All Articles Tagged - US500cash

Daily Market Comment – New stimulus measures from China spread cheer

Posted on August 25, 2022 at 9:11 am GMT

China ramps up economic stimulus, US confirms student loan relief Dollar retreats despite rising yields, commodity currencies recover Stocks edge higher too, but caution lingers ahead of Jackson Hole China steps up Global markets woke up in a sunny mood on Thursday, taking comfort from signs that China is stepping up its stimulus game. Beijing announced a new round of spending measures overnight, amounting to almost 1% of national output, which will be calibrated towards infrastructure spending to reinforce an [..]

Daily Market Comment – Euro/dollar slices below parity, stocks worried about Fed

Posted on August 23, 2022 at 8:47 am GMT

Deepening European energy crisis sends euro/dollar beneath parity Stronger US dollar helps the move amid bets for more assertive Fed Wall Street keeps sinking, tech leads the retreat as yields climb back Parity cracks A perfect storm has engulfed euro/dollar, which cracked below the famous parity level to trade at a new two-decade low thanks to a deepening energy crisis in Europe and a US dollar that has been supercharged by bets that the Fed might wrestle back control of [..]

Daily Market Comment – Dollar powers up, stocks slip, China cuts rates

Posted on August 22, 2022 at 8:33 am GMT

Mighty US dollar flexes its muscles ahead of Jackson Hole China cuts interest rates to deal with unfolding property crisis Equity markets rediscover gravity, gold loses altitude too Dollar steamroller The relentless rally in the US dollar is gathering momentum as market participants seek refuge from the troubles in other major currencies and brace for a more forceful tone from a Federal Reserve trying to wrestle back control of financial conditions. A deepening energy shortage has torched the euro, with [..]

Technical Analysis – US 500 retreats after hitting 200-day SMA

Posted on August 22, 2022 at 6:59 am GMT

The US 500 stock index (cash) has been in a sustained uptrend after finding its feet at the 1½ -year low of 3,635. However, the price has exhibited a downside correction since it failed to cross above the 200-day simple moving average (SMA) and is currently hovering around the May peak levels. The momentum indicators are endorsing the recent retracement. Specifically, the stochastic oscillator is descending close to the oversold zone, while the MACD histogram has crossed beneath its red signal line. To [..]

Week Ahead – Will the Fed fire back at Jackson Hole?

Posted on August 19, 2022 at 10:34 am GMT

With the summer coming to a close, Fed officials will head to Jackson Hole for their annual symposium. Financial conditions have loosened lately despite the forceful rate increases, which is counterproductive for the central bank. If they push back, that could spell trouble for risk assets but good news for the dollar. Fed summer camp The top brass of the Federal Reserve will head to the central bank’s summer retreat in Jackson Hole, Wyoming on Thursday to discuss monetary policy. [..]

Technical Analysis – US 500 extends rebound, eyeing 200-day SMA

Posted on August 16, 2022 at 7:27 am GMT

The US 500 stock index (cash) has been in a sustained uptrend after finding its feet at the 1½ -year low of 3,635. In addition, the index has erased almost 50% of its drop from the record high of 4,818, while it is currently set to test the crucial 200-day simple moving average (SMA). The momentum indicators suggest that the recent rally could be overstretched as both the RSI and the stochastic oscillator are currently well within their overbought territories. [..]

Daily Market Comment – Dollar steadies ahead of US inflation shockwave

Posted on August 10, 2022 at 8:29 am GMT

Dollar stable ahead of all-important US inflation report Stocks retreat, led by chipmakers after profit warnings Is China the true gray swan for the global economy? US inflation test The US dollar faces trial by fire today with the release of the latest CPI report, which will reveal whether inflationary forces have finally started to lose their punch. That is the consensus among economists, who collectively expect the yearly CPI rate to decline to 8.7% in July from 9.1% previously, [..]

Daily Market Comment – Wall Street runs into resistance wall, oil eyes Iran deal

Posted on August 9, 2022 at 8:13 am GMT

Stock and bond markets tell very different stories about what’s next Euro/dollar continues to chop sideways, gold claws its way higher Oil in focus as Iran talks reach ‘final text’, deal awaits approval Conflicting narratives Equity and bond markets have been at odds with each other lately, painting conflicting pictures of what lies ahead. The price action in stocks has been consistent with a soft economic landing, with Apple shares down less than 10% from record highs and the meme [..]

Technical Analysis – US 500 index defends bullish direction; bias cautiously positive

Posted on August 8, 2022 at 9:02 am GMT

The US 500 stock index (cash) managed to crawl above its 100-day simple moving average (SMA) last week and rise as high as 4,170, adding more credence to the short-term bullish trend. Although the price is marginally below the previous high, a successful break of which is needed to violate the medium-term downtrend, the momentum indicators have started to flash overbought signals. The RSI is flattening marginally below 70, while the stochastics have already reversed south and are set to cross below [..]

Technical Analysis – US 500 index pauses bullish wave near 100-SMA

Posted on August 2, 2022 at 3:38 pm GMT

The US 500 stock index (cash) achieved another milestone by bouncing aggressively towards its 100-day simple moving average (SMA) at 4,111 last week. The momentum indicators are still elevated within the positive area, suggesting that there might be another opportunity for an upside reversal in the near term, although some softness cannot be ruled out as the RSI is pulling lower, the MACD is fluctuating near a former resistance area and the stochastics are close to overbought levels. The bulls [..]

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