All Articles Tagged - US100cash

Daily Market Comment – Wall Street conquers new highs, yen struggles

Posted on June 15, 2021 at 8:45 am GMT

· Tech generals lead stock markets to new all-time highs · Yen suffers as global yields bounce back, dollar quiet · Overall, bonds and stocks send conflicting signals about FOMC Tech stocks back in vogue The party in equity markets continues to rage. The Nasdaq and S&P 500 both hit fresh record highs to kick off the new week, with heavyweight tech names being at the tip of the spear. The price action suggests investors are not particularly worried about [..]

Technical Analysis – US 100 index flirts with 14,000 after quick bounce

Posted on June 11, 2021 at 12:24 pm GMT

The US 100 stock index (cash) is flirting with the 14,000 mark thanks to Thursday’s speedy rebound on the 50-period simple moving average (SMA) in the four-hour chart. While the price is currently trying to resume its ascent, a downside reversal is now looking increasingly possible as the RSI has diminished near its 70 overbought level, which was a resistance regions a few days ago. The ascent in the Stochastics also seems to have peaked above the 80 overbought level, [..]

Will the Fed crash the party in stocks? – Special Report

Posted on June 9, 2021 at 3:27 pm GMT

The party in global stocks continues to rage, driven by a powerful combination of generous government spending and an ocean of liquidity by central banks. However, with the Fed thinking about taking its foot off the accelerator and the G7 nations agreeing on a minimum tax rate for big multinationals, the rally could come under fire. Even so, it’s difficult to envision anything more than a correction. Equities are still the only game in town. Stock market train keeps rolling [..]

Daily Market Comment – Stocks tank, dollar roars as inflation shows its teeth

Posted on May 13, 2021 at 8:37 am GMT

· Dollar comes back fighting, stocks pummeled after US inflation surprise · Traders price in Fed rate hike for next year, but it’s still early days · Producer prices coming up today ahead of crucial retail sales tomorrow Inflation wins this round Worries around higher interest rates being on the horizon have returned to torment Wall Street once again after some shockingly strong inflation numbers out of America. Consumer prices clocked in at 4.2% on an annual basis in April, [..]

Daily Market Comment – Tech selloff takes a breather, US inflation data next

Posted on May 12, 2021 at 8:34 am GMT

· Inflation and valuation worries hit stocks, but dip in tech is bought · Dollar cannot capitalize on the troubles in equities · US inflation data today could decide if selloff deepens or fades Inflation scare broadens There is no single explanation for the fear that has gripped Wall Street in recent sessions but there are several theories. Most of it seems linked to inflation and interest rate worries, considering that it’s mostly tech and hyper-growth stocks that have imploded. [..]

Daily Market Comment – Tech shares blasted, dollar drifts amid inflation scare

Posted on May 11, 2021 at 8:32 am GMT

· Stocks slip as traders cut exposure to tech and pre-profit companies · Dollar unable to capitalize on the risk aversion amid inflation worries · Cable stabilizes after sprint higher, Fed speakers in focus today Dash for value continues Wall Street came under pressure at the start of the new week as the rotation away from growth and tech stocks escalated. While the overall stock market is still near record highs, tech investors are quietly heading for the exits and [..]

Daily Market Comment – Wall Street trembles as Yellen channels her inner Fed chair

Posted on May 5, 2021 at 8:31 am GMT

· US Treasury Secretary Yellen talks about rate hikes, tech stocks suffer · But turmoil doesn’t spill over into FX, dollar gets only a minor boost · ISM non-manufacturing survey and ADP jobs report coming up Yellen sparks tech selloff Market participants just got a small preview of what could happen when interest rates finally start rising. A wave of selling gripped equity markets yesterday, with the tech sector caught in the eye of the storm after Treasury Secretary and [..]

Technical Analysis – US 100 index heals wounds to reclaim record highs

Posted on April 15, 2021 at 1:32 pm GMT

The US 100 stock index (cash) surrendered its gains on the four-hour chart shortly after touching a new record high of 14,036 on Wednesday. The index is currently trying to recover the lost ground, with the RSI and the Stochastics promoting the bullish attempt as the former has refused to dive below its 50 neutral mark and the latter has rebounded from the oversold territory. A close above the all-time high of 14,036 could fade near the 14,200 psychological level. [..]

Daily Market Comment – US equities continue to rampage as Powell reassures

Posted on April 9, 2021 at 8:32 am GMT

Dollar headed for losing week as Fed rate hike bets cool Stock market party continues to rage, gold attempts comeback ECB minutes cheer up the euro, sterling loses its shine ‘Opposite week’ in currencies It’s been an eventful week for currency markets, with the trends that dominated earlier in the year going into reverse. In the first quarter, investors became confident the Fed would raise interest rates by next year already thanks to a rosier economic outlook, resulting in a [..]

Daily Market Comment – Wall Street hits new records, FX market quiet

Posted on March 16, 2021 at 9:33 am GMT

Stock market winning streak continues as yields stabilize European nations suspend AstraZeneca vaccine, but euro undaunted US retail sales coming up as traders lay low ahead of FOMC meeting Stable yields give equities the green light The equity gravy train keeps on rolling. All the major indices on Wall Street aside from the Nasdaq hit another record high yesterday as bond yields stabilized and economic optimism ruled the day. The accelerated pace of vaccinations in America and the imminent spending [..]

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