All Articles Tagged - US500cash

Daily Market Comment – Investors lock gaze on US inflation numbers

Posted on January 12, 2023 at 9:16 am GMT

Dollar trades mixed ahead of US CPI data Inflation expected to further slow Euro, yen could continue outperforming the dollar Wall Street trades in the green on inflation optimism Will US CPI numbers corroborate the Fed pivot view? The US dollar traded mixed against the other major currencies yesterday and continued in a similar fashion today. Apart from some moves triggered by stories related to other currencies, dollar traders seem to be avoiding heavy positioning ahead of today’s US CPI [..]

Earnings season could be rough for an expensive stock market – Special Report

Posted on January 12, 2023 at 8:16 am GMT

The earnings season will kick into high gear this week and investors are bracing for turmoil. Earnings are expected to decline on a year-over-year basis for the first time since 2020, as weakening demand coupled with high cost pressures squeeze corporate profit margins. With valuations still quite expensive, such gloomy results could be the catalyst for another flush lower. Uncertainty Equity markets started the new year on a strong note, but it’s questionable whether this optimism will last. Leading indicators [..]

Daily Market Comment – Dollar dips ahead of NFPs, euro awaits inflation data

Posted on January 5, 2023 at 9:21 am GMT

Fed minutes show officials unwilling to cut rates in 2023 Dollar traders lock gaze on US employment report Eurozone inflation numbers enter the limelight as well Dollar trades lower even as minutes confirm hawkish Fed The US dollar traded lower against all but one of the other major currencies on Wednesday, with the exception being the yen. The currency that gained the most ground was the risk-linked aussie, which may have benefited from news that China allowed the resumption of [..]

Daily Market Comment – Dollar receives support from data, PCE inflation in focus

Posted on December 23, 2022 at 9:17 am GMT

US jobless claims and GDP data help the dollar Core PCE inflation the next focal point Wall Street comes back under pressure Dollar rebounds on low jobless claims and upwardly revised GDP The US dollar rebounded against almost all its major peers yesterday. It failed to gain against the yen, but it is doing so today. What may have added some fuel to the dollar’s engines were the lower-than-expected initial jobless claims for last week and the upside revision of [..]

Daily Market Comment – Dollar stays weak, Wall Street extends gains

Posted on December 22, 2022 at 9:37 am GMT

Dollar continues to feel the heat of Fed pivot expectations Nike, FedEx, and consumer sentiment help Wall Street Oil gains on US inventory drawdown Dollar on the back foot as investors maintain pivot bets The dollar traded slightly higher against most of the other currencies yesterday, but it came back under renewed selling pressure today. It seems that the dovish market expectations about the Fed’s future course of action continue to weigh on the greenback and this is evident by [..]

Stock market outlook 2023: Will the bears strike back? – Special Report

Posted on December 21, 2022 at 7:40 am GMT

Equity markets suffered a bruising year, crushed under the boot of rising interest rates and fading government spending. This weakness could extend into next year, as US valuations remain expensive by historical standards and leading economic indicators suggest a recession is a real possibility, spelling downside risks for corporate earnings. The good news is that every crisis passes, and any serious selloff might simply offer long-term investors more attractive entry points. Inflation vs recession It’s been a troublesome year for [..]

Daily Market Comment – ECB appears hawkish, US retail sales disappoint

Posted on December 16, 2022 at 9:20 am GMT

ECB signals that more double hikes are on the way US retail sales slide by more than expected Dollar ends Thursday higher on haven flows Wall Street slides on recession fears ECB slows hikes to 50bps but pledges more to come The US dollar finished Thursday higher against all its major peers, even against the euro, which at some point received support from a hawkish ECB. That said, a lower euro/dollar does not give the full picture of how the [..]

Daily Market Comment – Investors brace for US inflation turmoil

Posted on December 13, 2022 at 9:41 am GMT

Dollar drifts lower ahead of pivotal US inflation report Delicate balance between optimism and caution in stocks Yen suffers some bruises ahead of BoJ’s Tankan survey Inflation test A trial by fire awaits investors today, as the latest US inflation report could single-handedly determine whether global markets end the year with a party or a riot. Forecasts suggest inflation cooled further in November, with the yearly CPI rate projected to decline to 7.3% from 7.7% in the previous month. Most [..]

Daily Market Comment – Dollar starts busy week on strong footing

Posted on December 12, 2022 at 9:16 am GMT

Dollar up as producer prices rise by more than expected CPI numbers and Fed decision the greenback’s next tests Wall Street ends Friday session in the red ECB and BoE on the agenda as well Dollar rebounds after upside surprise in PPI data The US dollar entered the new week on a strong footing, outperforming most of the other major currencies. Perhaps market participants decided to enter some long positions, or liquidate some shorts, after Friday’s data showed that US [..]

Daily Market Comment – Gold gets its shine back, stocks drift lower amid flight to safety

Posted on December 8, 2022 at 9:58 am GMT

Sharp decline in US yields saps the dollar, breathes new life into gold Oil hits new lows as recession worries mount, despite China reopening Canadian dollar cannot capitalize on surprisingly large rate hike Give me shelter Investors have started to play defense. There’s a distinct sense that the main threat next year will be slow or negative economic growth, replacing inflation as public enemy number one. This has induced a quiet flight to safety in financial markets as traders attempt [..]

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