All Articles Tagged - US100cash

US Open Note – Stocks return to green zone as covid fears wane

Posted on December 21, 2021 at 2:06 pm GMT

Risk-on appetite returns but covid headache to be continued Omicron fears took a back seat on Tuesday, letting global stock indices, risk-sensitive currencies, and energy prices recoup some lost ground. Of course, the pandemic will remain the key driver for market sentiment for longer, at least into the new year, navigating inflation pressures, and therefore, monetary tightening plans accordingly. But for now the recent bearish correction is reminiscent of the short-lived downfall, which stock markets faced in the same period [..]

US Open Note – Stocks go downhill as omicron bears bite; dollar, euro resilient

Posted on December 20, 2021 at 2:23 pm GMT

Omicron plays with investors’ nerves as stimulus vanishes Stock markets were in a sea of red during mid-European trading hours as omicron concerns and tighter curbs in Europe reminded investors that the pandemic is far from over and Covid could still swamp global demand after two years of limbo. The pan-European STOXX 600 and the British FTSE 100 index followed their Asian counterparts deeply lower, with energy shares, basic materials, and consumer cyclicals driving the bulk of losses, plunging by [..]

US Open – Fed struck a more hawkish tone; BoE raises interest rates

Posted on December 16, 2021 at 2:02 pm GMT

Fed catches up with inflation; BoE raises interest rates On Wednesday, the Fed struck a more hawkish tone, doubling its tapering pace and signaling three rate hikes for 2022. However, the US dollar quickly erased early gains closing the day in red and only managing to outperform the Japanese yen. On Thursday, the 10-year US treasury yield ticked higher, while the US dollar fell against a basket of currencies, mirroring traders’ shift to riskier assets. Meanwhile, the BoE announced on Thursday [..]

US Open Note – Dollar in quiet trading after US CPI; equities secure positive close

Posted on December 10, 2021 at 2:31 pm GMT

US inflation the highest in four decades The eagerly awaited US consumer price index came in as expected on Friday ahead of a busy week with focus on several central bank events. Prices grew the fastest in four decades in November at 6.8% y/y on the back of gas and energy increases. The core CPI measure was also in line with forecasts at 4.9% y/y, but still at uncomfortable levels and well above the Fed’s 2.0% symmetric target, suggesting that [..]

Weekly Comment – Central bank fiesta, flash PMI and inflation reports

Posted on December 10, 2021 at 12:38 pm GMT

Global markets took a breather from the Omicron panic this week as fears about the variant’s impact on global economic growth subsided. The upcoming week is probably the busiest of the year with interest rate decisions from America, the Eurozone, the United Kingdom, Switzerland and the Japanese central bank. Moreover, inflation data from the UK, Eurozone and Canada, together with updates on global economic activity from American, European and British purchasing managers indices will hit the markets. The Highlights: In [..]

US Open Note – Stocks give up ground amid covid curbs; pound remains muted near 2021 lows

Posted on December 9, 2021 at 3:02 pm GMT

Equities take a breather European stock indices returned to negative territory as infections remained elevated in the region and governments reintroduced new mild measures to counter the spread of the omicron variant despite drug makers defending the efficacy of their vaccines in the past few days. Energy shares drove losses in the pan-European STOXX 600, but the decline is moderate so far in the day, and negligible compared to Monday’s impressive rally. Likewise, the UK’s FTSE 100 pulled below yesterday’s [..]

US Open Note – Risk sentiment rebounds on omicron relief; RBA policy decision looms

Posted on December 6, 2021 at 2:16 pm GMT

Omicron concerns ease after volatile week While the omicron variant keeps spreading rapidly around the globe, headlines that its symptoms are not as severe as previously feared, provided a breather to global markets on Monday after a bumpy week. Of course, it is too early to draw final conclusions, and the Covid news will probably keep everyone on their toes for longer amid fears stricter lockdown measures could roll in again ahead of the holiday season. Yet, the less risks the [..]

US Open Note – Omicron variant continues to cast a shadow over markets

Posted on December 2, 2021 at 2:28 pm GMT

Dollar edges lower ahead of US jobs report The US dollar was trading without a clear direction on Thursday, as the markets continue to digest Fed Chair Jerome Powell’s hawkish shift and recent Omicron variant developments. Further hawkish remarks from Cleveland Fed President Loretta Mester, who is an FOMC voter next year, were unable to boost the dollar. All eyes will fall on the upcoming jobs report set to be released on Friday. Positive data could encourage traders’ speculation over [..]

US Open Note – Powell’s hawkish transition unable to boost the dollar

Posted on December 1, 2021 at 2:26 pm GMT

Powell signals faster tapering Global markets were struck by Fed Chair Jerome Powell’s hawkish tone during his testimony before the Senate Banking Committee on Tuesday. Powell stated that inflation could no longer be characterized as transitory, indicating that his central bank will consider speeding up its tapering process during the upcoming FOMC meeting in December. Terminating the Quantitative Easing programme faster than planned could be interpreted as an early rate hike signal since the Fed has made clear that it [..]

Can anything stop the stock market? – Special Report

Posted on November 26, 2021 at 12:59 pm GMT

Stock markets have gone on an absolute rampage this year. The problem is that the factors that initially fueled this rally – heavy government spending and endless central bank liquidity – are slowly fading away. Meanwhile, new covid variants are threatening growth. Can corporate buybacks, the weaponization of call options, and sheer momentum keep this party going? Rocket fuel There’s a clear sense of euphoria driving this bull market. Asset prices seem almost immune to bad news, every dip is [..]

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