All Articles Tagged - US500cash

Daily Market Comment – Dollar collapses, stocks and gold shine after US inflation

Posted on July 13, 2023 at 8:26 am GMT

Dollar gets decimated by ‘cold’ US inflation report Stock markets hit new highs, gold powers higher Coming up – US producer prices and ECB minutes US CPI slams dollar lower A ‘cold’ US inflation report sent shockwaves across global markets yesterday, as investors reassessed the path for interest rates. Annual inflation as measured by the consumer price index clocked in at 3% in June, just a shade lower than the consensus estimate of 3.1%, but a sharp slowdown from 4% [..]

Daily Market Comment – Dollar extends fall ahead of US inflation data

Posted on July 12, 2023 at 7:39 am GMT

US dollar beaten up as US inflation report looms Narrowing yield differentials turbocharge the yen RBNZ takes the sidelines, BoC takes the central bank torch Wall Street and gold gain on sliding Treasury yields Dollar traders are positioning for a soft US CPI report The US dollar continued tumbling on Tuesday and during the Asian session Wednesday, losing ground against all the other major currencies. Perhaps traders are positioning for another soft US CPI report later today, a view that [..]

Will US bank earnings exhibit resilience and shrug off Q1 risks? – Stock Market News

Posted on July 11, 2023 at 3:27 pm GMT

Some of the largest financial institutions in the US will unofficially kickstart the second quarter earnings parade, with JP Morgan Chase, Wells Fargo and Citigroup reporting their financial results on Friday before Wall Street’s opening bell. The banking sector came under pressure in March following the collapse of four regional US banks, but recently regained investors’ trust after most US banking giants aced the Fed’s annual stress tests. Can the financial sector display healthy fundamentals and fend off any macro concerns? Harsh first half but [..]

Daily Market Comment – Cable hits new highs as falling yields blast dollar

Posted on July 11, 2023 at 8:47 am GMT

Dollar gets crushed as traders price in a ‘cold’ CPI tomorrow Sterling and yen benefit the most, Cable hits 15-month highs Gold attempts to exit range to the upside, stocks bounce back Dollar derailed by falling yields It’s been a dreadful month for the US dollar so far, even though incoming data releases continue to reaffirm the superiority of the American economy. Economic growth for the second quarter is tracking around 2%, the housing market has staged an impressive recovery, [..]

Technical Analysis – US 500 index may remain downbeat

Posted on July 10, 2023 at 1:39 pm GMT

The US 500 stock index (cash) entered a new bearish phase after pausing its uptrend at a new 15-month high of 4,458 and slightly below the strong resistance line from December. The falling RSI and the MACD have confirmed a lower high, showing a bearish divergence against the market trend. The stochastic oscillator is also negatively charged and has yet to touch its 20 oversold level, flagging more losses ahead. Despite the discouraging technical signals, traders may not easily reduce their exposure [..]

Q2 Earnings season: A crucial reality check for 2023 stock rally – Special Report

Posted on July 10, 2023 at 12:39 pm GMT

The second quarter earnings season will unofficially begin on Friday, with major US banks, as always, setting the tone. Despite stock markets’ stellar performance so far in the year, earnings are set to contract as high interest rates continue to put the brakes on the global economy. With valuations still at expensive levels and liquidity starting to evaporate, any disappointing figures could easily trigger a downside correction. Moment of truth after outstanding first half Undoubtedly, the major US indices exhibited [..]

Daily Market Comment – Dollar slides, gold shines after nonfarm payrolls

Posted on July 10, 2023 at 8:16 am GMT

Dollar gets knocked down by miss in US employment growth Gold benefits, but can it sustain a rally with real yields rising? Stock markets kick off new week with losses, Fed speakers eyed Bruised dollar awaits inflation test The world’s reserve currency absorbed some damage last week, in the aftermath of the latest US employment report. Nonfarm payrolls clocked in at 209k in June, which was below consensus estimates of 225k, disappointing traders who were likely positioned for a stronger [..]

Is the stock market rally running on fumes? – Special Report

Posted on July 6, 2023 at 10:16 am GMT

It’s been a fantastic year for stock markets so far, with the S&P 500 gaining 16% and the tech-heavy Nasdaq Composite 32%. Recession fears have melted away and the hype surrounding artificial intelligence has served as jet fuel for this rally. The problem is that valuations are stretched while earnings growth is stagnant, so it is difficult to view this recovery as the beginning of a new bull market, especially with liquidity flows drying up. Behind the scenes The Nasdaq [..]

Daily Market Comment – Dollar stays weak ahead of key data, yen flirts with intervention zone

Posted on July 5, 2023 at 8:35 am GMT

Dollar extends slide after dismal ISM manufacturing PMI Fed minutes on today’s schedule; ADP and ISM non-mfg PMI tomorrow Yen pauses slide on intervention fears Wall Street resumes trading after Independence Day Dollar stays on the back foot, awaits more key data The US dollar traded lower against most of the other major currencies on Tuesday, gaining ground only against the euro and the Swiss franc. With the US markets being closed in celebration of Independence Day on Tuesday and [..]

Daily Market Comment – Powell wakes up dollar bulls, Ueda hurts the wounded yen

Posted on June 29, 2023 at 8:21 am GMT

Dollar gains as Powell hints at more than one additional hike BoJ’s Ueda says there is “distance to go” before shifting policy S&P 500 and Dow Jones slide on Powell’s comments Powell sounds hawkish enough to encourage dollar buying At a panel discussion between the heads of the ECB, Fed, BoE and BoJ, ECB President Lagarde cemented expectations for a July hike, but what caught investors’ attention were hawkish comments by Fed Chair Powell. This time, the Fed Chief sounded [..]

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