All Articles Tagged - US500cash

Daily Market Comment – Dollar stays strong, pound plummets as UK inflation eases

Posted on February 16, 2023 at 9:09 am GMT

US retail sales rebound strongly, adding to soft landing hopes Dollar climbs higher as investors maintain Fed hike bets Pound falls as slowing inflation alleviates pressure on BoE Equities gain, but gold extends decline US retail sales rise most in two years, dollar extends gains The US dollar continued to march north on Wednesday, outperforming all the other major currencies, although it pulled back somewhat today. What added extra fuel to the dollar’s engines may have been the hotter-than-expected US [..]

Daily Market Comment – Dollar on the front foot after inflation data

Posted on February 15, 2023 at 9:23 am GMT

Rental and food prices fuel US CPI Dollar gains as investors add to Fed hike bets Eurozone employment hits new record ECB President Lagarde steps onto the rostrum Investors raise implied Fed rate path on accelerating monthly CPI The dollar traded mixed against the other major currencies on Tuesday, but today it is outperforming all of them as yesterday’s US CPI data allowed investors to maintain the view that interest rates in the US may need to rise higher than [..]

Daily Market Comment – Dollar traders place hopes on jobless claims

Posted on February 9, 2023 at 9:16 am GMT

After Powell, investors listen to more Fed members But implied path on interest rates stays unchanged Jobless claims and next week’s CPI data are the dollar’s next tests Wall Street indices close in the red Fed bets stay untouched after parade of Fed speakers The US dollar stabilized against most of the other major currencies yesterday, pausing the Powell-related slide. However, that was only for a while as today the US currency is back under pressure. Although there were no [..]

Daily Market Comment – Fed Chair Powell halts dollar rally

Posted on February 8, 2023 at 9:16 am GMT

Fed Chair Powell reiterates disinflation remarks Dollar slides as investors revise their implied rate path slightly lower Eurozone inflation expectations edge up Dollar retreats as Powell fails to appear more hawkish The US dollar traded lower against most of its major counterparts on Tuesday, giving back a small portion of the gains it recorded in the aftermath of Friday’s astounding employment report. The greenback remains on the back foot today as well. The person responsible for the dollar’s retreat was [..]

Technical Analysis – US 500 index shifts into corrective mode; uptrend intact

Posted on February 6, 2023 at 12:46 pm GMT

The US 500 futures (cash) were down by slightly less than 1.0% during Monday’s early European trading hours following the reversal from the 4,195 peak last week. The index also tested the 23.6% Fibonacci retracement of the 2020-2021 rally before pivoting southwards. With the momentum indicators decelerating after touching overbought levels, the odds for a downside continuation towards the 20-day simple moving average (SMA) at 4,022 are large. The 50- and 200-day SMAs may also keep the bears busy at 3,970 and 3,940 respectively [..]

Daily Market Comment – Euro and pound slide after ECB and BoE, NFPs enter the limelight

Posted on February 3, 2023 at 9:18 am GMT

ECB’s Lagarde signals another 50bps hike in March BoE’s Bailey says inflation is turning the corner Investors lock gaze on US jobs data ECB President Lagarde appears in hawkish suit but euro slides After the Fed, it was the turn of the ECB and the BoE to announce their monetary policy decisions yesterday. Both of them raised interest rates by 50bps as was widely expected but remarks by ECB President Lagarde and BoE Governor Bailey did not bode well for [..]

Daily Market Comment – Fed flushes dollar down the drain, ECB and BoE next

Posted on February 2, 2023 at 9:20 am GMT

Fed chief strikes neutral tone, markets take it as ‘green light’ to party ECB and BoE decisions coming up, both set for 50bps rate increases Earnings season goes into full force with Apple, Amazon, and Google Dollar crumbles, stocks surge after Fed As expected, the Federal Reserve raised interest rates by one quarter of a percent yesterday and flagged further tightening to come. During his press conference, Chairman Powell struck a relatively neutral tone, highlighting the recent progress in the [..]

Daily Market Comment – Fed decision kicks off central bank bonanza

Posted on February 1, 2023 at 9:36 am GMT

Fed set to raise rates by 25bps but what tone will Powell strike? Dollar remains on the back foot, stocks resume euphoric rally Meta reports earnings, ECB and BoE decisions awaited tomorrow Fed balancing act All eyes will be on the FOMC rate decision today. Investors expect the Fed to wind down the pace of rate increases by rolling out a 25bps hike, which is already fully baked into market pricing. As such, the market reaction will depend mostly on [..]

Daily Market Comment – Dollar gains ahead of major central bank decisions

Posted on January 31, 2023 at 8:58 am GMT

Dollar gains ahead of tomorrow’s Fed decision Spain’s inflation accelerates for the first time in six months Euro/dollar could slide, but outlook stays positive Treasury yields rise, weighing on Wall Street Will the Fed add a hawkish flavor to a smaller hike? The US dollar traded higher against all the other major currencies on Monday and continued to gain ground against most of them today as well. With no major data releases or events to drive the greenback yesterday, it [..]

Daily Market Comment – Dollar stable, euphoric stocks turn lower as busy week begins

Posted on January 30, 2023 at 9:30 am GMT

FX market in a stalemate ahead of crucial central bank decisions Wall Street takes a step back after bull run, tech earnings loom Oil ignores military strikes against Iran, awaits OPEC meeting FX traders brace for central bank updates A massive week lies ahead for investors. Central bank decisions in the United States, Eurozone, and United Kingdom, earnings updates from several Wall Street tech giants, and a heavy dose of economic data releases that include the US employment report all [..]

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