All Articles Tagged - US500cash

Market Comment – Strong retail sales pour more cold water on Fed rate cut hopes

Posted on January 18, 2024 at 9:08 am GMT

Dollar gains as US retail sales beat estimates Probability for Fed rate cut in March declines further Yen falls further ahead of Japan’s National CPI data Pound and euro recover some lost ground US retail sales beat forecasts, weigh on Fed rate cut bets The US dollar continued gaining against most of its counterparts on Wednesday, losing ground only versus the euro and the pound. That said, today it is pulling back, perhaps on profit-taking following its latest advance. What [..]

Market Comment – Dollar rallies as market scales back Fed rate cut bets

Posted on January 17, 2024 at 9:13 am GMT

Waller says Fed is in no rush to cut rates March cut probability slips and dollar gains Pound rebounds after hotter-than-expected UK CPI data Yen and euro extend losses, Wall Street also slips Traders scale back Fed rate cut bets, US retail sales on tap The US dollar rose sharply against all its major counterparts on Tuesday, extending its gains today, as Fed Governor Waller said that while inflation is within “striking distance” of their 2% objective, they should not [..]

Volatility Report – January 16, 2024

Posted on January 16, 2024 at 8:15 am GMT

Volatility crashed across the FX spectrum including EUR/USD and JPY crosses Gold and Silver volatility drops; oil and Bitcoin set for sizeable moves Stock indices in turbulent waters, JP225 volatility records a new monthly high The recent range-trading in EUR/USD has caused the expected volatility to drop to the lowest level of the past month, despite some key data releases. This expectation for small price movements going forward is also depicted in the remaining currencies covered in this report and predominantly [..]

Technical Analysis – Will the US 500 index sail to record highs?

Posted on January 15, 2024 at 9:54 am GMT

The US 500 index flirts with its 2022 record high Lacks momentum, but its trend remains positive above 4,660 The US 500 stock index (cash) recovered its latest pullback, rising swiftly back above its 20-day exponential moving average (EMA) and closer to its record high of 4,817 registered in January 2022. There is some skepticism in the market as the stochastic oscillator is looking for a negative reversal slightly above its 80 overbought level. That said, the RSI is [..]

Market Comment – Global markets go nowhere despite US inflation surprise

Posted on January 12, 2024 at 10:01 am GMT

US inflation surprises to the upside, but markets shrug it off Dollar and stocks close unchanged as Fed narrative remains intact Oil and gold spike higher as US and UK launch airstrikes on Yemen Traders dismiss US inflation surprise Global markets went on a rollercoaster ride on Thursday after the US inflation report, but ultimately ended exactly where they started. Inflation as measured by the consumer price index came in hotter than expected in December, clocking in at 3.4% on [..]

US banks poised to close strong year on soft note – Stock Markets

Posted on January 10, 2024 at 1:57 pm GMT

US banks kick off Q4 earnings on Friday before opening bell Focus falls on the impact of declining yields and rate cut bets Valuation multiples rise but remain historically cheap Tough quarter The banking sector started 2023 with the best possible omens as it was expected to continue capitalising on higher net interest margins. This metric is essentially the difference between the interest income generated by long-term assets such as loans and the interest expense paid to short-term liabilities [..]

Market Comment – Dollar resumes recovery, bitcoin awaits ETF decision

Posted on January 10, 2024 at 9:36 am GMT

Dollar recovers as traders await CPI inflation data Fake SEC message triggers volatility in bitcoin Dow Jones and S&P 500 slide, Nasdaq remains elevated Oil recovers on US inventory drawdown Dollar recovers but March Fed cut probability remains high The US dollar resumed its recovery against all its major counterparts on Tuesday, although it is trading steady on Wednesday. That said, this time, the dollar’s recovery is not a reflection of investors scaling back their Fed rate cut bets. On [..]

Market Comment – Stock markets flirt with record highs

Posted on January 9, 2024 at 9:58 am GMT

Stocks back near record highs as ‘tech fever’ grips investors Oil and gold prices lick their wounds after recent declines British pound and Japanese yen outperform in quiet FX trading Wall Street resumes rally Stock markets staged a ferocious rally on Monday, with the S&P 500 nearly erasing all of last week’s decline to approach its record highs once again. At the tip of the spear was Nvidia, which surged 6.4% to hit its highest levels ever after the chipmaker [..]

Volatility Report – January 9, 2024

Posted on January 9, 2024 at 9:21 am GMT

EUR/USD and GBP/USD volatility picks up, JPY crosses seem quiet Gold and Silver volatility inches lower, oil and Bitcoin set for big moves US indices in calm waters; DAX and JP225 volatility at monthly highs EUR/USD expected volatility remains high after a market moving NFP report and ahead of the US CPI data on Thursday. On the flip side, yen crosses are expected to experience very low volatility going forward. In commodities, gold and silver implied volatility has fallen substantially [..]

Equity indices face moment of truth as earnings season looms – Stock Markets

Posted on January 8, 2024 at 11:46 am GMT

Earnings parade unofficially starts on Friday with major US banks Focus will fall on 2024 guidance as stocks start the year on the back foot Asymmetric risks due to rosy valuations and optimistic growth forecasts Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, closing the year with strong positive momentum. However, the nine-week winning streak came to an end in the first week of 2024, following fresh record highs from both the Nasdaq [..]

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