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US500

Daily Market Comment – Yen pressure eases slightly, US futures slip after Netflix miss

Posted on April 20, 2022 at 9:08 am GMT

Dollar breaches 129 yen, fuelling speculation of currency intervention But pullback in yields helps yen to steady a little Wall Street jumps but rebound looks shaky as Netflix shatters earnings optimism Softer yields offer temporary respite for sliding yen The Japanese yen continued to slump on Wednesday, but its overnight losses lessened heading into the European session as government bond yields retreated slightly. The US dollar scaled a new 20-year high of 129.40, surpassing the 129 level for the first [..]

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 [..]

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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 [..]

Daily Market Comment – Rising yields start to spook equity markets, dollar crushes rivals

Posted on April 12, 2022 at 9:19 am GMT

Stock market selloff accelerates as investors begin to panic about soaring borrowing costs Dollar climbs to new highs as yen slumps again, eyes US inflation data Oil bounces off lows after China eases Shanghai lockdown, gold attracts some bids Stocks back in the doldrums Equity markets remained in the red on Tuesday as global bond yields extended their ascent to multi-year highs, freaking out jittery investors already on edge about the dimming growth outlook following Russia’s invasion of Ukraine. The [..]

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Technical Analysis – US 500 index’s positive tone shaky near 38.2% Fibonacci

Posted on April 11, 2022 at 12:58 pm GMT

The US 500 stock index (Cash) is consolidating slightly north of the 4,446 level, which is the upper part of a support border and coincidentally the 38.2% Fibonacci retracement level of the up wave from 4,137 until 4,638. The rolling over of the 50-period simple moving average (SMA) and its nearing of a bearish crossover of the still climbing 100-period SMA, is reinforcing the waning in the index, and specifically weakness in the latest two-week rally. Currently, the horizontal Ichimoku [..]

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 [..]

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Daily Market Comment – Stocks stay sluggish, oil slips further, dollar creeps higher ahead of NFP

Posted on April 1, 2022 at 9:37 am GMT

Stocks make mixed start to Q2 after worst quarter in two years as Ukraine woes linger Dollar main beneficiary of increased risk-off as yen sinks again, US jobs report in focus Oil prices hit two-week low after Biden’s supply boost Markets downbeat as peace hopes ebb After a promising start to the week amid the optimism that a ceasefire agreement between Russia and Ukraine is within reach, the market mood has soured somewhat as the two sides seem no closer [..]

Daily Market Comment – Stocks subdued as Russia dampens peace hopes, oil tumbles on US move

Posted on March 31, 2022 at 9:36 am GMT

Cautious tone as Russia plays down talks progress, maintains offensive in eastern Ukraine Stocks mixed, dollar firmer despite Treasury yields drifting lower Oil plunges again after Biden administration says it may release more strategic reserves Markets cling onto peace hopes as doubts emerge The risk rally spurred on by optimism of a Russia-Ukraine ceasefire is looking a little shaky after both Washington and Moscow played down the significance of the apparent progress in the latest round of negotiations. Russian forces [..]

Daily Market Comment – Signs of progress in Russia-Ukraine talks lift stocks, dollar skids

Posted on March 30, 2022 at 9:32 am GMT

First significant progress in Russia-Ukraine talks boosts sentiment Stocks leap but rally runs out of steam quickly as recession risks loom Euro jumps, dollar takes a tumble but yen selloff steadies amid doubts about BoJ policy Hopes of Ukraine ceasefire rise after latest talks Russian and Ukrainian negotiators meeting in Turkey made the first meaningful progress to ending the month-long conflict on Tuesday, lifting the mood across financial markets. Ukraine proposed a new security guarantee mechanism in exchange for adopting [..]

Daily Market Comment – Stocks perk up on peace talks, oil slump; pound knocked by dovish Bailey

Posted on March 29, 2022 at 9:29 am GMT

Equities look to be making a comeback as Russia-Ukraine talks eyed and oil surge eases Dollar softer despite elevated yields, pound steadier after skidding on Bailey’s remarks BoJ keeps buying JGBs but yen selloff takes a breather as officials get edgy about weakness Stocks head higher as sentiment improves Equity markets were in a bullish mood on Tuesday after the S&P 500 notched up its third straight session of gains yesterday, recouping more than 60% of its year-to-date losses. Heavyweights [..]

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