All Articles Tagged - US500cash

Daily Market Comment – Dollar struggles ahead of key data, OPEC decision coming up

Posted on June 1, 2021 at 8:22 am GMT

· Dollar drops in thin trading, turns gaze to ISM data and Fed speeches · OPEC meeting unlikely to roil markets, but Iranian negotiations might · Aussie unscathed by RBA, gold continues to rampage Greenback trades heavy The US dollar was the main mover in an otherwise quiet session on Monday, with American and British traders away on public holidays. There doesn’t seem to be an end to the dollar’s suffering. Inflation is heating up and yet the Fed remains [..]

Daily Market Comment – Busy week kicks off with RBA and OPEC meetings

Posted on May 31, 2021 at 8:22 am GMT

· Equity and currency markets generally quiet with US and UK on holiday · It’s a packed week though – RBA and OPEC get the show rolling · Overall, investors seem awfully comfortable with prospect of Fed taper Taper blues not enough to dent sentiment The Fed’s leadership recently opened the door for discussing when cheap money policies should start being withdrawn, and yet global markets don’t seem bothered at all. The major US stock indices are hovering near record [..]

US Open Note – Kiwi shines after RBNZ’s hawkish stance; Dollar remains below 109 yen

Posted on May 26, 2021 at 1:00 pm GMT

RBNZ less dovish message drives kiwi up Kiwi is the best performing currency today versus the US dollar, surpassing the 0.7300 handle and recording a fresh three-month high. The Reserve Bank of New Zealand (RBNZ) projected a rate hike by September 2022, taking the economy closer to an exit from the pandemic situation. The bank signalled a less dovish message in May, while leaving monetary policy steady, as it revised up its forecasts for inflation higher but lowered them for unemployment. In other commodity [..]

Week Ahead – Inflation scare shakes markets, European PMIs next

Posted on May 14, 2021 at 11:35 am GMT

It was a wild week in financial markets. Stocks got smoked while the dollar clawed back some ground as inflation finally showed its teeth, reigniting worries about higher interest rates being on the horizon. The upcoming week seems calmer. There are no central bank meetings and the minutes of the latest Fed decision will likely be seen as outdated. Instead, all eyes will be on the PMI business surveys out of the Eurozone. Fed-ache Concerns around cheap money policies being [..]

Daily Market Comment – Wall Street snaps losing streak, but retail sales get the final say

Posted on May 14, 2021 at 8:29 am GMT

· Stocks bounce back as Fed calms tapering nerves, dollar retreats · US retail sales today could spark another round of volatility · Bank of Canada chief talks down loonie, FX market quiet overall Equity markets roar back The inflation scare on Wall Street turned out to be ‘transitory’ after all. The major stock market indices managed to claw back some of their losses for the week after some Fed officials dispelled the notion that this inflation episode is enough [..]

Daily Market Comment – Stocks tank, dollar roars as inflation shows its teeth

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

· Dollar comes back fighting, stocks pummeled after US inflation surprise · Traders price in Fed rate hike for next year, but it’s still early days · Producer prices coming up today ahead of crucial retail sales tomorrow Inflation wins this round Worries around higher interest rates being on the horizon have returned to torment Wall Street once again after some shockingly strong inflation numbers out of America. Consumer prices clocked in at 4.2% on an annual basis in April, [..]

Daily Market Comment – Tech selloff takes a breather, US inflation data next

Posted on May 12, 2021 at 8:34 am GMT

· Inflation and valuation worries hit stocks, but dip in tech is bought · Dollar cannot capitalize on the troubles in equities · US inflation data today could decide if selloff deepens or fades Inflation scare broadens There is no single explanation for the fear that has gripped Wall Street in recent sessions but there are several theories. Most of it seems linked to inflation and interest rate worries, considering that it’s mostly tech and hyper-growth stocks that have imploded. [..]

Daily Market Comment – NFP disappointment hammers dollar, sends stocks flying

Posted on May 10, 2021 at 8:41 am GMT

· Soft US employment report eases fears around stimulus rollback · Dollar sinks in the aftermath, equities cruise to new record highs · Pound smiles after Scottish election results, gold sparkles NFP disappointment derails Fed tapering speculation A very disappointing US jobs report sent markets into a tailspin on Friday, as investors recalibrated their portfolios to reflect a longer period of support from fiscal and monetary authorities. Nonfarm payrolls clocked in at only 266k in April, falling miles short of [..]

Daily Market Comment – Dollar anxious ahead of nonfarm payrolls, equities roar

Posted on May 7, 2021 at 8:12 am GMT

· Dollar at week’s lows ahead of blockbuster US jobs report · Stocks stage a late rally, but it’s a dash to quality · Pound undecided after BoE adjusts QE, gold breaks out Nonfarm payrolls: How much is too much? The spotlight today will fall on the US employment report for April. Nonfarm payrolls are expected to clock in at 978k, with forecasts ranging from 2.1 million to 656k. This period captures the grand reopening of many US states as [..]

Daily Market Comment – Equities and dollar cool after ISM data, showtime for BoE

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

· Euro/dollar trapped near $1.20 region, stocks drift after ISM survey · Huge day ahead for British pound, with BoE meeting and local elections · Markets quiet overall as investors mark time until nonfarm payrolls Searching for a narrative Global markets continue to trade without a concrete theme. The economic crisis is slowly fading into the rear-view mirror as the phenomenal government spending impulse meets successful vaccination programs, and central banks remain committed to keeping the financial system flush with [..]

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