Posted on April 20, 2022 at 2:02 pm GMT

Global stocks cautiously up Wall Street started Wednesday’s session on the bullish side, with Dow Jones gaining the biggest traction. Buying interest, however, remains relatively constraint as questions about how the cocktail of inflation and monetary tightening will affect global economic growth weigh on risk-on sentiment. Growth risks are larger in Europe, which has stronger trade ties with Russia and Ukraine than does the US, though the rapid rise in consumer prices is calling for a stimulus reduction, keeping the [..]

Daily Market Comment – Yen losses snowball as yields forge higher

Posted on April 18, 2022 at 9:15 am GMT

Yen continues to sink despite BoJ’s soft verbal intervention Stocks trade heavy as yields soar, China GDP offers no relief Gold flies in the face of negative macro trends – who’s loading up? Yen demolition The Japanese yen has been blown to smithereens. Central banks around the world are raising interest rates to combat spiraling inflation, yet the Bank of Japan refuses to play this game. That’s because there’s no inflation to fight – the annual CPI rate in Japan [..]

US Open Note – Dollar stands firm; ECB meeting minutes fail to move the euro

Posted on April 7, 2022 at 1:13 pm GMT

Dollar preserves FOMC boost; stocks weaker The US dollar kept its lead against a basket of major currencies on Thursday, trading almost at a one-year high. The world’s reserve currency is now set for a thriving weekly close as the FOMC meeting minutes reaffirmed the Fed’s recent sharp hawkish tone yesterday, revealing that the central bank will hit the stimulus brakes more aggressively in the coming months. In addition to a larger 50 bps rate hike, the central bank openly [..]

Daily Market Comment – Fed minutes spark another round of market turmoil

Posted on April 7, 2022 at 8:41 am GMT

FOMC minutes echo desire to tighten swiftly, crushing tech stocks Dollar hovers near recent highs, yen still in the mud, oil retreats Euro under pressure ahead of ECB minutes, French election in sight Fed provides exit plan The minutes of the latest FOMC meeting poured gasoline on the bond market bonfire yesterday, slingshotting US yields even higher as traders braced for a full-speed normalization of monetary policy. Officials highlighted the prospect of raising interest rates in 50 basis point increments [..]

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