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US500cash

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What you need to know about the troubled commercial real estate debt – Special report

Posted on February 21, 2024 at 1:50 pm GMT

Commercial real estate loans cause anxiety amid high interest rates Bank risks remain low but cannot be ignored    It’s not that quiet on the bank front The US economy has proved surprisingly resilient to the fastest increase in interest rates in forty years. Six months after the latest rate hike, the economy keeps growing at a healthy pace, defying recession risks, which some of its peers are already sinking into. This is great news for the US dollar and one [..]

Market Comment – Dollar in wait and see mode, kiwi extends gains

Posted on February 20, 2024 at 9:02 am GMT

Dollar trades mixed as traders await tomorrow’s Fed minutes Kiwi extends gains on bets that the RBNZ could hike again Aussie remains unimpressed by hawkish RBA minutes China announces biggest ever cut in 5-year LPR Fed minutes the next test for the dollar The US dollar traded mixed against the other major currencies on Monday as US markets remained closed in observance of President’s Day. The greenback gained some ground against the pound, the franc and the loonie, while it [..]

Market Comment – Dollar unable to capitalize on hot inflation prints

Posted on February 19, 2024 at 9:27 am GMT

US producer prices come in hot, but dollar cannot sustain gains Stock markets take a step back, Nvidia earnings to set the tone Gold recovers recent losses with some help from geopolitics Dollar not impressed The US economy continues to run hot. Incoming data point to solid economic growth, the labor market remains tight, and inflation is not cooling down as quickly as investors had hoped. Last week’s releases reaffirmed this narrative, with both consumer and producer prices rising by [..]

Market Comment- US retail sales in focus after UK and Japan slip into recession

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

Goolsbee says Fed is on track even with inflation a bit higher Dollar pulls back, US retail sales enter the limelight Pound wounds deepen as UK economy slips into recession Yen gains on fears of intervention, despite Japan’s downturn Dollar retreats on Goolsbee’s remarks, US retail sales on tap The US dollar pulled back against all but one of its major peers on Wednesday, as traders may have decided to consolidate gains after Tuesday’s hotter-than-expected US inflation data and ahead [..]

Market Comment – Sticky US inflation fuels the dollar’s engines

Posted on February 14, 2024 at 9:35 am GMT

Dollar rallies across the board after higher-than-expected CPIs Investors scale back their rate cut bets, get closer to Fed’s dot plot Dollar/yen surges above 150, triggers intervention warnings Pound extends declines after UK CPIs, awaits tomorrow’s GDP March out of Fed rate cut map as US inflation proves sticky The US dollar surged against all its major counterparts on Tuesday as the US CPI data revealed that inflation in the world’s largest economy is not cooling as fast as expected. [..]

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Technical Analysis – US 500 index jumps above 5,000. Now what?

Posted on February 12, 2024 at 8:39 am GMT

The US 500 index surpasses 5,000; goes from record to record Caution needed as price reaches a former peak area    The US 500 stock index (cash) has been on a steep uptrend since October’s low of 4,099, gaining more than 20% to enter uncharted territory again. The remarkable appreciation lifted the price to a record high of 5,030 last Friday, helping the market to close marginally above the long-term resistance line, which connects the highs from December 2022 and [..]

Market Comment – Yen sinks on BoJ comments, dollar eyes CPI revisions

Posted on February 9, 2024 at 9:44 am GMT

Yen gets mauled as traders lose confidence in BoJ tightening cycle Dollar set for fourth week of gains, inflation revisions today may be crucial Oil prices soar, stock markets take a breather but still at record highs Yen meltdown  It’s been a dreadful start to the year for the Japanese yen, which has already fallen more than 5% against the dollar, as a combination of worsening economic data and cautious comments from the Bank of Japan have raised doubts about [..]

Market Comment – Dollar’s retreat propels S&P 500 to new record

Posted on February 8, 2024 at 9:35 am GMT

Dollar extends retreat as traders await next catalyst Yen slides as BoJ signals no rush to raise interest rates Chinese markets supported by more stabilizing efforts Wall Street rallies, gold holds steady, oil gains Dollar weakens despite Collins pushing back on rate cut bets The US dollar continued pulling back against most of its major peers on Wednesday, gaining only against the yen and the franc. The main gainer was the kiwi, perhaps as New Zealand’s better-than-expected jobs data prompted [..]

Market Comment – Dollar pulls back, kiwi and aussie the main gainers

Posted on February 7, 2024 at 9:18 am GMT

Dollar slides, but uptrend remains intact Kiwi gains on China news and New Zealand jobs data Aussie also higher as RBA maintains tightening bias Wall Street trades in the green, gold rebounds US dollar corrects lower as traders secure profit The US dollar pulled back against all its major counterparts on Tuesday, with the main gainers being the kiwi, the aussie, the pound and the yen in that order. With no fundamental catalyst to drive the greenback lower, its pullback [..]

Market Comment – Gold struggles as solid US data propel dollar higher

Posted on February 6, 2024 at 9:43 am GMT

Gold edges lower, dollar shines after another round of rosy US data Australian dollar recovers on RBA decision and China stimulus hopes Shares on Wall Street lose momentum, but remain near record highs Traders recalibrate Fed rate path Another round of encouraging US data prompted traders to further scale back bets on Fed rate cuts, sending the dollar flying higher on Monday. One of the most important leading indicators of the US economy – the ISM non-manufacturing survey – pointed [..]

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