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XM Research

XM Research - 2 weeks ago

Market Comment – Dollar headed for third weekly gains as stock rally cools

Dollar stands tall after SNB cut and BoE’s dovish hold Yen enters intervention zone as Japan’s underlying inflation falls Euro slips on weak PMIs, US PMIs next in focus Nasdaq tumbles as Nvidia hit by profit taking ahead of triple witching Fed cut hopes not enough to dent the dollar The US dollar looks set to finish the week higher, extending its winning streak to a third week.
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XM Research - 3 weeks ago

Market Comment – Euro extends losses on French election jitters

Euro hits 6-week low as risk premium for French debt jumps But equities mixed as selloff eases Trio of central bank decisions eyed Euro rocked by fresh fears of a debt crisis Concerns about the real risk of a far-right government in France continue to dog the euro after they resurfaced towards the end of last week. Having shed more than 1% so far in June, the euro is struggling to hold on to the $1.07 level on Monday and is currently trading at more than six-week lows.
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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 - 2 months agoBearish

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.
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XM Research - 2 months ago

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.
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XM Research - 4 months agoBearish

Apple shares slide to the lowest since October 31 But find their feet and recoup minor losses Momentum indicators exit oversold territories   Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the short term, the stock has been in a steep decline, falling to a fresh four-month bottom of 168.30 last week before paring some losses.
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XM Research - 4 months ago

Apple and Tesla lag the Magnificent 7 pack – Stock Markets

Magnificent 7 propel US indices to record highs Apple diverges due to lack of AI initiatives Tesla also suffers from weakness in Chinese market   AI leads the way The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has been the driving force behind the consecutive all-time highs observed in the major US equity indices. The tech behemoths have largely benefited from the Artificial Intelligence (AI) mania, with
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XM Research - 4 months ago

Are there more AI growth opportunities to be priced into the markets?

Nvidia skyrockets and drives the S&P 500 to new records Demand for chips continues to surge, AI enters consumers’ life There maybe more AI growth opportunities to be priced in But downside risks on high valuations and geopolitics do exist Nvidia beats already optimistic estimates Just last week, the investor favorite Nvidia beat out Amazon and Alphabet to take the third place as the most valuable company in the US by market capitalization, and although the chipmaker’s
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XM Research - 5 months agoBearish

Apple shares slide after rejection at 50-day SMA Price violates 200-day SMA and ascending trendline Momentum indicators deep in their negative zones   Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the near term, the stock has been facing downside pressures, which led to a decline below the 200-day simple moving average (SMA) and the upward sloping trendline that connects its recent higher lows.
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XM Research - 5 months ago

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
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XM Research - 5 months ago

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite.
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XM Research - 5 months ago

Market Comment – Powell pushes back on March rate cut, BoE on tap

Fed’s Powell says March rate cut not the “base case” Dollar gains, but Treasury yields slide BoE to stand pat, focus to fall on guidance Wall Street tumbles, awaits more earnings results Dollar gains on less-dovish-than-expected Fed The US dollar gained against all but two of its major counterparts yesterday, losing ground only against the yen and ending the day virtually unchanged against the franc.
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XM Research - 5 months agoBearish

Apple shares slide ahead of earnings on Thursday Stock exhibits heightened volatility in recent months Momentum indicators tilt to the bearish side Apple’s stock has been very volatile in the past few months, opening frequently with significant price gaps. In the near term, the stock has been facing downside pressures, which led to a decline below the 50-day simple moving average (SMA) ahead of its earnings report on Thursday.
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XM Research - 5 months ago

Market Comment – Stocks, dollar steady after goldilocks data as Fed awaited

Stocks perky ahead of Fed decision as US data and China measures lift optimism Dollar and yields little changed after goldilocks reports, NFP eyed next Oil and gold spike on geopolitical concerns amid fresh ME tensions Markets await direction from the Fed Stocks were mixed on Monday amid a cautiously risk-on tone ahead of a very busy week for the markets that’s expected to get heated up mid-week by the Fed’s policy decision, culminating with the latest payrolls report on Fri
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XM Research - 5 months ago

Apple Q1 earnings: AI evolution will matter the most as results may not be great – Stock Markets

Apple reports Q1 earnings on Friday, February 2 Results may not be exciting, but traders may not care AI comments to attract the most attention as usual   Q1 Earnings forecasts Apple Inc will publish its earnings results for the first fiscal quarter ended in December 2023 on Friday February 2. Following a tough year of declines, the iPhone maker could return to the expansion zone, but no fireworks are expected.
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XM Research - 6 months ago

Market Comment – Tech stocks rally on AI boom even as yields rise, dollar steady

Apple and semiconductors push Nasdaq 100 to new record high But Fed repricing limits gains outside of tech as yields edge up Dollar holds firm, pound slips on data, yen propped up by verbal intervention AI optimism spurs tech rally AI mania made a comeback on Thursday as optimism about a recovery in AI-related demand as well as the broader tech sector boosted equity markets.
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XM Research - 6 months ago

Market Comment – New Year selloff eases despite Fed ambiguity, dollar falls back

Fed minutes dent hopes of early rate cut but markets perk up anyway Higher services PMIs lift sentiment in Europe and Asia, boosting US futures too Dollar rebound pauses for breath, oil jumps on supply concerns Fed rate cut bets little changed after December minutes Markets wavered after the Fed published the minutes of its December policy meeting on Wednesday as investors weighed the prospect of rate cuts amid mixed signals from policymakers.
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XM Research - 6 months agoBearish

Technical Analysis – Apple stock plummets to 7-week low

Apple shares open with a negative price gap Barclays' downgrade triggers the move Short-term oscillators tilt significantly to the downside Apple’s stock had been experiencing a steep uptrend since the October bottom of 165.50, posting a fresh record high of 198.08 in mid-December. However, the latter was followed by a mild pullback, which deteriorated after the price opened with a wide negative gap on Tuesday on the back of a Barclays' downgrade.
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XM Research - 7 months agoBullish

Technical Analysis – Apple stock eases from record high

Apple shares post a fresh all-time peak Stock pares some gains after advance got overstretched Oscillators ease from overbought conditions Apple’s shares have been experiencing a steep uptrend since their October bottom of 165.50. Last week, the price recorded a fresh record high of 199.40 before undergoing a minor setback, with the momentum indicators relaxing from their overbought territories.
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XM Research - 7 months ago

Market Comment – Euro and pound surge as ECB and BoE diverge from dovish Fed

ECB and BoE stick to hawkish stance as Fed becomes dovish outlier Euro and pound skyrocket before paring gains on weak PMIs Upbeat US data fail to deter dollar bears as yields continue to slide, stocks party No rate cut talk at the ECB and BoE Central banks in Britain and the euro area diverged from their US counterpart on Thursday, sidestepping any talk about rate cuts while reiterating the need to maintain higher rates for longer.
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