All Articles Tagged - US500cash

US Open – Wall Street eyes new record highs

Posted on December 27, 2021 at 1:53 pm GMT

Dollar climbs; Pound continues its advance The US dollar ticked higher on Monday against a basket of currencies, while the 10-year Treasury yield remained relatively unchanged. The perceived risk-on mood which dominated the markets over the past week continues to weigh on the Japanese yen, which incurred significant losses today against the greenback. Furthermore, commodity based currencies such as the loonie, the aussie and the kiwi are struggling with the latter declining the most versus the euro and the dollar. Last week, the British [..]

Weekly Comment – Risk appetite returns; China PMI could revive slowdown fears

Posted on December 23, 2021 at 1:29 pm GMT

Stocks staged an early-week comeback after the hawkish turn from central banks had pummelled risky assets. Meanwhile, the British pound capitalized on the BoE’s unexpected rate hike last Thursday, emerging as the undisputed winner in the FX arena. The upcoming week seems relatively quiet, with the spotlight shifting on Chinese PMI and US consumer confidence data. Highlights: In Japan, jobs and industrial production data will be released on Tuesday. However, it is unlikely to offer a significant boost for the [..]

Daily Market Comment – Omicron relief kicks in, riskier trades recover

Posted on December 22, 2021 at 9:53 am GMT

Optimism returns as US prepares to approve covid-fighting pills Biden also promises to get a spending deal done next year Stocks and oil prices cheer, FX market remains hostage to risk tone Good news at last After a dismal start to the week, financial markets are back in a cheerful mood. All it took to turn the tide was some encouraging news around public health and promises of more stimulus spending. Risk appetite returned after reports that US regulators are [..]

US Open Note – Stocks return to green zone as covid fears wane

Posted on December 21, 2021 at 2:06 pm GMT

Risk-on appetite returns but covid headache to be continued Omicron fears took a back seat on Tuesday, letting global stock indices, risk-sensitive currencies, and energy prices recoup some lost ground. Of course, the pandemic will remain the key driver for market sentiment for longer, at least into the new year, navigating inflation pressures, and therefore, monetary tightening plans accordingly. But for now the recent bearish correction is reminiscent of the short-lived downfall, which stock markets faced in the same period [..]

Daily Market Comment – Nerves calm down but risks still loom

Posted on December 21, 2021 at 9:57 am GMT

Mood improves, helped by signs that Biden’s fiscal agenda isn’t dead Dollar pulls back, sterling recovers in a relatively quiet FX market Stocks and oil prices bounce back, Turkish lira stages epic comeback Risk sentiment stabilizes Global markets started the week on a soft note amid worries that the lightning-fast spread of Omicron would curtail economic growth at a time when central bank liquidity is evaporating and government spending is being rolled back. Thin trading volumes because of the holiday [..]

US Open Note – Stocks go downhill as omicron bears bite; dollar, euro resilient

Posted on December 20, 2021 at 2:23 pm GMT

Omicron plays with investors’ nerves as stimulus vanishes Stock markets were in a sea of red during mid-European trading hours as omicron concerns and tighter curbs in Europe reminded investors that the pandemic is far from over and Covid could still swamp global demand after two years of limbo. The pan-European STOXX 600 and the British FTSE 100 index followed their Asian counterparts deeply lower, with energy shares, basic materials, and consumer cyclicals driving the bulk of losses, plunging by [..]

Daily Market Comment – Omicron fears grip markets as stimulus hopes fade

Posted on December 20, 2021 at 10:48 am GMT

Omicron restrictions and stimulus withdrawal haunt markets Global stocks, crude oil, and riskier currencies take a sharp hit Dollar shines amid flight to safety, Turkish lira capitulates Growth worries Global markets are taking fire from multiple directions as the new week gets underway. With Omicron spreading like wildfire through Europe, countries like the Netherlands have gone back into full lockdown while Germany and the UK are considering new measures that could hamper economic growth. The playbook throughout the pandemic has [..]

Daily Market Comment – BoE raises rates, ECB raises forecasts

Posted on December 17, 2021 at 10:01 am GMT

Bank of England catches markets sleeping with rate increase European Central Bank slashes asset purchases, raises forecasts But stock markets fall back, taking the shine off sterling and euro BoE delivers surprise hike The Bank of England raised interest rates by 15 basis points yesterday in a move that caught investors sleeping on the wheel. While the British economy can certainly handle higher rates given the strength of the labor market and broadening inflationary pressures, the ferocious covid wave that [..]

US Open – Fed struck a more hawkish tone; BoE raises interest rates

Posted on December 16, 2021 at 2:02 pm GMT

Fed catches up with inflation; BoE raises interest rates On Wednesday, the Fed struck a more hawkish tone, doubling its tapering pace and signaling three rate hikes for 2022. However, the US dollar quickly erased early gains closing the day in red and only managing to outperform the Japanese yen. On Thursday, the 10-year US treasury yield ticked higher, while the US dollar fell against a basket of currencies, mirroring traders’ shift to riskier assets. Meanwhile, the BoE announced on Thursday [..]

Daily Market Comment – Hawkish Fed doesn’t intimidate markets, ECB and BoE next

Posted on December 16, 2021 at 9:40 am GMT

Fed doubles tapering speed, signals three rate hikes in 2022 Yet the dollar moves lower, stocks approach record highs SNB doesn’t do anything, ECB and BoE meetings coming up No stimulus? No problem What a crazy market. The Federal Reserve was as hawkish as possible yesterday, doubling the pace at which it reduces asset purchases and signaling three rate increases for next year. But despite the central bank hitting the brakes with full force, stock markets rallied furiously and the [..]

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