All Articles Tagged - US30

Daily Market Comment – US stocks carve out new highs ahead of Nonfarm Payrolls

Posted on January 10, 2020 at 9:16 am GMT

Wall Street hits new records and US jobs data today may add fuel to the rally Canada’s employment figures also due – asymmetric risk for loonie? Pound drops on dovish BoE comments and may still have some way to go Nonfarm payrolls: More fuel for stocks? The main event today will be the US employment report for December. Nonfarm payrolls (NFP) are forecast to clock in at 164k, less than the astounding 266k in November, but still a solid number [..]

Daily Market Comment – Iran attacks US bases, but risk aversion doesn’t last

Posted on January 8, 2020 at 9:16 am GMT

Safe havens spike higher, stocks drop as Iran hits US bases in Iraq Yet, risk aversion fades as both sides show little appetite for more escalation Meanwhile, dollar advances on healthy US data, aussie burned by wildfires Oil and gold jump, stock futures briefly dip after Iran strikes back Tehran didn’t take long to retaliate against the US assassination of its most powerful general, as overnight Iran attacked with ballistic missiles two military bases in Iraq that are hosting American [..]

Daily Market Comment – Gold levitates higher, Wall Street and dollar retreat

Posted on December 31, 2019 at 9:09 am GMT

Gold freight train rolls past $1520, fueled by decline in dollar & Treasury yields US stocks pull back despite positive trade news – will Trump target the EU next? Have a great New Year! Gold extends gains on weaker dollar, lower yields A broad-based decline in the US dollar remains the dominant theme in the holiday-thinned FX market, even in the absence of any noteworthy headlines. The retreat in the greenback is ‘lifting all boats’, with the New Zealand dollar [..]

Daily Market Comment – Wall Street hits new highs for Christmas; gold gains too

Posted on December 24, 2019 at 9:00 am GMT

Dow Jones lifted by Boeing, aussie and kiwi follow stocks higher Sterling edges lower as Brexit worries persist Gold does its own thing again – swims against the risk-on tide US stocks close at fresh records; aussie and kiwi climb as well Another day, another record close for all three major US equity indices, this time with the Dow Jones (+0.34%) leading the pack. The price-weighted index was propelled higher by some gains in Boeing (+2.9%), which has the highest [..]

Technical Analysis – US 30 index retracts from all-time-peak as momentum fades

Posted on December 17, 2019 at 2:20 pm GMT

US 30 stock index’s appreciation appears to have paused after it withdrew from the recently logged all-time-high of 28,336. Although positive momentum seems to have weakened, the bigger positive picture continues to be assisted by the upward slopes in the simple moving averages (SMAs) and the bullish crossover of the 100-period SMA by the 50-period one. The short-term oscillators reflect a stall in the market yet lean towards a positive outlook. The MACD deep in the positive region, has slipped [..]

Daily Market Comment – Pound storms higher as Tories win; stocks hit new records on US-China deal

Posted on December 13, 2019 at 9:30 am GMT

Cable touches $1.35 as Conservatives win majority – but mind the risks on the horizon Yen disintegrates, stocks soar as US and China reportedly reach partial trade deal ECB provides little new; US retail sales the focus today Sterling flies as Conservatives secure big majority in Parliament The British pound exploded higher overnight, after exit polls for the UK election suggested that Boris Johnson’s Conservatives would win a strong majority in Parliament, something confirmed by the official results a few [..]

Daily Market Comment – Britain votes; Lagarde makes her ECB entrance

Posted on December 12, 2019 at 9:22 am GMT

UK election firmly in the spotlight as voting begins – results early on Friday ECB meets today, though any major market reaction is unlikely Fed signals no rate cuts in 2020, but Powell still talks the dollar down Brits elect their new government – lopsided risks for pound? The day of political reckoning has finally arrived for the United Kingdom. The much-anticipated general election will be held today, and the result will decide what form Brexit takes, whether there’s a [..]

Daily Market Comment – Fed meets, new ‘dot plot’ could lift dollar

Posted on December 11, 2019 at 9:02 am GMT

Fed to stay on hold today; dollar may get a mild boost if ‘dots’ show no cuts in 2020 Sterling retreats as model-based poll saps hopes for a Tory majority Risk aversion fades after reports Washington may postpone upcoming tariffs Fed on hold, all eyes on the new ‘dots’ The spotlight will fall on the Federal Reserve today, which will conclude its policy meeting at 19:00 GMT. After slashing rates at the last three meetings, policymakers are now expected to [..]

Daily Market Comment – Dollar jumps on solid NFP; markets brace for huge week

Posted on December 9, 2019 at 9:21 am GMT

Greenback and stocks cheer after blockbuster jobs report, but yen tells a different story Loonie nosedives on weak employment data, despite higher oil prices Calendar is low key today, but week is packed: Fed, ECB, UK election, tariff decision Dollar shoots higher as nonfarm payrolls smash expectations It was all about the US employment data on Friday, which easily beat forecasts. Nonfarm payrolls clocked in at 266k, much higher than the expected 180k, with last month’s print also revised up. [..]

Daily Market Comment – US employment data to dictate mood; OPEC can’t lift oil

Posted on December 6, 2019 at 9:08 am GMT

Spotlight falls on the US jobs report today; risks around dollar asymmetric Is European fiscal stimulus not a pipe dream after all? OPEC pledges deeper production cuts, but oil doesn’t ‘buy it’ In Britain, Boris Johnson debates Jeremy Corbyn for the final time Nonfarm payrolls: Mind the asymmetry The main event today will be the US employment report for November, due at 13:30 GMT. Forecasts point to another solid data set, with nonfarm payrolls (NFP) expected to clock in at [..]

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