All Articles Tagged - US500cash

Market Comment – Equities in the green as they prepare for Friday’s jobs data

Posted on April 4, 2024 at 8:12 am GMT

Stocks bounced higher, helped by Chairman Powell and weaker data Euro gains despite weaker inflation; gold posts a new all-time high A plethora of Fed speakers to potentially impact market sentiment today Stocks edge higher as Chairman Powell sounds reassuring The market continues to be driven by fundamentals, reacting to almost every single piece of data. We remain in the “bad data is good news” phase as the market yesterday tried to largely ignore the stronger ADP employment report, which [..]

Market Comment – Equities under growing pressure, eye US data, amid rate cut doubts

Posted on April 3, 2024 at 8:02 am GMT

Stocks suffer as chances of a summer Fed rate cut decrease Extra focus on today’s US data releases and Fed speakers Euro shows resilience while gold defies gravity Stocks suffer as the US economic outlook remains bright Recent US data releases, and in particular Monday’s ISM Manufacturing survey, appear to have caused quite a market stir. Equities fell during Tuesday’s session with the S&P500 index enjoying its weakest day since early March on the back of growing expectations that the [..]

Technical Analysis – US 500 index retreats from record high

Posted on April 2, 2024 at 3:48 pm GMT

US 500 faces downside pressures for the second consecutive day More weakness possible, but key support levels are nearby The US 500 stock index (cash) opened negative on Tuesday, strengthening its negative momentum towards its 20-day exponential moving average (EMA), which has been buffering downside movements since the start of the year, around 5,185. With the RSI marking a new low below an important support area and the stochastic oscillator decelerating, the odds for a bearish impulse have increased. [..]

Market Comment – Core PCE inflation takes center stage

Posted on March 29, 2024 at 9:10 am GMT

Dollar extends advance ahead of core PCE data Dollar/yen stays on intervention watch S&P 500 secures strongest Q1 in five years Gold stretches to new record high Will PCE data point to sticky inflation? The US dollar continued outperforming most of its major peers on Thursday as the upside revision of the US GDP data for Q4 added more credence to Fed Governor Waller’s view that the Fed should not rush into lowering interest rates. Today, dollar traders have turned [..]

Market Comment – Fed’s Waller fuels the dollar, yen intervention warnings intensify

Posted on March 28, 2024 at 9:34 am GMT

Fed Gov. Waller says no rush to lower rates June rate cut probability declines, dollar gains Yen recovers on stronger intervention warnings Wall Street and gold trade north Dollar gains as Waller signals patience The US dollar finished Wednesday slightly higher against all but one of its major peers and continues to trade on the front foot on Thursday as well. The only currency versus which it lost ground yesterday was the Japanese yen. The greenback started the day on [..]

Does the Easter break affect markets? – Special Report

Posted on March 21, 2024 at 3:46 pm GMT

Oil prices tends to rally before and after Easter Sunday Euro/dollar’s performance becomes clearer when drilling down the data Patterns emerge when focusing only on Easter Sunday occurring in March Most participants who trade based on seasonal patterns, enjoy combining the market’s performance with certain events like the Christmas and Easter breaks. This report focuses on the performance of certain key market assets: (1) during the final week before Easter Sunday, (2) the first week after Easter, (3) 30 days [..]

Market Comment – Dollar tumbles as Fed still sees three rate cuts this year

Posted on March 21, 2024 at 9:16 am GMT

Fed’s updated dot plot continues to suggest three rate cuts in 2024 Dollar tumbles across the board, June cut probability rises Pound traders lock gaze on BoE, SNB cuts interest rates S&P 500, Dow Jones and gold hit new record highs Dollar falls on dovish Fed The US dollar tumbled across the board on Wednesday after the Fed’s new projections revealed that officials are still expecting three quarter-point rate cuts in 2024. The greenback has been in a recovery mode [..]

How the markets could react to the Fed meeting – Special Report

Posted on March 20, 2024 at 4:32 pm GMT

Fed meeting coming up next; the market is in waiting mode The 10-year US Treasury yield usually reacts first to Fed decisions Gold and EURUSD could benefit from lower US yields The much talked about Fed meeting is taking place tonight at 18.00 GMT with the usual press conference held 30 minutes later. There is a growing debate about the outcome of the meeting, the overall rhetoric by Chairman Powell and the famous dot plot. There are some voices in [..]

Technical Analysis – US 500 cash index looks forward to the Fed meeting

Posted on March 19, 2024 at 8:51 am GMT

US 500 index continues to trade a tad below its all-time high Bulls could be taking a breather as the October 27, 2023 trendline acts as support Momentum indicators mostly support the prevailing bullish appetite The US 500 cash index is trading sideways today, a tad below its all-time high of 5,189 recorded on March 14. The market is most likely in anticipation mode for this week’s key events and particularly Wednesday’s Fed meeting. Having said that, the pace of the [..]

Market Comment – Dollar recovers, equities stall after US data releases

Posted on March 15, 2024 at 9:35 am GMT

Dollar stages comeback as US data fuels speculation of fewer Fed cuts Stocks and Bitcoin take a step back, oil climbs after Ukraine drone attacks Yen traders play the guessing game ahead of next week’s rate decision Dollar gets excited after US data The US dollar came back swinging this week, after a series of inflation surprises fueled speculation that the Fed will signal a slower pace of rate cuts when it meets next week. Retail sales disappointed yesterday, but [..]

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