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Volatility remains elevated across the board – Volatility Watch

Posted on August 1, 2024 at 9:21 am GMT

Yen crosses are very volatile after BoJ hike aids yen’s recovery Volatility in commodity sphere jumps amid geopolitical flare ups Global stock indices in turbulent waters but for different reasons   Volatility in yen crosses has increased considerably as the latest interest rate hike by the BoJ has added more fuel to the yen’s recovery from multi-year lows against major peers. Moreover, the pound pairs have also been volatile as markets are bracing for the BoE’s rate decision later on Thursday. In commodities, volatility [..]

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Heightened volatility across all asset classes – Volatility Watch

Posted on July 23, 2024 at 8:56 am GMT

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs. In the meantime, [..]

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Market Comment – Stocks suffer a fall but not sounding the alarm yet

Posted on July 18, 2024 at 8:00 am GMT

Stocks under pressure but dollar fails to make gains ECB meets today, unlikely to produce a dovish shift Pound ignores data; yen continues to rally against the dollar Stock markets under pressure; feels like 2007 again Following last weekend’s events, the market is probably paying more attention to Donald Trump’s economic plan. Speculation about increased tariffs on Chinese goods, including high technology products, was probably one of the causes of the Nasdaq experiencing yesterday its weakest trading session since mid-December [..]

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Market Comment – Weaker US CPI sends US stocks into a tailspin

Posted on July 12, 2024 at 7:36 am GMT

Top US stocks fall despite the weaker CPI report Dollar suffers but euro/dollar fails to make significant gains Gold climbs above the $2,400 level again Yen benefits from dollar weakness and possible intervention The September Fed rate cut is a step closer  The US inflation report for June managed to produce a downside surprise. Despite the headline figure failing to breach the 3% level, the first negative month-on-month change since June 2020 and lower shelter CPI print allowed the market [..]

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Market Comment – Stocks undaunted by Powell’s mixed tone

Posted on July 10, 2024 at 7:55 am GMT

US stocks rally continues after Chairman Powell’s comments French developments and ECB doves keep euro in check China reacts to bond market rally, but real issues persist Kiwi under pressure as RNBZ turns dovish US stocks rally despite Powell’s lack of dovish shift Fed Chairman Powell kept the cards close to his chest regarding the timing of the much-expected rate cut at yesterday’s Senate testimony, but he managed to satisfy the Fed doves by stating that considerable progress has been made [..]

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Technical Analysis – US 100 index rally continues

Posted on July 9, 2024 at 9:43 am GMT

US 100 index climbs again, records new all-time high Markets welcome the weaker US data prints Momentum indicators bullish but could be toppy The US 100 cash index is in the green again today, recording a new all-time high and trading a tad below a possible key resistance level. Last week’s weak US labour market data has boosted expectations for a Fed rate cut ahead of the November elections, most likely in September, with the US stock indices now focusing on [..]

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Q2 Earnings season: A strong test for stretched valuations – Stock Markets

Posted on July 3, 2024 at 1:00 pm GMT

Earnings parade unofficially starts on July 12 with major US banks S&P 500 profit growth forecast at 10.6% y/y, all eyes on tech results Asymmetric risks due to rosy valuations and optimistic earnings projections Stellar first half Undoubtedly, the US stock markets had another astonishing quarter and a roaring first half of the year as the US economy seems to be headed for a soft landing. It has been more than 21 months now since the stock market experienced a sizable [..]

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Technical Analysis – Will the US 100 stock index revisit the 20,000 mark?

Posted on June 27, 2024 at 3:13 pm GMT

US 100 index turns up, but it’s not out of the woods yet   Bulls need approval near 19,840 to renew record rally   The US 100 stock index started Thursday’s session on the right foot, extending its recent upturn to 19,848 after a short break on Wednesday. A close above Wednesday’s bar of 19,814 could pave the way for the 20,084-20,200 region, bounded by the ascending lines drawn from the beginning of the year. A steeper increase might take a breather near April’s resistance line at [..]

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Nvidia rebounds as investors seem eager to buy the AI dip – Stock Markets

Posted on June 26, 2024 at 2:41 pm GMT

Nvidia erases a significant part of its 3-day slide Investors are bullish as AI keeps delivering earnings Subdued volatility hints low odds of a broader correction   Nvidia’s roller coaster ride moves markets The last few days have been eventful for the US stock market mainly because of Nvidia’s volatile moves. The AI darling lost over $430 billion in market capitalisation in three successive sessions starting from last Thursday, marking the largest three-day loss in the stock market’s history and [..]

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Besides commodities, volatility is heightened across the board – Volatility Watch

Posted on June 25, 2024 at 10:51 am GMT

Yen crosses are very volatile as they approach intervention levels Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin follows suit Volatility in yen pairs has been elevated for the past few days as they have been trading within breathing distance from the levels that Japanese authorities were willing to defend in the recent past. Meanwhile, despite some signs of stabilization on the continent, the euro remains at the upper end of its volatility range against major currencies. In commodities, gold and silver have been exhibiting low volatility amid a [..]

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