US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
US 500 Index Hovers Between Short-term SMAs
The US 500 index (Cash) is trading below the record high of 3,963.58, flirting with the 20- and 50-day simple moving averages (SMAs). The momentum indicators are suggesting a downside reversal as the MACD is losing ground below its trigger line...
March Flashlight for the FOMC Blackout Period: No Major Policy Changes but Perhaps Some Technical Tweaks
Summary We do not look for the FOMC to make any major monetary policy changes at its March 16-17 meeting. Moreover, we expect the Committee to clearly articulate that it has no intention of raising rates or otherwise removing policy...
Dollar Extends Rally, Euro Shrugs Solid Investor Confidence
Dollar’s rally continues today but buying is mainly centered against Euro, Swiss Franc and Kiwi. Euro is getting no support from better than expected investor confidence data. Thanks to some resilience in crosses, Sterling is following as the second strongest...
Dollar Extends Rally, Euro Shrugs Solid Investor Confidence
Dollar’s rally continues today but buying is mainly centered against Euro, Swiss Franc and Kiwi. Euro is getting no support from better than expected investor confidence data. Thanks to some resilience in crosses, Sterling is following as the second strongest...
Yield Continue To Drift Higher
Notes/Observations Focus remains on rising bond yields US $1.9T stimulus seen passing the House later this week ECB meets on Thursday and likely to emphasize its readiness to use the flexibility of the Pandemic Emergency Purchase Program to counteract tightening...
EURUSD Sinks Below 1.1900 In Ascending Channel
EURUSD is diving further below the 1.1900 psychological level, approaching the lower surface of the upward sloping channel. The selling interest started after the pullback off the 1.2240 resistance, taking the market well below the short-term simple moving averages (SMAs) and the...
Asian Markets Soften on Surging Oil Price, Dollar Firm
The Asian markets opened the week relatively mixed. Stocks gained initially on US Senate passage of the USD 1.9T stimulus bill. But sentiments are weighed down by concerns of inflation as oil prices jumped. Dollar is firm against Yen, Euro...
Dow futures rise more than 100 points after Senate passes $1.9 trillion Covid relief bill
Traders work on the floor of the New York Stock Exchange. NYSE Dow futures rose on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average...
Investors haven’t fully grasped inflation is ‘dead ahead,’ economist Mark Zandi warns
Investors may want to hold on even tighter. Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to...
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