All Articles Tagged - US30

Daily Market Comment – Dollar pauses for breath ahead of inflation data, tech rally eases

Posted on May 26, 2023 at 9:20 am GMT

Fed rate cut bets continue to be priced out, all eyes on core PCE inflation US dollar softer today but still headed for third weekly gain Debt deal progress and AI buzz lift Wall Street, global equities Fed rate cut bets pushed back as summer hike seen certain The US dollar eased off two-month highs on Friday as the three-week rally paused for breath amid the sharp repricing of the Fed’s rate path. Treasury yields also cooled off as investors [..]

Daily Market Comment – US inflation dips below 5% but dollar quickly bounces back

Posted on May 11, 2023 at 9:03 am GMT

US CPI eases to two-year low, fuelling Fed rate cut expectations Yields decline but dollar advances after limited selloff Pound in the spotlight today as BoE expected to hike again Fed pause looking more likely after CPI dip Despite some concerns that inflation would quicken in April, the latest CPI readings signalled continued progress for the Fed in its fight to restore price stability. The US consumer price index rose by 4.9% y/y last month, missing expectations that the rate [..]

Daily Market Comment – Dollar and stocks struggle amid anxious calm before the storm

Posted on April 25, 2023 at 9:17 am GMT

Tech earnings and US data awaited for direction as outlook remains clouded Lingering uncertainties drag US yields and the dollar lower; debt ceiling in focus Yen firms slightly after Ueda opens the door to future policy tightening Markets turn tense in wait-and-see mode Stocks slid on Tuesday while the US dollar crawled above fresh lows as investor anxiety was running high following a tense session on Monday amid a number of uncertainties weighing on the markets. Investors remain none the [..]

Technical Analysis – US 30 cash index advance continues

Posted on April 3, 2023 at 12:49 pm GMT

The US 30 cash index has been enjoying a strong rally since the March 15 low of 31,426, in line with other main equity markets. It managed to overcome some key levels with relative ease and it is now hovering just below the busy 33,518-33,754 range. The bulls appear to be enjoying this period and understandably so. The overall technical picture remains in their favour. The Average Directional Movement Index (ADX) is edging higher in support of the current rally. Similarly, the stochastic oscillator [..]

Equity indices continue higher unhindered – Stock Market News

Posted on February 17, 2023 at 1:58 pm GMT

Equity markets globally continue their advances unscathed by both the recent economic developments and balloon attacks. Amongst the key indices, the Italian MIB index leads the charge with a 16.2% increase since year-end, followed by Nasdaq 100 with a sizeable 13.4% rally. It is really intriguing that the European stock indices have been outperforming their US counterparts in the past 14 months. Could the European economy be in better shape than widely assumed? Stock markets are rumoured to reflect future [..]

What does the current yield curve inversion tell us about future asset performance? – Special Report

Posted on February 15, 2023 at 2:52 pm GMT

Economists and market participants enjoy identifying indicators that, according to their analysis, reveal the future economic performance. Among the plethora of such indicators, the inverted 2-year/10-year (2s10s) US yield curve holds a special place in their hearts as it has predicted the most recent recessions. At the moment, the 2s10s US curve trades at an extremely inverted level that has been seen only twice in the past 40 years. What were the economic conditions that led up to this inversion [..]

Daily Market Comment – Techs extend rally amid optimism, dollar eyes inflation data

Posted on January 27, 2023 at 9:58 am GMT

Wall Street in buoyant mood despite mixed earnings as Tesla surges Dollar firms after solid growth data, PCE inflation coming up next Yen edges up as BoJ yield policy tested again after Tokyo CPI rise Equities shrug off gloom as tech stocks rally The Nasdaq is headed for a fourth consecutive weekly gain, outperforming both the S&P 500 and the Dow Jones, as tech stocks stage a surprise comeback in 2023. The earnings season went into full gear this week [..]

Daily Market Comment – Stocks mostly positive, dollar steady in wait for US CPI

Posted on January 11, 2023 at 10:06 am GMT

Markets’ focus entirely on US inflation report after Powell does not comment on rates Stocks perk up somewhat as traders pin hopes on another CPI drop Dollar selloff aborted for now, aussie lifted by data, gold extends gains Markets on hold as CPI data awaited for direction Fed Chair Jerome Powell refrained from commenting on the interest rate outlook when he took part in a panel discussion on Tuesday, much to the relief of investors. Fears that the Fed chief [..]

Daily Market Comment – Equities turn cautious ahead of Powell after Fed speakers dent risk rally

Posted on January 10, 2023 at 10:38 am GMT

Tech stocks outperform on Wall Street as S&P 500 rebound flounders on hawkish Fed Powell and other central bank heads eyed in first key remarks of 2023 Dollar steadies but euro and gold maintain bullish bias Mood sours as Fed unwilling to defuse recession fears Hopes that a slowing American economy and easing price pressures would assuage the inflation hawks at the Fed were dealt a major blow on Monday, spoiling the post-NFP risk rally. Despite the Fed never having [..]

Daily Market Comment – Wall Street dips again on Covid and recession fears, dollar steady

Posted on December 29, 2022 at 9:56 am GMT

China’s reopening optimism turns to fears about spread of new Covid variants Stocks slump as Wall Street can’t shake off the gloom, Nasdaq approaches new lows But major currencies continue to trade sideways, dollar little changed Stocks stuck in downbeat mood There doesn’t seem to be any end in sight for the global stock rout that’s gripped equity markets since the December round of central bank gatherings. After policymakers from the Fed, ECB and others warned that there are plenty [..]

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