All Articles Tagged - US30

Daily Market Comment – RBA cuts, but aussie won’t stay down; dollar recovers

Posted on July 2, 2019 at 7:57 am GMT

RBA reduces rates again, but aussie remains unfazed Dollar recovers as July rate-cut bets are scaled back EU leaders resume talks over top jobs; Global PMIs due RBA cuts, but can’t keep the aussie down The Reserve Bank of Australia (RBA) slashed interest rates earlier today, for the second time in two meetings, indicating that the move will help reduce unemployment and boost inflation. The cut was widely signaled in advance and largely priced in ahead of the event, so [..]

Daily Market Comment – US and China agree to ceasefire, stocks & dollar cheer

Posted on July 1, 2019 at 8:21 am GMT

Trade ceasefire propels stocks and dollar higher, sends safe havens lower Oil rejoices on trade truce and OPEC agreement ISM manufacturing PMI today may be crucial for Fed expectations Risk sentiment lifted as Trump & Xi decide to restart trade talks The pivotal meeting between the American and Chinese leaders concluded with the two sides agreeing to restart trade negotiations and hold off on imposing any new tariffs ‘for the time being’. What stood out was that the US also [..]

Week ahead – Trump finally meets Xi; RBA and OPEC decide ahead of US payrolls

Posted on June 28, 2019 at 12:09 pm GMT

It’s another action-packed week, with the pivotal G20 summit that will decide how risk sentiment develops, finally upon us. Elsewhere, the Reserve Bank of Australia (RBA) is expected to slash rates again, while oil traders will pay close attention to the OPEC meeting. Economic data are not in short supply either, with the US employment report likely to add the final touches to expectations around how deep the Fed will cut in July. Trump-Xi meeting at G20 paramount for risk [..]

Daily Market Comment – Stocks soar to new records after Fed; oil gains

Posted on June 21, 2019 at 7:49 am GMT

US stocks soar to new all-time highs after Fed European PMIs give the euro a helping hand UK leadership contest reaches final two – sterling outlook neutral Oil advances as supply concerns heighten, demand picture brightens Fed’s dovish signals propel US stocks to new records Stock markets have been among the main beneficiaries after the Fed laid the groundwork for near-term rate cuts, with the benchmark S&P 500 (+0.95%) index closing at a fresh record high yesterday. Falling interest rates [..]

Technical Analysis – US30 index returns to record highs

Posted on June 20, 2019 at 2:54 pm GMT

US30 stock index (Dow Jones) is currently flirting with May’s peak of 26,707 but the positive momentum in the MACD, which trends above its red signal line, suggests that September’s record high of 26,951 could be achievable as well. Still, the RSI warns that the market is approaching overbought territory and hence downside corrections cannot be ruled out. Clearing the 26,951 ceiling, the bulls would aim to test the uncharted area between 27,000 and 27,500. Otherwise, if the market weakens [..]

Daily Market Comment – Fed confirms rate cuts loom, dollar crumbles

Posted on June 20, 2019 at 7:45 am GMT

Fed was remarkably dovish, sending the dollar lower BoE meets today; sterling may gain a little on reaffirmation of tightening bias Loonie flies as BoC may be the sole ‘island of neutrality’ Dollar tanks, gold soars as Fed signals incoming cuts The Fed kept rates unchanged yesterday, but the meeting wasn’t short of excitement as policymakers endorsed the market’s expectations for rate cuts as much as possible. One official voted for an immediate cut, while the Committee as a whole [..]

Daily Market Comment – Fed meets; will Chair Powell be dovish enough?

Posted on June 19, 2019 at 7:53 am GMT

All eyes on Fed – Powell may have trouble satisfying the bears Euro cruises lower as Draghi signals more stimulus Stocks roar higher as Trump-Xi agree to meet at G20 UK & Canadian inflation data coming up Fed meeting: Dovish, but enough to appease the market? The main event today will be the Fed policy decision at 18:00 GMT, followed by a press conference from Chairman Powell half an hour later. A more dovish tone seems almost certain in light [..]

Daily Market Comment – Markets await central bank signals; pound slides

Posted on June 18, 2019 at 8:07 am GMT

Markets look to ECB forum today for easing hints – Draghi torpedoes euro Pound takes another hit ahead of more Tory leadership votes Aussie drops after RBA minutes reaffirm dovish stance Traders await signals as central bankers gather under one roof Markets continue to trade in a relatively quiet manner, with limited movements in most currencies and stocks as investors remain wary of increasing their risk exposure ahead of pivotal events this week – most notably, the Fed decision tomorrow. With [..]

Daily Market Comment – Stocks rally on Powell boost, dollar sinks further

Posted on June 5, 2019 at 8:20 am GMT

Global stocks receive a major boost from Fed’s Powell after he opens the door to a rate cut But rising rate cut expectations pull the US dollar to fresh lows Aussie extends gains despite weaker-than-expected GDP growth Stocks surge after Powell’s comments Fed Chairman Jerome Powell paved the way for a rate cut on Tuesday, in his first remarks since the collapse of the US-China trade talks. Speaking at a Fed event in Chicago, Powell referred to the recent spike [..]

Daily Market Comment – Yen shines bright as Trump slaps tariffs on Mexico

Posted on May 31, 2019 at 7:47 am GMT

Risk aversion engulfs markets after US unleashes more trade havoc Dollar holds its ground even as Fed easing bets grow further US PCE inflation, German preliminary CPIs, and Canadian GDP due today Yen soars, loonie & peso crumble as Trump fires another tariff salvo Following a relatively calm session yesterday, risk aversion returned with a vengeance early on Friday, after the US President announced new tariffs overnight. All goods coming to the US from Mexico after June 10 will be [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US30

XM Live Chat