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US500Cash

XM Research

XM Research - 18 hours ago

Market Comment – Dollar trims losses against yen, core PCE on tap

Dollar/yen rebounds after US GDP data Core PCE the next test for Fed rate cut bets Yen rally losing steam ahead of BoJ next week Wall Street extends slide, more earnings awaited GDP data adds fuel to dollar’s engines The dollar traded higher against most of its major counterparts on Thursday, trimming losses against the yen and extending its rally versus the wounded aussie, kiwi and Loonie.
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XM Research - 2 days ago

What to expect from markets in the run up to US elections?

Presidential race dominates headlines and complicates Fed’s job Equities suffered in the two months leading up to the last six presidential elections Market’s performance in the 2016 pre-election period could be a useful guide Dollar strengthened in 2016 but equities were under pressure Significant developments in the race lately  The recent gun attack against Donald Trump and US President Biden's candidacy withdrawal last weekend have raised even more the profile of
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XM Research - 2 days ago

Market Comment – Stock market correction picks up speed

Fed expectations and US election affect sentiment Euro remains on the back foot against the dollar PBoC announces a surprise rate cut Gold suffers, aussie and kiwi losses pile up Stocks’ weakness intensifies Stocks are under severe pressure as the main US equity indices recorded yesterday their worst daily performance since late-2022. Considering the fact that yesterday’s US PMI surveys were mixed, and therefore not the trigger for this move, the cause of the continued w
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XM Research - 3 days ago

Market Comment – Dollar remains strong ahead of key data, yen surges

Dollar keeps marching north, PMIs on tap Yen extends rally as traders unwind carry trades Aussi and kiwi slide on China concerns, loonie awaits BoC Stocks trade in the red, tech earnings in the spotlight Traders continue to buy the US dollar The dollar traded higher against all but one of its major peers on Tuesday and continued to do so today.
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XM Research - 4 days ago

Heightened volatility across all asset classes – Volatility Watch

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs.
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XM Research - 4 days ago

Market Comment – Market in waiting mode as key data in sight

VP Harris close to securing nominee status Dollar trades sideways against the euro Tech stocks’ reaction higher helps S&P 500 breathe better Gold under pressure, drags bitcoin lower US Presidential race hots up Incumbent Vice President Kamala Harris has apparently made a significant step in securing the Democratic party’s nominee status by earning the support of enough delegates ahead of the August 19-22 party convention.
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XM Research - 5 days ago

Market Comment – Technical outage triggers risk aversion, Biden steps down

Markets in risk-off mode after outage Biden withdraws from Presidential race Gold and oil feel the heat of strong dollar Dollar rallies on haven flows The US dollar traded higher against most of its major peers on Friday, although its advance was paused today. With Fed fund futures indicating very little change in market expectations about the Fed’s future course of action, the dollar’s rally seems to have not been driven by developments linked to the Fed’s plans.
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XM Research - 1 week ago

Market Comment – Stocks suffer a fall but not sounding the alarm yet

Stocks under pressure but dollar fails to make gains ECB meets today, unlikely to produce a dovish shift Pound ignores data; yen continues to rally against the dollar Stock markets under pressure; feels like 2007 again Following last weekend’s events, the market is probably paying more attention to Donald Trump’s economic plan.
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XM Research - 1 week ago

A repeat of the 2006-07 price action could spell trouble for the S&P 500

Performance of key market assets resembles the 2006-07 period The S&P 500 index could experience a sizable correction The current US 10-year yield drop could have legs Yen could benefit further as euro/dollar volatility is possibly heading north Fed readies for a September rate cut  Almost one year after the last Fed rate hike, the latest developments in the US, predominantly the recent labour market report and last week's weaker inflation prints, have probably tipped
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XM Research - 1 week ago

Technical Analysis – US 500 index softly up after upbeat retail sales

US 500 stock index maintains muted positive tone Short-term bias on the bullish side; eyes on 5,680   Unlike the US 30 index, the US 500 index could not renew its record rally on Tuesday, retaining a muted positive tone around 5,650. The bulls, however, might still have their chance, especially after the close above the one-year-old resistance line at 5,600. If that floor holds, the price might attempt to push above the short-term ascending line at 5,683 and towards the 5,800-5,860
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XM Research - 2 weeks ago

