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Stock Markets

XM Research - 44 minutes 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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XM Research - 16 hours ago

Technical Analysis – US 500 index charts a double top pattern

US 500 index pauses record rally around 5,520 Technical indicators signal more weakness ahead Sellers could take control below 5,395   The US 500 stock index (cash) opened on the negative side on Monday to test the 5,450 region, which seems to be the neckline of a bearish double top pattern. The RSI and the MACD cannot discount the possibility of a bearish continuation as the former has changed course to the downside after peaking in the overbought zone and the latter is steadil
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XM Research - 5 days agoNeutral

Technical Analysis – Will the US 100 stock index revisit the 20,000 mark?

US 100 index turns up, but it’s not out of the woods yet   Bulls need approval near 19,840 to renew record rally   The US 100 stock index started Thursday’s session on the right foot, extending its recent upturn to 19,848 after a short break on Wednesday. A close above Wednesday’s bar of 19,814 could pave the way for the 20,084-20,200 region, bounded by the ascending lines drawn from the beginning of the year.
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XM Research - 5 days agoBullish

Technical Analysis – JP 225 extends rally to 2-month high

JP 225 index has been steadily advancing in the short term On Wednesday, price jumped to its highest since April 12 Momentum indicators are heavily skewed to the upside The JP 225 index (cash) had been trading without clear direction since early May, fluctuating around its 50-day simple moving average (SMA). In the near term, the price broke above that crucial barrier and edged higher to a fresh two-month high.
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XM Research - 5 days agoBullish

Tesla shares jump to highest level since April 26 Bulls violate restrictive trendline taken from July 2023 Momentum indicators improve drastically Tesla has been among the worst performing stocks of the S&P 500 in 2024, but lately it has started to show some signs of life. After a consolidation period, the price advanced above the downward sloping trendline that connects its lower highs from July 2023, leading to a fresh two-month high.
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XM Research - 6 days ago

Nvidia rebounds as investors seem eager to buy the AI dip – Stock Markets

Nvidia erases a significant part of its 3-day slide Investors are bullish as AI keeps delivering earnings Subdued volatility hints low odds of a broader correction   Nvidia’s roller coaster ride moves markets The last few days have been eventful for the US stock market mainly because of Nvidia’s volatile moves. The AI darling lost over $430 billion in market capitalisation in three successive sessions starting from last Thursday, marking the largest three-day loss in the sto
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XM Research - 2 weeks agoNeutral

Nvidia’s stock drifts lower after peaking in the 140 area Technical signals confirm overbought conditions; next support at 126 Long-term outlook positive above 109.85   Nvidia’s stock closed Thursday’s session sharply lower at 130.24 after stretching its record rally to 140.29. There was no serious headwind behind the decline, which feeds speculation that traders probably decided to lock some profits near the 140 psychological mark.
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XM Research - 2 weeks ago

What’s the outlook for European stocks? – Stock Markets

European stock markets tremble on political turmoil Fears of a potential debt crisis further darken outlook Strong US economy and tech dominance emerge as headwinds   Markets dislike uncertainty European equity markets took a hard beating in the aftermath of the European Parliamentary elections, which showed an overall rise in far-right parties’ popularity.
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XM Research - 2 weeks agoNeutral

Technical Analysis – US 500 index eases after the climb to new high

US 500 index calms near the 261.8% Fibonacci extension level RSI and Stochastics are flattening The US 500 (cash) index has been moving with weak momentum over the last couple of sessions after the surge towards a new record peak of 5,449.73, holding near the 261.8% Fibonacci extension level of the up leg from 4,924 to 4,100 at 5,425.    The market is looking overstretched as the technical oscillators are moving horizontally near their overbought territories.
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XM Research - 3 weeks ago

Stock markets and football sometimes mix well

The 2024 European Football Championship starts today History points to strong stock market performance for the host country Major sporting events held in the eurozone could boost growth ECB to monitor consumer sentiment more closely With the market digesting the latest developments, it is time for football on both sides of the Atlantic Ocean.
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XM Research - 3 weeks agoBullish

Apple breaks long-term range to mark record high within 200 territory Short-term steep rally could take a breather as overbought signals strengthen   On Tuesday, Apple unveiled its own AI tools, propelling its stock to uncharted territory. Weaker-than-expected US CPI inflation data added fresh impetus to the stock on Wednesday, extending the rally above the resistance line, which connects the 2021 and 2023 highs, and towards an all-time high of 220. The stock’s gains were trimme
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XM Research - 3 weeks ago

Can stocks keep defying gravity? – Stock Markets

US stock indices sail towards successive record highs Hawkish Fed doesn’t scare bulls as volatility remains inexistent Valuations are historically stretched but earnings keep growing   High after high All major US indices are having an astonishing year, recording consecutive all-time highs as the economy seems more and more likely to achieve a soft-landing.
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XM Research - 3 weeks agoBullish

JP 225 index has been rangebound in the past month But has violated 50-day SMA and has advanced in latest sessions Momentum indicators are skewed to the upside The JP 225 index (cash) has been trading without clear direction since early May, fluctuating around its 50-day simple moving average (SMA). In the near term, the price broke above its 50-day simple moving average (SMA), with the short-term oscillators indicating strengthening bullish momentum.
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XM Research - 4 weeks agoNeutral

Technical Analysis – Tesla stock stuck below restrictive trendline

Tesla shares trade sideways in the past few sessions Momentum indicators suggest a cautiously negative tone Tesla is still among the worst performing stocks of the S&P 500 in 2024, even though it has gained more than 20% from its recent low. In the short term, the price has been trading within a range, but the momentum indicators suggest that bearish forces are strengthening.
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XM Research - 4 weeks ago

Could stronger US data force a Fed rate cut?

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% since July 2023, expectations have t
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XM Research - 4 weeks agoNeutral

US 100 index edges higher, not far from its all-time high Volatility drops ahead of some key US data Momentum indicators could be turning bearish The US 100 cash index is in the green again today, trading a tad below its recent all-time high of 18,494 and recouping a good part of last week’s losses. Monday’s weak US data prints have boosted expectations for a Fed rate cut ahead of the November elections, with the US stock indices now focusing on Friday’s labour market data.
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XM Research - 4 weeks ago

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

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.
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XM Research - 1 month agoBearish

Technical Analysis – US 30 index on the slide for the second week

US 30 index creates a double top pattern near 40,000; slips below key support levels A step beneath 37,847 could motivate more selling US Q1 GDP figures revised down; core PCE inflation next on the agenda   The US 30 index (cash) has been suffering the most on Wall Street over the past two weeks. Having topped twice near the 40,000 psychological mark last Monday, the index lost around 4.4% to trade near 38,050 ahead of Friday’s core PCE inflation data.
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XM Research - 1 month agoNeutral

Meta shares in a steady recovery after Q1 earnings plunge Stock remains rangebound below 50-day SMA in past few sessions Momentum indicators fail to turn positive Meta’s (Facebook) stock has been attempting a rebound in the short term following a 15% drop in the aftermath of its Q1 earnings announcement on April 24. However, the recovery has been on hold in the past few sessions as the price is trading sideways a tad beneath its 50-day simple moving average (SMA).
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XM Research - 1 month ago

Euro suffers when ECB announces the first rate cut of the cycle

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.
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