All Articles Tagged - US500

Daily Market Comment – Recession fears weigh as Fed stays hawkish after poor US retail sales

Posted on April 17, 2023 at 8:47 am GMT

US retail sales disappoint but Fed does not budge on its hawkish stance Dollar holds firm after Friday’s gains, stocks find some support from strong bank earnings But markets overall steady as busy data and earnings week gets underway Weak data revives recession jitters Recession fears are elevated after retail sales figures out of the United States on Friday pointed to slowing consumer demand in the world’s largest economy. Headline retail sales slumped by a worse-than-expected 1.0% in March compared [..]

Daily Market Comment – Dollar’s woes deepen ahead of US retail sales data, stocks rejoice

Posted on April 14, 2023 at 8:57 am GMT

US dollar slumps to one-year low as soft data bolsters case for Fed pause Wall Street rallies on Fed bets, but bank earnings pose a downside risk Fed-ECB divergence pushes euro towards $1.11, yen selloff eases Fed pause seen more likely after latest US data batch It’s been another week of underwhelming data releases out of the United States, and after the latest figures on consumer and producer prices added to the softening economic picture highlighted by last week’s ISM [..]

Daily Market Comment – Wall Street and dollar see-saw as Fed rate path steepens

Posted on April 11, 2023 at 8:15 am GMT

US stocks stage late rebound despite ratcheting up of Fed rate hike bets Asian mood also perks up as regional central banks seen on pause Dollar extends post-NFP gains before easing again; US CPI the main focus US equities attempt a come-back ahead of earnings Wall Street experienced a see-saw session on Monday as traders had the first chance to respond to Friday’s NFP report when the market was closed for the Easter break. The S&P 500 and Nasdaq both [..]

Technical Analysis – US 500 index ticks up above 4,000 and the medium-term uptrend lines

Posted on April 3, 2023 at 12:59 pm GMT

The US 500 cash index has surged more than 3.5% over the last three days, overcoming the 4,100 level. However, the technical oscillators appear overbought. The RSI is pointing down in the positive territory, while the stochastic is turning lower above the 80 level, suggesting that the bullish move in the market may come to an end soon. Also, the index is still standing above the simple moving averages (SMAs) and the medium-term uptrend lines. Should the index manage to strengthen its positive momentum, the next resistance [..]

Daily Market Comment – Stocks headed for quarterly gains despite turmoil, dollar set for losses

Posted on March 31, 2023 at 9:26 am GMT

Equities to end week and quarter in buoyant mood as tech-led rebound gathers pace Fed speakers keep rate hike door wide open, dollar firms but still down in Q1 Tokyo CPI beat unable to halt yen’s slide, US and Eurozone inflation coming up next Stocks shrug off banking mess as turbulent quarter closes Equity markets may have taken a strong knock from the banking crisis, which sprung out of the blue earlier this month, but the speed at which they [..]

Daily Market Comment – Equities extend cautious rebound, dollar slips as bank stocks rally

Posted on March 28, 2023 at 9:06 am GMT

Banking turmoil subsides further, sparking rotation away from tech into financials Deutsche Bank joins in the rally as officials play down concerns Dollar stays pressured as Fed rate cut bets remain in play, US data eyed Banking jitters ease again as mood improves Fears about a deeper banking crisis receded further on Tuesday, giving risky assets another leg up as beaten down bank stocks attempted a rebound. Concerted efforts by the US Treasury and Federal Reserve to prop up the [..]

US500 cash index: Top-down Technical Analysis – Special Report

Posted on March 15, 2023 at 3:49 pm GMT

During tumultuous times like the current post-SVB collapse period, the top-down technical analysis could be the compass for market investors/traders. Focusing on multiple timeframes can protect from decisions based purely on the very short-term periods examined. This process tends to be more time-consuming and understandably most traders ignore it, but the benefits clearly outweigh the negatives. In this report we analyse the US500 cash index, which along with other stock indices continues to feel the banking sector aftershocks, starting from [..]

Daily Market Comment – Markets rebound, then falter as fears grow over Credit Suisse

Posted on March 15, 2023 at 10:31 am GMT

SVB contagion fears continue to recede, spurring a global rebound in stock markets But the mood sours again as Credit Suisse shares sink, euro skids Treasury yields make a partial recovery, Fed rate hike path steepens only slightly US CPI not much help to wounded dollar as focus turns to ECB decision Risk appetite on the mend but new risks arise Investor jitters following the biggest US bank failures since the 2008 financial crisis abated further on Tuesday as a [..]

Daily Market Comment – Dollar slips from highs ahead of ISM services as stocks defy soaring yields

Posted on March 3, 2023 at 10:11 am GMT

Dollar eases from highs as yields rally pauses for breath ahead of ISM services PMI But Wall Street bounces back as Fed officials hint at ‘steady as she goes’ approach Euro fights back as ECB hawkish soundbites keep coming, yen mixed on BoJ doubts Supercharged bond yields take a breather Government bond yields in Europe and the United States scaled new heights this week as investors were once again caught off guard by fresh evidence of persisting inflationary pressures. Most [..]

Daily Market Comment – Higher for longer Fed bets fortified after PCE inflation jump

Posted on February 27, 2023 at 10:15 am GMT

PCE inflation creeps up unexpectedly, pushing Fed’s terminal rate bets higher Yields surge again, dollar hits 7-week high as Wall Street tumbles Gold sinks too but pound perks up as Northern Ireland deal with EU eyed Disinflation doubt after core PCE shock The run of downside surprises in US inflation data has well and truly come to an end, at least for now, after the latest PCE price figures followed the CPI report in coming in above expectations. The Fed’s [..]

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