All Articles Tagged - US500cash

Higher euro/dollar volatility ahead of US CPI report – Volatility Watch

Posted on May 14, 2024 at 2:25 pm GMT

Euro/dollar enjoys strong volatility ahead of key data releases Gold and silver see higher volatility amidst muted price rally Volatility drops in US equities as risk appetite returns Euro/dollar volatility has jumped higher as the market is preparing for some key US data prints. On the flip side, volatility in yen crosses remains moderate after the recent Japanese interventions, with market participants trying to avoid further provoking the BoJ at this stage. Volatility in the commodities space remains mixed. Oil price [..]

Market Comment – Range trading continues as markets prepare for Wednesday’s CPI

Posted on May 14, 2024 at 8:30 am GMT

Dollar recovers somewhat while US stocks’ rally stalls PPI and Fed Chairman Powell could wake up the market later today Mixed UK labour data complicate the BoE’s outlook Dollar recovers but still in the red during May Range trading continues in most currency pairs as the market is in waiting mode for tomorrow’s crucial US inflation report. The US dollar managed to reverse yesterday’s initial underperformance against the euro with the pair now hovering below the 1.08 level and facing some key [..]

Market Comment – Investors cautious as spotlight falls on US inflation

Posted on May 13, 2024 at 8:12 am GMT

Dollar gains slightly on hawkish Fed remarks Investors scale back their Fed rate cut bets China’s CPI rises for the third straight month US stocks stay supported despite rebound in yields Dollar bolstered by Fed, inflation expectations The US dollar traded slightly higher against most of its major peers on Friday, while it started the new week on a cautious note, with traders perhaps reluctant to assume large positions ahead of Wednesday’s CPI inflation numbers. After a less hawkish-than-expected [..]

Market Comment – Dollar slides, gold shines after soft US labor market data

Posted on May 10, 2024 at 8:23 am GMT

Dollar drops as jobless claims signal labor market is losing steam Gold and stock markets climb, capitalizing on Fed rate cut bets Sterling retreats on BoE decision, but recovers after GDP stats Softer US jobs data fuels rate cut hopes Global markets are set to close the trading week in a cheerful mood after another round of incoming US employment data pointed to an ongoing softening in the labor market, fueling hopes that the Fed might cut interest rates sooner [..]

Technical Analysis – US 500 index advances towards all-time high

Posted on May 8, 2024 at 12:30 pm GMT

US 500 cash index attempts to erase latest pullback Jumps above crucial 123.6% Fibo and eyes record peak Oscillators recover drastically and approach overbought levels The US 500 stock index (cash) has been staging an impressive rally after bottoming out in October 2023, generating consecutive all-time highs. Despite experiencing a strong pullback from its record high of 5,281, the index quickly found its feet and rotated back higher. If buyers continue to apply upside pressures, the price might revisit its record high of 5,281. [..]

Market Comment – Dollar stays weak as Fed rate cut bets increase

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

US labor market cools more than expected Dollar slides as two rate cuts this year become more likely Yen retreats as intervention momentum fades Wall Street cheers prospect of lower interest rates Investors add back to their Fed rate cut bets The US dollar tumbled across the board on Friday and extended losses against some of its major peers on Monday after the US employment report revealed that the world’s largest economy saw its fewest job gains in six months [..]

Market Comment – Dollar slides as Powell rules out rate hikes

Posted on May 2, 2024 at 8:08 am GMT

Fed appears less hawkish than expected Dollar and Treasury yields pull back Yen rallies on another round of suspected intervention Wall Street trades cautiously ahead of NFPs Fed is still leaning towards rate cuts The US dollar slipped against all its major counterparts yesterday, losing the most ground against the Japanese yen, with dollar/yen closing the day slightly more than 2% down. Responsible for the dollar’s retreat was the Fed. The Committee decided to keep interest rates unchanged as was [..]

Technical Analysis – US 500 index might hit lower levels after Tuesday’s slump

Posted on May 1, 2024 at 2:49 pm GMT

US 500 index exposed to more downside after Tuesday’s pullback Short-term risk is negative. Will the bears crack the floor at 4,965-5,000? The US 500 stock index (cash) traded flat at the start of the US open as investors waited for the FOMC policy announcement today at 18:00 GMT. Despite the current muted tone in the market, the short-term outlook does not look promising, especially after the price got hammered near the resistance line from April’s record high for [..]

Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed

Posted on May 1, 2024 at 8:05 am GMT

Fed meeting in the spotlight; equities under pressure Dollar strength continues, could intensify if Fed appears hawkish Questionable yen intervention result; more action over the next sessions? Bitcoin fights for $60k level; oil in retreat despite Middle East headlines May starts on a high note The Fed meeting concludes today with the decision announced at 18:00 GMT and the press conference taking place 30 minutes later. The market does not expect a rate change but there is an increasing possibility of a [..]

Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch

Posted on April 30, 2024 at 9:55 am GMT

Japan’s intervention spurs volatility in yen pairs, usual action elsewhere in FX market Commodities enjoy lower volatility as geopolitical tensions subside Equities at neutral volatility levels during earnings season, Bitcoin volatility picks up Volatility in yen crosses has exploded on the back of a suspected Japanese intervention. Moreover, apart from dollar/yen, other dollar pairs are trading in the middle of their volatility range ahead of the Fed decision on Wednesday and NFP report on Friday. Volatility in the commodity space has also dropped, particularly [..]

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