All Articles Tagged - US500cash

Market Comment – Risk aversion keeps dollar supported ahead of CPIs

Posted on August 9, 2023 at 8:00 am GMT

Concerns about China and Moody’s downgrade weigh on sentiment Dollar gains on safe-haven demand, awaits inflation data Risk aversion keeps Wall Street in correction mode Dollar stays in its safe-haven suit The US dollar continued gaining ground against all its major counterparts on Tuesday as risk appetite continued to deteriorate on the back of disappointing Chinese trade data, but also after Moody’s cut credit ratings of several small and mid-sized US commercial banks late on Monday and said that it [..]

Market Comment – Mood turns sour after alarming Chinese trade data

Posted on August 8, 2023 at 8:57 am GMT

Slump in Chinese trade numbers weighs on risk-linked assets Dollar waiting for US inflation test, yen retreats after wage data Stocks bounce back despite Apple’s troubles, gold trades quietly China’s trade slump The slowdown in the world’s second-largest economy seems to be deepening, as the dual crises in the manufacturing and real estate sectors have dampened growth momentum. Earlier today, China’s latest trade data revealed a worsening contraction in exports and imports, which is a warning sign that both international [..]

Market Comment – Dollar pulls back after weaker US jobs growth

Posted on August 7, 2023 at 8:39 am GMT

US NFPs increase by less than expected in July Dollar, Treasury yields slide, traders add to rate cut bets Loonie suffers, BoJ debates prospect of sustained inflation Wall Street extends correction after US employment report Dollar comes under pressure as NFPs miss estimates The US dollar slid against all but one of the other major currencies on Friday, but it is showing signs of stabilization at the start of this week. What prompted dollar traders to liquidate their long positions [..]

Week Ahead – US inflation report coming up as dollar storms higher

Posted on August 4, 2023 at 10:04 am GMT

The spike in US yields this week gave the dollar a boost, but the longevity of this recovery will be decided by the next edition of US inflation. According to the Cleveland Fed Nowcast model, there is some scope for an upside inflation surprise, which would be a blessing for the dollar. Aside from this release, there isn’t much else that can disturb the waters next week. Dollar shines ahead of inflation test Global markets are still reeling from the [..]

Market Comment – Dollar extends gains, BoE enters the limelight

Posted on August 3, 2023 at 7:54 am GMT

Dollar strengthens on ADP and US debt downgrade ISM non-mfg. PMI the next test for dollar traders BoE expected to hike by 25bps; Will it sound hawkish? Wall Street slumps after US rating cut Dollar wears its safe-haven suit The US dollar continued gaining ground on Wednesday and it appears to be holding firm today as well. The greenback has been slowly gaining ground since the beginning of the day on Wednesday, perhaps due to safe-haven inflows after the unexpected [..]

Market Comment – Dollar gains after ISM manufacturing data

Posted on August 2, 2023 at 8:11 am GMT

Dollar gains as ISM mfg. new orders beat estimates Pound traders await Thursday’s BoE decision Aussie the main loser after RBA stands pat S&P 500 and Nasdaq close in the red, oil hits new three-month high Improving manufacturing outlook helps the dollar The US dollar traded higher against all the other major currencies on Tuesday, but today it seems to be stabilizing, properly extending winnings only against the risk-linked currencies, the aussie, kiwi and loonie. What may have allowed traders [..]

Daily Market Comment – China stimulus promises boost oil prices

Posted on July 25, 2023 at 8:28 am GMT

China pledges more stimulus, lifting oil prices and local stocks Euro licks wounds after disappointing PMIs, antipodeans shine Wall Street advances ahead of Microsoft and Google earnings Stimulus optimism Chinese authorities vowed to roll out more stimulus measures on Monday, spreading cheer in global markets. The world’s second-largest economy has been plagued by a deepening downturn in the manufacturing and real estate sectors, which combined have put the brakes on economic growth, forcing the Politburo into action despite lingering concerns [..]

Daily Market Comment – Euro slides after PMIs, yen gets rocked by BoJ speculation

Posted on July 24, 2023 at 8:42 am GMT

Yen slammed lower as bets of BoJ tightening this week get unwound Euro bruised by PMI surveys, gold undecided, Nasdaq awaits rebalancing Huge week lies ahead, featuring ‘big 3’ central banks and tech earnings Yen suffers in quiet trading Global markets were caught in a holding pattern on Monday, with most assets trading in a relatively quiet manner. Investors seem reluctant to make any portfolio adjustments ahead of what promises to be a volatile week, featuring central bank decisions in [..]

Microsoft Q2 Earnings: ChatGPT and AI performance take centre stage – Stock Market News

Posted on July 20, 2023 at 6:36 am GMT

The next week will be packed with major US tech companies’ earnings releases, which are expected to garner significant attention as the buzz around Artificial Intelligence (AI) has been the main driver behind the 2023 equity market rally. Microsoft, alongside Alphabet, will be the first to unveil its Q2 financial performance on Tuesday after Wall Street’s closing bell. Will the fundamentals support the exponential rally, or will guidance around AI initiatives steal the limelight? Stellar quarter leads to record high [..]

Technical Analysis – US 500 cash index rally continues; a correction is long overdue

Posted on July 18, 2023 at 6:50 am GMT

The US 500 cash index continues its advance, and it is currently trading at the highest level since April 6, 2022. The move since the March 13, 2023 low has been exponential with the lack of significant corrections being very visible at this stage. The index is currently hovering below the busy 4,533-4,550 area, as the bulls appear keen to record another 2023 high. In the meantime, while the momentum indicators are clearly on the bulls’ camp, there are some [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US500cash

XM Live Chat