All Articles Tagged - US500cash

Daily Market Comment – Yen rolls over as BoJ refuses to join party, stocks pummeled

Posted on June 17, 2022 at 9:00 am GMT

Bank of Japan delivers no policy changes, hammers yen back down Stock market selloff intensifies, dollar hit by lower yields, gold shines Mixed signals from Bank of England send sterling on a rollercoaster ride BoJ holds the line The Bank of Japan stuck to its guns today, keeping its policy settings unchanged and doubling down on its commitment to maintain yield curve control – the strategy responsible for the carnage in the Japanese yen. Speculation was running wild that the [..]

Daily Market Comment – Fed decision kicks off central bank bonanza

Posted on June 15, 2022 at 8:23 am GMT

Markets expect Fed to raise interest rates by 75 bps today ECB calls emergency meeting today too – time to close spreads? Yen and sterling retreat ahead of their own central bank meetings Fed playbook The next couple of days are loaded with central bank meetings, kicking off with the Fed decision today. A rate increase is almost certain as the Fed attempts to dismantle inflationary forces – the question is exactly how big this move will be and where [..]

Daily Market Comment – Fed bets embolden US dollar bulls, nuke stock markets

Posted on June 14, 2022 at 8:50 am GMT

Markets in disarray as traders scramble to price in Fed warpath S&P 500 enters bear market, crypto implodes, dollar powers up Despite all the panic, there’s also some encouraging news Bear market blues All hell has broken loose in financial markets. Another scorching hot US inflation report shattered hopes that the Fed might be able to take its foot off the brakes later this year, sending traders scrambling to recalibrate the trajectory for interest rates and wreaking havoc in every [..]

Technical Analysis – US 500 index rangebound after advance pauses

Posted on June 6, 2022 at 9:08 am GMT

The US 500 stock index (cash) has been storming higher after its downtrend halted at the 1½-year low of 3,810. However, in the past week, the index has been trading within a tight range, stuck between opposing directional forces. The short-term oscillators indicate a cautiously positive near-term bias for the stock index. Specifically, the RSI is ticking upwards slightly above its 50-neutral threshold, while the MACD histogram is currently in the negative territory but above its red signal line. Nevertheless, [..]

Daily Market Comment – US dollar turns its sights to employment report

Posted on June 3, 2022 at 8:45 am GMT

Too early for US employment data to reflect hiring slowdown? Oil prices reverse higher as OPEC doesn’t satisfy thirsty market Stocks recover despite Microsoft’s warning, euro capitalizes Nonfarm payrolls playbook The latest US employment report will be in the limelight today as nervous market participants search for anything that might convince the Fed to shift into lower gear later this year. There have been several signs that the US labor market is losing momentum, from a slowdown in the housing [..]

US Open Note – Dollar continues the sell-off after ADP and ahead of NFP; oil erases losses

Posted on June 2, 2022 at 12:43 pm GMT

ADP dissapoints; NFP comes out tomorrow After the disappointing release of the ADP report which announced 128K workers versus 300K that was expected, the dollar is still trading lower. After two days in a row of gains, the dollar index retraced to a low of 102.12. As dollar/yen traded over 130 for the first time since the middle of May, the trend of the yen weakening has re-established itself. Sterling is holding above $1.25, within the short-term moving averages. Yesterday, Bullard stated that the path that the Fed [..]

Daily Market Comment – Oil under pressure ahead of crucial OPEC meeting

Posted on June 2, 2022 at 8:40 am GMT

OPEC meets today, supply decision could impact euro and stocks too Dollar supported by solid US data and rising yields, sterling tumbles Gold defies fundamental drivers, Swiss franc jumps on inflation data Beyond oil The world’s dominant oil cartel will convene today to decide on production targets. This is the most important OPEC meeting in a year and the outcome could have far-reaching implications for several asset classes as the global economy grapples with the hardest energy shock in decades. [..]

Daily Market Comment – Dollar recovers, OPEC fires warning shot at oil prices

Posted on June 1, 2022 at 9:05 am GMT

Euro/dollar remains hostage to US yields and stock markets OPEC clips the wings of oil prices, gold loses some altitude too Bank of Canada decision and US data in the spotlight today One big trade Global markets have turned into one giant trade in recent months. Almost every asset class is driven by the same two elements – the intensity of inflationary forces and the threat of recession. The bond market has been at the epicenter of this shift, with [..]

Daily Market Comment – New sanctions boost oil prices, stop euro in its tracks

Posted on May 31, 2022 at 8:56 am GMT

European Union announces new sanctions against Russian oil Euro rebound halted ahead of inflation stats, oil keeps rising Biden-Powell-Yellen will meet today to discuss inflation Russian oil banned, mostly European leaders reached an agreement to cut around 90% of the oil coming from Russia by the end of the year. The aim is to deal another blow to the heavily sanctioned economy and diminish Putin’s ability to wage war, although this decision will also inflict collateral damage back on Europe [..]

Daily Market Comment – Stock market relief keeps US dollar pinned down

Posted on May 30, 2022 at 8:57 am GMT

Dollar retreats, risk-sensitive currencies recover as mood brightens Stock markets stage massive comeback, crude oil keeps rising Quiet session today with US on holiday, but busy week ahead Dollar cools off The conversation in financial markets has changed dramatically in the past few weeks. Whispers of recession have replaced inflation as public enemy number one, thanks to a growing pile of evidence that economic growth is losing power. Cracks have started to show in the US housing market as soaring [..]

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