All Articles Tagged - US500cash

Market Comment – Dollar rises to a 38-year high against yen

Posted on June 27, 2024 at 7:50 am GMT

Dollar rises as investors digest Fed remarks Dollar/yen breaks 160, triggers intervention warnings Wall Street trades in the green, AI still the main driver To cut or not to cut in September? The US dollar traded higher against all its major counterparts on Wednesday, gaining the most ground against the Japanese yen. Today, the greenback is stabilizing or pulling back. With no major events on yesterday’s agenda to drive the dollar, it seems that traders continued to digest hawkish remarks [..]

Nvidia rebounds as investors seem eager to buy the AI dip – Stock Markets

Posted on June 26, 2024 at 2:41 pm GMT

Nvidia erases a significant part of its 3-day slide Investors are bullish as AI keeps delivering earnings Subdued volatility hints low odds of a broader correction Nvidia’s roller coaster ride moves markets The last few days have been eventful for the US stock market mainly because of Nvidia’s volatile moves. The AI darling lost over $430 billion in market capitalisation in three successive sessions starting from last Thursday, marking the largest three-day loss in the stock market’s history and [..]

Market Comment – Stocks’ asthmatic reaction keeps dollar in demand

Posted on June 26, 2024 at 7:22 am GMT

US stocks edge higher amidst quiet newsflow French elections are around the corner Aussie and loonie benefit from hotter CPI reports Yen remains under pressure Dollar records small gains against the euro The US dollar is trying to find its footing as the market prepares for Thursday’s presidential debate between Trump and Biden and Friday’s PCE inflation report. Yesterday’s Fedspeak did not hold any surprises with the Fed’s Cook talking vaguely about the possibility of rate cuts at some point. [..]

Besides commodities, volatility is heightened across the board – Volatility Watch

Posted on June 25, 2024 at 10:51 am GMT

Yen crosses are very volatile as they approach intervention levels Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin follows suit Volatility in yen pairs has been elevated for the past few days as they have been trading within breathing distance from the levels that Japanese authorities were willing to defend in the recent past. Meanwhile, despite some signs of stabilization on the continent, the euro remains at the upper end of its volatility range against major currencies. In commodities, gold and silver have been exhibiting low volatility amid a [..]

Market Comment – Busier calendar could support the dollar

Posted on June 25, 2024 at 8:21 am GMT

Richer US data calendar and Fedspeak today US stocks in the red again; uptrend intact Key inflation reports from both Canada and Australia Yen shows signs of life but still close to intervention level Dollar remains on the back foot The US dollar remains under pressure against the euro despite the relatively quiet newsflow. Chicago Fed President Goolsbee maintained his relatively dovish stance yesterday with the market focusing more on comments from San Francisco Fed President Daly. This relatively more [..]

Volatility skyrockets in FX and stock markets – Volatility Watch

Posted on June 18, 2024 at 10:16 am GMT

Euro and pound pairs are very volatile but for different reasons Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin seems quiet Volatility in euro crosses has picked up as the region suffers from political instability following the EU elections and fears of a renewed debt crisis. Also, pound pairs are very volatile ahead of the May UK CPI report on Wednesday and BoE rate decision on Thursday. In commodities, gold and silver have been exhibiting low volatility amid a period of rangebound [..]

Market Comment – Dollar higher, yen under pressure but stocks feel good

Posted on June 14, 2024 at 8:18 am GMT

Yen suffers from BoJ’s inactivity Dollar recovers from Wednesday’s underperformance US stock indices’ euphoria continues BoJ meeting held no surprises The yen is under pressure again today as the Bank of Japan kept its interest rate unchanged and decided to trim its bond buying programme but postponed the announcement of the new size of bond purchases until the July meeting. Governor Ueda tried to moderate the market reaction at the press conference, but the market is mostly interested in actual [..]

Can stocks keep defying gravity? – Stock Markets

Posted on June 13, 2024 at 11:25 am GMT

US stock indices sail towards successive record highs Hawkish Fed doesn’t scare bulls as volatility remains inexistent Valuations are historically stretched but earnings keep growing High after high All major US indices are having an astonishing year, recording consecutive all-time highs as the economy seems more and more likely to achieve a soft-landing. It has been more than 20 months now since the stock market experienced a sizable correction, but the bulls appear unhindered. Lately, stocks seem to have [..]

Market Comment – Fed stops dollar’s CPI-related bleed, BoJ next

Posted on June 13, 2024 at 8:40 am GMT

Dollar tumbles after weaker-than-expected CPI data Recovers somewhat after Fed signals one rate cut BoJ decision looms as investors bet on July hike US CPI data propels Wall Street to fresh records Inflation slows, Fed sees one rate cut in 2024 After a turbulent session, the US dollar finished lower against all its major counterparts on Wednesday. That said, it seems to be licking its wounds today. The greenback was sold massively yesterday, after the US CPI data revealed that [..]

Market Comment – Traders lock gaze on US inflation and Fed decision

Posted on June 12, 2024 at 8:02 am GMT

Dollar awaits US CPI data and Fed projections Euro still feels the heat of EU elections Nasdaq and S&P 500 hit fresh records ahead of Fed US CPI data and Fed to rock the boat The US dollar traded mixed on Tuesday, extending its gains against the euro, the yen and the franc, but losing some ground versus the kiwi and the pound. Today, the greenback seems to be stabilizing against most of its peers as traders may have adopted [..]

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