All Articles Tagged - US500cash

What’s next for markets amid Israel-Iran tensions? – Special Report

Posted on April 16, 2024 at 8:22 am GMT

Iran launches strikes against Israel, but markets don’t panic Traders seem hopeful this won’t escalate into full-blown war How Israel responds will be crucial for risky assets and oil prices Political theater? Tensions in the Middle East reached boiling point over the weekend after Iran launched drone and missile strikes against Israel, in retaliation to an Israeli attack on an Iranian diplomatic consulate in Syria earlier this month. With the help of US forces, Israeli defense systems managed to [..]

Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch

Posted on April 16, 2024 at 8:02 am GMT

Volatility remains extremely high across the FX spectrum Commodities volatility reaches new highs; Bitcoin poised for smaller moves Equities volatility is off the charts led by the S&P 500 and DAX 40 indices Volatility in EUR/USD remains very high as the pair recorded a decent weekly drop following the stronger US CPI data. Geopolitical events have also played a crucial role in pushing volatility higher in the remaining currencies, including the yen crosses, with the market now looking for bigger [..]

Technical Analysis – US 500 reverses towards 123.6% Fibonacci

Posted on April 15, 2024 at 9:53 am GMT

US 500 cash index experiences a minor pullack Meets support at 123.6% Fibo extension of its 2022 downtrend Oscillators exit overbought zones, but do not weaken dramatically The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October 2023, generating consecutive all-time highs. Although the price has been experiencing a setback in the past two weeks, it’s still too early to call for a sustained downside correction. Should bearish pressures persist, the index could challenge 5,130, which is the 123.6% [..]

Market Comment – Dollar pulls back; ECB sends clearer cut signals

Posted on April 12, 2024 at 8:05 am GMT

Dollar takes a breather, but Fed bets remain unchanged Euro suffers as ECB points to June rate cut Yen intervention warnings intensify S&P 500 and Nasdaq rebound, gold hits fresh record high Fed officials say rate cut not imminent The US dollar pulled back against most of its major peers yesterday, taking a breather following Wednesday’s CPI-related rally, perhaps as the softer-than-expected PPI numbers allowed traders to lock in some profits. Having said that though, the market’s perception about how [..]

What’s behind the US economy’s resilience? – Special Report

Posted on April 11, 2024 at 8:23 am GMT

US economy is still sizzling, outperforming other regions Several factors behind this strength, such as heavy public spending For US dollar to enjoy a massive rally, it may also need risk aversion Why is the US economy still so strong? One of the most striking developments over the past year has been the extraordinary resilience of the US economy, despite the highest interest rates in a generation. The United States grew 2.5% last year, much faster than any other [..]

Market Comment – Dollar and equities trade higher in anticipation of US CPI release

Posted on April 10, 2024 at 8:05 am GMT

US dollar and stocks are in the green today ahead of the key US CPI report All eyes will be on equites if CPI surprises on the upside RBNZ remains hawkish; BoC could show a dovish tilt Dollar and stocks in the green ahead of US CPI The US dollar is higher today as the market is preparing for this week’s key event. While Thursday’s ECB meeting is crucial, today’s US inflation report could determine the wider market performance until [..]

Market Comment – Gold shines bright, yen knocks on intervention door

Posted on April 9, 2024 at 8:02 am GMT

Gold prices remain near record highs – is the rally overstretched? Yen hovers at multi-decade lows, FX intervention still on the radar Dollar inches lower, stocks trade sideways, RBNZ meeting next All that glitters is gold The world’s oldest safe-haven asset has gone on a tear this year, rising more than 13% to reach consecutive new record highs, despite the negative pressure exerted by rising bond yields and a firmer US dollar. Gold has been turbocharged by purchases from central [..]

Market Comment – Stocks climb after sizzling US jobs report

Posted on April 8, 2024 at 8:55 am GMT

Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar unable to hold onto gains, as stock markets race higher Gold hits new record highs, defying rising yields and geopolitics US labor market sizzles The American economy continues to hum along, with the labor market still firing on all cylinders. Nonfarm payrolls rose by 303k in March, handily surpassing forecasts. What is most impressive is that the unemployment rate fell even as labor force participation rose, which suggests the new [..]

Can Q1 earnings season refuel the equity market rally? – Stock Markets

Posted on April 5, 2024 at 1:41 pm GMT

Earnings parade unofficially starts on April 12 with major US banks S&P 500 profit growth forecast at 5.1% y/y after downward revision Fluctuating expectations around Fed policy remain a key risk factor Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, with the positive momentum being carried over to this year as the soft-landing narrative became more and more entrenched in market projections. This positive sentiment translated into solid gains for the stock market, which [..]

Why does the 10-year US yield remain so high? – Special Report

Posted on April 4, 2024 at 2:14 pm GMT

The 10-year US yield is a key determinant of FX moves It tends to drop when the Fed prepares to cut its interest rates Despite market expectations about the Fed, the 10-year US yield remains high A stock market correction could be a catalyst for a sizeable drop in US yields The 10-year US yield is the barometer of the US economy. It is the basis for pricing both sovereign and corporate debt and it also determines US mortgage rates [..]

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