All Articles Tagged - US500

US Open Note – FOMC minutes next on the radar; Canada CPI surprises

Posted on February 16, 2022 at 2:05 pm GMT

US retail sales beat estimates; FOMC minutes next on the agenda The minutes of the Federal Reserve’s last meeting are on investor’s radar today and will be looking for details on its plans to reduce its enormous balance sheet and raise interest rates in 2022, as well as its evolving outlook on inflation. At the meeting on January 25-26, policymakers agreed that raising the Fed’s benchmark overnight interest rate from near-zero would be “soon appropriate” and discussed the future of the $9 trillion in securities owned by the central bank. [..]

Daily Market Comment – Markets bet on Fed ‘shock and awe’ after scorching hot inflation

Posted on February 11, 2022 at 10:27 am GMT

US inflation surges again, yields jump, dollar whipsaws, stocks sink Bullard stokes speculation of Fed front-loading rate hikes Euro and aussie tumble after Lagarde and Lowe push back CPI shock sparks erratic moves as no peak in sight Investors were scrambling to reprice a much steeper rate hike path by the Fed on Friday following another red-hot inflation report. The US consumer price index rose 0.6% month-on-month in January, beating forecasts of 0.5% and unchanged from the prior month’s upwardly [..]

Daily Market Comment – Stocks buoyant ahead of US CPI, dollar holds steady

Posted on February 10, 2022 at 9:50 am GMT

Wall Street extends climb out of January pit, but futures ease as CPI data awaited Dollar edges sideways as traders seek direction from US price growth Gold hits two-week high amid uncertainty about inflation and Fed policy Stocks turn cautious before US inflation release The improved risk tone is holding ahead of the all-important inflation numbers out of the United States later on Thursday. Stocks on Wall Street jumped higher for a second day on Wednesday, erasing the losses from [..]

Daily Market Comment – US stocks bounce back as bond selloff eases, oil slips again

Posted on February 9, 2022 at 10:10 am GMT

Markets lifted by Wall Street rebound as bond yields pull back slightly Dollar loses ground as traders await direction from US CPI data Oil prices dip again as progress seen in Iran nuclear talks Stocks try to shrug off bond market rout The selloff in sovereign bonds paused for breath on Wednesday, pulling their yields slightly lower after the sharp spike that followed last week’s hawkish shift by the European Central Bank. But the rally in 10-year yields is unlikely [..]

Daily Market Comment – Higher yields start to bite but stocks fight back, dollar edges up

Posted on February 8, 2022 at 10:32 am GMT

Bond yields climb to fresh highs as inflation and tighter policy fears grip markets Equities nevertheless perk up globally but Wall Street on shaky ground Dollar regains front foot, oil prices pressured by optimism around US-Iran talks Sentiment improves despite surging yields Long-term borrowing costs continued to head north on Tuesday, rising in just about every territory on growing expectations that no country will be spared from the greatest inflation shock the world has faced in decades. As central banks [..]

Technical Analysis – US 500 index’s gains curbed by downtrend line and 200-MA

Posted on February 7, 2022 at 11:20 am GMT

The US 500 stock index (Cash) is currently consolidating in the vicinity of the 100-period simple moving average (SMA) after the recent retreat in the price bounced off the 50-period SMA. The longer-term 100- and 200-period SMAs have yet to indicate that the bearish trend has faded. However, the rising 50-period SMA is advertising a bullish crossover of the 100-period SMA, which if achieved would suggest upside pressures are gaining some ground. The short-term oscillators are reflecting the minor negative [..]

US Open Note – Market in a volatile day; dollar surges to more than 1 ½ -year high

Posted on January 28, 2022 at 1:55 pm GMT

PCE price index ticks up; Rates in US rise December’s PCE data came into focus today from investors. The core PCE price index rose from 4.8% to 4.9% year-on-year. Currently, it is the highest since September 1983 and well above the Fed’s 2% goal rate. Personal income and spending also came in at 0.3% and -0.6% m/m respectively. Because of the widespread distribution of the omicron variety, retail sales and consumption decreased in December of last year. Rates in the United States are rising, [..]

Daily Market Comment – Wall Street’s pain not over but Apple offers hope, dollar stands tall

Posted on January 28, 2022 at 10:33 am GMT

US stocks swing into losses again but Apple pulls Nasdaq futures higher Fed fears continue to weigh on markets, dollar edges up to fresh highs Euro, aussie, kiwi lead FX losses, gold breaches $1,800/oz, but oil holds firm Stocks remain on slippery slope Wall Street’s latest attempt to bounce back from the January slump faltered again on Thursday, with all three main indices giving up earlier gains to slip into the red. Worries about persistent supply disruptions and rising costs, [..]

Daily Market Comment – Dollar soars, stocks sink after Powell hints Fed will move faster on rates

Posted on January 27, 2022 at 10:35 am GMT

Powell makes a further hawkish pivot, signals end of era of highly accommodative policy Yields and dollar jump, but stocks are battered, upbeat earnings offer some support Kiwi biggest FX loser even as strong CPI fuels RBNZ rate hike bets Fed gets tough on inflation Fed Chair Jerome Powell left investors in no doubt that borrowing costs are set to rise in the coming months, leaving the door open to both a faster and steeper pace of rate increases. As [..]

Daily Market Comment – Stock selloff eases as Fed and BoC awaited

Posted on January 26, 2022 at 10:11 am GMT

Fed’s and BoC’s inflation-fighting credentials to be put to the test Dollar steady, yen pulls back as Fed and Ukraine jitters subside slightly Wall Street survives another rollercoaster session, Microsoft earnings lift futures Will Powell scare markets or soothe the panic? All eyes are on the Fed today as investors search for some much-needed policy guidance amid spiralling inflation, growing doubts about the economic outlook and geopolitical tensions in Eastern Europe. The FOMC decision itself, due at 19:00 GMT, is [..]

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