All Articles Tagged - US500

Weekly Technical Outlook – US 500, GBPUSD, USDJPY

Posted on November 20, 2023 at 10:05 am GMT

US 500 muted ahead of FOMC minutes GBPUSD meets key levels awaiting Eurozone’s and UK PMIs Japanese inflation may drive USDJPY even lower? FOMC minutes –> US 500 The FOMC minutes are one of the highlight events of the week, coming up on Tuesday instead of Wednesday due to the Thanksgiving holiday on Thursday in the US. During this meeting, the Federal Reserve opted to maintain interest rates at their current level and adopted a neutral stance. They emphasized the uncertainty about whether or not [..]

Market Comment – Stocks rally, yields slump as Powell strikes neutral tone

Posted on November 2, 2023 at 10:06 am GMT

Powell signals Fed is likely done hiking rates, sparking relief rally Wall Street cheers Powell’s balanced tone, but dollar stays resilient as yields tumble Pound steady ahead of Bank of England decision Fed asks “should we hike more” The Federal Reserve left interest rates unchanged on Wednesday as expected, citing tighter financial conditions as a factor for pausing for a second straight meeting. With the rout in bond markets worsening since the previous FOMC meeting in September, the yield on [..]

Market Comment – Gold eases from highs as markets stay calm despite Gaza offensive

Posted on October 30, 2023 at 9:57 am GMT

Gold hits $2,000 as Israel begins ‘second stage’ of war in Gaza, oil jumps too But safe haven demand eases on Monday as focus turns to central banks Dollar slips below 150 yen as yields consolidate ahead of Treasury announcement Markets on edge but no panic as Gaza conflict escalates Israel’s long-expected ground offensive into the Gaza Strip got underway over the weekend, raising the stakes in an ever-escalating conflict that is looking increasingly like it’s turning into a long-drawn-out [..]

Market Comment – Gold and oil keep rising as Israel-Gaza conflict shows no sign of easing

Posted on October 20, 2023 at 9:23 am GMT

Possibility of weekend escalation in Middle East propels gold and oil higher Powell remarks provide only modest respite to bond selloff, dollar holds steady Stocks continue to struggle as uncertainties rise, Powell keeps rate hike option Simmering tensions keep markets on edge The ongoing conflict in the Middle East continued to weigh on market sentiment on Friday as investors were on alert for a possible escalation over the weekend. With reports suggesting that a ground offensive by Israel into the [..]

Market Comment – Equities gain, gold slips amid diplomatic push to contain Mideast crisis

Posted on October 17, 2023 at 9:07 am GMT

Risk aversion eases as diplomatic efforts to end Israel-Gaza war ramped up Gold off highs, while earnings optimism additionally boosts Wall Street Dollar steady as yields resume climb ahead of US retail sales, Fed speakers Mood improves on diplomacy hopes Risk sentiment was notably more buoyant on Tuesday as fears about the unfolding situation in Israel and Gaza developing into a wider conflict ebbed somewhat. A rush of diplomacy by global leaders to defuse the crisis appears to have soothed [..]

As US yields surge, how high can they go? – Special Report

Posted on October 4, 2023 at 6:55 am GMT

Skyrocketing bond yields put markets in a spin Fed’s higher for longer calls grow louder US 10-year yield approaches 4.8% at 16-year high Can they reach 5.0% and how soon before something breaks? Yields heeding the higher for longer message Yields on government bonds are flying again as central banks are all singing from the same hymn sheet lately, flagging that interest rates will stay high for a longer period of time. This isn’t exactly a new revelation for [..]

Market Comment – Dollar pulls back, some relief for stocks after dreadful quarter

Posted on September 29, 2023 at 9:22 am GMT

US dollar eases from highs as bond yield rally pauses for breath Stocks headed for worst quarter in a year but techs lead rebound Eurozone and US inflation data in focus Fed speakers help take steam off yields rally Bond yields slipped on Friday as ‘higher for longer’ bets took a step back on the last trading day of the quarter ahead of some key inflation and consumer spending data out of the United States. Hawkish Fed talk post the [..]

Market Comment – Dollar at 10-month high as yields keep surging

Posted on September 26, 2023 at 9:07 am GMT

US 10-year yield hits 16-year high amid no letup in hawkish Fed rhetoric Dollar powers ahead, euro and pound crumble, yen in danger zone Stocks resume decline after late rebound on Wall Street Bond market rout deepens The selloff in bond markets is showing no sign of easing as investors are dumping government securities in favour of cash amid expectations that interest rates in the US may yet rise further. Despite the tightening cycle nearing its end, the hawkish drumbeat [..]

Market Comment – Stocks perk up ahead of US CPI and ECB tests, dollar resumes climb

Posted on September 12, 2023 at 9:09 am GMT

Markets steady as US data and ECB decision awaited Wall Street starts week on optimistic note Yen eases slightly as dollar back on the front foot, pound unfazed by jobs data Calm prevails ahead of big tests Markets remained in a cautiously risk-on mode on Tuesday as hopes that China’s economic meltdown is stabilizing and that central banks are nearing the end of their tightening cycle shored up sentiment ahead of some key events lined up this week. Traders are [..]

Market Comment – Equities climb despite Jackson Hole’s higher for longer warning

Posted on August 28, 2023 at 9:20 am GMT

Rate hike odds edge up after Powell and Lagarde signal inflation fight not over But dollar steady as yields barely budge, Wall Street closes higher China announces more stimulus, stocks jump before paring gains Powell strikes a balanced tone Markets were still digesting Powell’s Jackson Hole speech on Monday amid a mixture of relief and trepidation after the Fed chief struck a mostly balanced tone on the rate outlook with a slightly hawkish tint. As had been widely anticipated, Powell’s [..]

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