All Articles Tagged - US500cash

Technical Analysis – US 500 cash index is in the green ahead of the Fed

Posted on April 29, 2024 at 7:08 am GMT

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings and the lack of a significant upside surprise in last week’s PCE report. The US 500 index is apparently preparing to test the 50-day simple [..]

Market Comment – Yen keeps sinking after Bank of Japan decision

Posted on April 26, 2024 at 8:50 am GMT

Yen falls to fresh multi-decade lows after BoJ rate decision US GDP flashes mixed signals, dollar retreats in aftermath Stocks recover on solid tech earnings, gold resumes uptrend Yen plummets – how close is FX intervention? The Japanese yen continues to melt down, hitting new multi-decade lows against the US dollar after the Bank of Japan refrained from providing any concrete signals on further rate increases and following some disappointing inflation data from Tokyo. Even though the BoJ revised its [..]

Market Comment – Yen tumbles to fresh lows, dollar awaits GDP

Posted on April 25, 2024 at 8:14 am GMT

Yen falls to new 34-year low ahead of BoJ decision Dollar traders await GDP and PCE data Wall Street mixed, gold stays on the back foot Will Ueda appear in a hawkish suit this time? The yen extended its tumble to a fresh 34-year low, falling below 155.00 per dollar. With less than 24 hours to go for the Bank of Japan’s decision, investors are likely sitting on the edge of their seats in anticipation of the gathering’s outcome. Recently, [..]

Market Comment – Stocks in the green, dollar stable as next batch of US data awaited

Posted on April 24, 2024 at 8:24 am GMT

Stocks feeling more positive following the US PMI miss Busy earnings calendar as focus remains on US data prints Dollar/yen remains a tad below 155 ahead of the BoJ meeting Aussie benefits from stronger CPI report Market wants more of the PMI surveys medicine The recent US data prints and particularly the mid-April inflation report has clearly alarmed the market of the possibility that the Fed could keep its rates unchanged in 2024. This is quite a shift considering that in January [..]

Slightly lower volatility across the board ahead of key US data – Volatility Watch

Posted on April 23, 2024 at 9:54 am GMT

Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in the remaining currencies, including the yen and pound crosses, with the former facing a real risk of market intervention and the latter being affected by a [..]

Market Comment – Dollar pulls back, but yen hits new 34-year low

Posted on April 23, 2024 at 8:19 am GMT

Dollar loses ground against risk-linked currencies But yen continues to slide to new 34-year low Stocks rebound, gold falls on easing geopolitical concerns Key US data could further weigh on Fed rate cut bets The US dollar retreated somewhat against most of its major peers on Monday, losing the most ground against the risk-linked currencies kiwi, aussie and loonie, perhaps as the cooling Middle East tensions allowed investors to increase their risk exposures. Having said that though, the fundamental drivers [..]

Market Comment – Risk appetite returns as geopolitical fears calm

Posted on April 22, 2024 at 8:32 am GMT

Global markets in a better mood amid lack of Iran-Israel escalation Stocks recover after sharp selloff, oil and gold prices turn down Busy week ahead for economic data releases and tech earnings Relief rally Global markets started the new week on a positive note, as the absence of further escalation in the Israel-Iran crisis helped calm investor nerves. Riskier assets such as equities recovered some ground early on Monday while crude oil and gold prices declined, reflecting fading concerns about [..]

Week Ahead – US GDP and BoJ decision on top of next week’s agenda

Posted on April 19, 2024 at 7:10 am GMT

US GDP, core PCE and PMIs the next tests for the dollar Investors await BoJ for guidance about next rate hike EU and UK PMIs, as well as Australian CPIs also on tap Earnings season heats up as tech giants report Will US data throw more Fed rate cuts off the table? The dollar staged a strong recovery the last couple of weeks, with the bulls being encouraged to initiate long positions as soon as the US CPI data revealed [..]

Market Comment – US dollar on the back foot as nervousness lingers in equity markets

Posted on April 18, 2024 at 7:59 am GMT

Euro edges higher despite continued hawkish commentary from Fed officials Geopolitical developments cast doubt on ECB June rate cut Yen fails to make considerable gains as market looks to Friday’s CPI data Dollar is on the back foot today Euro/dollar is rising today after testing the 1.06 level. The combination of dovish commentary from the ECB and hawkish Fedspeak, which played a key role in the recent dollar outperformance, appears to have lost its market-moving ability today as investors are [..]

Market Comment – Geopolitics and Fedspeak keep stocks under pressure

Posted on April 17, 2024 at 8:22 am GMT

Stocks remain under pressure as Fedspeak and US data dent rate cuts chances Dollar remains dominant against both the euro and the yen UK inflation surprises on the upside; the pound tries to rally A plethora of Fed, ECB and BoE speakers to keep the market on its toes today Stocks remain under pressure across the globe The market’s attention remains firmly on Middle East developments. With Israel opting for a low-key verbal reaction over the past 24 hours, the [..]

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