All Articles Tagged - US500cash

Daily Market Comment – US CPI data enters the limelight, BoE sticks to its guns

Posted on October 13, 2022 at 8:26 am GMT

Dollar up on PPI data, down on Fed minutes Investors lock gaze on US CPI numbers Pound rebounds, but BoE cuts gains short Dollar/yen keeps rising as yen stays helpless Dollar calm after some ups and downs The US dollar traded in a quiet manner during the Asian session today, and although it had some ups and downs yesterday, its broader trend and outlook have barely changed. The greenback received a small boost after data revealed that US producer prices [..]

Daily Market Comment – Pound drops on Bailey’s remarks; Yen flirts with intervention again

Posted on October 12, 2022 at 8:32 am GMT

BoE Gov. Bailey rules out extending bond-buying support Intervention warnings resume as yen tumbles to fresh lows Dollar eases ahead of US inflation data IMF downgrades world growth forecasts, warns of recession Pound falls as Bailey says BoE support program to end Friday The pound was the main loser among the major currencies yesterday, coming under strong selling interest after Bank of England Governor Andrew Bailey warned pension fund managers to end their rebalancing process by the end of the [..]

Daily Market Comment – Dollar shines, stocks slide after another solid jobs report

Posted on October 10, 2022 at 9:00 am GMT

US employment report comes in hot, dashing hopes of a Fed pause Dollar races higher, equities slip, but yen is surprisingly resilient Aussie hits new lows after soft Chinese data, crucial week lies ahead Running hot Despite a relentless rally in interest rates this year that was meant to cool demand, the US labor market continues to fire on all cylinders. Nonfarm payrolls clocked in at 263k in September, a slowdown from last month but still a solid reading overall. [..]

Week Ahead – The calm before another US inflation storm

Posted on October 7, 2022 at 11:23 am GMT

An electrifying week is coming up, featuring another crucial US inflation report and minutes of the latest Fed meeting. Both will be key pieces of the puzzle for the dollar and risk assets, as traders grapple with whether the Fed will pause its tightening cycle anytime soon. Even in case of a softer inflation print though, this type of speculation seems premature. Fed bets Investors have been playing with the idea that the Fed might pause its rate increases soon, [..]

Daily Market Comment – Equities begin the last quarter on positive note; RBA delivers smaller hike

Posted on October 4, 2022 at 8:32 am GMT

Wall Street rebounds on worse than expected ISM PMI Pound extends recovery on UK government’s U-turn RBA hikes by 25bps, RBNZ takes the torch Gold gains on sliding bond yields Wall Street rebounds, yields slide on ISM PMI miss Equities finished the first trading day of this year’s final quarter on a positive note, with all three of Wall Street’s main indices gaining more than 2% as Treasury yields pulled back on the larger-than-expected slide in the ISM manufacturing PMI. [..]

Technical Analysis – US 500 plummets to fresh 22-month low

Posted on October 3, 2022 at 8:48 am GMT

The US 500 stock index (cash) has been constantly losing ground in the short term, recording consecutive fresh multi-month lows. Moreover, the price has dived beneath both its 50- and 200-day simple moving averages (SMAs) alongside the lower boundary of the Ichimoku cloud, painting a rather gloomy technical picture. The short-term oscillators currently suggest that bearish forces are strengthening. Specifically, the MACD histogram is retreating further below both zero and its red signal line, while the RSI is declining within its 30-oversold zone. Should selling [..]

Daily Market Comment – Fed officials fire another shot at stocks, sterling recovers

Posted on September 30, 2022 at 8:50 am GMT

Fed warnings and solid US data deal another blow to equity markets Dollar takes another step back as euro and sterling reclaim lost ground Russia set to annex Ukrainian territories, Fed vice chief deliver remarks Wall Street selloff A stormy quarter is drawing to a close. Hopes for a soft economic landing have all but vanished as the Fed continues to beat the drums of forceful rate increases, sending financial markets into a tailspin. With bonds getting blasted alongside stocks, [..]

Daily Market Comment – Bank of England intervenes to calm market stress

Posted on September 29, 2022 at 8:26 am GMT

BoE announces emergency intervention in UK bond markets Global yields come crashing down, stock markets rally in relief Dollar surrenders some ground, but yen cannot capitalize properly BoE steps in The Bank of England hit the panic button on Wednesday, announcing it will step into the UK government debt market to buy £65bn in bonds over the next two weeks to restore stability. Yields on UK bonds had gone through the roof in recent days after the government rolled out [..]

Daily Market Comment – Dollar goes ballistic, sterling licks wounds, stocks slide

Posted on September 28, 2022 at 8:37 am GMT

Dollar reigns supreme over FX space as traders rush to safety Sterling stabilizes near record lows, gold threatens another break Stock markets slide, valuations still too expensive for this regime Bonds implode, dollar shines A selloff in global bond markets has snowballed into a meltdown, sending shockwaves across every asset class. Central banks are still on a crusade to vanquish inflation and governments are finding out the hard way that markets won’t tolerate massive unfunded deficits when interest rates are [..]

Daily Market Comment – Pound rebounds on BoE bets; Dow enters bear market

Posted on September 27, 2022 at 8:31 am GMT

Sterling rebounds as traders ramp up BoE bets Rate hike expectations keep hurting equities Oil and gold claw back some losses after hitting new lows Traders expect more than 100bps hike by the BoE The US dollar continued outperforming all its major counterparts on Monday, with the dollar index hitting a fresh 20-year high. Although it eased somewhat during the Asian session today, its broader uptrend remains intact with its tank being fueled by two pumps: an ultra-hawkish Fed and [..]

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