All Articles Tagged - US500cash

US Open Note – Markets cool down after a messy week despite China’s RRR cut

Posted on July 9, 2021 at 1:26 pm GMT

Stocks get on their feet ahead of earnings Markets took a breather at the end of a turbulent week, which suddenly derailed hopes of a swift economic recovery and promoted self-realization that the vaccination program alone may not be enough to re-establish the pre-Covid normality. The pan-European STOXX 600 is currently up by around 1.0%, having recouped a large share of yesterday’s losses, with consumer cyclicals, basic materials, and real estate enjoying the biggest gains. The index, however, is still [..]

Daily Market Comment – Stocks and dollar stabilize as bond chaos cools

Posted on July 9, 2021 at 8:24 am GMT

Stock markets and FX pairs cool down after seismic moves Everything revolves around the bond market – is the squeeze over? Gold recovery stalls, ECB minutes and Canadian jobs coming up Is the bond market short squeeze done? After a week of mayhem across global markets, calmer tones are finally prevailing. The source of all the stress was the bond market, where yields started to break down. Such a move usually signals worries about weaker economic growth, which would ultimately [..]

Daily Market Comment – Special ECB announcement could rock the euro today

Posted on July 8, 2021 at 8:33 am GMT

ECB set to announce higher inflation target, Lagarde presser to follow Dollar little changed after Fed minutes, yen shines as yields crumble Stocks retreat amid Chinese regulatory crackdown, oil tanks Euro braces for special ECB announcement The European Central Bank will announce the outcome of its strategic policy review at 11:00 GMT today, with a press conference by President Lagarde to follow 90 minutes later. Reports suggest the ECB will raise its inflation target to 2% and signal it will [..]

Daily Market Comment – Risk aversion hits stocks, revives dollar

Posted on July 7, 2021 at 8:52 am GMT

Risk aversion hits stock markets, breathes life back into dollar Yen shines as US yields decline, oil under pressure, gold cools Fed minutes today could decide if this volatility episode lasts Pandemic-style worries haunt markets It was an explosive session across financial markets on Tuesday as risk aversion made a rare comeback. The underlying theme was fear, but with a pandemic-style flavor. Investors essentially slashed their exposure to assets that are linked to the real economy and looked for shelter [..]

Daily Market Comment – Dollar knocked down after jobs report, stocks party

Posted on July 5, 2021 at 8:54 am GMT

US dollar takes some damage, equities hit new records after US jobs data Oil prices remain elevated amid OPEC divisions, talks continue today Aussie dollar braces for crucial RBA meeting early on Tuesday Nonfarm payrolls hit the sweet spot The US employment report left markets spinning on Friday. While nonfarm payrolls overcame expectations by a solid margin, the unemployment rate paradoxically rose a touch, baffling traders and sparking a fresh round of volatility in most assets. The two numbers come [..]

US Open Note – Dollar continues to move north after ADP release

Posted on June 30, 2021 at 1:03 pm GMT

The dollar held on to recent gains as virus concerns arose in a market already on edge before the NFP report on Friday that is considered as critical to the Federal Reserve’s monetary policy outlook. Any clues about labor market strength might put more worries on the Fed to move faster on interest rate hikes, potentially lifting the dollar, while data that falls short of expectations could put the currency at risk. In June, private businesses in the US recruited 692,000 workers, down from 978 [..]

US Open Note – Markets are calm ahead of data exposure later this week

Posted on June 28, 2021 at 12:41 pm GMT

Dollar flirts with 111 yen; euro retreats near $1.19 as greenback gains ground It’s been a quiet start to the week as the greenback is trying to improve its long-term structure with all the attention turning on the NFP report on Friday. The dollar is heading north just below 111.00 versus the Japanese yen, while the dollar index is finding a restrictive support at the 20-day simple moving average (SMA) near 91.50. The euro is holding near $1.19 for the fourth day in a row but [..]

Daily Market Comment – Quiet start to a busy week for global markets

Posted on June 28, 2021 at 8:56 am GMT

Most currency pairs confined to tight ranges, stocks set for new records Sterling opens a touch higher as Britain gets a new health minister Big week ahead, featuring an OPEC meeting and a US employment report Wall Street set for more gains but currencies quiet Global markets are quiet on Monday, with news flow being rather light and movements subdued across most asset classes, as traders keep some powder dry ahead of crucial events later in the week. Dollar pairs [..]

Daily Market Comment – Wall Street parties after ‘skinny’ infrastructure deal

Posted on June 25, 2021 at 8:39 am GMT

Stock markets hit new all-time highs after bipartisan infrastructure bill Dollar quiet, looks to more Fed speakers and US inflation data today Sterling retreats after BoE steers clear of any tightening signals Infrastructure deal propels equities higher A sense of euphoria swept through equity markets on Thursday, after the US president announced that he has secured a deal on infrastructure spending with a group of Republican and Democratic senators. The price tag will be around $1 trillion over five years, [..]

Daily Market Comment – Bank of England meeting in the spotlight

Posted on June 24, 2021 at 8:24 am GMT

BoE unlikely to shake markets today, minor upside risks for sterling Dollar back in the ring as Fed lets the hawks out Stocks elevated, another heavy dose of Fed-speak coming up BoE set to maintain optimistic tone All eyes will be on the Bank of England today. This is one of the smaller meetings without a press conference or updated economic forecasts, so any seismic policy signals are unlikely. Still, there is a risk that the BoE upgrades its language [..]

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