XM does not provide services to residents of the United States of America.

US100cash

post-image

Technical Analysis – US 100 index forms a ‘death cross’ as negativity persist

Posted on March 4, 2022 at 8:43 am GMT

The US 100 index has taken some heavy damage lately, briefly reaching a 10-month low at 13,030 last week. Elevated negative pressures are still troubling the index, with the 50-day simple moving average (SMA) crossing recently below the 200-day SMA forming a ‘death cross’, which reinforces the thesis for a sustained bearish outlook. The short-term momentum oscillators are painting a mixed picture as the RSI is steady below its 50 neutral mark. On the other hand, despite being below zero [..]

post-image

US Open Note – Dollar and US futures head north as Russian invasion lingers

Posted on March 3, 2022 at 2:21 pm GMT

Dollar shines but euro slips on geopolitics The ongoing Russian invasion in Ukraine, alongside the tough Western sanctions and their imminent effects on the global economy continue to be the key drivers for the markets today. Although a new round of negotiations between the two countries is taking place at the moment of writing, there are not any concrete signs of de-escalation so far, thus volatility is expected to remain high. These recent developments in the Ukrainian crisis seem to [..]

Daily Market Comment – Stock markets recover amid bets for slower Fed hikes

Posted on March 1, 2022 at 9:49 am GMT

Traders bet Ukraine conflict will slow central bank tightening Bond yields retreat, breathing life back into tech stocks  FX market caught between different forces, oil prices keep rising Risky trades bounce back The talks about a ceasefire in Ukraine concluded without an agreement yesterday and the bombardment of major cities unfortunately seems to have intensified. Russian authorities tried to fight the crippling economic sanctions by doubling interest rates to 20% and introducing capital controls, but the rouble still imploded and [..]

post-image

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

post-image

Weekly Comment – BoC and RBA policy decisions, alongside NFP report take center stage

Posted on February 25, 2022 at 1:11 pm GMT

The Russian invasion in Ukraine was the main market theme during the week, triggering risk-off sentiment as investors sought shelter in safe haven assets. In the upcoming week, the latest US employment report alongside central bank meetings in Canada and Australia will be in the spotlight, while a raft of economic data will also hit the markets. The highlights: In America, nonfarm payrolls figures will be out on Friday and will be closely eyed as a solid report might enable the Fed to proceed with a 50 basis points rate hike in [..]

post-image

US Open Note – Stocks sink and commodities surge as Russia invades Ukraine

Posted on February 24, 2022 at 2:04 pm GMT

Russia attacks Ukraine; investors flee to safe havens The Russian President Vladimir Putin has ordered a full-scale invasion of Ukraine earlier today, moving troops and bombing several military targets across the country. According to Moscow, the move aims to demilitarize Ukraine, blaming the US and its allies for breaching a ‘red line’ by trying to further expand NATO eastwards in an attempt to pressure and blackmail Russia. Western powers have condemned the military assault, vowing to impose harsh economic sanctions. [..]

post-image

US Open Note – Mild sanctions improve the risk-on sentiment for now

Posted on February 23, 2022 at 1:32 pm GMT

Geopolitical ‘drama’ dominates the markets The West has implemented a set of sanctions against Russia after President Putin recognized the independence of the two breakaway regions in Ukraine, moving ‘peacekeeping’ troops into the area. The advance was interpreted as the beginning of an invasion by global leaders, as Moscow stressed that the region considered independent is not limited to the area controlled by the separatists, but extends to areas currently controlled by Kiev. However, initial sanctions were perceived to be [..]

post-image

Technical Analysis – US 100 index rebounds, but a ‘death cross’ looms

Posted on February 22, 2022 at 2:40 pm GMT

The US 100 index has taken some heavy damage lately, losing more than 15% since the beginning of the year to enter correction territory. Technically, the outlook has deteriorated with a series of lower highs and lower lows in recent weeks.  Similarly, the 50-day moving average (MA) seems ready to fall below the 200-day one, forming a so-called ‘death cross’. That is considered a warning signal of further losses and perhaps even a trend reversal. Momentum oscillators are pretty weak [..]

post-image

Weekly Comment – RBNZ and PMI data eyed as geopolitical tensions remain ‘hot’

Posted on February 18, 2022 at 1:48 pm GMT

Geopolitical tensions in Eastern Europe seem to be driving the risk-off sentiment in global markets. Moreover, Fed minutes have dialed back bets for an aggressive 50 basis points interest rate hike in March, hurting the US dollar. In the upcoming week, interest rate decisions from New Zealand and a raft of PMI data from most major economies take center stage, together with the US PCE price index and BoE’s Governor testimony. Highlights: Flash PMI data for February in the Eurozone, UK and Japan [..]

post-image

US Open Note – Risky assets rebound as market sentiment improves

Posted on February 18, 2022 at 1:42 pm GMT

Dollar holds steady despite easing tensions The geopolitical situation between Russia and Ukraine remains the key theme in today’s trading session, with the picture turning cautiously positive. Early in the day, the announcement of an upcoming meeting between the US Secretary of State Anthony Blinken and Russian Foreign Minister Sergey Lavrov triggered some optimism in the markets. Later, an official statement from the Ukrainian government that there is a very small and reduced likelihood of any major escalation further improved investor’s [..]

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.