XM does not provide services to residents of the United States of America.

Stock Markets

Equities rally as US data softens – Stock Markets

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
U
U
G
U
T
U
B
G
F

Higher euro/dollar volatility ahead of US CPI report – Volatility Watch

Euro/dollar enjoys strong volatility ahead of key data releases Gold and silver see higher volatility amidst muted price rally Volatility drops in US equities as risk appetite returns Euro/dollar volatility has jumped higher as the market is preparing for some key US data prints. On the flip side, volatility in yen crosses remains moderate after the recent Japanese interventions, with market participants trying to avoid further provoking the BoJ at this stage.
G
U
U
B
E
G
G
E
E
U
G
S
J

Technical Analysis – UK 100 index swings to all-time high

UK 100 hits record high after the BoE rate decision; up 8% year-to-date Next target at 8,500, but fears of an overbought market might delay rally The UK 100 stock index (cash) has been performing incredibly well over the past four months, staging another exponential rally this week to unlock an all-time high of 8,393 on Thursday. The index has surpassed a couple of targets, including the 2023 top of 8,045 that temporarily ceased bullish actions on April 12. The spotlight is now on t
U

US 500 cash index attempts to erase latest pullback Jumps above crucial 123.6% Fibo and eyes record peak       Oscillators recover drastically and approach overbought levels The US 500 stock index (cash) has been staging an impressive rally after bottoming out in October 2023, generating consecutive all-time highs. Despite experiencing a strong pullback from its record high of 5,281, the index quickly found its feet and rotated back higher.
U

Technical Analysis – US 500 index might hit lower levels after Tuesday’s slump

US 500 index exposed to more downside after Tuesday’s pullback Short-term risk is negative. Will the bears crack the floor at 4,965-5,000?   The US 500 stock index (cash) traded flat at the start of the US open as investors waited for the FOMC policy announcement today at 18:00 GMT. Despite the current muted tone in the market, the short-term outlook does not look promising, especially after the price got hammered near the resistance line from April’s record high for the fourth ti
U

What do Q1 earnings hold for Disney’s stock? – Stock Markets

Walt Disney reports earnings before Wall Street’s opening bell on May 7 Solid profit growth is expected despite a minor revenue jump Stock price experiences a pullback amid an overall strong 2024 performance Impressive start to the year After lagging against the broader market for the past three years, Disney’s stock has started the year on a firm note, outperforming major US indices.
D

Technical Analysis – Is US 100 setting course for new record highs?

US 100 enters recovery mode, stays above uptrend line MACD and RSI suggest that momentum may turn positive A break above 18,350 will take the index into uncharted territory A break below 15,700 may turn the broader outlook bearish The US 100 cash index entered a recovery mode last week, after hitting support near the 16,980 zone.
U

Apple stock has been in a steady downtrend in 2024 But rebounds from 1-year bottom ahead of earnings Momentum indicators remain neutral-to-negative   Apple’s stock has been very volatile in 2024, opening frequently with significant price gaps. In the short term, the stock fell to a fresh one-year low of 163.90 on April 19 before paring some losses ahead of the Q1 earnings report on Thursday.
A

Technical Analysis – US 500 cash index is in the green ahead of the Fed

US 500 index is edging higher, a tad below the 50-day SMA Bulls are feeling more confident following strong tech earnings  Momentum indicators are mixed at this stage The US 500 cash index is trying to record its third consecutive green candle today as the bulls are probably feeling relieved following the recent strong tech earnings and the lack of a significant upside surprise in last week’s PCE report.
U

Will Apple finally drop its AI hint? - Stock Markets

Apple expected to publish gloomy Q2 earnings on Thursday May 2 after the bell Investors widely expect AI updates, but Apple has more important events on the calendar   Apple stock on the back foot Apple’s stock has had minimal gains, only to fall again this year, and is now on track to end its fourth straight month in the negative region.
A

