All Articles Tagged - US500cash

Daily Market Comment – Wall Street slips, dollar shines, RBNZ holds fire

Posted on August 18, 2021 at 8:33 am GMT

Stock markets edge lower after US retail sales disappoint Risk aversion reawakens the dollar ahead of Fed minutes today RBNZ says rate hikes ‘delayed not derailed’, kiwi goes wild Stocks bleed, but not much It was a lively session across global markets. Wall Street came under pressure on Tuesday after US retail sales fell short of expectations, amplifying concerns that consumer spending may be rolling over and reinforcing the narrative that economic growth has already peaked. Of course, the retreat [..]

Daily Market Comment – Kiwi tanks ahead of RBNZ, dollar braces for Powell

Posted on August 17, 2021 at 8:34 am GMT

Kiwi burned by doubts about RBNZ rate hike tomorrow US stocks hit new records, Chinese equities get smoked Dollar braces for US retail sales and Powell speech RBNZ meeting in the spotlight New Zealand just went into a lockdown, after discovering its first locally transmitted covid case in several months. The nation has kept its borders closed since last year to keep the virus out and the government has unleashed tremendous fiscal firepower to keep the economy going. As such, [..]

Daily Market Comment – Dollar takes some damage after soft data, gold smiles

Posted on August 16, 2021 at 8:19 am GMT

US dollar retreats after soft consumer sentiment survey Chinese data disappoints too, hitting risk sentiment in Asia Gold comes back to life, oil ignores Afghanistan tensions Dollar grapples with consumer uncertainty Currency markets closed with a bang last week after an American survey showed consumer sentiment cratering in August to reach its lowest level in a decade. The stunning loss in consumer confidence raised questions about the economy’s fortunes, and consequently about whether the Fed will be able to take [..]

Will ‘king dollar’ reclaim its throne as the Fed tapers? – Special Report

Posted on August 11, 2021 at 3:05 pm GMT

One by one, Fed officials are getting behind the idea that their asset purchases should be dialed back soon. Whether this is announced in September or November doesn’t matter much. What matters is that the Fed is years ahead of the ECB and BoJ in the normalization game. The dollar held its ground recently even as US yields crumbled, so it could really shine once tapering gets rolling and Congress delivers even more fiscal juice. Falling into line More and [..]

US Open Note – Dollar pulls back after US CPI data release

Posted on August 11, 2021 at 1:04 pm GMT

US CPI data drives dollar lower All eyes were on the US CPI data release today. The US consumer price inflation rate remained at 5.4% in July, the same as the previous 13-year high and marginally above market predictions of 5.3%, mirroring the low base effect caused by the coronavirus crisis. There were not any surprises for the market; however, the dollar slipped from the five-week high of 110.80 versus the yen that was printed earlier today. The dollar index [..]

US Open Note – Dollar bulls cheer on Nonfarm Payrolls; loonie resilient after Canadian jobs miss

Posted on August 6, 2021 at 1:21 pm GMT

Dollar, Treasury yields gear up after bullish NFP release The US dollar was in neutral mode until the eagerly awaited nonfarm payrolls report brought the bulls back into play. Employment growth spiked to 943k and above the forecast of 870k, consequently pressing the unemployment rate to 5.4% – the lowest since the 2020 pickup –versus the 5.7% anticipated. Average hourly earnings were another positive surprise, growing faster by 4.0% y/y compared to 3.9% expected. Dollar/yen bounced immediately to peak slightly [..]

Daily Market Comment – All about nonfarm payrolls

Posted on August 6, 2021 at 8:30 am GMT

US employment report today crucial for dollar and stocks Sterling gains altitude as BoE strikes a more cheerful tone Gold hammered, Wall Street celebrates new records Dollar braces for nonfarm payrolls The stakes are sky-high going into this US employment report. Fed officials have made it crystal clear that the most important element for the normalization of monetary policy is the labor market. Hence, the upcoming data could determine whether a September taper announcement is realistic or premature. Nonfarm payrolls [..]

US Open Note – Dollar unflattered by jobless claims; BoE moves closer to monetary tightening

Posted on August 5, 2021 at 1:45 pm GMT

Continuing jobless claims beat estimates but dollar faces constraints Predicting progress in the US labor market could be a tricky job for analysts in the next few months after recent comments from Fed speakers highlighted that a significant recovery in the US labor market is a prerequisite for the Fed to start winding down its government bond purchases. US initial jobless claims for the week ending July 31 came in line with analysts’ expectations, showing a moderate decline to 385k [..]

Daily Market Comment – Dollar shines after Clarida, BoE in the spotlight

Posted on August 5, 2021 at 8:29 am GMT

Dollar climbs as Clarida beats the rate hike drums, ISM hits record Bank of England meets today, sterling reaction hangs on QE votes Meme stocks return, gold takes a rollercoaster ride, oil slides Fed vice chief talks rate hikes It was a wild session in financial markets. The dollar took a hit early on after the ADP jobs report disappointed, only to stage a massive comeback after the Fed’s vice chief talked about rate increases and the ISM services survey [..]

Daily Market Comment – Wall Street sets new records, kiwi storms higher

Posted on August 4, 2021 at 8:45 am GMT

US stocks rally to another record high close, dollar quiet Kiwi skyrockets after stellar jobs data fuel RBNZ bets Gold lifeless, oil takes another hit amid demand worries Stocks cheer as earnings season delivers Wall Street continues to defy gravity. The S&P 500 cruised higher to close at yet another record peak yesterday, telling a much different story than the bond market, which has been feeling the blues lately. Worries that the Delta outbreak will take the wind out of [..]

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