All Articles Tagged - US500cash

Daily Market Comment – Stocks lose altitude, dollar reawakens after solid US data

Posted on December 6, 2022 at 9:40 am GMT

ISM services survey signals US economy is still running hot Traders step up bets on Fed terminal rate, boosting dollar RBA delivers no surprises, yen retreats as US yields spike Inflation strikes back Inflation concerns returned to haunt financial markets on Monday, after a closely watched survey suggested that US economic activity gathered momentum heading into year-end, piling more pressure on the Fed ahead of next week’s rate decision. Despite a series of shock-and-awe rate increases this year that were [..]

Daily Market Comment – Dollar slides despite solid nonfarm payrolls

Posted on December 5, 2022 at 10:14 am GMT

Surprisingly strong US jobs report cannot revitalize dollar rally Stock markets storm back to erase losses, OPEC stands pat China relaxes some covid restrictions, RBA decision eyed Conflicting signals in US jobs data There was no shortage of volatility in the FX complex on Friday. While the latest batch of US employment data was strong on the surface, with nonfarm payrolls exceeding projections and wage growth firing up, the dollar could not capitalize for long. Signs that the economy is [..]

Daily Market Comment – Dollar pulls back as markets prepare for Powell’s speech

Posted on November 30, 2022 at 9:24 am GMT

Dollar pulls back as investors await Fed Chair Powell Powell likely to push back on policy pivot Eurozone inflation data also under the limelight Dollar eases from one-week high ahead of Powell’s speech The US dollar traded mixed against the other major currencies on Tuesday, while it came under some broader selling pressure today. Following the recovery in risk appetite after Chinese authorities revived hopes that the world’s second largest economy could start easing its COVID-related restrictions, investors may have [..]

Daily Market Comment – Dollar stays weak, ECB minutes reveal inflation fears

Posted on November 25, 2022 at 9:33 am GMT

Dollar headed for weekly loss as Fed minutes continue to weigh ECB minutes show concerns about inflation becoming entrenched Oil prices stabilize above September lows Dollar continues to sail south in thin holiday trading The US dollar continued underperforming all but one of the other major currencies on Thursday, with the exception being the Swiss franc against which the greenback traded virtually unchanged. The dollar stabilized today, but with the US calendar empty, traders may continue acting based on the [..]

Daily Market Comment – Dollar slides and Wall Street rises after Fed minutes

Posted on November 24, 2022 at 9:39 am GMT

Fed minutes show that officials agreed on slower rate hikes Dollar extends slide against all other major currencies Wall Street adds to gains ahead of Thanksgiving Oil prices slip on price cap talks Dollar slides as Fed minutes reveal concerns about overshooting The US dollar extended its slide yesterday and kept drifting south during the Asian session today, with investors liquidating more of their long positions after the Fed released the minutes of its latest gathering. The minutes revealed that [..]

Daily Market Comment – Risk assets rally ahead of Fed minutes, RBNZ lifts kiwi

Posted on November 23, 2022 at 9:52 am GMT

Retreat in the dollar and yields helps fuel risk appetite Stock markets rally, kiwi jumps after RBNZ decision European PMIs paint grim picture, Fed minutes next Risk appetite returns Investors went on a shopping spree on Tuesday, raising their exposure to riskier assets without any clear news catalyst behind this sudden shift in sentiment. The S&P 500 closed at its highest levels since mid-September as implied volatility collapsed, with a pullback in the dollar and real yields helping to fuel [..]

Daily Market Comment – Dollar stands tall, yen resumes its decline

Posted on November 22, 2022 at 9:19 am GMT

Dollar shines, yen slides as US yields march higher Oil recovers on Saudi signals, stocks chop around RBNZ to roll out another rate increase, but how big? Dollar kicks back Another round of hawkish rhetoric from Fed officials and a flight to safety resulting from China’s virus outbreaks propelled the world’s reserve currency higher as the new week kicked off. The Fed’s Daly and Mester said that the pace of rate increases might be dialed down next month, yet stressed [..]

Technical Analysis – US 500 consolidates slightly below 200-day SMA

Posted on November 21, 2022 at 1:44 pm GMT

The US 500 stock index (cash) has been constantly gaining ground in the short term, recording consecutive higher highs. However, the price has been trading sideways in the last few daily sessions after it failed to challenge the 200-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are subsiding. Specifically, the RSI is losing ground but remains above its 50-neutral mark, while the MACD histogram is weakening above both zero and its red signal line. If selling pressures intensify, immediate support [..]

Daily Market Comment – Dollar recovers, oil extends slide, stocks drift sideways

Posted on November 21, 2022 at 9:50 am GMT

Dollar attracts safe-haven flows as China tightens restrictions Demand worries deal heavy blow to oil prices, gold retreats too Stock markets trade sideways, but fundamentals spell trouble Dollar regains ground The US dollar spent most of this month on the ropes, pressured by signs that inflation is simmering down and speculation that the Fed is in the final chapters of its tightening cycle. Yet, the reserve currency came back swinging on Monday, regaining lost ground with some help from safe-haven [..]

Wall Street storms higher – Bear rally or trend reversal? – Special Report

Posted on November 17, 2022 at 10:59 am GMT

Stock markets staged a fierce comeback in the past month, emboldened by hopes that inflation has started to lose its kick and China is about to relax its covid strategy. Those are steps in the right direction, but fall short of signaling a trend reversal. Most leading indicators point to a recession that is yet to come, valuations remain stretched, and earnings estimates are still too rosy. The storm is probably not over yet. Markets party After a bruising year, [..]

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