Amazon earnings set for AI-driven cloud and ads boost – Stock Markets

Amazon.com will unveil its Q1 results on Tuesday after the market close AI will be front and centre, both for actual results and for future plans But will investors be impressed amid a pullback in the stock? Q4 set the bar high Amazon’s share price skyrocketed after it announced its Q4 earnings back in February, pulling the broader uptrend a leg higher.
A

Technical Analysis – US 100 index weakness lingers

US 100 cash index is in the red, a tad below the 100-day SMA Market sentiment remains bearish ahead of key US data Momentum indicators mostly bearish; all eyes on the stochastic The US 100 cash index is in the red again today, trading a tad below the 100-day simple moving average (SMA) and around 6% lower from its recent all-time high.
U

Alphabet shares surge to consecutive all-time highs Momentum indicators are approaching overbought zones This poses asymmetric risks for the upcoming earnings report   Alphabet’s shares have been in a steady uptrend since October 2022, posting a fresh all-time high of 161.65 on April 12. Despite a minor downside correction, the price has been advancing again ahead of the Q1 earnings announcement on Thursday.

Meta stock pulls back from its all-time high Violates the 50-day SMA ahead of Q1 earnings call Momentum indicators turn negative Meta’s (Facebook) stock has been in a steep uptrend since the beginning of the year, posting a fresh all-time high of 531.00 on April 8. However, the pair has come under selling pressure following its recent record peak, with the bears pushing the price below the 50-day simple moving average (SMA) ahead of its Q1 earnings.
F

Alphabet Q1 Earnings: Strong ad business but AI initiatives lag – Stock Markets

Alphabet reports earnings after market close on April 25 Forecasts point to double-digit revenue and earnings growth Despite stock rally to record highs, valuation is cheap against tech clan Core business shines, but focus shifts on AI After an outstanding 2023, Alphabet has started 2024 on a firm note, outperforming major US indices amid heightened volatility.
G

Slightly lower volatility across the board ahead of key US data – Volatility Watch

Lower volatility is on the cards for the FX market Gold to enjoy lower volatility; oil probably too quiet considering geopolitics Equities volatility remains elevated, especially in JP225 index Volatility in EUR/USD has eased up a bit but remains high amidst continued rhetoric for an ECB rate cut in June. Geopolitical events have also played a crucial role in maintaining volatility high in the remaining currencies, including the yen and pound crosses, with the former facin
G
U
U
B
E
G
G
E
E
U
G
S
J

US 500 index erases bearish correction MACD and RSI show mixed signals The US 500 cash index is recouping some losses after it lost almost 6% from the 5,240 high. The price dived to a fresh two-month low of 4,924 but failed to have a closing day beneath the 100-day simple moving average (SMA). The market has been in a downside correction in the short-term view with the MACD endorsing this view as it is standing beneath its trigger and zero lines; however, the RSI is pointing upwards af

Technical Analysis – Is Tesla’s bearish spiral about to end soon?

The week begins with Tesla stock hitting new lows. Critical support trendline raises hopes for a bullish reversal Q1 earnings to be announced on April 23 after the bell   Tesla’s stock started Monday’s session with a downward gap, hitting a nearly 18-month low of 138.84, before ending the day with minimal gains at 141.88. With a substantial portion of the January-July 2023 uptrend retraced, investors are now watching closely to see if there will be a bullish rotation in the
T

Microsoft reports earnings as AI wars intensify – Stock markets

Microsoft will report earnings on Thursday, April 25 after the bell Analysts expect solid growth, driven by artificial intelligence But share valuation is already stretched, so upside may be limited Leading the AI arms race Microsoft has been at the forefront of the ‘artificial intelligence wars’ over the past year, following its acquisition of OpenAI and several other startups.
M

Meta reports Q1 earnings after new AI model – Stock Markets

Meta platforms to report decent annual growth in Q1 How will the US election influence revenue from advertising? Meta stock is not overvalued, but needs promising AI guidance to rally     Meta's prestige performance Earnings from the US Magnificent seven will start rolling in within the coming weeks, with Meta platforms, the parent company of Facebook and Instagram scheduled to report its first quarter financial results on Wednesday April 24 after the US market closes.



Trade Ideas

SymbolSourceDirection

Market Summary

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.