All Articles Tagged - US500cash

Is the US data that bad to justify a rate cut? – Special Report

Posted on August 9, 2024 at 12:03 pm GMT

The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US recession It has been a very volatile period in markets. The recent higher-than-expected rate hike by the BoJ caused a knee-jerk reaction in Japanese stock markets that led to the yen making significant gains across the board. [..]

Market Comment – Sentiment improves after drop in US jobless claims

Posted on August 9, 2024 at 8:27 am GMT

US dollar gains as data ease further recession concerns Aussie benefits the most, also helped by RBA’s Bullock Wall Street rebounds, oil and gold gain as well Jobless claims drop the most in nearly a year The US dollar ended Thursday mixed against the other major currencies, even though it received a boost from the better-than-expected initial jobless claims for last week. The greenback held onto gains against the safe-havens yen and franc, while it surrendered to the risk [..]

Market Comment – BoJ Summary of Opinions reveals hawkish mood

Posted on August 8, 2024 at 8:16 am GMT

Yen pullback stopped by hawkish BoJ Summary Fed cut bets remain dovish, traders await next week’s data Tech shares drag Wall Street down again Gold rebounds, but remains well off its records Yen remains in the spotlight The yen remained in the spotlight yesterday, with dollar/yen extending its recovery by as much as 2.5% after Bank of Japan Deputy Governor Shinichi Uchida played down the chance of another rate hike soon. However, the recovery in dollar/yen was halted today as [..]

Market angst pushes volatility higher across the board – Volatility Watch

Posted on August 6, 2024 at 10:34 am GMT

Euro/dollar volatility skyrockets as recession fears resurface Volatility in commodities jumps as geopolitics takes centre stage Stock indices experience much stronger volatility, decoupling from Bitcoin Volatility in the main FX pairs, including euro/dollar, jumped to the highest level of the past month as fears of recession, on the back of last Friday’s weak US labour market report, resulted in the market pricing in an aggressive easing path for most central banks during 2024. Yen pairs continue to attract extra interest [..]

Market Comment – Markets breathe easier but will it last?

Posted on August 6, 2024 at 8:00 am GMT

Slightly more positive tone in equity markets today Fear of recession fuels Fed rate cut expectations Light calendar today, focus on data during Asian session RBA remains hawkish, considers rate hike US stock markets set the tone for recovery With the US stock markets recovering slightly yesterday, the overall market sentiment is more positive today. After three disastrous sessions, the Nikkei 225 equity index is in the green at the time of writing, partly assisted by the strong labour cash [..]

Market Comment – Dollar plummets as US jobs data spread panic

Posted on August 5, 2024 at 8:10 am GMT

Disappointing US jobs data push dollar off the cliff Yen extends rally as fears over US economy mount Stocks drop, VIX rallies to levels seen more than a year ago NFP report disappoints, rate cut bets surge The US dollar plunged on Friday after the US employment report for July came in weaker than expected, raising fears about the performance of the US economy and prompting market participants to start believing that the Fed may need to cut interest rates [..]

Volatility remains elevated across the board – Volatility Watch

Posted on August 1, 2024 at 9:21 am GMT

Yen crosses are very volatile after BoJ hike aids yen’s recovery Volatility in commodity sphere jumps amid geopolitical flare ups Global stock indices in turbulent waters but for different reasons Volatility in yen crosses has increased considerably as the latest interest rate hike by the BoJ has added more fuel to the yen’s recovery from multi-year lows against major peers. Moreover, the pound pairs have also been volatile as markets are bracing for the BoE’s rate decision later on Thursday. In commodities, volatility [..]

Market Comment – BoJ hikes but Fed could make a dovish tilt

Posted on July 31, 2024 at 8:20 am GMT

BoJ announces rate hike and bond tapering Focus turns to US data and the Fed Australian CPI fails to record a significant downside surprise Gold and oil jump higher due to Middle East developments BoJ hikes rates and announces bond tapering The Bank of Japan confirmed market expectations and announced a 15bps rate hike earlier today. This is the second tightening move after the March 10bps hike. Citing stronger services inflation, a positive annual change in import prices, solid wage [..]

Market Comment – Markets in waiting mode ahead of earnings releases and risk events

Posted on July 30, 2024 at 8:11 am GMT

Key earnings releases and numerous central bank meetings coming up US stocks in waiting mode, dollar recovering across the board Key euro area data today but all eyes are on Wednesday’s BoJ meeting Gold, oil and bitcoin move in parallel Stocks are mixed ahead of this week’s key events US stock indices were mixed yesterday as the market is preparing for this week’s big events. There is lots of speculation about Wednesday’s Fed meeting but, at this stage, a dovish shift [..]

Market Comment – Dollar trims losses against yen, core PCE on tap

Posted on July 26, 2024 at 8:23 am GMT

Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP data adds fuel to dollar’s engines The dollar traded higher against most of its major counterparts on Thursday, trimming losses against the yen and extending its rally versus the wounded aussie, kiwi and Loonie. What may have allowed the greenback to recover some of the recently lost [..]

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