All Articles Tagged - US500cash

Market Comment – Dollar trades sideways as focus turns to US yields

Posted on May 29, 2024 at 8:33 am GMT

US stock indices under pressure as yields climb German CPI could dictate next week’s ECB rhetoric Yen underperformance lingers; all eyes on Friday’s Tokyo CPI Dollar rallied on Tuesday, US stock indices were mixed Following a couple of negative sessions, the US dollar showed its strength yesterday as it managed to outperform the euro. The continued hawkish commentary from Fed members is affecting market sentiment since the chances of a rate cut before the November elections are dropping. The bond [..]

Low volatility across the board besides Bitcoin – Volatility Watch

Posted on May 28, 2024 at 9:34 am GMT

Forex pairs in a relatively quiet mood Volatility in Bitcoin and silver skyrockets US equities enjoy low volatility despite rally to record highs Euro/dollar volatility has dropped aggressively over the past week as markets are bracing for inflation data both from the US and Eurozone this week. Similarly, volatility in yen crosses remains muted even though the Japanese currency is trading near historical lows against its major peers, while the latest downbeat inflation data out of Japan could ignite some volatility moving forward. In [..]

Market Comment – Dollar steadies, awaiting fresh catalyst

Posted on May 27, 2024 at 8:33 am GMT

US dollar stabilizes after profit-taking pullback Investors agree with Fed’s ‘higher for longer’ view Wall Street rebounds as AI remains main driver Gold gains, but remains well off its record Higher for even longer The US dollar pulled back on Friday against most of its major counterparts, perhaps as the slight downward revisions to the UoM inflation expectations for May prompted traders to lock some profits on the long positions they initiated earlier in the week. The greenback is trading [..]

Technical analysis – US 500 index slips after all-time high but holds within bullish area

Posted on May 23, 2024 at 2:53 pm GMT

US 500 prints new record high thanks to Nvidia’s upbeat earnings Better-than-expected US PMIs weigh on the market Technical outlook positive above 5,280 The US 500 stock index has been moving from record high to record high over the past week, surging to a new high of 5,350 on Thursday following Nvidia’s upbeat Q1 earnings report. Upbeat US business PMI figures, however, reminded investors that rate cuts could come with some delay, initiating a decline towards the tentative ascending [..]

Commodities’ volatility jumps due to geopolitics – Volatility Watch

Posted on May 21, 2024 at 2:45 pm GMT

Euro/dollar volatility eases aggressively Volatility in gold and silver skyrockets US equities enjoy low volatility amidst weekly gains Euro/dollar volatility has dropped aggressively as the market is adjusting to a quieter data calendar that nevertheless includes a plethora of Fed speakers. Similarly, volatility in yen crosses remains moderate as market participants, especially in dollar/yen, appear unwilling to further provoke the BoJ and risk significant losses. On the contrary, volatility in the commodities space has gone through the roof. While oil price volatility has eased further despite the latest [..]

Market Comment – Dollar rebounds as US import prices accelerate

Posted on May 17, 2024 at 8:01 am GMT

US import prices see largest surge in two years Investors scale back Fed rate cut bets Yen slides on BoJ bond operation, Ueda’s remarks Wall Street pulls back after hitting fresh record highs Dollar recovers some CPI-related losses The US dollar rebounded on Thursday and is holding onto those gains today as data showed that import prices increased 0.9% month-on-month in April, taking the annual rate up to 1.1% from 0.4%. Despite the slowdown in the CPI figures on [..]

Midweek Technical Look – USDJPY, Gold, US 500

Posted on May 16, 2024 at 12:56 pm GMT

USDJPY gets hammered after monthly US data miss forecasts; support could develop near 153.35 Gold strengthens short-term upleg; eyes turn to the 2,400 area as bias remains positive US 500 stock index hits all-time high; looks bullish, but room for improvement could be limited [..]

Equities rally as US data softens – Stock Markets

Posted on May 16, 2024 at 12:53 pm GMT

US stock indices reach new highs as chances of a Fed rate cut jump Extra focus on US retailers’ earnings Utility stocks record the strongest monthly rally since 2022 Could US car manufacturers benefit from the new EV tariffs? Equity markets continue their advance boosted by the softer US data. In particular, Wednesday’s weaker US inflation report is keeping the door firmly open to a Fed rate cut during the summer, supporting the current risk appetite, despite the fact that [..]

Market Comment – Dollar plummets as US data supports Fed rate cuts

Posted on May 16, 2024 at 8:04 am GMT

US inflation resumes downtrend, retail sales stagnate Dollar falls as investors add to Fed rate cut bets Yen gains even as Japanese economy contracts Wall Street at fresh records, gold rallies on US data Cool inflation, flat retail sales hurt the dollar The dollar tumbled against all its major peers yesterday after the US CPI data revealed that inflation in the world’s largest economy resumed its downtrend in April, allowing investors to ramp up their Fed rate cut bets. [..]

Market Comment – Dollar under pressure ahead of the US CPI release

Posted on May 15, 2024 at 8:08 am GMT

Countdown to US CPI report is almost over Increased risk of an upside surprise after strong PPI US dollar on the back foot today as equities in waiting mode China prepares to go all in to save the housing sector Dollar remains on the back foot The countdown to the 12:30 GMT release of the April US CPI report is almost over. Market forecasts point to a monthly change of 0.4% for the headline CPI, pushing the annual growth rate [..]

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