All Articles Tagged - US500

US Open Note – US stocks storm higher and dollar rebounds as 2022 kicks off

Posted on January 3, 2022 at 2:20 pm GMT

Dollar recoups losses; Euro and cyclicals retreat The dollar ticked higher against most of its major rivals today, supported by the surging US Treasury yields, despite the risk-on sentiment in the first trading session of 2022. However, no major moves are expected in the forex spectrum as London, Europe’s main forex trading market, is closed today. On the other hand, the euro is on the retreat after the final German PMI figure came out weaker-than-expected earlier in today’s session. Moreover, the spread of the Omicron variant in Europe seems likely to [..]

Daily Market Comment – Wall Street hits another record but trading remains slow, dollar oscillates

Posted on December 30, 2021 at 10:16 am GMT

Stocks mixed after more US all-time highs as trading volumes thin out further Investor optimism put to the test amid surging Covid cases globally Dollar rebounds from lows as Treasury yields spike Surging virus cases put investors on edge Markets stuck to the mildly positive tone on Thursday as investors constantly reassessed the risks from the latest wave of Covid-19 cases that is gripping most nations around the world. The shrinking liquidity during this slow holiday week has brought about [..]

Stocks 2022 outlook: will the bulls dominate or are bumpier times ahead?

Posted on December 29, 2021 at 12:37 pm GMT

It’s been another spectacular year for equity markets as the pandemic-induced stimulus has kept the rally on Wall Street alive even as the virus threat has yet to recede. The picture has been a little more mixed in some other parts of the world like Asia, but overall, 2021 has been fantastic for most risk assets. So what were the driving forces behind these moves and can the positive trend be sustained in 2022 when most central banks have begun [..]

Daily Market Comment – Santa Claus rally takes a breather, dollar firms

Posted on December 29, 2021 at 9:37 am GMT

Stocks mixed after Wall Street rally fizzles out, but futures point up Dollar inches higher, yen firms too amid some Omicron worries Oil extends gains, gold pulls back despite soft Treasury yields Wall Street falters but party not over Equity markets were feeling somewhat less joyous on Wednesday after the S&P 500 failed in its bid to close above the 4,800 level for the first time and as Chinese tech stocks came under renewed selling pressure. The S&P 500 ended [..]

Daily Market Comment – Stocks lifted by new S&P 500 record, yen retreats

Posted on December 28, 2021 at 10:10 am GMT

Global stock markets get a lift from S&P 500’s latest dash to new all-time highs Dollar holds steady but yen on a broad pullback amid easing Omicron jitters Oil bounces back as demand worries subside, gold hits one-month high Wall Street’s Santa rally not over yet Shares on Wall Street continued to rally on Monday to notch up a fourth straight day of gains, pushing the benchmark S&P 500 index to a new all-time high of 4,791.19. Having started the [..]

Daily Market Comment – Cautious mood in holiday-thinned trade

Posted on December 27, 2021 at 10:03 am GMT

Asia drifts lower despite China support but European shares eye gains Rising virus cases put investors on edge as doubts re-emerge about Omicron impact Commodities pressured, dollar firms, pound advances Subdued start to final week of 2021 Markets were struggling for direction on Monday in what is the last trading week of the year. The optimism that the Omicron variant will not cause a major setback to the post-pandemic economic progress has been brought into question by the latest surge [..]

US Open Note – Dollar cools off, riskier currencies shine

Posted on December 22, 2021 at 2:33 pm GMT

Safe haven currencies slip amid waning Omicron jitters; cyclical currencies shine Overnight, President Joe Biden’s statement that there is a significant chance that he strikes a deal with Democrat Senator Joe Manchin to pass his $2 trillion stimulus package through Congress, has been the driving force behind the soaring risk-on sentiment in markets. In addition, optimistic news from the pandemic front alongside statements from major countries’ government officials ensuring that financing aid will be provided in case new Covid-19 restrictions are imposed, further [..]

US Open Note – Dollar flattens after busy week; lira plummets

Posted on December 17, 2021 at 2:00 pm GMT

FX market in the spotlight After a very busy week with numerous central bank meetings, the week is ending with a bearish mode. The dollar index continues its sideways movement around 96, while dollar/yen is heading south approaching the 113.00 round number. The euro rally peaked near $1.1350 and is now trading near $1.1300, while sterling has given up much of its post-BoE gains and is trading below $1.33. US futures are suggesting a negative open today. Central banks sum up The Fed’s shift to a more hawkish stance [..]

Daily Market Comment – Omicron woes drag on sentiment, dollar extends gains

Posted on December 14, 2021 at 9:52 am GMT

Wall Street joins global rout as Omicron fears resurface but selloff eases today Dollar edges up to one-week highs as Omicron clouds outlook for central banks UK jobs numbers kick off busy week, US data eyed ahead of Fed Optimism fades amid fresh Omicron gloom Equity markets were feeling the pressure from renewed concerns about the global growth outlook as China imposed draconian restrictions after the detection of the country’s first Omicron case, while the UK’s announcement of its first [..]

Technical Analysis – US 500 index retreats ahead of all-time high, upside intact

Posted on December 13, 2021 at 4:15 pm GMT

The US 500 stock index (Cash) has receded from the upper Bollinger band around 4,730 prior to retesting the all-time high of 4,744. The simple moving averages (SMAs) have converged with the 100-period SMA flatlining, promoting a more neutral bearing, while the rising 50-period SMA suggests the recent climb from the 4,494 region could endure. The short-term oscillators are reflecting the increase in bearish forces. The MACD, far above zero, has dipped below its red trigger line, hinting that positive [..]

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