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US100cash

Stock market outlook 2024: Soft landings, rate cuts, and elections

Posted on December 19, 2023 at 2:32 pm GMT

Stellar year for US stock markets, fueled by ‘soft landing’ hopes Can the rally persist in 2024, despite high valuations and election uncertainty?  European valuations are much cheaper, partly reflecting recession concerns   US stocks race higher, but tougher environment ahead It’s been a sensational year for US equity markets. The S&P 500 has risen more than 23% while the tech-heavy Nasdaq 100 has gained a stunning 52% so far, with both indices coming within breathing distance of their record [..]

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Volatility Report – December 19, 2023

Posted on December 19, 2023 at 10:29 am GMT

EUR/USD volatility eases aggressively, major JPY crosses remain in turbulent waters Gold and oil volatility at their midpoints, silver expected to experience sizeable moves Volatility drops in stock indices except JP225; Bitcoin returns to calmer periods EUR/USD expected volatility dropped to the lowest level of the past 30 days as the market appears to be preparing for the much-needed break. However, volatility in yen crosses remains extremely elevated but it is eventually expected to embrace the festive spirit. In commodities, [..]

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Technical Analysis – Will the US 100 cash index rally ever stop?

Posted on December 18, 2023 at 4:04 pm GMT

US 100 index is a tad below the November 22, 2021 high Continued upside pressure after the November range-trading period Momentum indicators could be close to signaling a reversal The US 100 cash index is trying to record another green candle today as it prepares to test the resistance set by the November 22, 2021 high at 16,767. It has been a one-way street move from the October 26, 2023 trough with the US 100 avoiding, up to now, the typical [..]

Volatility Report – December 12, 2023

Posted on December 12, 2023 at 12:28 pm GMT

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last week. In commodities, gold volatility is fading following [..]

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Market Comment – Dollar gains after strong US jobs data; CPIs and Fed awaited

Posted on December 11, 2023 at 9:18 am GMT

Dollar rallies as NFP beat estimates, unemployment rate slides Investors push back their Fed rate cut bets Focus now turns to US CPI data and Fed meeting Wall Street gains on soft-landing hopes, oil recovers Better-than-expected US jobs data lift US dollar The US dollar rose on Friday after the US employment report revealed that job growth in the US accelerated by more than expected in November and that the unemployment rate dropped, prompting market participants to push back their [..]

Market Comment – Yen flies as BoJ’s Ueda talks ultra-loose policy exit

Posted on December 7, 2023 at 9:37 am GMT

BoJ Governor Ueda discusses options after ending negative rates Yen rallies as speculation for BoJ pivot intensifies Dollar defies weak labor market data again Wall Street slips, oil falls 4% on gasoline stock build BoJ’s Ueda adds fuel to yen’s tanks The US dollar continued gaining ground against most of its major peers yesterday, but today the protagonist was the yen, which rallied following remarks by BoJ Governor Ueda on exiting negative interest rates. The BoJ chief said that they [..]

Market Comment – Dollar extends recovery despite US job openings drop

Posted on December 6, 2023 at 9:38 am GMT

US job openings fall to lowest in more than 2-1/2 years Treasury yields slide, but dollar extends recovery Schnabel points to end of ECB’s tightening crusade Gold becomes attractive again after hitting $2,010 Dollar defies weak labor data The dollar traded higher against all but one of the other major currencies on Tuesday, with the only currency holding its ground being the Japanese yen. That said, the dollar’s recovery seems to be running out of steam today, with the aussie [..]

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Earnings season halts corporate profits recession, year-end rally in sight? – Stock Markets

Posted on November 22, 2023 at 3:33 pm GMT

Q3 financial results put an end to the earnings contraction streak Profit margins improve but real revenue suffers US indices look expensive as markets price in the perfect scenario Solid earnings season with some asterisks As the vast majority of US companies have revealed their Q3 financials, it is safe to draw some conclusions about the health of the corporate world. Firstly, the results have been quite encouraging, with the S&P 500 posting a 6.6% annual earnings increase according to [..]

Market Comment – Dollar tumbles on cooler-than-expected US inflation

Posted on November 15, 2023 at 9:36 am GMT

Slowing US inflation confirms view that Fed is done with hikes Aussie and kiwi gain the most on bolstering risk sentiment Pound pulls slightly back on lower-than-expected UK inflation Wall Street rallies as investors cheer US inflation data US CPI numbers support ‘Fed is done’ narrative The dollar tumbled across the board yesterday after cooler than expected US inflation data added more credence to investors’ belief that the Fed’s tightening crusade is over, despite Chair Powell and his colleagues pushing [..]

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