All Articles Tagged - US500cash

Daily Market Comment – Stock markets party even as US economy contracts

Posted on July 29, 2022 at 8:57 am GMT

US economy flirts with recession after second negative GDP print Bad news is good news for stock markets, solid earnings help too Yen stages sharp comeback, dollar loses some steam, gold bounces Don’t call it recession The United States is teetering on the edge of a recession after the economy shrank for a second consecutive quarter, adding another headache for Federal Reserve officials in their fight against roaring inflation. Dissecting the GDP report, the silver lining was that much of [..]

Daily Market Comment – Fed to roll out another shock-and-awe rate increase

Posted on July 27, 2022 at 8:45 am GMT

Fed triple-barreled rate hike locked in, all eyes on Powell Euro gets crushed by soaring gas prices, dollar capitalizes Decent results from Google and Microsoft calm some nerves Fed: Inflation vs growth The spotlight will fall on the FOMC decision today. Market pricing suggests a rate increase of three-quarters of a percent is essentially a done deal, with a chance of around 10% for an even bigger move of a full percentage point. Admittedly though, that doesn’t seem realistic as [..]

Daily Market Comment – Earnings season kicks into top gear

Posted on July 26, 2022 at 8:24 am GMT

All quiet on the FX front, traders sidelined ahead of Fed decision Oil prices reclaim some ground on Russian pipeline shenanigans Stock markets await crucial earnings from Microsoft and Google Fed nerves It was a relatively calm session in the FX space. The prevailing theme was a slightly softer US dollar, but nothing to write home about. Most currency pairs traded in relatively narrow ranges, without any impactful data releases or news to drive the price action. Traders are playing [..]

Daily Market Comment – Yen gets some relief as dismal PMIs fan recession fears

Posted on July 25, 2022 at 8:45 am GMT

Gloomy business surveys from Europe and US add to market nerves Yen and gold come out on top as Fed rate path is recalibrated lower Stocks retreat after Snapchat warning, flurry of earnings coming up Recession worries There has been a tectonic shift in global markets this month, with concerns around an impending recession overshadowing inflation as the main threat to the outlook. This was reaffirmed by the latest business surveys from Europe and America, which were an absolute horror [..]

Technical Analysis – US 500 index enters bullish territory

Posted on July 22, 2022 at 11:16 am GMT

The US 500 stock index (cash) advanced above its 50-day simple moving average (SMA) for the first time in three months to mark a new higher high at 4,000 on Thursday. The latest bullish action, which flourished after the price set a strong foothold around the penetrated bearish channel and the 20-day SMA earlier this week, has brightened prospects for future recovery. The technical oscillators are in line with this view, as the MACD is stretching its ascend within the positive [..]

Daily Market Comment – US inflation bombshell sends shockwaves through markets

Posted on July 14, 2022 at 9:19 am GMT

US inflation comes in hotter than expected, putting 100bp Fed hike into play Yen resumes its downtrend ahead of next week’s Bank of Japan meeting Euro/dollar holds parity, BoC delivers king-sized hike, earnings season begins Fed playbook gets redrawn Another scorching hot inflation reading from the US unleashed havoc yesterday, sending traders scrambling to recalibrate the trajectory for interest rates. Inflation as measured by the CPI accelerated to 9.1% in yearly terms, the fastest pace in four decades. Most concerning [..]

Technical Analysis – US 500 index awaits fresh impetus between key boundaries

Posted on July 12, 2022 at 3:23 pm GMT

The US 500 stock index (cash) pivoted southwards after receiving another rejection near the familiar descending trendline at $3,916 last Friday, which has been navigating the market southwards since the end of April. Encouragingly, the support area around the 38.2% Fibonacci retracement of the 2020 rally is still valid at $3,813, feeding some hopes that the latest bullish wave may last longer than the previous ones. The continuous improvement in the MACD is also reflecting a buildup in buying appetite. Yet, the RSI [..]

Daily Market Comment – Dollar rules the waves, yen keeps sinking, equities cool off

Posted on July 11, 2022 at 9:17 am GMT

Solid jobs report cements case for Fed hikes, keeps dollar in the lead Yen slides to fresh two-decade lows after Japan’s upper house election Wall Street futures flash red ahead of earnings season, busy week ahead The dollar show The pendulum in global markets continues to swing back and forth between inflation and growth concerns. Any good news on the economy stokes fears about rampant inflation while any bad news adds credence to recession risks, but the US dollar ends [..]

Technical Analysis – US 500 capped by 50-SMA; bias remains neutral

Posted on July 4, 2022 at 8:44 am GMT

The US 500 stock index (cash) has been trading sideways in the past week since its recent advance failed to cross above the 3,946 ceiling. Moreover, in the last few four-hour sessions, the price has been held down by its 50-period simple moving average (SMA) as positive momentum has failed to strengthen significantly. The momentum indicators are suggesting that bearish pressures are arising. Specifically, the stochastic oscillator is descending after posting a bearish cross, while the RSI is flatlining slightly [..]

S&P 500 nosedives into bear market territory, is it close to a bottom? – Stock Market News

Posted on June 17, 2022 at 1:21 pm GMT

Following Nasdaq’s fate, the S&P 500 stock index closed inside the bear market region last Monday for the first time since the outbreak of the Covid-19 pandemic in March 2020. In 2022, all major US indexes have experienced significant declines as high and sticky inflation, rising interest rates alongside increasing concerns over corporate profits and global economic growth have given a huge blow to investors’ risk appetite. As traders continue to re-evaluate their buy the dip strategies, which have failed to produce gains, the big [..]

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