All Articles Tagged - US500

Daily Market Comment – Fed signals downshift, lifting Wall Street, but dollar sags

Posted on January 23, 2023 at 10:47 am GMT

Fed officials warm up to 25-bps rate hikes, cheering equity markets But dollar takes a hit, stands firm only against sinking yen Euro powers on as ECB hawk puts foot down, flash PMIs eyed Fed enters blackout with a nod to slower hikes Trading got off to a quieter start on Monday, as China and other major markets in Asia are closed for the Lunar New Year celebrations, and Friday’s risk rally lost some steam, but the positive sentiment continued [..]

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 [..]

“Five-day” rule points to positive annual US 500 performance – which sectors will lead? – Special Report

Posted on January 10, 2023 at 8:47 am GMT

The performance of the US 500 cash index on the first five days of the new trading year has been positive. Based on the famous “five-day” rule and our historical analysis, there is a 76% probability that the annual return would be positive in 2023, with an average annual return of 21%. The bulls could cherish these results but what about the US 500 sectors? Are there any sectors that follow more closely this rule and, therefore, could potentially be the [..]

Daily Market Comment – Markets rally after softer wage growth tempers Fed bets

Posted on January 9, 2023 at 10:05 am GMT

Another solid jobs report in December but easing wages raise soft landing hopes Wall Street and global equities rally as China reopening adds to optimism Commodities climb too as dollar approaches 7-month lows Markets cheer US data pointing to slowing economy Friday’s flurry of data produced a distinguishingly mixed picture on the US economy but for the markets, it was an all-round positive day as traders grew more confident that inflationary pressures are ebbing. The first piece of good news for [..]

Technical Analysis – US 500 cash index breaks rectangle; could this move last?

Posted on January 9, 2023 at 9:16 am GMT

The US 500 cash index has broken the upper boundary of imperfect rectangle it has been trading since December 20, but it is currently giving back some of the gains. This appears to be logical given the mixed signals provided by the momentum indicators. The RSI edged higher but now appears to be reevaluating, while the Average Directional Movement Index (ADX) seems unimpressed as it remains pinned down below the 25-level threshold. And the stochastic oscillator is once again complicating the overall [..]

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 [..]

Daily Market Comment – Rising yields pressure stocks, Tesla sinks, but dollar stuck in tight range

Posted on December 28, 2022 at 10:16 am GMT

Growth stocks feel the heat of yields resurgence, plunging Tesla sends Nasdaq diving BoJ knocks down yen again, but other major FX pairs stuck in narrow ranges Gold and oil pare back gains as dollar regains some footing Bond yields stage surprise year-end rally, stocks don’t like it Markets have turned choppy as trading winds down for the year. With just three trading days remaining and very few significant developments for investors to sift through, the bond market is taking [..]

Daily Market Comment – Stocks eke out gains on China boost as Fed worries linger

Posted on December 27, 2022 at 10:14 am GMT

China reopens its borders, lifting jittery stocks in quiet holiday week Improved sentiment hurts dollar and yen; latter also weighed by Kuroda Oil extends gains on China news and US winter storm disruption China scraps quarantine rules, helps spread some festive joy Risk appetite was on the rise on Tuesday following China’s announcement yesterday that inbound travellers will no longer have to quarantine as of next month. The decision comes even as daily infections continue to surge across many parts [..]

Daily Market Comment – Yen holds onto gains as stocks catch a bid

Posted on December 21, 2022 at 10:29 am GMT

Yen rally eases but maintains bullish momentum JGB yields spike again, hitting BoJ’s new upper cap Stocks perk up as Wall Street ends losing streak Yen has best day since 1998 The Japanese yen enjoyed its best day since 1998 on Tuesday following the Bank of Japan’s surprise move to widen the yield cap on 10-year bonds. Although the BoJ has been careful to present the shock decision as a necessary tweak to improve the functioning of the bond market, [..]

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.

US500

XM Live Chat