All Articles Tagged - US500cash

Daily Market Comment – Fed meets, Powell to dispel tapering worries

Posted on January 27, 2021 at 9:15 am GMT

Fed decision the main event today, no policy changes on the menu Powell likely to push back on tapering speculation Dollar retreats amid market euphoria, ECB unable to sink euro Huge day for corporate earnings too: Apple, Facebook, and Tesla Can Powell be dovish enough? There is no scope for any policy changes from the Federal Reserve today. This is also one of the smaller meetings without updated economic forecasts, so any market reaction will come down to Chairman Powell’s [..]

Daily Market Comment – US stimulus delays cool sentiment

Posted on January 26, 2021 at 9:33 am GMT

Delays in Biden’s relief timeline keep animal spirits in check Euro/dollar retests key support region as Eurozone troubles grow Gold in a holding pattern, waiting for the next catalyst Have retail traders ‘broken’ the market’s plumbing? Volatility is back It’s been a hectic start to the new week. US stock markets took a sharp dive on Monday for no apparent reason, but quickly recouped those losses and still managed to close at record highs. It seems that an army of [..]

Daily Market Comment – Global markets in a cheerful mood, but risks abound

Posted on January 25, 2021 at 9:45 am GMT

Wall Street set for new record highs as California lifts stay-at-home order Dollar stable as traders look to Fed meeting, sterling near recent peaks But geopolitics, virus mutations, and stimulus talks threaten a reality check Stocks sail higher as investors focus on the positives American equity markets continue to trade like a runaway train, setting the tone for most other assets. Expectations for a massive spending package from Congress are riding high, and with the Fed chief recently reaffirming that [..]

Week Ahead – Fed meeting, barrage of data, and tech earnings

Posted on January 22, 2021 at 12:22 pm GMT

With President Biden now in office, markets will be on alert for any remarks from US Senators about whether they’d support the massive stimulus bill he proposed. A tough negotiating battle could see the final proposal being watered down. The Federal Reserve will meet as well. No policy changes are on the menu, so Chairman Powell is likely to reaffirm that it’s too early to discuss tapering. There’s also a blitz of economic data, including fourth-quarter GDP from America and [..]

Daily Market Comment – Biden’s $1.9 trillion stimulus plan sparks profit-taking

Posted on January 15, 2021 at 9:28 am GMT

Stock markets drift lower as Biden’s relief plan raises execution questions Dollar undecided, caught between mild risk aversion and dovish Powell Euro starts pricing in the risks, sterling smiles as UK vaccinations accelerate Today: US retail sales, big bank earnings, and German leadership contest Markets worry Biden’s proposal will be watered down The US President-elect unveiled his new stimulus package to reawaken the American economy, which would cost $1.9 trillion. It includes direct payments of $1400, aid for state and [..]

Daily Market Comment – Investors brace for Biden’s stimulus plan

Posted on January 14, 2021 at 9:23 am GMT

US President-elect Biden to unveil his stimulus proposal (00:15 GMT Friday) Size and details of the plan crucial for fate of dollar and equities Markets quiet overall waiting for Biden, ignore Trump impeachment Fed chief Powell speaks, ECB minutes coming up, Italian politics eyed Dollar’s fortunes hang on Biden’s proposal The main event today will be the unveiling of incoming US president Biden’s stimulus plan. The overall price tag of the package will likely be the main variable for markets, [..]

Daily Market Comment – Euro ignores Merkel’s warning of prolonged German lockdown

Posted on January 13, 2021 at 9:19 am GMT

Dollar retreats after Fed officials play down prospect of QE tapering Euro capitalizes on dollar’s woes, even as Merkel warns of extended lockdown Stock markets quiet, but crude oil continues impressive bull run US inflation data and Fed speakers today could set the tone Dollar retreats as Fed’s George plays down tapering The world’s reserve currency came back under selling pressure on Tuesday as Fed officials poured cold water on speculation around a withdrawal of their massive liquidity programs. The [..]

Daily Market Comment – Fed officials talk tapering

Posted on January 12, 2021 at 9:16 am GMT

Dollar buoyed by rising US yields as Fed discusses QE tapering Stock markets suffer a rare pullback, dragged lower by big tech Sterling gets its feet under it as BoE Governor plays down negative rates Parade of Fed speakers today – normalization remarks crucial US growth expectations reflected in rising yields Fed remarks about a potential scaling back of the QE program eclipsed everything else in a rather quiet session on Monday, pushing US Treasury yields higher and helping the [..]

Daily Market Comment – Dollar and equities roar as Biden promises fresh stimulus

Posted on January 11, 2021 at 9:52 am GMT

President-elect Biden pledges new relief package worth ‘trillions’ Stocks hit new records, dollar comes back to life, gold purged Is the market now trading the ‘growth narrative’ instead of ‘reflation’? Reflation or growth trade? It matters for USD Hopes that the Biden administration will unleash a federal spending spree came to fruition late last week, after the incoming US President pledged a new relief package in the ‘trillions of dollars’ to revitalize the American economy. The details of this plan [..]

Week Ahead – The calm before the stimulus storm?

Posted on January 8, 2021 at 1:32 pm GMT

It looks like a quiet week for global markets, with no major central bank meetings and only a handful of key data releases. The highlight may be the US CPI data, which will tell us how inflationary pressures are evolving, but even that could pass unnoticed. Instead, the main driver for markets may be any signals around a new relief package once the Democrats take over the US government. If so, the ‘reflation trade’ could continue to dominate. Stimulus hopes [..]

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