All Articles Tagged - US500cash

Daily Market Comment – Dollar fires up, pushes gold down the stairs

Posted on May 30, 2023 at 8:14 am GMT

Dollar continues to recover ground, bolstered by Fed bets Gold falls to 6-week lows as debt ceiling deal spreads relief Stocks set to open higher, despite looming liquidity drain Euro/dollar grinds lower There’s been a change of fortune for euro/dollar this month. A cascade of cheerful US data releases has convinced traders the Fed will push the rate-hike button one final time this summer, while in contrast, the data pulse in the Eurozone has been weakening as the troubles in [..]

Technical Analysis – US 500 index posts fresh 9-month peak

Posted on May 29, 2023 at 11:48 am GMT

The US 500 stock index (cash) has been in an uptrend since mid-March, slicing through crucial technical regions such as its 50- and 200-day simple moving averages (SMAs). In addition, the index jumped to a fresh nine-month high of 4,232 in today’s session before paring some gains. The short-term oscillators are endorsing the latest upside move. Specifically, the MACD jumped above its red signal line in the positive region, while the RSI is flatlining above its 50-neutral mark. Should the price attempt another [..]

Daily Market Comment – Biden and McCarthy agree to raise US debt ceiling

Posted on May 29, 2023 at 8:00 am GMT

Biden and McCarthy find common ground, deal ready for Congress vote Dollar takes a breather, but summer hike bets increase Turkish lira slips to new record low as Erdogan secures victory Wall Street gains, mainly driven by chip stocks Biden and McCarthy agree to suspend debt ceiling until 2025 The dollar traded lower against most of the other major currencies on Friday, and continued its retreat today, even as US President Biden and Congressional Republican McCarthy reached common ground over [..]

Tight credit conditions weigh on share buybacks, stocks in trouble? – Stock Market News

Posted on May 25, 2023 at 1:37 pm GMT

During the last few years, corporate share buybacks have been one of the main factors behind the prolonged rally observed in the equity space. However, as the period of loose credit conditions and extremely low interest rates has officially come to an end, it remains to be seen whether this theme belongs to the past. Up until now, share buybacks are holding close to their record 2022 levels, supporting equity markets, but can the resiliency extend in the upcoming months? Banking [..]

Daily Market Comment – FOMC minutes on the radar as dollar attempts comeback

Posted on May 24, 2023 at 9:11 am GMT

Dollar extends recovery, stock markets slide in risk-off session Sterling takes a hit despite hot UK inflation, RBNZ sinks the kiwi Debt ceiling nerves grow – are investors focusing on the wrong risk? Fed rethink, but not for stocks There is a sense of caution in the air, with equities sliding yesterday and the dollar finding some demand through the safe-haven channel. Conviction among traders seems low as several risks continue to cloud the outlook, while some classic correlations between [..]

Forget default, is a debt ceiling deal the true risk for stocks? – Special Report

Posted on May 23, 2023 at 12:52 pm GMT

With US lawmakers unable to reach a deal on the debt ceiling, investors are laser-focused on the risk of a catastrophic default. However, the real problem for markets might be what happens after an agreement is found. That’s when the Treasury will scramble to raise its cash levels, which can drain liquidity out of the financial system and in the process, inflict damage on riskier assets such as stocks. Political theater It’s almost certain that US lawmakers will ultimately reach [..]

Technical Analysis – US 500 index hovers around 9-month highs

Posted on May 23, 2023 at 11:58 am GMT

The US 500 stock index (cash) has been steadily gaining ground since mid-March, slicing through crucial technical regions such as its 50- and 200-day simple moving averages (SMAs). In addition, the index jumped to a fresh nine-month peak of 4,214 last Friday and has been rangebound since then. Despite the recent consolidation, the short-term oscillators remain tilted to the bullish side, hinting that the index could extend its uptrend. Specifically, the MACD is strengthening above both zero and its red signal line, while the RSI [..]

Daily Market Comment – Dollar flexes muscles as June hike bets rise

Posted on May 19, 2023 at 7:49 am GMT

Debt-ceiling headlines stay encouraging Initial jobless claims surprise to the downside Fed officials continue to appear in hawkish suits Dollar gains as June hike probability increases Wall Street celebrates the data and debt-ceiling optimism Debt-ceiling hopes, data and Fed rhetoric fuel the dollar The dollar continued to strengthen against almost all the other major currencies on Thursday, although it seems to be taking a breather today. The greenback climbed to seven-week highs helped by more headlines about the US debt-ceiling [..]

Daily Market Comment – Dollar holds firm on debt-ceiling hopes

Posted on May 18, 2023 at 8:00 am GMT

Debt-ceiling negotiations moving in the right direction Housing data point to improvement US dollar gains, but full-scale reversal remains premature Wall Street, oil, and gold reflect market optimism Data and debt-ceiling headlines keep the dollar supported The dollar traded mixed against the other major currencies yesterday, losing mostly against the risk-linked currencies, which likely received support from gains on Wall Street. Today, the greenback is outperforming almost all its major counterparts. What may have kept traders willing to add to [..]

Key earnings season themes to affect corporate outlook – Stock Market News

Posted on May 16, 2023 at 3:15 pm GMT

As the Q1 earnings season draws to an end, investors are closely scrutinising companies’ financial results to assess the health of the US economy and whether consumer spending is holding up. Although looming fears of an impending earnings crash did not materialise, the corporate world experienced a significant profit slump, which is set to persist in the upcoming quarters. So, which are the most important trends to keep a close eye on and how can they affect firms’ financials moving forward? [..]

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