All Articles Tagged - US500

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 500 index’s gains hit fortified resistance wall

Posted on March 21, 2022 at 9:57 am GMT

The US 500 stock index (Cash) is struggling to overcome the 200-day simple moving average (SMA), coupled with the Ichimoku cloud in the 4,500 price vicinity after finding significant positive traction within the 4,106-4,155 support section. The falling 50- and 100-day SMAs are sponsoring the bearish bias from the beginning of the year. Currently, the Ichimoku lines are not indicating any clear driving forces in the index, while the short-term oscillators are transmitting mixed signals in directional momentum. The MACD [..]

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, [..]

Daily Market Comment – Markets calmer as Russian ‘setback’ supports risk appetite

Posted on March 9, 2022 at 10:22 am GMT

Stocks attempt another rebound amid lack of fresh Ukraine headlines But markets struggling for clear direction ahead of key events Oil keeps surging after US and UK ban imports of Russian oil Slowing Russian advances might be aiding sentiment Riskier assets were back in fashion on Wednesday while safe havens were largely on the retreat as ‘risk-on’ was attempting another comeback after yesterday’s bid fell flat in another highly choppy session. There is no single factor that seems to be [..]

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 [..]

Daily Market Comment – Stocks crushed by relentless rally in oil as Ukraine crisis deepens

Posted on March 8, 2022 at 10:10 am GMT

Commodities surge across the board, heightening fears about a global recession Crude oil hits $130 a barrel, gold soars past $2,000/oz, but dollar slightly softer today Selloff in euro and equities takes a breather for now after fresh lows Markets seek respite as fighting continues The fighting in Ukraine is intensifying and a third round of talks between Russian and Ukrainian officials has not led to much progress, but markets are nevertheless taking a breather from the recent turmoil on [..]

Technical Analysis – US 500 index gaps lower as rally deflects off Ichimoku cloud

Posted on February 28, 2022 at 10:14 am GMT

The US 500 stock index (Cash) has gapped back beneath its 50-period simple moving average (SMA), throwing some doubt into whether the bounce from the nine-month low of 4,106 could sustain optimism in the market. The Ichimoku cloud has taken the wind out of the index’s sails, and it appears that a swift overturn of the recent damage resulting from the Ukraine attacks, may likely take longer to offset. The falling SMAs continue to endorse the short-term bearish trend. Meanwhile, [..]

Daily Market Comment – Big tech defies Ukraine crisis to stage massive turnaround

Posted on February 25, 2022 at 10:25 am GMT

Wall Street in sharp reversal as fears over Ukraine fallout ease a little Global equities also perk up, dollar retreats slightly, but oil extends gains Immediate focus back on inflation and Fed policy ahead of US data Russia moves in on Kyiv but markets steadier for now After a highly turbulent week, the mood brightened somewhat on Friday even as the tragedy unfolded in Ukraine. Stock markets around the world were rebounding from yesterday’s dramatic selloff when Russia invaded Ukraine, [..]

Daily Market Comment – Modest sanctions help soothe fears about Ukraine fallout

Posted on February 23, 2022 at 10:19 am GMT

S&P 500 enters correction territory as sanctions on Russia mount But nerves later steady as market impact seen limited, oil and gold slip Kiwi jumps on hawkish RBNZ, aussie outperforms too as dollar stays soft Markets wary but less worried about Ukraine conflict The market mood steadied on Wednesday, having wavered on Tuesday as the Ukraine crisis unfolded, with the United States and its allies slapping sanctions on Russia for ordering troops into Ukraine’s separatist regions. Washington has made it [..]

Technical Analysis – US 500 battles with 200-SMA as bias turns cautiously bullish

Posted on February 17, 2022 at 8:56 am GMT

The US 500 stock index (cash) has been in a recovery mode since its short-term decline halted at the seven-month low of 4,220. Although the index’s upside move experienced a minor pullback, the near-term picture seems to be improving and the price is currently pivoting near its 200-day simple moving average (SMA). The momentum indicators further confirm that bullish forces have re-emerged. The stochastic oscillator is sloping upwards after posting a bullish cross, while the MACD histogram is found above [..]

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