All Articles Tagged - US500cash

Technical Analysis – US 500 index rangebound as bearish bias prevails

Posted on March 14, 2022 at 9:28 am GMT

The US 500 stock index (cash) has recovered some lost ground after its short-term decline ceased at the 4,150 region. However, in the last few four-hour sessions, its ongoing rebound seems to be faltering as the price has adopted a more sideways pattern. The momentum indicators suggest that bearish forces remain in charge. The RSI is flatlining in the negative zone, while the MACD histogram is found below both zero and its red signal line. Moreover, the price is trading beneath the [..]

Weekly Comment – Fed and BoE meetings awaited amid intensifying ceasefire negotiations

Posted on March 11, 2022 at 2:22 pm GMT

It was a highly volatile week for markets as investors constantly assessed the developments over the Russian invasion of Ukraine. In the upcoming week, the spotlight will turn to the Fed’s, BoE’s and BoJ’s monetary policy decisions, while inflation and employment reports will also hit the markets. The highlights: In America, the Fed is anticipated to proceed with its first rate increase in the post-Covid-19 era on Wednesday, in its effort to tackle the persistently high inflation, which reached a 40-year peak of 7.9% in February. [..]

US Open Note – Risk appetite improves on President’s Putin remarks

Posted on March 11, 2022 at 1:49 pm GMT

Alleged Putin comments improve market sentiment Global markets seem set to finish the week on a risk-on mode as the Russian President Vladimir Putin was reportedly cited saying that talks with Ukraine have been positive, offsetting yesterday’s defensive mood. This appears to have weighed on safe haven demand with the US dollar staying relatively flat against a basket of currencies, while the Japanese yen and gold have witnessed significant pullbacks on Friday. Moreover, US sovereign bond prices eased, sending the [..]

US Open Note – Energy prices ease as risk appetite improves

Posted on March 9, 2022 at 1:51 pm GMT

Oil supply disruptions weigh on global growth outlook With the unfolding Russian invasion of Ukraine in focus, the US and the UK have announced an embargo on Russian fossil fuel imports. Meanwhile, the European Union has also declared its decision to slash its reliance on Russian natural gas by two thirds. Responding to these sanctions, Russia threatened to cut gas supplies to Europe, while President Putin has already signed an order to restrict exports of some goods and raw materials. [..]

Technical Analysis – US 500 remains volatile amid an overall bearish outlook

Posted on March 8, 2022 at 8:19 am GMT

The US 500 cash index has recorded heavy losses over the last few trading sessions as negative pressures linger. Moreover, the 50-day simple moving average (SMA) is looking ready to cross below the 200-day SMA, increasing fears of a sustained bearish outlook. However, the index is currently trading close to its lower Bollinger Band indicating that an immediate upside reversal is not out of the equation. The short-term momentum indicators are painting a negative picture too as the RSI is [..]

Weekly Comment – ECB meeting and US CPI data eyed as the Russian invasion unfolds

Posted on March 4, 2022 at 2:05 pm GMT

The Russian invasion of Ukraine continues to drive the risk-off sentiment in global markets. However, during his Congressional testimony, Fed Chair Jerome Powell played down the prospect of a 50 basis points rate hike in March, lifting US equities. In the upcoming week, the European Central Bank monetary policy meeting together with inflation data from the US and China will take centre stage. Highlights: On Thursday, the ECB will conclude its monetary policy meeting as the war in Ukraine elevates energy prices, [..]

US Open Note – Dollar roars and US futures retreat as Russian invasion escalates

Posted on March 4, 2022 at 1:59 pm GMT

Dollar extends gains amid increasing risk aversion; euro bleeds Markets continue to trade on geopolitics today since the cease-fire negotiations between Russia and Ukraine remain unsuccessful, while Western allies are considering even tougher financial sanctions for Russia. Moreover, the Russian attack on the biggest nuclear power plant in Europe in the Ukrainian district Zaporizhia triggered fears over an environmental disaster, causing a broader sell-off in risky assets. Later today, investor sentiment got another hit from media reports stating that Russia [..]

Daily Market Comment – Worries of nuclear accident wound euro, US jobs report next

Posted on March 4, 2022 at 9:39 am GMT

Fire at Ukrainian nuclear power plant gets extinguished Markets terrified initially but most assets retrace losses Euro is the exception – US nonfarm payrolls coming up next Nuclear catastrophe averted Russian forces attacked and captured Europe’s largest nuclear power plant. A nearby building was set ablaze from the intense shelling, sparking fears of a nuclear disaster similar to Chernobyl, until Ukrainian authorities reported the fire had been extinguished and the US Energy Secretary confirmed radiation levels remain normal. The initial [..]

US Open Note – Dollar and US futures head north as Russian invasion lingers

Posted on March 3, 2022 at 2:21 pm GMT

Dollar shines but euro slips on geopolitics The ongoing Russian invasion in Ukraine, alongside the tough Western sanctions and their imminent effects on the global economy continue to be the key drivers for the markets today. Although a new round of negotiations between the two countries is taking place at the moment of writing, there are not any concrete signs of de-escalation so far, thus volatility is expected to remain high. These recent developments in the Ukrainian crisis seem to [..]

Daily Market Comment – Oil charges higher again, creating a headache for ECB

Posted on March 3, 2022 at 9:34 am GMT

Crude oil rally goes into overdrive after OPEC offers no relief Euro under pressure, could get worse when ECB meets next week Powell doesn’t say much but stocks like that, peace talks resume Commodity markets panic The storm in commodity markets is turning into a hurricane. What started out as an energy shock because of the suffocating sanctions on Russia has started to broaden out, lighting a fire under food prices and metals. Oil prices have been at the tip [..]

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