All Articles Tagged - US500

Market Comment – Steady start as markets digest data ahead of rate decisions and NFP

Posted on June 3, 2024 at 8:30 am GMT

ECB cuts pared back after CPI uptick, but Fed hopes rise on softer core PCE BoC to likely join ECB in cutting rates this week after GDP miss Upbeat Asian PMIs boost equities ahead of US jobs report Oil prices muted as OPEC+ decision sends mixed signals on output ECB and BoC take centre stage After much speculation all year on who will press the rate cut button first and when, the European Central Bank looks set to beat the [..]

Market Comment – US and Eurozone inflation data in focus

Posted on May 31, 2024 at 7:51 am GMT

Dollar pulls back ahead of core PCE price index Euro awaits Eurozone flash CPI data Wall Street closes in the red, oil extends slide Core PCE inflation enters the spotlight The US dollar pulled back across the board yesterday as the second estimate of US GDP revealed that the world’s largest economy grew at a slower pace than previously estimated in Q1. Treasury yields slid as well, but market expectations with regards to the Fed’s future course of action were [..]

Market Comment – Euro takes advantage of weak dollar

Posted on May 28, 2024 at 8:04 am GMT

Dollar extends slide on thin holiday trading More Fed officials to step onto the rostrum Euro gains ahead of key inflation data Wall Street set to open higher, oil rebounds Will Fed officials come to the dollar’s rescue? With US and UK markets staying closed on Monday, the dollar extended its slide against most of its major peers, trading on the back foot today as well. With no major economic data on today’s agenda, dollar traders will continue to pay [..]

Nvidia set to propel Wall Street to new highs but Fed uncertainty weighs – Stock Markets

Posted on May 23, 2024 at 1:52 pm GMT

Nvidia earnings skyrocket on soaring demand for AI chips Boost could fuel next leg of Wall Street’s rally But Fed’s ‘higher for longer’ stance is a growing headwind The AI effect The Q1 earnings season is almost coming to an end and one of the last big names to report is Nvidia. The chip maker just announced a staggering 461% year-on-year jump in earnings per share for the first fiscal quarter of 2024. Revenue is up an equally impressive 262% [..]

Midweek Technical Look – EURGBP, USDCHF, US 500

Posted on May 23, 2024 at 10:37 am GMT

EURGBP plunges near 0.8500 level; remains within trading range USDCHF still shows some upside recovery US 500 records another all-time high at 5,344 [..]

Technical Analysis – US 500 index loses steam below 5,240

Posted on May 14, 2024 at 10:54 am GMT

US 500 remains positive but looks overstretched Stochastics suggest negative retracement The US 500 cash index is moving with weak momentum around the 5,240 resistance level, failing to extend the rebound off the uptrend line that started back on May 1. The technical oscillators are indicating a negative correction, as the RSI is flattening above the 50 territory, while the stochastic posted a bearish crossover in the overbought region. A downside movement could take the price until the immediate 50-day [..]

Midweek Technical Look – EURUSD, Gold, US 500

Posted on May 9, 2024 at 9:30 am GMT

EURUSD declines further after pullback off 200-day SMA Gold moves sideways within short-term SMAs; broader outlook is still bullish US 500 loses steam but successfully surpassed SMAs [..]

Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP

Posted on May 3, 2024 at 9:02 am GMT

Risk appetite returns after dovish Fed, but will jobs report spoil the party? Apple to likely secure weekly gains for Wall Street Yen rally gets additional boost from softer dollar after suspected interventions Fading rate hike fears lift markets Investors appear to be positioning themselves to end the week on a high note after a tumultuous week for both equity and FX markets. Fed Chair Jerome Powell probably achieved what he set out to do, which is to beat the [..]

Market Comment – Yen spikes on suspected intervention; big week awaits the dollar

Posted on April 29, 2024 at 8:57 am GMT

Yen reverses higher after breaching 160/dollar, but no comment on intervention Dollar slips despite more hot inflation data; Fed decision and NFP loom large Stocks extend gains on earnings, strong US economy Yen slump triggers rally, but is it intervention? The yen sank to new 34-year lows against the US dollar in Asian trading on Monday, extending its slide from Friday when upbeat US economic data piled fresh pressure on the Japanese currency. A mildly hawkish Bank of Japan had [..]

Midweek Technical Look – EURUSD, US 500, WTI

Posted on April 18, 2024 at 9:54 am GMT

EURUSD rebounds off 5-month low near 1.0600; remains beneath symmetrical triangle US 500 index plummets to 2-month low, creating bearish correction WTI crude oil dives for the sixth consecutive day [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US500

XM Live Chat