All Articles Tagged - US500cash

Technical Analysis – US 500 index plays in a déjà vu episode; eyes on 4,428

Posted on September 15, 2021 at 8:02 am GMT

The US 500 stock index (cash) ran down to meet familiar support lines on Tuesday, represented by the blue Kijun-sen line and the 50-day simple moving average (SMA), after an unsuccessful attempt to return above the 20-day SMA at 4,491. The negative correction could be a déjà vu of the short-lived downfalls registered in the past six months as the long-term uptrend shows no sign of reversing. Adding to the encouraging signals is the red Tenkan-sen line which continues to fluctuate above [..]

Daily Market Comment – Dollar grinds higher, Wall Street loses altitude

Posted on September 13, 2021 at 8:37 am GMT

Dollar capitalizes on rare selloff in US equity markets Chinese and Japanese stocks go their separate ways Crucial US data and election polls to drive markets this week Autumn blues for Wall Street? The relentless rally in US stock markets took a breather last week. Wall Street suffered a rare pullback as investors took some profits off the table, positioning for a new regime of fading central bank liquidity, moderating growth, and higher taxes. Sure, the selloff was pretty shallow [..]

US Open Note – Wall Street could test bearish weekly close; loonie bulls gear after mixed jobs data

Posted on September 10, 2021 at 1:47 pm GMT

US-China relations hit the wires An overnight phone call between the US president Joe Biden and China’s leader Xi Jinping occupied the media on Friday. Not because of the market reaction it caused since that was negligible, but because of the potential positive implications the dialogue could have on the broken US-China trade relations in the future. Although both presidents are focused on managing pandemic headwinds at home, the US trade deficit with China has worsened to fresh highs since the last conversation in [..]

US Open Note – Euro unchanged as ECB meets PEPP expectations; dollar stable

Posted on September 9, 2021 at 1:16 pm GMT

Taper – ECB style Starting bond tapering could be an unwise decision when the pandemic is still propagating worldwide through its threatening variants. However, setting a route for the train to run when the right time comes could provide some relief and reduce the case of a risky market reaction, especially as inflation is showing no convincing signs of abating. With economic growth remaining fragile and inflation hovering at a 10-year high of 3.0% y/y in the Eurozone, the ECB decided [..]

Technical Analysis – US 500 index unwinds September’s gains

Posted on September 8, 2021 at 11:32 am GMT

The US 500 stock index (cash) flipped September’s advance, sliding below the 4,500 mark, though only marginally, before inching back above this level. Downside corrections emerging after fresh record highs are common and short-lived, especially if those are not hindering the original upward trajectory in the market as in the case of the US 500 index. The negative cross between the red Tenkan-sen and Kijun-sen lines and the falling MACD, which has slipped into the bearish territory, foresee more weakness in the [..]

US Open Note – Dollar in tears after NFP miss; euro spikes above 1.1900

Posted on September 3, 2021 at 1:54 pm GMT

Nonfarm payrolls miss forecasts; dollar down US nonfarm payrolls took center stage on Friday, presenting an employment growth of 273k for the month of August, which was way below the forecast of 750k but still enough to press the unemployment rate to 5.2% as expected, and let average hourly wages to spike faster than analysts anticipated by 4.3% m/m. Despite some early warnings from the private ADP employment report and the ISM PMI business readings this week, the data spooked [..]

Daily Market Comment – Locked and loaded for nonfarm payrolls

Posted on September 3, 2021 at 8:35 am GMT

Dollar on the defensive ahead of US employment report Stocks and commodity currencies continue to party Japanese leader steps down, Nikkei smells more spending Markets position for NFP disappointment The moment of truth is finally here. Investors across the world are on the edge of their seats waiting for the latest US employment report, which will hopefully settle the debate of when the Fed will begin to close the liquidity taps. Nonfarm payrolls are expected to clock in at 750k [..]

US Open Note – Dollar consolidates losses as jobs day looms; stocks mildly up

Posted on September 2, 2021 at 1:37 pm GMT

US Jobless claims pin fresh low as expected The downbeat ADP private jobs survey and the dip in the employment component of the ISM manufacturing PMI created plenty of interest in the US initial jobless claims numbers on Thursday as anxiety continues to grow about whether Friday’s nonfarm payrolls will meet the criteria for the Fed’s bond tapering plans to start sooner rather than later. Encouragingly, though, the data presented a more or less expected outcome, showing an increase of [..]

Daily Market Comment – Dollar bleeds after hints of NFP disappointment

Posted on September 2, 2021 at 8:50 am GMT

Soft US jobs indicators cool expectations for tomorrow’s NFP Dollar extends retreat, stocks hang on to record highs Oil prices ease as OPEC sticks to the plan, gold trades quietly Investors on alert for NFP disappointment With markets buzzing about when the Fed will finally get the taper process rolling, the spotlight is squarely on tomorrow’s US employment report to determine whether the next FOMC meeting is ‘live’ or not. The tea leaves now point to a disappointment, as a [..]

US Open Note – Downbeat ADP jobs data drive dollar lower; Wall Street opens higher

Posted on September 1, 2021 at 1:35 pm GMT

Global stocks have a good start to September Global markets had a solid start to September, with European equities following their Asian rivals higher and crawling back towards their recent record highs despite fears of a growth slowdown, the troubling supply shortages, and the scarcity of qualified employees, which keep production costs elevated. Of course, businesses can always raise margins and transfer the increased costs to consumers, making cost pressures less problematic as long as consumption remains solid and central [..]

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