All Articles Tagged - US500cash

Daily Comment – Markets cautious as Nvidia earnings and key US data loom

Posted on August 28, 2024 at 8:09 am GMT

Dollar pauses slide as jobs and inflation data awaited Yen pulls back but hawkish BoJ signals keep it elevated Wall Street awaits Nvidia, oil retreats on demand worries Dollar awaits key data for direction The US dollar extended its slump against all its major peers on Tuesday, as in the absence of any top-tier data and shocking headlines, investors continued to digest Powell’s dovish stance at Jackson Hole. However, today, the dollar is in a recovery mode, perhaps as short [..]

Market Comment – Markets position ahead of Powell’s Jackson Hole speech

Posted on August 23, 2024 at 8:34 am GMT

Dollar rebounds despite jobless claims increase Traders position for Fed Chair Powell’s Jackson Hole speech Yen rebounds as BoJ’s Ueda appears willing to continue hiking rates Wall Street slips as tech shares weigh, gold pulls back Fed cut bets readjusted ahead of Powell’s speech The US dollar rebounded against all but one of its major peers on Thursday, with the only exception being the British pound. With no clear catalyst behind the greenback’s recovery, it seems that investors may have [..]

Market Comment – Dovish Fed and labor data weigh on dollar

Posted on August 22, 2024 at 8:19 am GMT

Fed minutes reveal some members wanted a July cut Nonfarm payroll growth revised down by the most since 2009 PMIs in focus ahead of Powell’s Jackson Hole speech Wall Street gains ground, oil extends slide Dollar slips as traders ramp up Fed cut bets The dollar extended its slide against its major counterparts on Wednesday, as the minutes of the July 30-31 Fed gathering revealed that officials are strongly leaning towards a September rate cut, with some members being willing [..]

Market Comment – Dollar looks at the Fed minutes for a small boost

Posted on August 21, 2024 at 7:32 am GMT

Dollar weakness dominates the FX space Today’s Fed minutes could halt the euro/dollar rally Markets are gearing up to the Powell’s Jackson Hole speech Oil prices remain under pressure Dollar underperformance continues The euro continues to take advantage of the US dollar’s weakness by trading to the highest level since December 2023. This pair has managed to quickly climb above the critical 1.1032-1.1095 area, which has acted as strong resistance in the recent past, with the next plausible target being [..]

Could Fed chief Powell finally reveal his hand at Jackson Hole? – Preview

Posted on August 20, 2024 at 2:35 pm GMT

The Jackson Hole Symposium will be held on August 22-24 Fed Chairman Powell speaks on Friday at 14:00 GMT Markets expect a dovish tone in support of a September rate cut Fed minutes and PMI surveys to set the scene Markets are gearing up for the Jackson Hole Symposium The much talked-about Jackson Hole Symposium is just a few days away with the markets anxiously waiting for Fed Chairman Powell’s speech. The overall Fedspeak during this 3-day gathering could determine [..]

Volatility ebbs as recession fears evaporate – Volatility Watch

Posted on August 20, 2024 at 10:45 am GMT

Besides EUR/USD, FX volatility subsides as markets digest rate path repricing Volatility in precious metals is still high, but oil enters calmer waters Stock indices and Bitcoin volatility at their bottom of their 30-day range Recession concerns from a weaker-than-expected July NFP report have been fading, though they led to notable adjustments in expectations about major central banks’ interest rate paths. This week, investors are focused on Jerome Powell’s Jackson Hole speech, anticipating insights on the Fed’s view on the current economic conditions and prospective rate [..]

Market Comment – Dollar under pressure ahead of Jackson Hole Symposium

Posted on August 20, 2024 at 7:54 am GMT

Stocks in the green again as investors await the Jackson Hole gathering Economists look for strong Fed easing in 2024 despite recession talk dissipating Dollar remains on the back foot against most currencies Aussie fails to benefit from hawkish minutes; loonie could suffer from weak CPI Stocks still in the green Stocks continue to enjoy green sessions as the market is counting down to Friday’s Jackson Hole speech by Fed Chairman Powell. Expectations for a dovish appearance are keeping equities [..]

Was the recent stock market slump an overreaction? – Stock Markets

Posted on August 14, 2024 at 1:34 pm GMT

US indices took a hit after a soft NFP report sparked recessions fears But risk sentiment rebounded, and investors eagerly bought the dip What events may disrupt the market’s supposed immunity to downside risks? V-shaped recovery July’s softer-than-expected NFP report sent shockwaves across all asset classes as fears that the US economy is on the brink of a recession emerged. The CBOE Volatility Index (VIX), Wall Street’s fear gauge, surged to levels last seen during the pandemic, while even safe havens tanked due [..]

Market anxiety fades but volatility remains high – Volatility Watch

Posted on August 13, 2024 at 11:22 am GMT

FX volatility smoothens a little bit as markets digest rate path repricing Volatility in commodities still high amid resurgence of geopolitical tensions Stock indices and Bitcoin still volatile while traders unwind bearish bets Recession concerns from a weaker-than-expected NFP report two weeks ago have been fading, though they led to notable adjustments in expectations about major central banks’ interest rate paths. For that reason, volatility in FX pairs has been elevated, albeit a tad softer than last week. The yen crosses remain the most volatile as the BoJ has scrapped [..]

Technical Analysis – US 500 recovers from aggressive slump

Posted on August 12, 2024 at 1:07 pm GMT

US 500 cash index rebounds from 3-month low The price jumps above 50-SMA on the 4-hour chart Momentum indicators are tilted to the upside The US 500 stock index (cash) came under severe selling pressure last week, dropping to its lowest level since early May. However, the price seems to be in a recovery mode since its recent bottom, with the bulls reclaiming the 50-period simple moving average (SMA). Should bullish pressures persist, the price may challenge the previous support of 5,393, which could serve as resistance [..]

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