All Articles Tagged - US500cash

Tech stocks wobble on rising yields and chip demand worries ahead of Fed decision – Stock Markets

Posted on September 20, 2023 at 10:28 am GMT

Stocks slide as Treasury yields advance ahead of FOMC rate decision Worries over chip demand outlook casts shadows over AI growth prospects Instacart validates tech IPO resurgence, but can the excitement last? Surging yields bite stocks as inflation fears re-emerge Undoubtedly, the main event of the week is the FOMC interest rate decision later on Wednesday, which will be accompanied by the updated dot plot and a summary of the latest economic projections. Markets are convinced that the Fed will [..]

Market Comment – Fed rate decision enters the spotlight

Posted on September 20, 2023 at 8:22 am GMT

Dollar trades cautiously ahead of Fed decision Yen extends slide despite fresh intervention warnings Pound slides after lower-than-expected UK CPI data Wall Street ends in the red as investors turn focus to Fed Will the Fed add fuel to the dollar’s engines? The dollar continued trading in a cautious manner, gaining some ground only against the yen and the franc, while losing the most versus the risk-linked aussie, kiwi, and loonie. It seems that dollar traders prefer not to engage [..]

Market Comment – Oil prices keep rising despite stock market turmoil

Posted on September 18, 2023 at 9:02 am GMT

Oil prices continue to rise as tight supply kicks in Rising bond yields put pressure on equity markets Dollar rally takes a breather, helping to boost gold Soaring oil prices spell trouble for euro and yen A pivotal week for global markets kicks off with another sharp spike in oil prices. The non-stop rally has seen WTI crude prices rise more than 30% this quarter, driven by a classic supply shortage after Saudi Arabia and Russia decided to curtail their [..]

Technical Analysis – US 500 cash index prepares for Wednesday’s event

Posted on September 18, 2023 at 7:37 am GMT

The US 500 cash index tries to recover from Friday’s decent red candle The bears are trying to increase the bearish pressure by aiming for a lower low The momentum indicators could open the door to a further bearish correction The US 500 cash index is in the green today as the market is anxiously waiting this week’s events. The bears are trying to exert their influence and stage another downleg, but most market participants are unlikely to be aggressive [..]

Stocks cheer mixed CPI report, trade wars migrate to more sectors – Stock Markets

Posted on September 14, 2023 at 3:13 pm GMT

Markets post a risk-on session despite hotter-than-expected headline CPI Renewed trade tensions affect electric vehicle manufacturer stocks and Apple Tech giants discuss with US lawmakers over the need for AI regulation Equities gain despite upbeat inflation reading On Wednesday, markets got an updated US inflation report, which was highly anticipated as it would assess the impact of surging energy prices on the economy. The headline rate accelerated to 3.7% on an annual basis in August versus the 3.6% projection, while [..]

Market Comment – Euro in the spotlight ahead of ECB decision

Posted on September 14, 2023 at 8:28 am GMT

ECB decision coming up, but is it a lose-lose for the euro? Dollar chops around after US inflation, awaits retail sales Gold extends losing streak despite falling bond yields Will the ECB sink the euro? The highlight today will be the European Central Bank decision, where markets are pricing in a 65% probability of a rate increase. Even though a range of leading indicators suggest the Eurozone is teetering on the verge of recession, the persistence of underlying inflation dynamics [..]

Market Comment – Cautious trading ahead of US inflation report

Posted on September 13, 2023 at 8:40 am GMT

US inflation data to set the tone for USD and riskier plays Euro gets a boost from ECB reports, oil prices power higher Tech sector leads stock markets down, gold nurses losses US CPI in the limelight Traders are locked and loaded for another edition of US inflation data today. Markets have concluded that the Fed won’t raise rates next week and this report is unlikely to change this notion. Still, it could shape expectations around the November meeting, which [..]

Technical Analysis – US 500 index challenges 50-day SMA

Posted on September 11, 2023 at 12:51 pm GMT

US 500 index rebounds from its September low Bulls attack the 50-day SMA Momentum indicators point to short-term gains The US 500 stock index (cash) is currently testing the 50-day simple moving average (SMA), with short-term oscillators endorsing this latest advance. The MACD jumped above its red signal line in the positive zone, while the RSI is hovering above the 50-neutral threshold. If buyers propel the price above the 50-day SMA, initial resistance could be found at the recent rejection region of 4,540. Surpassing [..]

Market Comment – Trade war nerves send stock markets lower

Posted on September 8, 2023 at 9:27 am GMT

Apple concerns rock stock markets after China’s iPhone ban Dollar rally takes a breather as yields retreat, but outlook intact Gold creeps higher, helped by yields and sovereign purchases Trade risks hit markets The specter of the Sino-American trade war returned to haunt global markets this week, putting another risk on the radar screen of investors that are already grappling with signs of a global economic slowdown and elevated interest rates. Shares of Apple fell nearly 3% on Thursday, dragging [..]

Market Comment – ISM non-mfg PMI highlights resilience of US economy

Posted on September 7, 2023 at 8:17 am GMT

US service sector unexpectedly gathers momentum ECB officials keep a hike for next week on the table BoE Gov. Bailey says they are ‘much nearer’ to rate peak Wall Street slides as ISM PMI stokes inflation worries Dollar receives boost from ISM non-mfg PMI The US dollar ended Wednesday virtually unchanged against most of the other major currencies, gaining decent ground only against the pound and the franc. The greenback got a strong boost after the ISM non-manufacturing PMI unexpectedly [..]

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