All Articles Tagged - US500cash

Daily Market Comment – ECB hawks talk tapering, euro unimpressed

Posted on September 1, 2021 at 8:50 am GMT

Euro barely gains despite inflation overshoot and ECB talk Dollar stages late session comeback, stocks hover near records Crucial US data and OPEC+ meeting on the agenda today Euro brushes positive news aside The notion that the European Central Bank will slow down its asset purchases is gaining traction. Officials from Austria and the Netherlands threw their weight behind this yesterday, highlighting the positive economic surprises lately. That was soon echoed by ECB vice chief Luis de Guindos. Their hawkish [..]

US Open Note – Dollar set for positive monthly close despite weakness; stocks falter

Posted on August 31, 2021 at 1:36 pm GMT

Dollar falls to fresh lows, but outlook still promising The US dollar was down across the board on Tuesday, retreating below its post-Jackson Hole low earlier in the day to trade at 92.36 against a basket of six major currencies as investors remained in the dark about when the Fed will officially kick off its bond tapering phase. The outlook, however, is still promising for the greenback, which is set to close the month in the positive territory since the [..]

Daily Market Comment – Fed shockwaves reverberate

Posted on August 31, 2021 at 8:31 am GMT

Equities shine, dollar bruised as markets digest Fed signals Chinese PMIs disappoint, setting the stage for more stimulus European inflation data in focus as euro attempts rebound Wall Street hits fresh records The party in US stock markets continues to rage. The S&P 500 and the Nasdaq hit new milestones yesterday, with tech heavyweights being at the tip of the spear after the Fed chief reassured investors that the cheap money punchbowl won’t be taken away immediately. With the Fed [..]

US Open Note – Dollar flat as Powell continues to feed Wall Street bulls

Posted on August 30, 2021 at 1:58 pm GMT

Dollar remains muted after Friday’s pullback The delta wave uncertainty forced Federal Reserve Chairman Jerome Powell to play it safe during Friday’s Jackson Hole symposium, setting no timeline and expressing no rush for winding down stimulus despite flagging that bond tapering will start this year. His dovish remarks sent the dollar index lower but within the 92.00 territory as the euro and the pound found the chance to steal some ground on the news. ECB’s Villeroy signals PEPP reduction, but [..]

Daily Market Comment – Stocks party, dollar drops after vague Powell speech

Posted on August 30, 2021 at 8:42 am GMT

Fed Chair Powell offers no concrete taper signals at Jackson Hole Equities, gold, and commodity FX storm higher, dollar takes a hit Spotlight falls on Chinese PMIs and US jobs report this week Powell plays it slow Global markets breathed a sigh of relief on Friday after the world’s most important central banker didn’t outline a clear roadmap towards normalizing monetary policy. Speaking at the Jackson Hole symposium, Fed Chairman Powell highlighted the Delta outbreak as a risk that has [..]

US Open Note – Dollar steady as Fed speakers play down Jackson Hole fireworks

Posted on August 26, 2021 at 1:25 pm GMT

Waiting for Jackson Hole symposium FX markets hardly found any inspiration to move during Thursday’s European session as investors were eagerly waiting for the Jackson Hole symposium on Friday. The economic conference, which invites central bankers, finance ministers and important investors from around the world once in a year, will start today in a virtual form, carrying the theme “Macroeconomic Policy in an Uneven Economy”. The full agenda scheduled will be released at 0000 GMT today, but the biggest highlight [..]

Technical Analysis – US 500 index doubles March 2020 lows as record rally continues

Posted on August 24, 2021 at 3:06 pm GMT

The US 500 stock index (cash) keeps trading in a perfect uptrend in the daily chart, marking highs after highs for the fifth consecutive month, having almost doubled its price from the March 2020 lows to a fresh record of 4,495 on Tuesday. Technically, the upward pattern shows no signs of abating as the upward slope in the simple moving averages is defending the positive trend. Therefore, the rally could chase fresh records in the uncharted territory in the short term, [..]

Weekly comment – All eyes on the Fed for taper signals

Posted on August 20, 2021 at 11:57 am GMT

Commodity-linked currencies like the AUD, NZD, and CAD were slaughtered in a week dominated by concerns around global growth. Stock markets suffered too alongside oil prices, while the USD shined bright as investors looked for shelter. Next week will bring the Fed’s highly anticipated Jackson Hole symposium and a barrage of crucial data. The highlights: Federal Reserve officials will gather on Thursday for an event that’s been used in the past to signal major policy moves. Will Chairman Powell [..]

Daily Market Comment – Commodity currencies in agony, stocks undecided

Posted on August 20, 2021 at 8:46 am GMT

Dollar stands tall as commodity FX continues to break down Big tech keeps US stocks afloat, Chinese markets sink All eyes on the Fed’s Jackson Hole symposium next week Commodity currencies bite the dust It’s been a wild week for financial markets, dominated by concerns that the Delta outbreak will put the brakes on the global economic recovery. Even though many of the major economies are protected by a vaccine shield, the fear is that the virus could cool demand [..]

Daily Market Comment – Stock selloff deepens, dollar capitalizes

Posted on August 19, 2021 at 8:48 am GMT

Risk aversion pummels stocks, oil, and commodity FX US dollar shines bright as traders seek protection Fed minutes don’t reveal much, gold unable to shine Growth fears deepen A sense of nervousness has returned to haunt financial markets. Investors are increasingly slashing their exposure to riskier assets amid concerns that the Delta outbreak will kneecap global growth, at a time when central banks are trying to take their foot off the accelerator. One by one, different charts are telling the [..]

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