All Articles Tagged - US100cash

Technical Analysis – US 100 cash index rally pauses

Posted on November 14, 2023 at 8:46 am GMT

US 100 cash index edges higher today, tests September highs It has decisively broken above the July 19, 2023 trendline Momentum indicators remain mostly bullish The US 100 cash index is trying to record a green candle today as it tests the September highs. It has recorded an impressive rally from the October 26, 2023 low with the bulls decisively breaking the July 19, 2023 descending trendline and cancelling out the developing bearish pattern of lower lows and lower highs. In [..]

Technical Analysis – Is that a dead cat bounce in the US 100 stock index?

Posted on November 2, 2023 at 1:46 pm GMT

US 100 gains bullish impetus after bouncing near 200-SMA Short-term bias shows improvement, but uncertainty remains A bullish reversal or a dead cat bounce? The US 100 stock index (cash) picked up steam on Wednesday, extending its bounce off a five-month low of 14,057 to a high of 14,833. The price is currently aiming for a close above its 20- and 50-day simple moving averages (SMAs) after avoiding a drop below the long-term 200-day SMA last week. That said, its [..]

Technical Analysis – US 100 cash index edges lower; key levels ahead

Posted on October 23, 2023 at 9:28 am GMT

US 100 cash index remains under bearish pressure Prepares to test the September lows as geopolitics dictate sentiment Momentum indicators point to a continuation of the current move The US 100 cash index is trying to record its fifth consecutive red candle for the first time since April. The bears continue to take advantage of the current bearish sentiment that is fuelled by unfolding geopolitical developments. Their main target appears to be a lower low, below the recent 14,430 low, in [..]

Technical Analysis – US 100 cash index close to a key trendline

Posted on October 12, 2023 at 7:40 am GMT

US 100 cash index continues its strong short-term upleg Strong reaction higher amidst challenging market environment Momentum indicators mostly point to a continuation of the current move The US 100 cash index is in the green again today, recording its fifth consecutive positive session. It has been aggressively moving higher from September lows with the US 100 index now trading a tad below the key July 19, 2023 descending trendline. The bulls need a new higher high, above the September 1 peak [..]

Will Q3 earnings season halt the retreat in stocks? – Stock Markets

Posted on October 6, 2023 at 7:40 am GMT

Earnings parade unofficially starts next week as stocks undergo a downside correction A 0.1% annual earnings drop projected for the S&P 500, forecasts revised higher Surging Treasury yields bite stocks, raging dollar an additional headwind US indices retreat as investors face ‘higher for longer’ reality In the third quarter, US stocks gave back some of their impressive 2023 gains as markets started bracing for a protracted period of high interest rates. As a result, US Treasury yields have been on the rise across the board, with [..]

Are stock markets still overvalued? – Special Report

Posted on October 5, 2023 at 9:29 am GMT

Stock markets have retreated lately, as bond yields stormed higher But equity valuations are still stretched and earnings growth is stagnant Sky-high yields and global slowdown could keep markets under pressure Stocks drop as yields soar The phenomenal rally on Wall Street lost some steam in the third quarter, mostly because of the seismic moves in bond markets. Yields on US government bonds have risen to their highest levels since the financial crisis, boosted by bets that interest rates will [..]

Market Comment – Dollar pulls back after weak private payrolls report

Posted on October 5, 2023 at 8:11 am GMT

ADP reveals lower-than-expected increase in private payrolls Dollar retreats as investors lower their implied Fed rate path Yen gains, but long-lasting recovery remains questionable Wall Street bounces off lows, oil tumbles Dollar slips as ADP report disappoints The US dollar pulled back on Wednesday and continued trading on the back foot today, after the ADP National Employment Report revealed that US private payrolls increased by far less than expected in September, suggesting that the labor market is indeed feeling the [..]

Market Comment – Yen surges after possible intervention

Posted on October 4, 2023 at 8:19 am GMT

Yen spikes after breaching the 150-per-dollar mark Markets suspect intervention, but officials do not confirm Dollar charges higher on more upbeat US data Wall Street and gold suffer as dollar and yields extend rally Yen surges, stoking intervention speculation The yen was the sole major currency to end Tuesday with gains against the US dollar, unexpectedly and instantly surging after dollar/yen breached the 150 level. That barrier was closely monitored by traders and considered as the line in the sand, [..]

Technical Analysis – US 100 cash index could see another bullish move

Posted on October 3, 2023 at 7:47 am GMT

The US 100 cash index is edging lower today after four green candles The bearish series of lower lows and lower highs remain intact The momentum indicators point to a continuation of the current upleg The US 100 cash index is in the red today as the short-term bearish trend since the July 19, 2023 peak remains firmly in place. The bulls are trying to stage an upleg but they need a new higher high, above the latest peak of 15,628, [..]

Stocks tumble as VIX spikes to highest level since May – Stock Markets

Posted on September 28, 2023 at 11:41 am GMT

US equity indices retreat as investors face ‘higher for longer’ reality Wall Street’s fear gauge, VIX, posts a fresh 4-month peak Treasury yields surge to consecutive cycle highs, increasing appetite for bonds Bearish sentiment pervades Wall Street Equity markets have been under downside pressure lately as investors are bracing for a protracted period of high interest rates. On Tuesday, the US CB Consumer Confidence index slumped to a four-month low, reflecting rising fears over a deteriorating economic outlook and renewed inflationary [..]

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