All Articles Tagged - US30

Daily Market Comment – Stocks falter, dollar surges amid lockdown gloom, US tax hike talk

Posted on March 24, 2021 at 10:08 am GMT

Risk aversion enters full gear as Yellen’s tax hike signals and European lockdowns sap sentiment Dollar climbs to 4-month high, yen surges too, bond yields slip further amid flight to safety Stocks slide deeper into the red but Wall Street futures point to a brighter start today Mood sours further on lockdown and tax hike fears Traders continued to rush into safe havens while dumping risk assets on Wednesday as a synchronized global recovery looked increasingly doubtful, prompting many investors [..]

US Open Note – Stocks and gold steady, dollar reveals brawn, oil slips

Posted on March 23, 2021 at 2:08 pm GMT

Stocks find footing, dollar takes throne, Chair Powell eyed Stocks halted earlier Asian losses and are stabilizing somewhat, emanating subdued risk sentiment, ahead of Chair Powell’s forthcoming testimony and a number of FOMC member speeches. Markets remain manoeuvred by rising yields and COVID-19 related-barriers and worries, as the inflation narrative has taken the back seat. Nevertheless, the dollar’s attractiveness may soon elevate further, if President Biden’s administration manages to bring to fruition another $3 trillion of infrastructure spending. The dollar [..]

US Open Note – Dollar steady, US futures struggle and euro slips

Posted on March 19, 2021 at 1:29 pm GMT

Dollar in horizontal mode; euro below 1.19 A quiet day is on the cards, as reflected in forex and stock markets, with the US dollar moving slightly lower versus the Japanese yen below 109.00, while the dollar index is hovering above the 50- and 100-day simple moving averages (SMAs). Euro/dollar has slipped below the 1.1900 handle and is trying to break to the downside the nine-month ascending channel. Pound/dollar is moving with weak momentum while euro/pound is climbing above the [..]

Daily Market Comment – Nasdaq sinks as US yields spike, oil tumbles on demand worries

Posted on March 19, 2021 at 10:15 am GMT

Markets rattled by post-Fed jump in Treasury yields, though bond markets steadier today Dollar eases from highs, yen firms slightly on Bank of Japan’s policy tweaks Oil slumps to one-month lows on demand fears amid fresh European lockdowns Bond selloff gathers pace after Fed’s ‘green light’ Bond markets were left reeling on Friday following the selloff on Thursday in the aftermath of the Federal Reserve’s ‘lower for longer’ commitment. The yields on 10- and 30-year Treasury notes skyrocketed to fresh [..]

Technical Analysis – US 30 index resumes its climb to unmapped peaks

Posted on March 18, 2021 at 4:24 pm GMT

The US 30 stock index (Cash) is stepping up to fresh all-time highs, currently around 33,210, after its latest bounce off the Ichimoku cloud’s upper frontier at 30,542. The bullish Ichimoku lines are endorsing the recent positive sentiment in the index, while the advancing simple moving averages (SMAs) are safeguarding the bullish structure. Furthermore, the short-term oscillators are conveying encouraging signals in upside momentum. The MACD, in the positive region, is growing above its red trigger line, while the RSI [..]

US Open Note – US futures slip, dollar edges up and pound eases after BoE decision

Posted on March 18, 2021 at 1:32 pm GMT

Dollar points up again; Pound eases after BoE decision Thursday brought some mild risk-on trading back on the surface after the release of the Bank of England (BoE) decision, which comes hot on the heels of the Fed’s dovish statement yesterday. The US dollar moved broadly higher as the euro/dollar fell to around 1.1925, below the 200-day SMA, while cable is declining slightly after the dovish Bank of England (BoE) decision to hold interest rates at a record low of 0.1%. Policymakers mentioned that UK GDP is anticipated recover during 2021 to achieve reach pre-coronavirus levels, [..]

Daily Market Comment – Dovish Fed lifts Wall Street, but can’t keep yields down

Posted on March 18, 2021 at 10:00 am GMT

Fed maintains dovish rate path despite upping growth and inflation forecasts Dow Jones and S&P 500 hit new records; Nasdaq rises too before futures slip Dollar falls but then rebounds as 10-year Treasury yields resume climb BoE decision up next, pound steady; yen see-saws on BoJ rumours Fed reiterates rate outlook, not worried about yields The Federal Reserve bumped up its growth and inflation projections in its latest meeting on Wednesday even as the majority of policymakers predicted that rates [..]

US Open Note – Stocks soften, dollar flashes green, FOMC draws focus

Posted on March 17, 2021 at 2:04 pm GMT

FOMC jitters, dollar steps up, CAD inflation There seems to be a calm before the storm in markets today, with momentum somewhat having dried up in a climate of economic optimism. The FOMC nerves seem to have benched market players, despite expectations for the Fed to stick to its current course of action, now that accelerated jabs are reaching peoples arms and stimulus relief and government spending will soon start to show face in the economy. The main narrative seems [..]

US Open Note – Dollar freezes in calm day; Vaccine rollout gets delayed

Posted on March 16, 2021 at 1:59 pm GMT

Dollar holds firm; S&P 500 flies to record high The market today is calm as investors are all waiting on the Fed tomorrow to commit to any firm moves. The FOMC is starting a two-day meeting that will end tomorrow and no change in policy is predicted, but the forward guidance for interest rates and asset purchases will be crucial. Stock futures are almost flat today and the bond market is virtually unchanged, so this looks like a market waiting for guidance from the Fed. European stocks/equities/markets are [..]

Technical Analysis – US 30 index takes a breather; upside risks remain

Posted on March 12, 2021 at 1:27 pm GMT

The US 30 stock index (Cash) is retreating somewhat from its new all-time high of 32,660, which happens to be the 138.2% Fibonacci extension of the down leg from 32,073 until 30,542 – the latter being the trough where the one week rally pushed off from. The advancing simple moving averages (SMAs) are endorsing the positive picture in the index, while the bullish crossover of 100-period SMA by the 50-period one – with a freshly steepened inclined – is further [..]

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