All Articles Tagged - US500cash

Daily Market Comment – Dollar extends slide after PPI data, does not stabilize on geopolitics

Posted on November 16, 2022 at 9:35 am GMT

US PPI numbers support the case of a less aggressive Fed Missile blast in Poland kills two near border with Ukraine Asian stocks slide, but US futures point to higher open on Wall Street UK inflation surges by a full percentage point in October Dollar slides as PPI numbers support slower Fed hikes The US dollar continued trading lower throughout most of Tuesday, finishing the day down against all but one of the other major currencies, despite a late rebound [..]

Technical Analysis – US 500 index edges higher, 200-day SMA in focus

Posted on November 15, 2022 at 2:26 pm GMT

The US 500 stock index (cash) has been constantly gaining ground in the short term, recording consecutive higher highs. Moreover, the advance accelerated last week after the softer-than-expected US CPI print, with the price currently approaching the 200-day simple moving average (SMA). The short-term oscillators currently suggest that bullish forces are intensifying. Specifically, the RSI is sloping upwards above its 50-neutral mark, while the MACD histogram is strengthening beyond both zero and its red signal line. Should buying pressures persist, the price could initially test [..]

Daily Market Comment – Stocks haunted by crypto troubles, dollar braces for inflation test

Posted on November 10, 2022 at 9:28 am GMT

Upcoming US inflation report will be crucial for dollar and risk-linked assets Stock markets turn down as crypto civil war sparks contagion concerns Sterling takes a hit as risk appetite sours, US election results still unclear Dollar eyes inflation test Global markets are on red alert for the latest batch of US inflation data later today. Inflation is still the boogeyman for consumers, central banks, and investors alike, so this dataset has turned into the most important release in financial [..]

Daily Market Comment – Dollar skids as midterm results and inflation data loom

Posted on November 9, 2022 at 9:37 am GMT

Midterm votes counted so far point to political gridlock Dollar extends slide, inflation data the next test Wall Street ends Election Day higher Dollar extends slide on prospect of Republican-led House The US dollar lost further ground against its major peers on Tuesday. It seems that investors continued to weigh the prospect of slower rate increases by the Fed as they await results of the US midterm elections and the US inflation data. According to the Fed funds futures, they [..]

Daily Market Comment – Dollar stays in corrective mode ahead of US midterm elections

Posted on November 8, 2022 at 9:18 am GMT

Investors lock gaze on midterms as gridlock looms Dollar may slide, but reversal discussion remains premature Equities could cheer political stalemate Democrats set to lose control of Congress The US dollar continued to slide against every other major currency on Monday, still feeling the heat of a rising unemployment rate and remarks by four Fed officials who said that they would consider a smaller rate hike at their next gathering. That said, the greenback found a steadier footing today, recouping [..]

Daily Market Comment – Mixed US employment report leaves dollar with bruises

Posted on November 7, 2022 at 9:35 am GMT

Dollar retreats, Fed bets ease as nonfarm payrolls offer mixed signals Stock markets, gold prices, and risk-linked assets enjoy relief rally Huge week ahead, featuring US midterm elections and inflation data Conflicting signals in US jobs report A mixed bag of US employment numbers left financial markets in disarray on Friday. While nonfarm payrolls exceeded forecasts and wage growth came in hot, the household survey painted an entirely different picture, with the unemployment rate spiking higher even as labor force [..]

Daily Market Comment – Powell lifts the dollar; BoE takes the central bank torch

Posted on November 3, 2022 at 9:31 am GMT

Fed hints slower hikes, but Powell says rates will go higher Dollar gains, Wall Street falls as investors lift terminal rate BoE expected to hike by 75bps, biggest increment since 1989 Fed Chair Powell appears in hawkish suit Thursday was a resurrection day for the US dollar, which finished the day higher against all the other major currencies and continued marching upwards today as well. The driver was Fed Chair Jerome Powell, who appeared more hawkish than expected, especially after [..]

Daily Market Comment – Investors lock gaze on Fed decision

Posted on November 2, 2022 at 9:07 am GMT

Fed to hike by 75bps, attention to fall on language Market split on December hike, even after JOLTS upside surprise EU and Asian equities gain, Wall Street slides Will the Fed confirm hopes of slower tightening? The dollar traded mixed against the other major currencies on Tuesday but came under some broad-based selling today, with investors hoping that Fed Chair Powell and his colleagues will hint at slower rate increases when they announce their monetary policy decision later today. The [..]

Technical Analysis – US 500 index seeks next bullish breakout

Posted on November 1, 2022 at 11:00 am GMT

The US 500 stock index (cash) has been building a pattern of higher highs and higher lows since its 2021 downtrend stalled at an almost two-year low of 3,489 in mid-October. With the price trading above its simple moving averages (SMAs) on the four-hour chart and the momentum indicators fluctuating within the bullish territory, buying interest could persist in the short term. October’s high of 3,913, which coincides with the 50% Fibonacci retracement of the 4,325-3,489 downleg, is currently under examination. The bulls will [..]

Daily Market Comment – ECB hammers euro down, earnings roil Wall Street

Posted on October 28, 2022 at 9:08 am GMT

Euro slides despite triple-barrel ECB rate hike Yen inches lower as BoJ refuses to adjust policy Stock markets retreat after soft Amazon earnings Cautious ECB message An overload of crucial events has left global markets on edge, with investors still trying to digest policy decisions from the European and Japanese central banks, the latest GDP report from the United States, and a flurry of corporate earnings that warned of economic storm clouds. In euro land, the ECB rolled out another [..]

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