All Articles Tagged - US30

Daily Market Comment – US yields rally cools, dollar slips, stocks bounce back

Posted on April 14, 2022 at 9:07 am GMT

Treasury yields ease back as Fed’s Waller fuels hopes of inflation peaking Dollar skids, Wall Street rallies despite mixed earnings Euro edges up ahead of ECB decision, loonie buoyed by BoC hike Yields retreat, shrug off record rise in US producer prices US Treasury yields are heading lower for the third day on Thursday, with the 10-year yield slipping below 2.70%, as the recent heightened expectations that the Federal Reserve will hike rates very aggressively eased somewhat. A slightly softer-than-expected [..]

Technical Analysis – US 30 index bounces on 200 MA but downside risks linger

Posted on April 13, 2022 at 1:48 pm GMT

The US 30 stock index (Cash) rebounded on the 200-period simple moving average (SMA) at 34,146, as sellers tried to intensify the two-week deterioration in the index from the 35,378 price region. The converging longer-term 100- and 200-period SMAs are not reflecting a dominant trend, while the falling 50-period SMA, is endorsing the negative price action. Currently, the short-term oscillators are suggesting that a bearish tone is lingering. The MACD, is below the zero mark and has returned slightly beneath [..]

US Open Note – BoC decision in the spotlight; dollar still rises

Posted on April 13, 2022 at 1:05 pm GMT

Dollar holds its bullish tone Officials at the Federal Reserve have not changed their hawkish stance. Governor Brainard commented that the Fed’s top priority is to combat inflation and it will implement a policy of neutrality “expeditiously.” Brainard also stated that Russia’s incursion into Ukraine raises inflation concerns, and if it continues, those concerns will only grow as the supply chain troubles worsen. The governor noted that, with this year’s fiscal impact, financial circumstances are already tightening, which will reduce consumption. The dollar is holding its ground, helped [..]

US Open Note – Dollar turns lower after CPI data; oil climbs by 4%

Posted on April 12, 2022 at 1:15 pm GMT

US CPI surpasses forecast, rising to 8.5% Interest rates in the United States continue to rise. The 10-year yield traded near a fresh cycle high of 2.83% and is on course to hit the October 2018 high of 3.26%. This has sent the dollar index beyond the 100 mark for the first time in over two years but after the CPI data, it returned near its opening level, while dollar/yen is hovering below the six-and-a-half-year high of 125.76 posted yesterday. The [..]

Daily Market Comment – Dollar powers ahead as US yields keep surging; central banks in focus

Posted on April 11, 2022 at 9:38 am GMT

Dollar at 2-year high as Treasuries rout deepens, puts Wall Street on backfoot ahead of earnings Euro edges up after Macron survives round 1 of election, spotlight now on ECB Chinese yuan and stocks slip amid lockdown havoc, oil can’t take the heat either US real yields approach zero, dollar shines, stocks pay the price The Fed’s latest tilt towards the far hawkish end of the dove-hawk scale continued to reverberate across markets on Monday, giving the US dollar another [..]

Technical Analysis – US 30 index strengthens as bullish bearing firms

Posted on March 30, 2022 at 2:48 pm GMT

The US 30 stock index (Cash) seems to have found fresh feet after overrunning the 35,000-35,140 resistance band, the latter being the February 16 high. The bullish 50- and 100-period simple moving averages (SMAs) are defending the recent rally from the 32,680 trough. Currently, the Ichimoku lines suggest positive forces remain in play, while the short-term oscillators are reflecting a slight withdrawal in negative momentum. The MACD, in the positive region, has poked a tad back above its red trigger [..]

US Open Note – Yen dives sharply as BoJ buys unlimited bonds; oil back below 110

Posted on March 28, 2022 at 12:53 pm GMT

Dollar/yen rises to a fresh 6-year high The Bank of Japan reaffirmed its support for its Yield Curve Control aim; a statement of its dovishness. A record was set by offering limitless 10-year JGB purchases for three consecutive days at the YCC trading band’s upper limit of 0.25%. As of February 14, this was the BOJ’s first action since 2018, which marked the beginning of such purchases. According to the BoJ, the three-day operation was aimed to bolster YCC, and the timetable and amounts might [..]

Technical Analysis – US 30 index advances become capped; downside risks linger

Posted on March 24, 2022 at 10:03 am GMT

The US 30 stock index (Cash) has retreated to the 50-day simple moving average (SMA) around 34,333 after the converged longer-term 100- and 200-day SMAs, in conjunction with the Ichimoku cloud, curbed the pace of the two-week rally from the 32,337 level. The descending 50-day SMA and the nearing of a bearish crossover of the 200-day SMA by the 100-day one, are signals that bearish pressures have yet to fully dry up. The Ichimoku lines suggest negative forces are dormant, [..]

US Open Note – US CPI and ECB meeting in the spotlight

Posted on March 10, 2022 at 2:36 pm GMT

US CPI ticks up to fresh 40-year high The annual rate of inflation in the United States increased to 7.9% in February 2022, the highest level since January 1982, in line with market predictions. Still, the worst effects of the Ukraine war and the resulting increase in energy costs are yet to come, and will be exacerbated by as a result of the sanctions against Moscow, including the US ban on Russian oil imports. Although inflation was expected to peak in March, recent events in Europe, along with persistent supply restrictions, strong demand, [..]

US Open Note – Dollar and US futures look steady; gold shines

Posted on March 8, 2022 at 1:49 pm GMT

Ukraine – Russia tensions; rouble continues the drop Russia-Ukraine peace talks have made no headway, and despite Germany’s resistance to a ban on Russian energy imports, oil futures have fallen from a 14-year high reached on Monday. Analysts expect the supply shock to linger and harm growth in the coming months. A convoy of buses are on their way to Mariupol to evacuate civilians from the southern port, which has been cut off from food, water, electricity, and heat for more [..]

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