All Articles Tagged - US500cash

Daily Market Comment – Biden floats new stimulus bill, US jobs report coming up

Posted on January 8, 2021 at 9:30 am GMT

Equity party continues to rage amid whispers of $3 trillion infrastructure bill Yen and gold suffer as global bond yields climb Dollar extends rebound ahead of nonfarm payrolls – an asymmetric event? Stock market freight train keeps on rolling Global markets remain in an ecstatic mood, with US equities powering to new record highs and defensive plays falling apart, as expectations for gargantuan stimulus packages in America continue to be baked in. The Democrats taking full control of Congress has [..]

Daily Market Comment – Stocks power higher as Democrats take Senate, despite chaos on Capitol Hill

Posted on January 7, 2021 at 9:51 am GMT

Equities hit new record highs as Democrats take full control of Congress But havoc on Capitol Hill keeps animal spirits in check Dollar kept alive by spike in real yields, gold not as fortunate Overall, Congress and Fed working together implies rosy outlook for riskier assets Markets rally as stimulus hopes overpower social unrest The Democratic party has officially taken full control of Congress after winning both Senate seats from Georgia, setting the stage for bigger spending packages to bolster [..]

Technical Analysis – US 500 index gives up gains after fresh all-time highs

Posted on January 4, 2021 at 3:40 pm GMT

The US 500 stock index (cash) added another record high of 3,780 to its collection in the first trading day of the year before giving up all the gains to test the 20-period simple moving average (SMA) in the four-hour chart. Unless the 20-period SMA catches the fall around 3,740, the decline could get new legs within the bearish Bollinger band area, shifting the spotlight towards the 3,723 – 3,710 support zone. Beneath the latter, the 100-period SMA at 3,700 may attempt [..]

Week Ahead – Georgia election and US jobs report kick off new year

Posted on December 31, 2020 at 11:32 am GMT

The new year will start with a bang. A crucial runoff election in the state of Georgia will determine which party controls the US Senate, the latest US employment report will tell us how the recovery is progressing, and the minutes of the December Fed meeting will be eyed for clues around the next policy move. There is also a barrage of key data from the Eurozone and Canada. Overall, markets are searching for the next ‘big theme’, and for [..]

Daily Market Comment – Global markets set to end chaotic 2020 on optimistic note

Posted on December 31, 2020 at 9:22 am GMT

As a year of absolute chaos concludes, investors look ahead into a calmer 2021 Dollar nurses recent losses, stocks retreat a shade from record highs Aussie and kiwi capitalize on softer dollar and cheerful mood, power higher Gold approaches upper end of recent trading range as real yields drop Happy end to a wild year There is a feeling of sanguinity coursing through global markets as a year of absolute chaos finally draws to an end. Most stock markets suffered [..]

Daily Market Comment – Dollar can’t get off the floor as focus turns to Georgia

Posted on December 30, 2020 at 9:40 am GMT

Dollar hits fresh lows, stocks near record highs despite US Senate blocking $2000 checks Thin liquidity, or markets calculating what this implies for Georgia runoffs? Elsewhere, most assets are in a cheerful mood, but quiet overall 2020 was all about the stimulus game With the Brexit crusade out of the way, the US stimulus deal wrapped up, and the global vaccine rollout well underway, financial markets are about to end an incredibly chaotic year on a surprisingly optimistic note. The [..]

Technical Analysis – US 500 index unlocks fresh all-time highs before the end of the year

Posted on December 28, 2020 at 12:54 pm GMT

The US 500 stock index (cash) is exploring new all-time highs marginally above last week’s top of 3,730 following the approval of the US stimulus package, which averted a government shutdown and secured funding through September. The bullish move is well supported by the 20-day simple moving average (SMA) once again, though the muted reaction in the MACD, which continues to fluctuate below its red signal line, the flattening red Tenkan-sen, and the sideways trajectory in the RSI suggest that the positive [..]

Daily Market Comment – Market panic vanishes amid signs of Brexit progress

Posted on December 22, 2020 at 9:33 am GMT

Sharp selloff turns into sharp rebound as UK waters down fishery demands US stocks and sterling stage epic comeback, close only a blip lower Similar story for the dollar, surrenders most virus-mutation gains Vaccines and liquidity are still the name of the game What selloff? US equities and sterling roar back Just when you think US stocks can bleed, dip-buyers return with a vengeance. The week kicked off with a substantial correction, the S&P 500 falling almost 2% amid worries [..]

Daily Market Comment – New virus strain hits equities, sinks sterling, boosts gold

Posted on December 21, 2020 at 9:45 am GMT

Stocks retreat, sterling tanks as new virus strain spreading in UK wreaks havoc US Congress reaches stimulus deal, but news unable to counter the gloom Dollar and gold capitalize on the nerves, crude oil and commodity FX hit hard Bleeding may continue as traders lock profits, but bigger picture unchanged Sterling tanks as health crisis compounds Brexit crisis A new strain of covid-19 that is far more infectious is spreading like wildfire across the UK, forcing local authorities to ‘cancel [..]

Week Ahead – Stimulus is coming to town

Posted on December 18, 2020 at 12:51 pm GMT

It is a very quiet week in terms of events, as trading winds down for the holiday season. This implies that liquidity may be in short supply, setting the stage for some explosive moves if there is any breakthrough in the Brexit crusade or the US stimulus saga. Overall, markets are set to end a crazy year on an incredibly optimistic note, with a little help from central banks showering investors with cheap money. The ‘party’ could continue into next [..]

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