All Articles Tagged - US500cash

Daily Market Comment – Russia avoids civil war, markets barely react

Posted on June 26, 2023 at 8:33 am GMT

Armed mutiny in Russia ends peacefully, yet gold trades quietly Yen remains close to its recent lows despite hawkish BoJ signals Euro loses ground after soft business surveys, stocks drift lower From Russia, with turbulence An armed mutiny in Russia over the weekend concluded without any bloodshed. The Wagner group – a private mercenary army – started to march against Moscow on Saturday. This followed accusations from the group’s leader, Yevgeny Prigozhin, that the Kremlin had attacked his troops fighting [..]

Is this the time for sizable correction in stock markets? – Stock Market News

Posted on June 22, 2023 at 1:44 pm GMT

US stock indices have staged a powerful rally since October 2022, which is mainly driven by a few tech giants that are anticipated to realise significant gains from the boom in artificial intelligence (AI). However, the market has reached a stage where valuations are overstretched, liquidly is drying up, earnings are stagnating, and the Fed shows no signs of backing off from its aggressive stance. Could this be the beginning of a correction? Stellar performance but limited upside left The [..]

Daily Market Comment – Powell does not convince dollar bulls, BoE enters the spotlight

Posted on June 22, 2023 at 8:27 am GMT

Powell signals more hikes but fails to convince dollar bulls BoE meets with investors split between a 25 and 50bps hike Wall Street pulls back, Bitcoin extends rally Dollar slides as Powell again fails to convince investors The dollar ended Wednesday lower against most of the other currencies, despite Fed Chair Powell delivering a relatively hawkish message when testifying before the House Financial Services Committee of the US Congress. The Fed Chief said that rate increases are “a pretty good guess” of [..]

Daily Market Comment – Dollar awaits Powell, UK CPI data adds extra pressure on BoE

Posted on June 21, 2023 at 8:15 am GMT

Dollar gains as housing starts surge Focus turns to Fed Chair Powell’s testimony UK CPIs increase chances for a 50bps hike by the BoE Wall Street slides as Powell’s testimony looms Powell gets a second chance to convince the market The US dollar gained ground against most of the other major currencies on Tuesday, losing only against the Japanese yen. Although the moves were somewhat reversed during the Asian session today, yesterday’s action suggests a risk-off trading activity, ahead of [..]

Weekly Technical Analysis: 12/06/2023 – US 500, EURUSD, USDJPY

Posted on June 12, 2023 at 12:44 pm GMT

It will probably be the most important week of June as the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BoJ) will review their rate policy amid an uncertain global macroeconomic environment. The decision might be a close call between a pause or another rate hike for the Fed if Tuesday’s CPI inflation figures surprise to the upside. On the other hand, investors are certain that the ECB will deliver another rate hike, while the [..]

Tech stocks remain buoyant as VIX gets crushed – Stock Market News

Posted on June 8, 2023 at 9:52 am GMT

It’s been a fantastic year for mega-cap tech stocks, which have defied all the economic gloom to stage a stunning comeback. The risk is that this rally is approaching its ‘finale’ in an environment where valuations are stretched, earnings are stagnant, and liquidity flows are about to turn negative. Tech party News flow this year has been quite gloomy. A series of bank failures, a deepening contraction in the manufacturing sector, persistently high inflation, and rising interest rates have been [..]

Daily Market Comment – Dollar mixed amidst increasing chances of a Fed skip

Posted on June 7, 2023 at 7:42 am GMT

The probability of a Fed pause next week rises to 80% Dollar gains the most against euro, loses versus the aussie Investors are split on whether the BoC should hike today Wall Street enjoys another day of gains Investors more convinced that the Fed will pause The US dollar traded mixed against the other major currencies on Tuesday, gaining some ground against the euro, the yen, and the Swiss franc, and underperforming versus the aussie, the kiwi and the loonie. [..]

Daily Market Comment – US jobs data keeps the door for a June pause wide open

Posted on June 5, 2023 at 7:56 am GMT

Dollar gains as NFPs beat estimates But June pause probability stays unmoved as wages slow RBA faces dilemma to hike or stay sidelined Saudi Arabia pledges oil cuts from July Dollar rebounds as US economy adds 339k jobs The US dollar traded higher against most of its major peers on Friday and continued to gain today after the US employment report revealed that the economy added 339k jobs in May, up from an upwardly revised 294k in April, and much [..]

Daily Market Comment – Dollar weakens further ahead of the NFPs

Posted on June 2, 2023 at 8:09 am GMT

Dollar extends slide on slowing unit labor costs Investors scale back their Fed hike bets NFPs enter the limelight; mind the earnings Wall Street cheers June pause prospect Dollar slips as investors remove more June hike bets The US dollar continued tumbling on Thursday, losing ground against every other major currency, while staying on the back foot against most of its peers today as well. Following dovish remarks by Fed Board Governor Jefferson and Philadelphia Fed President Harker, who both [..]

Daily Market Comment – Fed officials signal pause in rates, dollar retreats

Posted on June 1, 2023 at 8:12 am GMT

Dollar loses steam after Fed members indicate ‘pause’ in rate hikes US debt ceiling deal passes House, but stocks and gold uninterested Eurozone inflation data and key US releases coming up next Fed officials kneecap dollar Bets that the Federal Reserve will raise interest rates this month receded yesterday, after a couple of FOMC members signaled they would rather “skip” a rate increase. Fed Board Governor Jefferson, who is also the nominee for vice-chair, joined forces with Philly Fed President [..]

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