Higher market volatility led by yen, gold and equities – Volatility Watch

Euro/dollar volatility remains low despite weekend’s events Volatility in commodities jumps, apart from oil Stock indices experience stronger volatility, decoupling from Bitcoin Euro/dollar volatility remains very low despite last week’s weaker CPI report and the weekend’s gun attack on the Republican Presidential candidate. On the flip side, volatility in yen crosses has increased considerably as the BoJ is rumoured to have intervened last week in dollar/yen, ahead of the
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XM Research - 2 weeks ago

Market Comment – Weaker US CPI sends US stocks into a tailspin

Top US stocks fall despite the weaker CPI report Dollar suffers but euro/dollar fails to make significant gains Gold climbs above the $2,400 level again Yen benefits from dollar weakness and possible intervention The September Fed rate cut is a step closer  The US inflation report for June managed to produce a downside surprise.
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XM Research - 2 weeks ago

Market Comment – Wounded dollar awaits inflation numbers

Powell’s testimony dents the dollar US CPI data could deepen the wounds Pound gains as BoE’s Pill dampens August cut bets Wall Street at new highs, gold gains as well Dollar softens ahead of CPI data The US dollar drifted south against most of its major peers on Wednesday, gaining some ground only against the yen, the franc, and the kiwi.
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XM Research - 2 weeks ago

Market Comment – Stocks undaunted by Powell’s mixed tone

US stocks rally continues after Chairman Powell’s comments French developments and ECB doves keep euro in check China reacts to bond market rally, but real issues persist Kiwi under pressure as RNBZ turns dovish US stocks rally despite Powell’s lack of dovish shift Fed Chairman Powell kept the cards close to his chest regarding the timing of the much-expected rate cut at yesterday’s Senate testimony, but he managed to satisfy the Fed doves by stating that considerable
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XM Research - 3 weeks ago

Market Comment – Spotlight falls on Fed Chair Powell’s testimony

Dollar stays on the back foot ahead of Powell Euro gains ground after French vote Yen steady as BoJ discusses bond purchases Wall Street extends rally, gold pulls back Traders lock gaze on Powell’s testimony The dollar continued losing ground against most of its major counterparts on Monday, gaining somewhat only against the franc and the kiwi.
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XM Research - 3 weeks ago

Lower FX volatility as equities appear agitated – Volatility Watch

Euro/dollar volatility drops aggressively Volatility in commodities increases a tad, apart from oil S&P 500 and Nikkei 225 indices’ volatility jumps Euro/dollar volatility has eased further over the past week as the market is feeling more relaxed after Le Pen’s far-right party failed spectacularly to win the highest number of seats in the second round of the French parliamentary election.
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XM Research - 3 weeks ago

Market Comment – Dollar slides on jobs data, Euro dips on French gridlock

US jobs data confirms bets of two Fed rate cuts Dollar slides ahead of Powell testimony, US CPI numbers Euro gaps down as French election results in hung parliament Wall Street at fresh records, gold jumps, oil pulls back US labor market shows signs of weakness The US dollar fell against all but one of its major counterparts on Friday, with the only exception being the Canadian dollar.
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XM Research - 3 weeks ago

Q2 Earnings season: A strong test for stretched valuations – Stock News

Earnings parade unofficially starts on July 12 with major US banks S&P 500 profit growth forecast at 10.6% y/y, all eyes on tech results Asymmetric risks due to rosy valuations and optimistic earnings projections Stellar first half Undoubtedly, the US stock markets had another astonishing quarter and a roaring first half of the year as the US economy seems to be headed for a soft landing. It has been more than 21 months now since the stock market experienced a sizable correcti
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XM Research - 3 weeks ago

Market Comment – Market craves dovish Fedspeak as US stocks reach new highs

US stocks rally after Chairman Powell’s comments Focus on key US data today ahead of Thursday’s bank holiday Dovish ECB commentary to keep euro under pressure Dollar/yen rally continues US stocks rally after Powell’s comments The ECB-dominated forum held in Sintra, Portugal, managed to produce market-moving headlines for the Fed.
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XM Research - 4 weeks ago

Yen volatility remains high as equities appear calmer – Volatility Watch

Euro/dollar volatility jumps after French elections Volatility in commodities eases, apart from oil Stock indices’ volatility falls ahead of key data releases Euro/dollar volatility has eased over the past week as the market is breathing slightly easier following Sunday’s French elections result. On the flip side, volatility in yen crosses remains extremely high as market participants continue to provoke the BoJ by pushing dollar/yen above the level that led to the end-April
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