All Articles Tagged - US500cash

Daily Market Comment – Equities back in the meat grinder after big tech earnings

Posted on October 30, 2020 at 8:40 am GMT

Stocks continue to melt down as big tech results underwhelm Some de-risking ahead of the election may be contributing too Dollar not really participating in risk-off Friday, but the yen is Eurozone inflation data today could shape ECB easing expectations ‘Dead cat’ bounce fades as big tech underwhelms Global markets breathed a sigh of relief on Thursday as risk appetite returned to some degree, but it was not meant to last, with the meltdown in equities resuming today on the [..]

Daily Market Comment – Stocks tank, yen shines amid lockdown blues; ECB coming up

Posted on October 29, 2020 at 9:33 am GMT

Panic selling in equities as France and Germany announce new virus-fighting measures Yen and dollar surge amid the turmoil, commodity FX and gold hammered Markets have stabilized on Thursday, but the calm seems fragile Today: ECB policy decision and US third-quarter GDP Equities fall apart, haven currencies shine Global markets buckled under the weight of the new shutdowns in Europe yesterday, with the newfound uncertainty around the US election making matters worse. The straw that finally broke the camel’s back [..]

US election special: A Trump comeback? – Special Report

Posted on October 28, 2020 at 3:45 pm GMT

As the US presidential race enters its final stretch, markets are laser-focused on the outcome, with the correlation between the stock market and opinion polls shooting up lately. The race has tightened substantially, with Trump overtaking Biden in the crucial state of Florida, so a sweeping Democratic victory that delivers king-sized stimulus packages is no longer quite as likely. Below we take a deeper dive into the various scenarios, how likely each is, and how markets might respond. Trump down, [..]

Daily Market Comment – Euro under fire as new lockdowns loom

Posted on October 28, 2020 at 9:23 am GMT

Euro on the chopping block ahead of potential French lockdown Markets in a sour mood overall as Trump pulls ahead in Florida polls Stocks under heavy pressure, defensive yen shines Coming up: Central bank decisions in Canada and Japan Euro finally wakes up to the risks The single currency is taking heavy fire on Wednesday and European equity markets are a sea of red, as investors slash their exposure to euro-denominated assets ahead of a potential lockdown announcement in France. [..]

Daily Market Comment – Equities sink as second wave fears bite, but currencies stay calm

Posted on October 27, 2020 at 9:30 am GMT

Spiraling infections and tightening US election inject caution into markets Stocks tank alongside crude oil, but trim losses after stimulus comments FX market was in a sour mood too, but moves were much smaller Question is, how is the euro standing so well even as growth risks escalate? Risk aversion deepens, but does not overwhelm One week to go until the US election and markets are starting to wake up to the storm of risks that is threatening to [..]

Apple’s earnings: Much is at stake – Stock Market News

Posted on October 26, 2020 at 3:29 pm GMT

The world’s most valuable company will release its quarterly results after the market closes on Thursday. The stakes are high as Apple’s shares have risen by 57% this year even as earnings fell, so a lot of optimism about the future has been baked in. Amazon, Facebook, and Google will also report on the same day, and given how much weight all these tech giants have in indices like the S&P 500, their results could rock the whole market, not [..]

Daily Market Comment – Investors play defense as global cases surge, US election tightens

Posted on October 26, 2020 at 9:15 am GMT

Markets on red alert as US infections hit grim records, Europe adopts new measures Meanwhile, election polls have tightened – ‘Blue wave’ no longer as certain Global stocks retreat, oil hammered, dollar inches higher Big week ahead: three central bank meetings, key GDP data, tech earnings Global cases soar, investors cut risk exposure Market participants are playing some defense on Monday, slashing their exposure to riskier assets like stocks and rotating into the safety of sovereign bonds, amid a blitz [..]

Week Ahead – ECB, BoC, and BoJ serve as appetizers for US election

Posted on October 23, 2020 at 10:08 am GMT

With less than two weeks to go until the US election, markets are on red alert as opinion polls in key battleground states have tightened. In the meantime, there are three central bank meetings and a ton of data to keep things exciting. The ECB could steal the show by opening the door for more stimulus, to negate the risk of a double-dip recession as the virus rampages through Europe. The central banks of Canada and Japan will meet too, [..]

Technical Analysis – US 500 index safe and sound above trendline

Posted on October 19, 2020 at 9:37 am GMT

The US 500 stock index is trimming its latest downfall in the four-hour chart after landing again on the ascending trendline and near its 50-period simple moving average (SMA). Technically, the short-term bias is set to switch back to bullish as the price is trying to strengthen above its 20-period SMA, while the RSI and the MACD are also pushing efforts to gain momentum above their neutral levels. A decisive close above the 3,500 level followed by a run towards the 3,533-3,549 resistance region [..]

Daily Market Comment – Wall Street storms back, but currencies don’t play along

Posted on October 16, 2020 at 8:30 am GMT

US stocks trim losses, close almost unchanged as Trump hints at higher stimulus offer Yet, the currency arena doesn’t get the memo – dollar holds onto gains Most likely just a reflection of euro and sterling weakness Coming up: US retail sales today, New Zealand election over the weekend Equity and currency markets dance to different tunes Global markets are torn between conflicting narratives, with fears around new virus restrictions in Europe that could cripple the recovery being mostly neutralized [..]

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