All Articles Tagged - US100cash

Technical Analysis – US 100 index leans to the downside

Posted on January 31, 2024 at 11:59 am GMT

US 100 stock index drops below short-term SMAs Faces downside risks below 17,286 as technical signals worsen The US 100 stock index (cash) changed direction to the downside after hitting a record high of 17,666 near the resistance line drawn from mid-November last week. Despite Monday’s recovery attempt, the price paused slightly below the 2024 top, increasing fears that January’s rally has peaked. A continuation lower is likely in the four-hour chart as the 50-period exponential moving average (EMA) [..]

Market Comment – Investors lock gaze on Fed decision

Posted on January 31, 2024 at 9:11 am GMT

Fed to stand pat, focus to turn on rate path signals Aussie falls after Australian CPI slows by more than expected Euro slides ahead of preliminary CPI data from Germany Wall Street trades mixed ahead of Fed decision Will the Fed pour cold water on March rate cut bets? The US dollar traded mixed against the other major currencies on Tuesday, but it is gaining ground today. That said, whether the greenback will hold onto those gains will depend on [..]

Volatility Report – January 23, 2024

Posted on January 23, 2024 at 10:45 am GMT

Volatility remains significantly low across the currency board Commodity markets seem quiet as well, oil exhibits more volatility than metals US indices in the middle of volatility range, JP225 and Bitcoin are rather hot The recent range-trading in most major currency pairs has caused their expected volatility to drop to relatively low levels. That said, there are several central bank meetings coming up, which could help reignite FX volatility In the commodity space, volatility of gold and silver continues its downward move despite the [..]

Technical Analysis – Could the US 100 cash index continue to range trade?

Posted on January 18, 2024 at 11:26 am GMT

US 100 index continues to trade a tad below its recent all-time high Its failure to record a higher high above 16,972 is raising eyebrows Momentum indicators in waiting mode, stochastic oscillator‘s next move is key The US 100 cash index is higher today, reacting to Wednesday’s strong red session. The index is currently battling with the November 22, 2021 high at 16,767, not far from its recently recorded all-time high of 16,972 and a tad above the long-term January 6, [..]

Market Comment – US CPI inflation takes center stage

Posted on January 11, 2024 at 9:20 am GMT

Dollar traders lock gaze on US inflation data Yen falls as wage data suggest BoJ is in no rush to raise rates Wall Street rebounds ahead of CPIs and earnings season US SEC approves bitcoin ETFs Will the US CPIs help the dollar rebound? The US dollar pulled back against most of the other major currencies on Wednesday, gaining ground only against the yen, and closing the day virtually unchanged against the kiwi and the loonie. Today, the greenback is [..]

Market Comment – Dollar resumes recovery, bitcoin awaits ETF decision

Posted on January 10, 2024 at 9:36 am GMT

Dollar recovers as traders await CPI inflation data Fake SEC message triggers volatility in bitcoin Dow Jones and S&P 500 slide, Nasdaq remains elevated Oil recovers on US inventory drawdown Dollar recovers but March Fed cut probability remains high The US dollar resumed its recovery against all its major counterparts on Tuesday, although it is trading steady on Wednesday. That said, this time, the dollar’s recovery is not a reflection of investors scaling back their Fed rate cut bets. On [..]

Technical Analysis – US 100 cash index in waiting mode

Posted on January 9, 2024 at 10:43 am GMT

US 100 index remains a tad below its recent all-time high Strong reaction on Monday after last week’s anaemic performance Momentum indicators are mostly trading sideways The US 100 cash index is lower today following Monday’s very strong green session. The index is currently trading a tad below the November 22, 2021 high at 16,767 and not far from its recently recorded all-time high of 16,972. The bears would hope for a stronger correction, but the market appears to be in [..]

Volatility Report – January 9, 2024

Posted on January 9, 2024 at 9:21 am GMT

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward. In commodities, gold and silver implied volatility has fallen substantially [..]

Equity indices face moment of truth as earnings season looms – Stock Markets

Posted on January 8, 2024 at 11:46 am GMT

Earnings parade unofficially starts on Friday with major US banks Focus will fall on 2024 guidance as stocks start the year on the back foot Asymmetric risks due to rosy valuations and optimistic growth forecasts Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, closing the year with strong positive momentum. However, the nine-week winning streak came to an end in the first week of 2024, following fresh record highs from both the Nasdaq [..]

Market Comment – Investors lock gaze on Fed minutes

Posted on January 3, 2024 at 9:06 am GMT

Dollar rallies on the first trading day of 2024 Fed minutes enter the spotlight, ISM mfg PMI also on tap Wall Street slides, dragged by big tech firms Oil erases gains on deteriorating risk sentiment Dollar rallies as traders scale back Fed cut bets The US dollar began the year on a strong footing on Tuesday, accelerating its advance through the day and even recording gains of more than 1% against some currencies. With no clear event or catalyst to [..]

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