All Articles Tagged - US500

US Open Note – Markets asleep but ready to decode inflation and FOMC for clues

Posted on June 16, 2021 at 1:40 pm GMT

Stocks ease a bit from highs and dollar remains composed The US major indices are treading water beneath yesterday’s fresh highs, with the Dow Jones Industrial index still lagging behind. Risk appetite seems to be immune to echoes of tapering, and market sentiment remains steady ahead of the upcoming FOMC decision, while US 10-year yields (1.47%) have temporarily eased concerns around inflation pressures. The dollar index is static around the 90.50 mark with the euro ranging around $1.2120 and the [..]

US Open Note – Stocks keep modest advance, dollar mostly muted

Posted on June 15, 2021 at 2:23 pm GMT

Stocks tick up, Retail Sales and PPI data mixed US major indices are perky, with the S&P 500 index and the Nasdaq 100 tiptoeing to new highs and with the Dow Jones industrial index lagging slightly. Improved market mood and falling yields are not providing any assistance to the greenback. The US 10-year yield has pulled back to 1.44%. The dollar index is in the vicinity of its intra-day high of 90.60, and has recaptured minor strength across its forex [..]

Technical Analysis – US 500 index bit by bit resumes broader bullish bias

Posted on June 14, 2021 at 11:21 am GMT

The US 500 stock index (Cash) is poised to move higher after having registered a fresh all-time high of 4,257. The 50- and 100-period simple moving averages (SMAs) are regaining their positive incline, sponsoring strengthening sentiment in the index. The Ichimoku lines are endorsing positive price action, while the short-term oscillators’ bullish signals appear to be under strain. The MACD is holding above its static red trigger line, while the RSI is struggling to steer higher in bullish territory. Although [..]

US Open Note – Stocks brush with highs, dollar flickers green and yields dip

Posted on June 11, 2021 at 1:51 pm GMT

Stocks and dollar climb a tad but market appetite appears muted Major US indices are holding near their highs with the S&P 500 index nudging up towards yesterday’s intra-day record high as the vibe in markets remains subdued, looking unresponsive to inflation and saturated talk around early tapering. Echoes from yesterday’s ECB meeting and the stronger US inflation results for May (Core CPI at 0.7% m/m and 3.8% y/y) seem to have fallen on deaf ears as a relatively [..]

Daily Market Comment – Stocks at record, dollar unfazed after US CPI hits 5%

Posted on June 11, 2021 at 9:22 am GMT

US inflation surges again, but markets more convinced than ever that it’s transitory ECB maintains dovish course, yet euro oscillates sideways S&P 500 notches another record close as Wall Street set for weekly gains Another big CPI beat, but no fuss this time Consumer prices in the United States soared by 5.0% in May, beating forecasts of 4.7%, as the lockdown base effect and a number of one-off factors pushed annual inflation to the highest since 2008. Large hikes in [..]

US Open Note – US CPI surprise driving dollar higher; Lagarde comments hurt euro

Posted on June 10, 2021 at 1:10 pm GMT

US CPI spike higher than expected Consumer prices in the United States were closely watched today for any clues about a tapering timeline. The headline CPI rose by 5% year-on-year for May, driving the dollar higher. This figure is the highest number since August 2008 amid low base effects from last year. The annual core CPI accelerated to 3.8% from 3.0% while the monthly rate ticked slightly down to 0.7% versus 0.9% previously. The Fed is anticipated to take baby steps towards slowing its bond purchases and the [..]

US Open Note – Dollar struggles ahead of key data; BoC awaited

Posted on June 9, 2021 at 12:56 pm GMT

Dollar waiting for tomorrow’s US CPI data The US dollar is weaker somewhat today, and Treasury yields were lower as traders wait for the US inflation announcement on Thursday as it may affect the timeline for Federal Reserve discussions on tapering bond purchases and may be a key catalyst for the bond market. Dollar/yen is continuing its selling interest, hovering near 109.37, while the US dollar index is experiencing some losses as well. S&P 500 and Nasdaq futures are signaling a positive open; however, Dow Jones futures are suggesting a negative open. Euro and pound take some positive steps The [..]

Daily Market Comment – Bond yields take a dive, prop up equities, but FX sidelined

Posted on June 9, 2021 at 9:22 am GMT

Bond yields plunge unexpectedly, signalling easing inflation anxiety US stocks near records but ECB, US CPI awaited for fresh drivers Dollar steady, loonie edges up ahead of BoC US yield curve flattens: sign of confidence or trouble? Government bond yields took an unexpected dive on Tuesday as a combination of strong auction demand, safe-haven flows and easing inflation worries boosted the bond market. The yield on 10-year US Treasuries slumped to a one-month low, hitting 1.513%. The 30-year yield also [..]

US Open Note – Stocks laid back as dollar flickers some life despite dip in yields

Posted on June 8, 2021 at 2:41 pm GMT

Risk appetite vanishes; inflation and taper talk jitters persist Although the market outlook is largely optimistic, economies are emanating a lethargic vibe and seem to be searching for an assisting jolt to rekindle risk appetite. Investors may be looking aimlessly to the ECB and the Fed to provide markets with immediate booster jabs. Nonetheless, investors’ radars remain set around taper talks and price pressures and for sure the ECB’s and the Fed’s rhetoric around these issues will be cautious and [..]

Daily Market Comment – Markets subdued as ECB, Fed, US spending and inflation outcomes awaited

Posted on June 8, 2021 at 9:03 am GMT

Traders are biding their time as ECB and Fed decisions loom along with US CPI data White House infrastructure talks also in focus as negotiations drag on Stocks hover near highs as dollar ticks up, but US yields slip again Dollar inches higher as ECB, Fed and inflation eyed Markets were mostly drifting sideways on Tuesday, awaiting fresh clues on stimulus plans in Europe and the United States as fears of central bank tapering and higher inflation continue to haunt [..]

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