All Articles Tagged - US100cash

Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch

Posted on April 30, 2024 at 9:55 am GMT

Japan’s intervention spurs volatility in yen pairs, usual action elsewhere in FX market Commodities enjoy lower volatility as geopolitical tensions subside Equities at neutral volatility levels during earnings season, Bitcoin volatility picks up Volatility in yen crosses has exploded on the back of a suspected Japanese intervention. Moreover, apart from dollar/yen, other dollar pairs are trading in the middle of their volatility range ahead of the Fed decision on Wednesday and NFP report on Friday. Volatility in the commodity space has also dropped, particularly [..]

Technical Analysis – US 100 index weakness lingers

Posted on April 25, 2024 at 7:46 am GMT

US 100 cash index is in the red, a tad below the 100-day SMA Market sentiment remains bearish ahead of key US data Momentum indicators mostly bearish; all eyes on the stochastic The US 100 cash index is in the red again today, trading a tad below the 100-day simple moving average (SMA) and around 6% lower from its recent all-time high. Despite the moderately positive earnings round, the market momentum remains negative ahead of some key US data prints that [..]

Can Q1 earnings season refuel the equity market rally? – Stock Markets

Posted on April 5, 2024 at 1:41 pm GMT

Earnings parade unofficially starts on April 12 with major US banks S&P 500 profit growth forecast at 5.1% y/y after downward revision Fluctuating expectations around Fed policy remain a key risk factor Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, with the positive momentum being carried over to this year as the soft-landing narrative became more and more entrenched in market projections. This positive sentiment translated into solid gains for the stock market, which [..]

Technical Analysis – Could the quieter sessions ahead impact the US 100 index?

Posted on March 26, 2024 at 10:00 am GMT

US 100 cash index is in the green today, hovering just below its all-time high The market survived a key week and is probably preparing for the Easter break Momentum indicators remain mostly on the bulls’ side The US 100 cash index is edging higher today as the market survived, mostly unscathed, the busiest week of 2024. It continues to trade a tad below its March 21, 2024 high at 18,467 but only above the October 26, 2023 ascending trendline. Following [..]

Why do US stocks keep ignoring downside risks? – Stock Markets

Posted on March 14, 2024 at 10:34 am GMT

S&P 500 posts record high despite upbeat CPI print Projections of fewer rate cuts do not scare stocks Can this rally extend without a sizable correction? Stocks unhindered by hotter-than-expected inflation report On Tuesday, the S&P 500 recorded a fresh all-time high, while both the Nasdaq 100 and Dow Jones finished the session in the green despite the stronger-than-expected US CPI print. Specifically, the headline inflation measure came out at 3.2% in annual terms for February against a 3.1% [..]

Technical Analysis – US 100 stock index at risk of double top

Posted on March 12, 2024 at 2:01 pm GMT

US 100 stock index forms bearish structure The market could balance selling forces above 17,800 The US 100 stock index (cash) seems to have formed a bearish double top pattern within a rising channel and around the peak area of 18,338. The bears will have to successfully complete that negative pattern below the 17,800-17,914 neckline to visit the 50-day exponential moving average (EMA) and the 23.6% Fibonacci of 17,389. Slightly lower, the constraining ascending line from January 2023 might act as a safety [..]

Apple and Tesla lag the Magnificent 7 pack – Stock Markets

Posted on March 7, 2024 at 1:50 pm GMT

Magnificent 7 propel US indices to record highs Apple diverges due to lack of AI initiatives Tesla also suffers from weakness in Chinese market AI leads the way The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has been the driving force behind the consecutive all-time highs observed in the major US equity indices. The tech behemoths have largely benefited from the Artificial Intelligence (AI) mania, with the latest earnings season providing clear evidence [..]

Technical Analysis – US 100 stock index meets familiar support zone

Posted on March 5, 2024 at 4:16 pm GMT

US 100 stock index turns red after all-time high Downside risks balanced above 20-day EMA The US 100 stock index (cash) has been in a clear uptrend since October 2023, gaining 28% to pause at a record high of 18,339 on Monday. The index opened at the back foot on Tuesday, but the bearish move is not a concern yet. Instead, the negative action can be considered part of the upward pattern as long as the price holds above the 17,945 level. [..]

As earnings season winds down, what’s next for US stocks? – Stock Markets

Posted on February 29, 2024 at 7:28 am GMT

Solid Q4 earnings season driven by Magnificent 7 Stocks extend rally despite bets for fewer rate cuts Excluding an exogenous event, no risks on the horizon Corporate earnings aid stock market rally As most US companies have revealed their Q4 financials, it is now safe to draw some conclusions regarding the health of the corporate world. The results have been more than encouraging, with the S&P 500 being on track for a 10.0% annual earnings growth according to LSEG, beating [..]

Technical Analysis – Is the US 100 cash index close to a correction?

Posted on February 20, 2024 at 11:21 am GMT

US 100 index is in red today, testing the support set by a key trendline It remains a tad below its all-time high as the market looks for new bullish catalysts Stochastic oscillator is trying to send a bearish message The US 100 cash index is lower today, testing the support set by the October 26, 2023 ascending trendline but remaining very close to its February 12, 2024 high of 18,041. The journey higher has almost been a straight line, raising [..]

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