All Articles Tagged - US500cash

Daily Market Comment – Yen smashed by rising yields

Posted on October 12, 2021 at 8:58 am GMT

Japanese yen gets hit by soaring bond yields and energy prices Stock markets continue to grapple with a myriad of risks Sterling weighs BoE rate hikes, euro/dollar remains heavy Nightmare environment for yen A powerful recovery in bond yields across the world is inflicting some serious damage on the Japanese yen. The Bank of Japan’s yield curve control strategy essentially keeps a ceiling on Japanese yields, rendering them unable to join the global rally and making the yen less attractive [..]

US Open Note – Yen is in vertical fall; oil surpasses $82

Posted on October 11, 2021 at 12:57 pm GMT

Yen plunges driving dollar/yen sharply higher As a new week begins, the yen continues to plunge, pushed lower by a comeback in Asian stocks despite a rise in Japanese yields. Indeed, the 10-year JGB yield, which is currently at 0.093%, is on its way to 0.1%. The pound is currently the strongest, thanks to hawkish statements from Bank of England officials over the weekend. The Australian Dollar is closely following, and it is leading other commodity currencies higher as well. The US dollar index is weakening, [..]

A glance at the upcoming Q3 earnings season – Special Report

Posted on October 7, 2021 at 2:59 pm GMT

It took only five months for the S&P 500 to heal its 2020 pandemic wounds and sail back to uncharted waters as the Fed’s massive stimulus and heavy fiscal support boosted business sentiment and levelled up stock purchases. Companies never saw their quarterly earnings results growing so exponentially as over the past year, making the stock rally more sparkling and every dip an opportunity to buy. Nevertheless, things could take a different turn when the Q3 earnings season starts next week. Growth concerns, [..]

US Open Note – Stocks turn green on temporary risk on; antipodeans outperform

Posted on October 7, 2021 at 1:56 pm GMT

Risk-on trading returns Risk-on sentiment continued to navigate markets during late European trading hours on Thursday as worries about the energy crisis took the back seat for the time being and the risk of a government default in the US was expected to be ease today after Democrats showed willingness to raise the debt ceiling to December on the Senate floor. Following complaints that Russia is holding back its energy supplies, mainly from Europe, Vladimir Putin said that his government [..]

US Open Note – Equities heal wounds but risks still in play; RBNZ in focus

Posted on October 5, 2021 at 1:50 pm GMT

Stock markets enjoy some recovery, but not for long While central banks keep talking about a transitory inflation, investors seem to walk on thin ice, wondering whether the combination of supply chain disruptions, rocketing energy prices and labor shortages need to be taken more seriously as initial symptoms of stagflation. Although there is no convincing evidence of stagflation yet, headlines have been more depressing than cheerful around business struggles lately, and that was enough to ghost traders and knock down [..]

Daily Market Comment – Energy risks plague stocks, oil joins the party

Posted on October 5, 2021 at 9:06 am GMT

Oil rallies after OPEC does nothing, intensifying energy crisis Stock markets take another hit, tech leading the way lower Dollar awaits ISM services survey, kiwi looks to RBNZ rate hike OPEC adds fuel to energy crisis The world’s dominant oil cartel did not accelerate its production increases yesterday, propelling oil prices to new multi-year highs and fanning the flames of the raging energy crisis. With natural gas and coal prices going through the roof lately, crude oil has joined the [..]

Daily Market Comment – OPEC meeting in focus as energy crisis rages

Posted on October 4, 2021 at 9:14 am GMT

Wall Street rebounds after Merck covid pill, but sentiment fragile Dollar retreats a little as nonfarm payrolls week kicks off OPEC meeting today could be crucial amid unfolding energy crisis Stocks trapped in limbo Global markets continue to grapple with a variety of risks, from supply chains being in disarray to an energy crisis that has engulfed Europe and Asia, simultaneously threatening to hamstring economic growth and keep inflation hot for longer. This is precisely what the latest ISM manufacturing [..]

Daily Market Comment – Stagflation risks bite stocks, safe havens shine

Posted on October 1, 2021 at 9:24 am GMT

Stocks under pressure as investors grapple with ‘mini stagflation’ Yen and gold shine amid flight to safety, dollar stays elevated ISM manufacturing survey and Fed speakers in focus today Wall Street bleeds Worsening supply chain disruptions and a raging energy crisis have joined forces lately to reawaken fears of a stagflationary blow to the global economy. Stagflation refers to a situation where growth slows down but inflation remains hot, a combination that hasn’t emerged since the 1970s. With energy bills [..]

US Open Note – Greenback still in positive mode as US government shutdown averted

Posted on September 30, 2021 at 1:10 pm GMT

Dollar completes green days; initial jobless claims and GDP published The dollar is still in a surging mode, with dollar index being in positive green for the fifth day in a row, hitting fresh one-year highs of 94.50. Also, dollar/yen is completing a new 20-month high at 112.07. Euro/dollar is hovering near the 20-month trough of 1.1567, posting aggressive losses in the last days. Finally, cable found support near $1.34 and is returning north. US futures are pointing for a positive open [..]

Daily Market Comment – King dollar reclaims throne, stocks stabilize

Posted on September 30, 2021 at 9:13 am GMT

Dollar powers higher as traders play defense, sterling in pain Stocks stabilize amid some bargain hunting but remain fragile Gold trades heavy, government shutdown vote in Congress today Dollar takes no prisoners The US dollar sliced through several crucial resistance barriers yesterday, reclaiming its throne as the king of the FX arena without any clear catalyst behind this powerful move. Some players are likely just playing defense, hedging against a range of devastating scenarios such as a persistent rally in [..]

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