All Articles Tagged - US500

European Open Preview – Pound goes for a Brexit ride; fresh round of tariffs coming up?

Posted on September 6, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is marginally lower (-0.07%) against a basket of six major currencies on Thursday, extending the losses it posted in the previous session. The British pound was in focus yesterday, having a volatile session that saw sizeable movements in both directions following some conflicting headlines on Brexit. Elsewhere, the Bank of Canada struck a slightly more cautious tone as it kept its policy unchanged. STOCKS: Wall Street had a mixed session on Wednesday, with [..]

Technical Analysis – US 500 index near-term momentum turns south; still bullish in the medium-term

Posted on September 5, 2018 at 1:48 pm GMT

The US 500 index has declined after touching an all-time high of 2,916.50 on August 29. Still, the benchmark continues to trade relatively close to its record peak. The RSI has reversed lower after entering overbought territory last week and continues to head down, supporting the view that near-term momentum has turned negative. The stochastics are also projecting a bearish picture in the very short-term: the %K and %D lines are negatively aligned and are moving lower. A move back [..]

European Open Preview – Greenback reclaims ground; Bank of Canada rate decision due

Posted on September 5, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The US dollar is little changed against a basket of six major currencies on Wednesday, holding onto the gains it recorded in the previous session. Staying in North America, the Canadian dollar was a major underperformer yesterday, touching a one-and-a-half-month low against the greenback ahead of the Bank of Canada’s policy decision later today (1400 GMT). EM currencies also came under broad selling pressure, weighed on by news that South Africa had entered [..]

Stock Market News – Facebook, Twitter and Google Senate hearing on Russian meddling: a risk-event for tech stocks?

Posted on September 4, 2018 at 2:20 pm GMT

Executives from social media platforms Facebook and Twitter, as well as Google’s top lawyer will be testifying before Congress on Wednesday on Russian meddling in the 2016 US presidential election. Tech-heavy benchmarks tracking all-time highs recently may mean that worries for increased regulation within the tech space have taken the back seat. Still, such fears may come to the fore during tomorrow’s hearing, acting as a drag on stocks within the sector. Facebook COO Sheryl Sandberg, Twitter CEO Jack Dorsey [..]

European Open Preview – Dollar bounces; BoE testimonies and US ISM manufacturing in focus

Posted on September 4, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The greenback is higher across the board on Tuesday, with the dollar index advancing by 0.15% in the absence of any major new developments. The aussie jumped overnight after the RBA struck a less-cautious tone than many expected, erasing losses it posted earlier in the session after Australia’s current account data for Q2 disappointed. Earlier on Monday, the British pound came under renewed selling interest, following a miss in the UK manufacturing PMI. STOCKS: Wall [..]

European Open Preview – Sterling gaps down amid Brexit rhetoric; UK manufacturing PMI due with trade angst in the background

Posted on September 3, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The dollar was nearly flat against a basket of six major currencies on Monday (-0.03%), after posting considerable gains in the previous session. Meanwhile, the British pound opened with a negative gap following some not-so-encouraging Brexit signals over the weekend from both the EU and the UK. STOCKS: Wall Street closed mixed on Friday, as trade negotiations between the US and Canada ended without an accord. The S&P 500 was practically flat (+0.01%), the Dow Jones [..]

Special Report – With US stocks hitting all-time highs, are they still a buy?

Posted on August 31, 2018 at 1:13 pm GMT

As US stock indices break fresh highs, the question on everyone’s mind is how much longer the current bull market can continue. The remarkable resilience of US equities to trade tensions and rising interest rates, combined with a robust US economy, suggest the late-cycle party is unlikely to end over the coming months. Looking further ahead into 2019 though, the outlook becomes much more clouded, warranting a more prudent approach. After an inflation scare spooked equity investors in the early [..]

European Open Preview – Risk appetite turns sour on trade angst; eurozone inflation due with Brexit also in focus

Posted on August 31, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar index was down on Friday, albeit by less than 0.1%, giving back some of the gains it posted in the previous session. Elsewhere, the Japanese yen advanced across the board on Thursday, as trade concerns led investors to increase their exposure to the safe-haven currency. Meanwhile, the euro and the loonie retreated, weighed on by concerns surrounding Italy and disappointing Canadian data respectively. STOCKS: US equities fell for the first time in five days as [..]

European Open Preview – Barnier gives the pound a helping hand; US core PCE inflation coming up

Posted on August 30, 2018 at 7:48 am GMT

Here are the latest developments in global markets: FOREX: The dollar is flat against a basket of six major currencies on Thursday, after it closed lower for a fourth consecutive session yesterday. The biggest mover was the British pound, which soared higher following comments from the EU’s chief Brexit negotiator suggesting that Europe is willing to offer the UK a special deal. Meanwhile, the kiwi plunged overnight after New Zealand’s latest business confidence data disappointed, amplifying expectations for a more [..]

European Open Preview – Loonie advances amid trade optimism; updated GDP estimates due out of the US

Posted on August 29, 2018 at 7:42 am GMT

Here are the latest developments in global markets: FOREX: The dollar is higher by 0.10% against a basket of six major currencies on Wednesday. Even though the currency was on the back foot for most of the trading session on Tuesday, it managed to recover nearly all of its losses following the release of upbeat US consumer confidence data. Elsewhere, the loonie continued to advance amid optimism that a resolution to the NAFTA renegotiations may be inching closer. STOCKS: Wall Street closed higher yet [..]

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