All Articles Tagged - US500cash

Technical Analysis – Could the US 500 cash index correction have legs?

Posted on January 5, 2024 at 11:00 am GMT

US 500 index is in the red again today Correction underway since touching the 4,796 high Momentum indicators support the current bearish move The US 500 cash index is trying to record its sixth consecutive red candle, starting 2024 in a rather negative note. The current correction could gain further traction if the data releases on Friday disappoint market participants. Having said that the US 500 index remains around 14% higher than the October 27, 2023 low of 4,100. The [..]

Market Comment – Investors lock gaze on Fed minutes

Posted on January 3, 2024 at 9:06 am GMT

Dollar rallies on the first trading day of 2024 Fed minutes enter the spotlight, ISM mfg PMI also on tap Wall Street slides, dragged by big tech firms Oil erases gains on deteriorating risk sentiment Dollar rallies as traders scale back Fed cut bets The US dollar began the year on a strong footing on Tuesday, accelerating its advance through the day and even recording gains of more than 1% against some currencies. With no clear event or catalyst to [..]

Market Comment – Dollar starts 2024 on strong footing, Friday’s NFP eyed

Posted on January 2, 2024 at 8:59 am GMT

Dollar gains against most of its major counterparts Fed minutes and US jobs data this week’s highlights Euro awaits Eurozone’s preliminary inflation numbers Gold and oil rebound, Asian stocks open the year mixed Dollar traders lock gaze on Fed minutes and NFP data The US dollar began the first trading day of 2024 on a strong footing against its major counterparts, losing some ground only against the aussie and the pound. Following an uneventful final week of 2023, when investors [..]

Market Comment – Gold and equities shine bright in thin trading

Posted on December 28, 2023 at 10:15 am GMT

Gold closes at its highest level ever as US yields keep falling Shares on Wall Street also hit record highs, fueled by rate cut bets Dollar retreats across the board, boosting the euro and yen Gold rides higher on Fed bets Global markets continue to trade on the notion that major central banks, spearheaded by the Fed, will launch a powerful easing cycle next year. This theme has dominated trading activity in recent weeks as investors ramped up bets that [..]

Market Comment – Dollar slips on Q3 data revisions, PCE inflation eyed

Posted on December 22, 2023 at 9:13 am GMT

Q3 GDP and PCE prices revised lower Dollar resumes slide as Fed rate cut bets increase Aussie and yen the main gainers in FX arena Wall Street rebounds, gold breaks key resistance PCE prices for Q3 trimmed ahead of PCE inflation for November The US dollar resumed its downtrend yesterday against all its major counterparts, with the aussie and the yen taking the most advantage and gaining more than 1% each. The greenback is trying to recover a small portion [..]

Market Comment – Dollar rebounds ahead of PCE data, yen recovers

Posted on December 21, 2023 at 9:28 am GMT

Dollar gains, but investors still expect sharp Fed rate cuts Focus turns to tomorrow’s core PCE inflation metric Yen recovers ahead of Japan’s national CPI numbers Sharp sell-off on Wall Street snaps rally, gold slides Dollar trades higher ahead of PCE inflation release The US dollar rebounded on Wednesday against all but one of the other major currencies, with the pound losing the most after the larger-than-expected slowdown in UK inflation for November convinced investors to add to their BoE [..]

Market Comment – Stocks hit new records on rate cut excitement

Posted on December 20, 2023 at 9:47 am GMT

Dow Jones and Nasdaq 100 cruise to new record highs British pound drops as inflation cools off, yen stabilizes Supply concerns lift oil prices, gold gains some ground Party on Wall Street It’s been a stellar year for stock markets. The Dow Jones and Nasdaq 100 both closed at fresh record highs yesterday, despite some pushback from Fed officials who warned that markets are getting ahead of themselves in pricing in such heavy rate cuts for next year. Investors are [..]

Stock market outlook 2024: Soft landings, rate cuts, and elections

Posted on December 19, 2023 at 2:32 pm GMT

Stellar year for US stock markets, fueled by ‘soft landing’ hopes Can the rally persist in 2024, despite high valuations and election uncertainty? European valuations are much cheaper, partly reflecting recession concerns US stocks race higher, but tougher environment ahead It’s been a sensational year for US equity markets. The S&P 500 has risen more than 23% while the tech-heavy Nasdaq 100 has gained a stunning 52% so far, with both indices coming within breathing distance of their record [..]

Volatility Report – December 19, 2023

Posted on December 19, 2023 at 10:29 am GMT

EUR/USD volatility eases aggressively, major JPY crosses remain in turbulent waters Gold and oil volatility at their midpoints, silver expected to experience sizeable moves Volatility drops in stock indices except JP225; Bitcoin returns to calmer periods EUR/USD expected volatility dropped to the lowest level of the past 30 days as the market appears to be preparing for the much-needed break. However, volatility in yen crosses remains extremely elevated but it is eventually expected to embrace the festive spirit. In commodities, [..]

Volatility Report – December 12, 2023

Posted on December 12, 2023 at 12:28 pm GMT

EUR/USD volatility in neutral zone, major JPY crosses in turbulent waters Gold and silver follow opposite volatility paths, oil remains quiet Volatility picks up in stock indices except S&P500; Bitcoin set for sizeable moves EUR/USD expected volatility remains subdued despite the crucial CPI print expected later today. Meanwhile, the Yen has disrupted a period of calmness across the currency board as its pairs are the only ones showing a jump in volatility relative to last week. In commodities, gold volatility is fading following [..]

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