All Articles Tagged - US500

US Open Note – Market sentiment dulls; dollar aided by climb in yields

Posted on September 28, 2021 at 1:40 pm GMT

Stocks pull back and dollar firms, ready to digest central bank speeches The US major indices are retreating as a result of a dampened market mood on the back of global energy uncertainties and rising yields, which have simultaneously underpinned the king dollar. Currently the 10-year yield is at 1.53% and may be adding to the haven appeal of the reserve currency, reinforcing its latest resilience. The dollar index floated up until 93.65. The greenback has strengthened across a basket [..]

Technical Analysis – US 500 index struggles to clear longer-term MAs

Posted on September 27, 2021 at 1:59 pm GMT

The US 500 stock index’s (Cash) recent progress has hit a snag around the converged 100- and 200-period simple moving averages (SMAs), pulling back after spiking to the September 17 high of 4,482. The lagging SMAs are now endorsing a more neutral price tone in the pair. The short-term oscillators are reflecting the recent price drop and are signalling that upside momentum lacks potency to revive the price incline. The MACD in the positive region is slowing towards its red [..]

US Open Note – Dollar gains notable ground; oil continues the rise

Posted on September 27, 2021 at 12:44 pm GMT

Euro eases further after German elections The current week begins with traders’ attention on the German election results, but it serves as a reminder that politics is in full swing this week. The results of the German federal election showed that the centre-left SDP party won a small plurality, as expected. The government negotiations are expected to go until Christmas, according to some estimates. As a result, Merkel may keep her job as Chancellor for a few more months. The [..]

Daily Market Comment – Bond markets come alive as tighter policy looms, stock rally eases

Posted on September 24, 2021 at 9:27 am GMT

Sovereign bond yields jump on optimism and rising prospect of policy tightening Equities rebound fizzles out as lingering doubts about Evergrande cuts party short Dollar gives up all post-Fed gains but limited bounce back for riskier currencies Bond markets finally wake up to the sound of central banks US Treasury yields led the surge in global government bond yields amid a delayed response to the flagging of an imminent taper announcement by the Federal Reserve on Wednesday. Bond traders finally [..]

Daily Market Comment – Hawkish Fed brings out the bulls as dollar and stocks rise

Posted on September 23, 2021 at 9:27 am GMT

Fed signals November taper and early rate hike, but slow timeline lifts markets Dollar jumps in response before pulling back, Wall Street buoyed too Evergrande fears ease further, boosting sentiment Pound bounces off one-month lows, awaits BoE decision Powell outlines taper roadmap The Federal Reserve took its biggest step yet towards scaling back its pandemic stimulus on Wednesday following the conclusion of its two-day policy meeting. As expected, the Fed kept its policy unchanged but signalled that “a moderation in [..]

US Open Note – Stocks’ positive tone pauses but commodities keep minor upbeat vibe

Posted on September 22, 2021 at 2:37 pm GMT

Market jitters evident prior to Fed decision; dollar stabilizes While the suspension of the debt ceiling may hit a snag in the US Senate and somewhat cause disorder in global financial markets at a time of uncertainty, investors’ eyes have turned to the FOMC meeting decision scheduled today at 18:00 GMT, for laying the groundwork regarding the taper timeline and a possible hawkish comment. Asian session gains in US stock futures have steadied ahead of the Fed, while the greenback’s [..]

US Open Note – Stocks recover and dollar takes back seat

Posted on September 21, 2021 at 2:12 pm GMT

Market Sentiment picks up and central bank meetings draw focus The major US indices are gradually extending yesterday’s rebound while the dollar continues to dwindle. Nonetheless, as worries around China’s real estate giant Evergrande Group and its recent warnings of defaulting on its debt payments remain one of the global highlights, the spotlight continues to be directed around central banks. Investors continue to look for clues around meetings, with the BOJ expected to remain dovish and the Fed to comment [..]

Daily Market Comment – Calmer markets despite Evergrande risks, loonie jumps on Trudeau win

Posted on September 21, 2021 at 9:31 am GMT

Fears of Evergrande contagion ease slightly but markets remain edgy Loonie soars after Trudeau narrowly secures third term Aussie and kiwi brush off dovish reserve banks Pound up too but UK energy crisis a worry, dollar off highs Stocks bounce back after Evergrande panic Global equities were steadier on Tuesday, recouping some of the previous days’ losses, as fears of a huge spillover from Evergrande’s debt crisis subsided a little. As investors increasingly liken the Evergrande crisis with the collapse [..]

Daily Market Comment – Dollar starts Fed week on front foot; stocks hit by Evergrande fallout

Posted on September 20, 2021 at 9:22 am GMT

Dollar climbs to 4-week high amid Fed taper expectations and Evergrande contagion fears Global stock markets tumble as Evergrande stock crashes again, default risk grows All eyes on Fed in busy week for central banks; hawkish BoE bets can’t rescue sliding pound Loonie slips ahead of Canada’s election outcome China jitters hit sentiment as stocks skid, dollar gains Fears of global contagion from the worsening crisis in China’s property sector continued to weigh heavily on sentiment at the start of [..]

US Open Note – Dollar back to gains at the end of the week

Posted on September 17, 2021 at 12:38 pm GMT

Dollar/yen back above 110.00 Prior to the weekend, the dollar is holding onto its recently gained ground, with dollar/yen approaching the 110.00 psychological number. Moreover, the dollar index is currently trading at 92.78, remaining above the 50-day simple moving average (SMA). Euro/dollar is showing some positive movement today, holding near 1.1780. US futures are pointing to a positive open. Headline retail sales in the US were projected to decrease -0.7% m/m but instead gained 0.75% m/m, compared to a revised -1.8% in July. UK retail sales drive pound lower The British pound declined below $1.3800 as retail [..]

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