All Articles Tagged - US500

European Open Preview – Aussie gains on retail sales beat; trade developments remain in focus

Posted on June 4, 2018 at 7:56 am GMT

Here are the latest developments in global markets: FOREX: The dollar eased a bit versus a basket of currencies on Monday after being boosted on Friday on the back of a largely upbeat US employment report. The aussie was a notable outperformer versus the greenback, being helped by better-than-expected Australian retail sales data. STOCKS: Wall Street’s major benchmarks closed considerably higher on Friday, with the positive sentiment carrying through to today’s Asian session. The Japanese Nikkei 225 and Topix indices [..]

European Open Preview – Trade tensions escalate as political risks fade; US jobs figures the data-highlight

Posted on June 1, 2018 at 7:50 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is a little more than 0.1% higher on Friday, ahead of the release of the always-important US employment report at 1230 GMT. Elsewhere, the Canadian dollar dived yesterday following discouraging news on the trade front, while the euro continued to regain ground as Italy’s political impasse came to an end. STOCKS: Wall Street closed lower on Thursday, as an escalation of trade tensions suppressed risk appetite. The Dow Jones [..]

European Open Preview – Euro rebounds as Italian risks recede for now; inflation data the next euro-mover

Posted on May 31, 2018 at 7:44 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance versus a basket of six major currencies – was down by 0.2% on Thursday, extending the losses it posted the previous day. The pullback was mainly owed to a rebound in the euro, the currency that holds more than 50% of the weight in the dollar index. Meanwhile, the Canadian dollar surged following some hawkish hints from the nation’s central bank. STOCKS: [..]

European Open Preview – Euro catches its breath after slide; Bank of Canada decides

Posted on May 30, 2018 at 8:02 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by roughly 0.1% on Wednesday, giving back some of the gains it posted yesterday, when it touched its highest point since early November. Meanwhile, although the euro posted considerable losses yesterday, it has rebounded somewhat today, trading higher by 0.3% versus the yen and 0.25% against the dollar. STOCKS: Wall Street was slammed yesterday, with all major US indices posting hefty declines as Italy’s political [..]

US Open Preview – Italian politics push euro to 10-month low versus the greenback; US consumer confidence due

Posted on May 29, 2018 at 11:08 am GMT

Here are the latest developments in global markets: FOREX: The euro continued to bleed as the European trading session unfolded, with euro/ dollar touching 1.1506 at its lowest, this being a nadir last experienced in July last year. Political uncertainty in Italy, and to a lesser extent in Spain, were seen as factors behind the common currency’s decline. The traditional safe-haven yen gained ground versus both the dollar and the euro, most notably the latter; euro/yen was down by more [..]

European Open Preview – Euro retreat in full swing as Italian political uncertainties dominate

Posted on May 29, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – edged 0.2% higher on Tuesday, touching its best levels since November. The euro meanwhile remained on the back foot, as the increasing probability for early elections in Italy dampened the currency’s appeal. STOCKS: US markets remained closed on Monday in celebration of the Memorial Day holiday. They look set to open lower today, as futures tracking [..]

Technical Analysis – US 500 index neutral in the short-term, cautiously bullish in the medium-term

Posted on May 25, 2018 at 12:31 pm GMT

The US 500 index is trading not far below May 14’s two-month high of 2,741.40. Throughout the last couple of weeks the index has been largely moving sideways. The RSI, which has also been moving sideways to a large extent recently, is painting a mostly neutral picture in the short-term. Immediate resistance to advances may be coming around May 14’s two-month high of 2,741.40. The upper Bollinger band lies not far above at 2,768.47, while a move off and to [..]

European Open Preview – UK GDP and US durable goods due with geopolitics back in the spotlight

Posted on May 25, 2018 at 7:45 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index – which tracks the greenback’s performance against a basket of six major currencies – is nearly 0.2% higher on Friday, ahead of a speech by Fed Chairman Jerome Powell. The index pulled back a little yesterday, mirroring a similar dip in longer-term US Treasury yields. STOCKS: US markets closed lower on Thursday, as news that President Trump had cancelled his summit with North Korea weighed on risk sentiment. The [..]

Strong earnings unable to lift S&P 500 from “no man’s land”; What’s next? – Index News

Posted on May 24, 2018 at 2:59 pm GMT

The S&P 500 has remained range-bound in recent weeks, unable to post considerable gains even amid a strong earnings season, as a plethora of risks ranging from trade to rising interest rates continue to pose headwinds for equity markets. Alongside political considerations, these themes will probably stay at the forefront in the coming months, with price action likely to remain headline-driven and market sentiment vulnerable to sudden shifts. “Going nowhere fast” is a rather accurate description of how the S&P [..]

European Open Preview – Dollar advance halted by Fed signals; UK retail sales and ECB minutes in focus

Posted on May 24, 2018 at 7:47 am GMT

Here are the latest developments in global markets: FOREX: The US dollar index is down by 0.1% on Thursday, after the Fed minutes downplayed expectations for three more rate increases this year. Note though, that the index touched its highest level for 2018 yesterday, before the minutes triggered a pullback. The yen continued to advance, while both the euro and sterling retreated following soft economic data. STOCKS: Wall Street closed higher yesterday despite signals from the White House that more tariffs [..]

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