All Articles Tagged - US500cash

Technical Analysis – US 500 index halts decline, but will it pivot?

Posted on September 10, 2024 at 2:27 pm GMT

US 500 stock index pauses decline near 100-SMA, but negative risks remain Breaking above 5,600 could positively impact buying sentiment The US 500 stock index maintained support close to its 100-day simple moving average (SMA) for a second consecutive day, raising hopes that the current bearish phase may soon diminish. From a technical perspective, there are still some negative developments that should be considered. The price could not reverse its latest bearish candlestick, remaining below its 20- and 50-day SMAs. Additionally, although [..]

Equities volatility jumps as sentiment turns negative – Volatility Watch

Posted on September 10, 2024 at 10:41 am GMT

Euro/dollar volatility remains low as market digests US data prints Volatility in commodities remains low apart from oil Stock indices and bitcoin experience much higher volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is digesting last week’s US labour market data and preparing for Wednesday’s CPI report, which could play a role in determining the size of the imminent Fed rate cut. On the other hand, yen pairs are experiencing higher volatility [..]

Daily Comment – Investors lock gaze on NFP data

Posted on September 6, 2024 at 8:35 am GMT

Dollar slides as data offer little respite to concerned investors NFP to accelerate somewhat, but PMI surveys pose downside risks S&P 500 and Dow Jones end in red ahead of the job numbers Gold rebounds, approaches record high; oil stabilizes Data fail to alleviate investors’ worries The dollar traded lower against all of its major counterparts on Thursday as the boost received by the better-than-expected initial jobless claims and the improving ISM non-manufacturing PMI faded. The reason why traders were [..]

Cryptos’ short-term outlook rests on the Fed – Crypto News

Posted on September 6, 2024 at 7:23 am GMT

Cryptos trade lower due to overall negative market sentiment Spot ETFs outflow confirm investors’ lower appetite Cryptos desperately looking for new bullish catalysts Ethereum a tad above some key support levels Cryptocurrencies remain under pressure The cryptocurrency world remains under severe pressure with bitcoin repeatedly failing to climb above the $60k area. The downward trend from the March highs is still in place, with a series of lower highs setting the bearish tone and pushing the king of cryptos around [..]

Daily Comment – Equities weakness lingers as focus remains on US data

Posted on September 5, 2024 at 7:39 am GMT

Equities remain on the back foot as key US data on the menu today ADP, jobless claims and ISM Services could prove market moving Dollar’s mixed performance continues, yen benefits OPEC+ production rumours fail to push oil prices higher US data releases in the spotlight Equity markets continue to exhibit a rather unexpected fragility as second tier data like Wednesday’s JOLTs job openings resulted in another negative session in most stock indices around the globe. This market behaviour is a [..]

Stocks could suffer after the September Fed rate cut – Special Report

Posted on September 4, 2024 at 2:20 pm GMT

US labour market data to determine the size of the first Fed rate cut History points to an increased possibility of a 50bps move Analysis reveals sizeable equities’ weakness after the initial cut Following Fed Chairman Powell’s appearance at the Jackson Hole Symposium and this indirect announcement of the much-discussed Fed rate cut, the market is counting down to the September 18 meeting. This week’s labour market data could play a role in the size of this rate move with [..]

Daily Comment – Wall Street tumbles amid September blues

Posted on September 4, 2024 at 8:36 am GMT

Yen and franc gain, aussie the main loser Wall Street tumbles on risk-off September start ISM mfg. PMI rekindles economic concerns Oil collapses on prospect of Libyan accord Risk aversion prevails The US dollar outperformed most of its major counterparts on Tuesday, losing ground only versus the traditional safe havens such as the yen and the franc. The biggest loser was the commodity-linked aussie. The strengthening of the safe havens and the weakening of the risk-linked currencies suggests that risk [..]

Volatility eases across the board ahead of key US data – Volatility Watch

Posted on September 3, 2024 at 9:46 am GMT

Euro/dollar volatility drops as market prepares for an action-packed week Volatility in commodities crashes to new lows apart from oil Stock indices and bitcoin experience much lower volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is preparing for this week’s US labour market data releases that could play a key role in determining the size of the imminent rate cut by the Fed. Similarly, yen pairs are experiencing lower volatility as the [..]

Daily Comment – Dollar gains amid adjusted Fed rate cut bets

Posted on September 2, 2024 at 8:10 am GMT

PCE inflation holds steady, 50bps cut less likely Euro slips as Eurozone inflation drops to lowest in three years Wall Street gains on soft-landing hopes Traders scale back Fed rate cut bets as NFP week begins The US dollar finished last week on a strong footing, gaining against all its major counter parts on Friday, with market participants somewhat scaling back their Fed rate cut bets. The total number of basis points worth of reductions by the end of the [..]

Week Ahead – Investors brace for NFP amid Fed rate cut speculation

Posted on August 30, 2024 at 8:58 am GMT

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results as they try to discern the size and pace of the Fed’s forthcoming rate cuts. The weaker than expected July numbers triggered market turbulence, [..]

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