All Articles Tagged - US100cash

Technical Analysis – US 100 cash index is lower again today; sell-off could have legs

Posted on September 21, 2023 at 9:06 am GMT

The US 100 index is edging lower today, testing the support of the 100-day SMA Bears are trying to recover part of their significant losses since the March 2023 lows The pullback could continue according to the momentum indicators Recent market events have changed the sentiment in the US 100 cash index and the bears appear to have the upper hand at this juncture. The index is recording its third consecutive red candle as the bears are probably aiming to achieve [..]

Tech stocks wobble on rising yields and chip demand worries ahead of Fed decision – Stock Markets

Posted on September 20, 2023 at 10:28 am GMT

Stocks slide as Treasury yields advance ahead of FOMC rate decision Worries over chip demand outlook casts shadows over AI growth prospects Instacart validates tech IPO resurgence, but can the excitement last? Surging yields bite stocks as inflation fears re-emerge Undoubtedly, the main event of the week is the FOMC interest rate decision later on Wednesday, which will be accompanied by the updated dot plot and a summary of the latest economic projections. Markets are convinced that the Fed will [..]

Stocks cheer mixed CPI report, trade wars migrate to more sectors – Stock Markets

Posted on September 14, 2023 at 3:13 pm GMT

Markets post a risk-on session despite hotter-than-expected headline CPI Renewed trade tensions affect electric vehicle manufacturer stocks and Apple Tech giants discuss with US lawmakers over the need for AI regulation Equities gain despite upbeat inflation reading On Wednesday, markets got an updated US inflation report, which was highly anticipated as it would assess the impact of surging energy prices on the economy. The headline rate accelerated to 3.7% on an annual basis in August versus the 3.6% projection, while [..]

Market Comment – ISM non-mfg PMI highlights resilience of US economy

Posted on September 7, 2023 at 8:17 am GMT

US service sector unexpectedly gathers momentum ECB officials keep a hike for next week on the table BoE Gov. Bailey says they are ‘much nearer’ to rate peak Wall Street slides as ISM PMI stokes inflation worries Dollar receives boost from ISM non-mfg PMI The US dollar ended Wednesday virtually unchanged against most of the other major currencies, gaining decent ground only against the pound and the franc. The greenback got a strong boost after the ISM non-manufacturing PMI unexpectedly [..]

Can equities keep ignoring downside risks? – Stock Markets

Posted on September 6, 2023 at 1:36 pm GMT

Major US stock indices have rallied hard in 2023, with the Nasdaq 100 and S&P 500 gaining around 33% and 17% year-to-date, respectively. Surprisingly, this stellar performance has come in a period of rising interest rates, slowing economic growth and declining corporate earnings. As major economies are starting to feel the lagging effect of high interest rates, which is casting shadows over the global economic growth outlook, will the stock market rally start to fizzle out? Equity analysts seem way [..]

Technical Analysis – US 100 index throws doubt on the latest bear attack

Posted on August 31, 2023 at 2:43 pm GMT

The US 100 stock index (cash) will be closely watched throughout the day as the bulls re-examine the tentative short-term descending trendline drawn from July’s 1½-year high at 15,480. A decisive step above that bar at 15,480 would call into question the downfall from recent highs, likely motivating an ascent towards the 15,800-15,930 ceiling. A victory at this point could produce another upleg to the 16,280 constraining zone, while higher, the focus will immediately fall on the resistance line that rejected the price [..]

What’s behind Nasdaq’s first monthly loss in 6 months? – Stock Markets

Posted on August 30, 2023 at 2:12 pm GMT

As the Q2 earnings season draws to an end and market participants are digesting the Fed’s updated view on the interest rate trajectory and inflation outlook, major US indices are heading for their first monthly loss in six months. Nvidia’s upbeat earnings solidified the view that Artificial Intelligence (AI) is currently the biggest growth lever in the economy, but that did not manage to prevent the Nasdaq from forming a red monthly candlestick. Is the year-to-date stock market rally starting to fizzle out? Earnings fail to impress The last few weeks [..]

Market Comment – Dollar falls as US data reinforce Fed pause case

Posted on August 30, 2023 at 8:36 am GMT

Dollar slides as job openings drop to a 2-1/2 year low ADP report and 2nd estimate of US GDP on today’s agenda Euro awaits German CPIs ahead of Eurozone inflation numbers Wall Street extends gains, Nasdaq the big winner Weak job openings push dollar and yields lower The US dollar tumbled against all the other major currencies on Tuesday and Treasury yields extended their retreat after data showed that job openings in the US fell in July and that consumer [..]

Market Comment – Dollar pulls back ahead of key US data

Posted on August 29, 2023 at 8:32 am GMT

Dollar traders turn cautious ahead of important data Yen stays pressured as yield differentials stay in the spotlight Wall Street records gains as Powell refrains from committing to more hikes Traders await key US data, Friday’s NFP the highlight The dollar pulled back against most of the other major currencies on Monday, extending gains only against the Japanese yen. Today, the greenback is trading lower or unchanged. Following the balanced remarks by Fed Chair Powell at Jackson Hole, who left [..]

Market Comment – Dollar trades mixed, awaiting Powell’s speech; Euro slides on PMIs

Posted on August 23, 2023 at 8:14 am GMT

Dollar trades mixed as Jackson Hole draws closer Fed’s Barkin sees reacceleration scenario Euro falls on PMIs, UK PMIs next Wall Street turns spotlight to Nvidia earnings Fed’s Barkin adds to the likelihood of more Fed hikes The US dollar traded mixed against the other major currencies on Tuesday as traders may be reluctant to assume large positions ahead of the Jackson Hole economic symposium and Fed Chair Powell’s speech on Friday. With the Fed turning data dependent and US [..]

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