All Articles Tagged - US500cash

Daily Market Comment – Dollar extends retreat ahead of Fed minutes

Posted on April 7, 2021 at 8:36 am GMT

Dollar and pound give back ground as bond yields cool down Euro and yen enjoy a relief rally – can it last? Stocks trade quietly, oil shaky, FOMC minutes in sight Dollar and sterling hit by falling yields The new quarter has turned the tables in the currency market, as the rally in bond yields that turbocharged the dollar along with sterling last quarter seems to have run out of fuel for now, breathing some life back into the devastated [..]

Daily Market Comment – Stocks fly to new records after ISM data, but dollar suffers

Posted on April 6, 2021 at 8:48 am GMT

US equities take to the skies amid stellar data and tax doubts Dollar drops as euphoric mood diminishes safe-haven demand Euro and yen capitalize on dollar’s setback, but for how long? Promising data and tax doubts power up equities There’s no stopping the stock market freight train. Euphoria took over financial markets on Monday after another stellar batch of US economic data, propelling the S&P 500 to new record highs. The catalyst was the ISM non-manufacturing survey, which hit an [..]

Daily Market Comment – Dollar smiles after stellar jobs report, RBA in focus

Posted on April 5, 2021 at 8:55 am GMT

Dollar and equities cruise higher after encouraging US employment data Elevated yields continue to keep euro and yen under pressure RBA policy decision and ISM services survey coming up Good times in the United States The aftershocks of the stellar US employment report are still reverberating across global markets on Monday, as most of Europe and several Asian trading hubs remain closed for holidays. The US economy added an impressive 916k jobs in March, far more than the projected 660k, [..]

Technical Analysis – US 500 index chases fresh record highs; bullish momentum likely to slow

Posted on March 31, 2021 at 3:45 pm GMT

The US 500 stock index (cash) is seeking to resume its long-term uptrend above the previous all-time high of 3,988 after rejecting any declines inside the Ichimoku cloud and below its shorter-term simple moving averages (SMAs). The RSI is regaining strength within the bullish territory but has still some way to go to reach its 70 overbought level, while the Stochastics, although above 80, have yet to negatively intersect each other, suggesting that there is still some room for improvement in [..]

Daily Market Comment – Biden unveils infrastructure plan, OPEC meets

Posted on March 31, 2021 at 8:40 am GMT

Markets brace for details of multi-trillion US infrastructure bill Dollar powers ahead, equities retreat, yen and gold battered OPEC meeting and flurry of economic data coming up as well All eyes on infrastructure and taxes The threat of higher taxes in America hasn’t spooked financial markets so far, but this serenity will be tested today at around 20:00 GMT, when President Biden unveils the details of his ambitious infrastructure plan. The latest reports suggest the package will cost a little [..]

What does Biden’s infrastructure bill mean for markets? – Special Report

Posted on March 30, 2021 at 3:42 pm GMT

The US President will deliver a keynote speech on Wednesday, during which he will outline his plans for a multi-trillion-dollar infrastructure package. The catch for the markets is that this bill might be partially funded by raising taxes on businesses and investments. The dollar and stocks might suffer a decent correction as markets grapple with the threat of higher taxes, but the overall trajectory for both seems positive. Taxman is coming The prospects for the US economy keep getting brighter. [..]

Daily Market Comment – Dollar marches higher, yen suffers as yields jump

Posted on March 30, 2021 at 8:33 am GMT

Dollar/yen continues to ascend as Treasury yields hit new cycle highs Stock markets resilient, close near records despite looming tax risk Oil edges higher as OPEC meeting approaches, gold struggles FX market remains a prisoner of bond yields The currency market continues to dance to the beat of rising long-term interest rates. The dollar is marching higher on Tuesday, with dollar/yen overcoming the psychological 110.0 region, mirroring a similar spike in US Treasury yields. The yen usually suffers when foreign [..]

Daily Market Comment – Stocks grapple with liquidation fears, dollar strength persists

Posted on March 29, 2021 at 9:03 am GMT

Leveraged fund blows up, sending ripples across equity markets Yet, the real risk this week may be signals for US tax increases Calmer tones prevail in FX market, with dollar finding some love Forced liquidations keep stock markets on edge Global stock markets closed near record highs on Friday, but it was a stormy ride with lots of volatility. It turns out that a leveraged fund named Archegos Capital blew up, sparking a wave of forced selling as its positions [..]

Daily Market Comment – Wall Street hits new records, FX market quiet

Posted on March 16, 2021 at 9:33 am GMT

Stock market winning streak continues as yields stabilize European nations suspend AstraZeneca vaccine, but euro undaunted US retail sales coming up as traders lay low ahead of FOMC meeting Stable yields give equities the green light The equity gravy train keeps on rolling. All the major indices on Wall Street aside from the Nasdaq hit another record high yesterday as bond yields stabilized and economic optimism ruled the day. The accelerated pace of vaccinations in America and the imminent spending [..]

Daily Market Comment – Dollar recovers, stocks stand their ground despite rising yields

Posted on March 15, 2021 at 9:48 am GMT

Dollar gets its mojo back as US yields march higher, loonie climbs too US stock markets close at record highs, resilient to rising yields Quiet start to a busy week, featuring Fed, BoE, and BoJ meetings Can’t hold stock markets down The narrative that rising bond yields are toxic for stocks came under heavy fire lately. American stock markets hit new record heights last week even as longer-dated Treasury yields moved to new cycle highs, demonstrating that a higher cost [..]

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