All Articles Tagged - US500cash

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Market Comment – Dollar pulls back as US CPI data take center stage

Posted on December 12, 2023 at 9:13 am GMT

US inflation numbers enter the spotlight ahead of the Fed Headline CPI rate expected to tick down, core to hold steady Yen extends slide on more BoJ-related reports, rebounds today Wall Street climbs to new highs for the year Dollar retreats ahead of CPIs and Fed The US dollar traded lower or unchanged against the other major currencies on Monday except the Japanese yen, which continued to slide. Today, the greenback is trading on the back foot against all, with [..]

Market Comment – Dollar gains after strong US jobs data; CPIs and Fed awaited

Posted on December 11, 2023 at 9:18 am GMT

Dollar rallies as NFP beat estimates, unemployment rate slides Investors push back their Fed rate cut bets Focus now turns to US CPI data and Fed meeting Wall Street gains on soft-landing hopes, oil recovers Better-than-expected US jobs data lift US dollar The US dollar rose on Friday after the US employment report revealed that job growth in the US accelerated by more than expected in November and that the unemployment rate dropped, prompting market participants to push back their [..]

Market Comment – Yen springs higher, nonfarm payrolls coming up

Posted on December 8, 2023 at 9:21 am GMT

Japanese yen charges higher on rate hike speculation Dollar turns to US employment report – downside risks? Stock markets climb as Google rekindles AI euphoria Yen takes the elevator up The Japanese yen blasted higher on Thursday, gaining 2% against the US dollar after the Governor of the Bank of Japan provided the clearest indications yet that the era of negative interest rates is about to end. Speaking before parliament, Governor Ueda said that calibrating monetary policy will become “more [..]

Technical Analysis – US 500 cash index on the brink of a bearish move

Posted on December 7, 2023 at 10:55 am GMT

US 500 index is trading sideways amidst key market events It failed to record a new 2023 high, denting bullish sentiment Momentum indicators point to increasing bearish pressure The US 500 cash index is trying to record a green candle today as it trades in the busy 4,533-4,550 area. The aggressive move from the October 27 low appears to have run out of steam, especially after the US 500 index failed to record a new 2023 high, above the July [..]

Market Comment – Yen flies as BoJ’s Ueda talks ultra-loose policy exit

Posted on December 7, 2023 at 9:37 am GMT

BoJ Governor Ueda discusses options after ending negative rates Yen rallies as speculation for BoJ pivot intensifies Dollar defies weak labor market data again Wall Street slips, oil falls 4% on gasoline stock build BoJ’s Ueda adds fuel to yen’s tanks The US dollar continued gaining ground against most of its major peers yesterday, but today the protagonist was the yen, which rallied following remarks by BoJ Governor Ueda on exiting negative interest rates. The BoJ chief said that they [..]

Market Comment – Gold and equities retreat from recent peaks

Posted on December 5, 2023 at 9:18 am GMT

Gold reverses lower after leaping to record highs Dollar recovers, turns to ISM survey for direction Stock markets pull back, led by big tech shares Gold loses altitude The world’s oldest safe-haven asset started the week in an explosive manner, shooting up to new record highs only to get rejected and close the session sharply lower. The intraday range in gold prices was $115 per ounce yesterday, which amounts to more than 5% of the precious metal’s value. Behind this [..]

Technical Analysis – US 500 consolidates near 4-month highs

Posted on November 27, 2023 at 1:51 pm GMT

US 500 index trades sideways after posting fresh 4-month peak Momentum indicators approach their overbought zones Risk of a downside correction is increasing The US 500 stock index (cash) has been staging an impressive rally since it bottomed out in October, piercing through the descending trendline that connects its recent lower highs. However, the uptrend appears to be on hold in the last few sessions as the short-term oscillators are pointing at overbought conditions. Should buyers attempt to push the price even higher, immediate resistance could be [..]

Earnings season halts corporate profits recession, year-end rally in sight? – Stock Markets

Posted on November 22, 2023 at 3:33 pm GMT

Q3 financial results put an end to the earnings contraction streak Profit margins improve but real revenue suffers US indices look expensive as markets price in the perfect scenario Solid earnings season with some asterisks As the vast majority of US companies have revealed their Q3 financials, it is safe to draw some conclusions about the health of the corporate world. Firstly, the results have been quite encouraging, with the S&P 500 posting a 6.6% annual earnings increase according to [..]

Does the Santa Claus rally really exist? – Special Report

Posted on November 22, 2023 at 1:54 pm GMT

US equities exhibit a strongly positive year-end performance post-Thanksgiving FX pairs do not follow a specific pattern in the examined period Gold and USDJPY rally every time the Thanksgiving holiday falls on November 23 We are nearing the end of another trading year and the newswires are crammed with stories about the famous Santa Claus rally. In a nutshell, the market believes that risky assets tend to rally towards the end of the year. Most analysts calculate the assets’ performance [..]

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