All Articles Tagged - US500cash

Is the US stock market headed for new lows? – Special Report

Posted on September 22, 2022 at 2:08 pm GMT

Stock markets have taken heavy damage this year, suffering at the hands of rapidly rising interest rates. Valuations have compressed but are still not cheap enough to lure in bargain hunters, and there is a clear risk that earnings estimates are revised lower as the data pulse slows, especially in Europe and China. While this could spell more trouble for equities, investors should not lose sight of the big picture – every crisis passes. Fed hangover For more than a [..]

Technical Analysis – US 500 index extends decline to 2-month low levels

Posted on September 19, 2022 at 9:04 am GMT

The US 500 stock index (cash) has been losing ground in the short term after its latest upside move came to a halt at the 4,155 level. Moreover, the price has dived beneath both its 50-day simple moving average (SMA) and the lower boundary of the Ichimoku cloud, painting a rather gloomy technical picture. The short-term oscillators are indicating that bearish forces are strengthening. Specifically, the MACD histogram is retreating further below both zero and its red signal line, while [..]

Daily Market Comment – Dollar stands tall ahead of upcoming Fed decision, equities resume slide

Posted on September 16, 2022 at 8:49 am GMT

Dollar stays strong as bets of 100bps Fed hike remain on table US retail sales rebound, initial jobless claims fall Equities resume drop on hike bets and rising recession fears Oil slides on agreement to avert a rail strike Investors maintain bets of a 100bps Fed hike The US dollar stood tall against most of the other major currencies on Thursday and during the Asian session Friday, with traders maintaining their bets with regards to an even more aggressive Fed [..]

Daily Market Comment – Yen defies intervention warnings, gold loses its shine

Posted on September 15, 2022 at 8:42 am GMT

Threats of FX intervention don’t do much to boost the yen Currency pairs trapped in narrow ranges, stocks lick wounds Gold under heavy pressure, US retail sales coming up next Yen dismisses intervention The battle for the yen continues to rage in the FX arena, with Japanese officials using every trick at their disposal to stabilize the devastated currency. A double salvo from the government and the Bank of Japan yesterday saw intervention threats being dialed up, which stopped the [..]

Daily Market Comment – US inflation surprise pummels stocks, boosts dollar

Posted on September 14, 2022 at 8:16 am GMT

US inflation comes in hot, fueling bets of a more forceful Fed Stock markets tank, dollar fires up as terminal rates increase Yen finds some support after Japan threatens FX intervention Inflation shock Hopes that the Federal Reserve is about to ease off the brakes got crushed yesterday under the boot of another shockingly hot US inflation report, sending shockwaves across global markets. Consumer prices defied forecasts for a monthly decline and instead rose in August, keeping the yearly rate [..]

Daily Market Comment – Financial world locks gaze on US employment data

Posted on September 2, 2022 at 8:11 am GMT

Dollar hits 20-year high ahead of the NFPs Strong report could justify aggressive Fed hikes Yen, euro lose the most; loonie takes the first place Dollar climbs higher as data support forceful Fed The US dollar continued flexing its muscles against all but one of the other major currencies on Thursday and during the Asian trading session Friday, with the dollar index hitting a 20-year high. Dollar traders kept adding to bets for another triple hike by the Fed at [..]

Daily Market Comment – Euro takes another shot at parity, stocks stabilize

Posted on August 30, 2022 at 8:48 am GMT

Euro inches higher, short squeeze brewing as ECB rolls out big guns Wall Street futures trade higher, but outlook remains challenging German inflation and US consumer confidence data coming up Euro squeeze? The week started off with a bang as the aftershocks of the Fed’s ‘whatever it takes’ message reverberated across the FX arena. A sharp spike in global bond yields dealt a heavy blow to the Japanese yen, which has been plagued by widening rate differentials, while the British [..]

Technical Analysis – US 500 plummets but 50-day SMA caps further decline

Posted on August 29, 2022 at 9:00 am GMT

The US 500 stock index (cash) has experienced a massive drop in the previous session, extending the retreat from its recent resistance point. Even if the decline has come to a halt at the congested territory that includes the 50-day simple moving average (SMA) and the lower Bollinger band, the index retains its bearish near-term picture. The short-term indicators currently suggest that bearish forces have gained the upper hand. Specifically, the MACD histogram is approaching zero after crossing below its [..]

Daily Market Comment – Fed’s shock tactics sink equities, supercharge the dollar

Posted on August 29, 2022 at 8:48 am GMT

Fed chief Powell sends a ‘forceful’ message about slaying inflation Stocks and risk-sensitive currencies tank, alongside yen and gold Dollar is the only winner as it hits fresh two-decade highs Shock therapy The Fed chief resorted to shock tactics on Friday, striking a forceful tone about his resolve to win the inflation battle and sending financial markets into a tailspin. His overarching message was that the Fed is committed to do whatever it takes to cool inflation even if that [..]

Daily Market Comment – Dollar steady, stocks fire up as Jackson Hole begins

Posted on August 26, 2022 at 8:25 am GMT

Traders waiting for Powell’s speech – will he right the ship? Little action in FX complex, but stock markets edge higher Oil takes a hit on Iran news, UK raises energy price cap All about Powell The main event today will be the much-anticipated speech by Fed Chairman Powell at 14:00 GMT before the Jackson Hole symposium. This platform has been used in the past to signal strategy shifts, so market participants will be hanging on his lips for any [..]

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