All Articles Tagged - US500cash

Volatility surges across the board – Volatility Watch

Posted on June 11, 2024 at 9:46 am GMT

Forex pairs are very volatile after strong NFP report Volatility in gold and silver ticks up, oil swims in calm waters US equities exhibit volatility jump amid correction fears Volatility in dollar crosses has picked up as the stronger-than-expected NFP report dialed back rate cut expectations, while investors are bracing for the FOMC meeting and the CPI print later this week. Euro pairs are in a similar position after the EU elections sparked a wave of politically instability across major countries like France and Belgium. In commodities, gold and silver have [..]

Market Comment – Market prepares for Wednesday’s events

Posted on June 11, 2024 at 8:03 am GMT

Euro tries to recoup part of Monday’s losses US stock indices trade sideways but volatility remains high Lighter US calendar but some interest on the 10-year bond auction Pound is on the backfoot after the weaker jobs data Euro tries to recover from Monday’s drop The euro remains on the backfoot following Sunday’s European election results. The snap parliamentary elections called in France have been generating the most headlines, but the key event of the weekend was the very weak [..]

Market Comment – Dollar rallies on NFP, euro slips after EU vote

Posted on June 10, 2024 at 8:11 am GMT

US nonfarm payrolls surge past expectations Dollar skyrockets as Fed rate cuts are scaled back Euro slips as Macron calls snap election in France S&P 500 pulls back after hitting new record high Strong jobs report fuels dollar’s engines The US dollar rallied against all its major counterparts on Friday and continued marching north against most of them on Monday, as Friday’s US employment report revealed that the world’s largest economy added a lot more jobs than expected in May. [..]

Market Comment – Dollar trades sideways ahead of NFP

Posted on June 7, 2024 at 7:47 am GMT

ECB cuts rates but outlook remains unclear Market is focusing on the US labour market data Weaker prints could open the door to a dovish Fed meeting Stock markets could suffer if there is an upside surprise today ECB cuts rates but the outlook remains unclear The ECB confirmed the overwhelming expectations and announced a 25bps rate cut on Thursday. President Lagarde tried to explain the reasoning behind the nearly unanimous decision, but her justification was somewhat questionable considering the [..]

Could stronger US data force a Fed rate cut? – Special Report

Posted on June 5, 2024 at 1:34 pm GMT

Markets crave weaker US data to support their rate cut expectations Strong data this week could cause an acute market reaction The Fed might find it easier to act if financial stability is under threat The key question in the market participants’ minds is when the Fed is going to start easing its monetary policy stance. The year started with the market pricing in at least five rate cuts by the Fed in 2024, but with inflation remaining above 3% [..]

Is the equity market headed for a summer rally? – Stock Markets

Posted on June 4, 2024 at 2:56 pm GMT

S&P 500 finishes May 4.8% higher in an overall solid year Rally could resume as rate cuts are just around the corner Valuations remain stretched but earnings beat estimates Stocks defy seasonality and strive for summer rally The S&P 500 index clocked its best May performance since 2020 in an overall strong year for equity markets. All three major US indices have recorded consecutive record highs in 2024 even though US Treasury yields are significantly higher compared to the [..]

Volatility ticks up in commodity and stock markets – Volatility Watch

Posted on June 4, 2024 at 8:54 am GMT

Forex pairs in a quiet mood despite upcoming rate decisions Volatility in oil skyrockets, gold swims in calm waters US equities exhibit volatility jump as they ease from record highs Euro/dollar and euro/pound volatilities have been in the middle of their 30-day range, even though markets are bracing for the first interest rate cut by the ECB since 2016 on its Thursday meeting. Moreover, activity in the yen remains relatively subdued as the Japanese currency has been recovering some ground from its recent multi-year [..]

Technical Analysis – Are there any bullish signals in the US 500 index?

Posted on June 3, 2024 at 3:37 pm GMT

US 500 index holds above 20- and 50-day EMAs Technical indicators are not in the bearish area yet A surge above 5,340 is needed for a positive outlook revision The US 500 stock index (cash) rose slowly to reach an intra-day high of 5,302 on Monday, only to immediately relinquish its mild gains and trade slightly negative below April’s bar of 5,281. Friday’s bounce off the 20- and 50-day exponential moving averages (SMAs) questioned the case of a bearish trend [..]

Euro suffers when ECB announces the first rate cut of the cycle – Special Report

Posted on May 30, 2024 at 2:50 pm GMT

ECB prepares to cut rates for the first time ahead of the Fed History points to strong possibility of back-to-back rate cuts Both the euro and German DAX tend to underperform on meeting day The ECB is on the brink of announcing its first rate cut since March 2016 as the overall rhetoric from ECB officials leaves little doubt about next week’s rate decision, with even the most hawkish members of the Governing council acknowledging the need for rate cuts. [..]

US stock markets rally but volatility plunges – Stock Markets

Posted on May 29, 2024 at 11:42 am GMT

Wall Street remains buoyant near record highs Solid Q1 earnings aid, focus shifts on inflation and Fed outlook Volatility remains historically low as bears get repeatedly burned Stock rally shows no signs of easing This year has been sensational for the US equity markets as macroeconomic data out of the US have been constantly reinforcing the soft-landing narrative. The three major US indices have stormed to consecutive record highs despite market expectations shifting from six cuts in the beginning of [..]

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