All Articles Tagged - US500

Daily Market Comment – Yen warnings, hawkish ECB knock down US dollar

Posted on September 9, 2022 at 9:26 am GMT

Yen slide takes a pause after Japanese officials sound alarm bells Powell out-hawks Lagarde but euro catches a bid on broader dollar pullback Pound rebounds too as Britain mourns the passing of Queen Elizabeth II Wall Street extends recovery ahead of the Fed blackout period Yen intervention scare sparks dollar profit-taking The Japanese yen rallied against the US dollar on Friday after Bank of Japan Governor Haruhiko Kuroda joined in the chorus of alarm voiced by senior officials from the [..]

Daily Market Comment – Euro eyes jumbo ECB rate hike; pound awaits Truss’ energy plan

Posted on September 8, 2022 at 9:35 am GMT

Softer dollar bolsters euro as ECB anticipated to frontload rate hikes But pound remains pressured amid angst about Truss’ energy bailout Aussie dips after RBA’s Lowe makes dovish tilt; loonie firmer after BoC Wall Street in surprise bounce back as yields and oil prices take a plunge Euro flirts with parity ahead of ECB decision The energy crisis and the pace of monetary tightening look set to dictate market sentiment once again as a busy day looms with a policy [..]

Daily Market Comment – Eurozone inflation closer to double digits, dollar reclaims its crown

Posted on September 1, 2022 at 7:59 am GMT

Record Eurozone inflation corroborates a 75bps hike Fed’s Mester gives the dollar its crown back Equities slide on the back of stronger dollar, yields rise Euro holds steady as inflation hits new record The US dollar reclaimed its throne on Wednesday, outperforming all the other major currencies. Yet, the euro held its own against its US counterpart, losing the least ground as Eurozone inflation accelerated to a new record high of 9.1% year-over-year, surpassing economists’ expectations of 9.0%. With inflation [..]

Daily Market Comment – Dollar roars higher, stocks muted amid Fed uncertainty, recession risks

Posted on August 19, 2022 at 9:27 am GMT

Dollar stretches weekly gains, hits 1-month high, on Fed talk, dimming outlook Wall Street headed for flat week as growth worries keep optimism in check Gold and oil set to end week on the backfoot, but gas prices hold near highs Markets look to Jackson Hole as Fed rate path gets blurred Sentiment was subdued on Friday as investors struggled to get an accurate reading on the US economy as well as on the Fed’s intentions about the pace of [..]

Daily Market Comment – Markets struggle for direction as Fed keeps its options open

Posted on August 18, 2022 at 8:59 am GMT

Fed minutes lean hawkish, signal ‘restrictive’ policy, but open door to slower pace Dollar stays on the front foot, Wall Street bounces off lows but then starts drifting Euro holds within range as European gas prices surge to record highs Fed pushes back on rate cut bets, markets don’t listen The Federal Reserve warned that moving to a “restrictive stance of policy” was essential in the minutes of the July meeting, as it fights to get inflation down to its [..]

Daily Market Comment – Dollar steady ahead of US retail sales, Fed minutes as stocks stay buoyant

Posted on August 17, 2022 at 8:50 am GMT

US retail giants lift recession gloom, as Dow Jones and S&P 500 extend gains But FX market focused on US data and Fed minutes, dollar stays firm Pound and kiwi reverse gains from UK inflation surprise and hawkish RBNZ Stocks stay on the bright side Equity traders continue to shrug off persisting recession worries, choosing to bet instead that a severe downturn will be avoided, at least when it comes to earnings. Walmart and Home Depot were the latest to [..]

S&P 500 resumes rebound after stumble; so has it truly bottomed out? – Special Report

Posted on August 11, 2022 at 2:31 pm GMT

The softer-than-expected US CPI print for July has kickstarted the stalled rally on Wall Street, intensifying the bullish bets that the six-month downtrend is over. The S&P 500 has been plotting an upward course over the past seven weeks, but the rebound hit a wall at its 100-period moving average (both in the daily and weekly timeframes), generating some disappointment that this was just another bear market bounce rather than a genuine trend reversal. However, if the inflationary picture continues [..]

Daily Market Comment – Stocks drift, dollar firms as markets brace for US jobs slowdown

Posted on August 5, 2022 at 9:33 am GMT

NFP report awaited as recession risks remain front and centre Dollar inches higher ahead of the jobs data, stocks drift sideways Pound regains footing after fall from BoE’s warning of long recession Oil steadies after sliding again, gold shines as yield-curve inversion deepens Jobs report to put US economy to the test Recession jitters were abound on Friday even as markets got off to a steady start following a few wobbles along the week. PMI indicators around the world painted [..]

Daily Market Comment – Wall Street bounces, shrugs off Taiwan tensions and hawkish Fed

Posted on August 4, 2022 at 9:23 am GMT

Solid earnings lift US stocks to multi-month highs despite hawkish Fed soundbites Yen slips further as markets unrattled by China flexing its military muscle over Taiwan Pound edges up ahead of expected Bank of England rate hike, dollar consolidates Earnings relief fuel equities rebound Geopolitical tensions and recession fears appear to have faded into the background for investors as shares on Wall Street staged another impressive rally on Wednesday, while safe-haven currencies retreated further. Another round of better-than-expected earnings [..]

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Posted on August 2, 2022 at 9:36 am GMT

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory. [..]

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