All Articles Tagged - US500cash

US Open Note – Powell’s hawkish transition unable to boost the dollar

Posted on December 1, 2021 at 2:26 pm GMT

Powell signals faster tapering Global markets were struck by Fed Chair Jerome Powell’s hawkish tone during his testimony before the Senate Banking Committee on Tuesday. Powell stated that inflation could no longer be characterized as transitory, indicating that his central bank will consider speeding up its tapering process during the upcoming FOMC meeting in December. Terminating the Quantitative Easing programme faster than planned could be interpreted as an early rate hike signal since the Fed has made clear that it [..]

Daily Market Comment – Fed chief signals faster taper, dollar not impressed

Posted on December 1, 2021 at 9:42 am GMT

Fed Chair Powell says appropriate to consider accelerating taper process Dollar spikes higher but cannot sustain gains, stocks close lower Heavy dose of economic data releases today, OPEC begins meeting Powell turns hawkish The Chairman of the Federal Reserve dropped a bombshell on global markets yesterday by signaling his central bank will consider accelerating the pace at which it withdraws liquidity from the financial system. Testifying before the US Senate, Powell stressed that inflation risks have intensified and that incoming [..]

Daily Market Comment – Virus worries keep markets on edge

Posted on November 30, 2021 at 9:50 am GMT

Concerns around vaccine efficacy spark another round of volatility Riskier currencies, stocks, and crude oil erase yesterday’s rebound Yen and franc shine as yields edge lower, Powell testimony in focus Moderna CEO warns about vaccines The chief executive of Moderna struck fear into financial markets on Tuesday after he warned that existing vaccines probably won’t be very effective against the new Omicron variant. His comments shouldn’t have been very surprising considering that the entire scientific community has been saying this [..]

Daily Market Comment – Is the Omicron selloff done already?

Posted on November 29, 2021 at 10:26 am GMT

Global markets in a better mood as ‘Omicron’ nerves calm down Riskier currencies, stocks, and oil rebound but not convincingly Spotlight now turns to Fed chief and incoming virus news Markets lick wounds Black Friday discounts hit the financial markets this year too and many shoppers were waiting eagerly. European stock markets lost a stunning 5% on Friday but the sense of panic has subsided already after some reports played down the severity of the new ‘Omicron’ variant. The latest [..]

US Open Note – Markets dive as new Covid variant identified

Posted on November 26, 2021 at 1:57 pm GMT

FX market is bleeding due to new variant; yen shines After the discovery of a new and possibly vaccine-resistant coronavirus variant in South Africa, Botswana, and Hong Kong, the FX market is posting strong losses and US stock futures are indicating a negative open. Flights from South Africa and other nearby countries have already been temporarily banned by Britain, which was followed by Israel and Singapore, and could lead to similar bans in other countries. The introduction of the new variant comes at a time when different European countries are coping [..]

Can anything stop the stock market? – Special Report

Posted on November 26, 2021 at 12:59 pm GMT

Stock markets have gone on an absolute rampage this year. The problem is that the factors that initially fueled this rally – heavy government spending and endless central bank liquidity – are slowly fading away. Meanwhile, new covid variants are threatening growth. Can corporate buybacks, the weaponization of call options, and sheer momentum keep this party going? Rocket fuel There’s a clear sense of euphoria driving this bull market. Asset prices seem almost immune to bad news, every dip is [..]

Daily Market Comment – New virus variant hits riskier assets, revives yen

Posted on November 26, 2021 at 9:45 am GMT

Worries around a vaccine-resistant variant spark turmoil Stocks and commodity currencies slide, yen comes back to life We’ve seen this movie before, but there’s a catch this time Covid strikes back A new virus variant has come like a bolt out of the blue to rattle financial markets. The underlying concern is that vaccines may be less effective against this ‘Nu’ variant and it may spread easier thanks to its high number of mutations. The jury is still out though, [..]

Daily Market Comment – Fed teases faster taper, dollar steamrolls rivals

Posted on November 25, 2021 at 10:09 am GMT

Dollar slices higher after strong US data and Fed signals Euro tormented by growth risks, stock markets bounce back Thin liquidity to dominate trading as America goes on holiday Brace for faster tapering The dollar continues to bulldoze its way through the currency complex, tearing down everything in its path as the prospect of faster Fed tapering gets baked into the bond market cake. A flurry of data releases yesterday reaffirmed the strength of the American economy, but the real [..]

Technical Analysis – US 500 retreats from all-time highs; bullish outlook

Posted on November 24, 2021 at 9:42 am GMT

The US 500 cash index witnessed a minor pullback in the past couple of sessions after recording an all-time high at 4,744. However, the overall picture remains bullish as the price is well above its 200-period simple moving average. The recent price depreciation that generated a negative bias, is reflected by the short-term momentum indicators. The RSI is hovering below its 50 neutral mark, while the MACD is found below zero and its red signal line. Should the price break [..]

US Open Note – Dollar shines again as gold and lira prints losses

Posted on November 23, 2021 at 2:10 pm GMT

Biden’s Fed picks drives dollar up The Fed nomination decision caused some tremors in the financial markets on Monday. In the decision’s wake, futures markets have firmed up expectations for a rate hike in June, which had previously been biased towards July. Governor Brainard has been selected to replace Clarida as Vice Chair at the end of January next year. The US dollar index is extending its gains towards a fresh 16½-month high of 96.59, while dollar/yen is hovering slightly below the four-and-a-half year high of 115.15 that it posted earlier in [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

US500cash

XM Live Chat