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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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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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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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Besides commodities, volatility is heightened across the board - Volatility Watch

Yen crosses are very volatile as they approach intervention levels Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin follows suit Volatility in yen pairs has been elevated for the past few days as they have been trading within breathing distance from the levels that Japanese authorities were willing to defend in the recent past.
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Volatility skyrockets in FX and stock markets - Volatility Watch

Euro and pound pairs are very volatile but for different reasons Volatility is extremely low in the commodity sphere US and global equities exhibit volatility jump, Bitcoin seems quiet Volatility in euro crosses has picked up as the region suffers from political instability following the EU elections and fears of a renewed debt crisis.
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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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Volatility surges across the board – Volatility Watch

Forex pairs are very volatile after strong NFP report Volatility in gold and silver ticks up, oil swims in calm waters US equities exhibit volatility jump amid correction fears Volatility in dollar crosses has picked up as the stronger-than-expected NFP report dialed back rate cut expectations, while investors are bracing for the FOMC meeting and the CPI print later this week. Euro pairs are in a similar position after the EU elections sparked a wave of politically instabili
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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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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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US 100 index starts a new bearish phase, tests 20-day SMA More losses likely below 18,467; Long-term uptrend solid above 17,760 US core PCE inflation index flat at 2.8% y/y; personal spending eases    The US 100 stock index gave back last week’s gains to trade near the 20-day simple moving average (SMA) at 18,465 after its record rally flatlined near the 18,880 bar.
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US stock markets rally but volatility plunges – Stock Markets

Wall Street remains buoyant near record highs Solid Q1 earnings aid, focus shifts on inflation and Fed outlook Volatility remains historically low as bears get repeatedly burned Stock rally shows no signs of easing This year has been sensational for the US equity markets as macroeconomic data out of the US have been constantly reinforcing the soft-landing narrative.
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Low volatility across the board besides Bitcoin – Volatility Watch

Forex pairs in a relatively quiet mood Volatility in Bitcoin and silver skyrockets US equities enjoy low volatility despite rally to record highs Euro/dollar volatility has dropped aggressively over the past week as markets are bracing for inflation data both from the US and Eurozone this week. Similarly, volatility in yen crosses remains muted even though the Japanese currency is trading near historical lows against its major peers, while the latest downbeat inflation data out
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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
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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.
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Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch

Japan’s intervention spurs volatility in yen pairs, usual action elsewhere in FX market Commodities enjoy lower volatility as geopolitical tensions subside Equities at neutral volatility levels during earnings season, Bitcoin volatility picks up Volatility in yen crosses has exploded on the back of a suspected Japanese intervention. Moreover, apart from dollar/yen, other dollar pairs are trading in the middle of their volatility range ahead of the Fed decision on Wednesday and
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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.
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Can Q1 earnings season refuel the equity market rally? – Stock Markets

Earnings parade unofficially starts on April 12 with major US banks S&P 500 profit growth forecast at 5.1% y/y after downward revision Fluctuating expectations around Fed policy remain a key risk factor   Investors hit the pause button Undoubtedly, the major US indices had a fantastic 2023, with the positive momentum being carried over to this year as the soft-landing narrative became more and more entrenched in market projections.
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US 100 cash index is in the green today, hovering just below its all-time high The market survived a key week and is probably preparing for the Easter break Momentum indicators remain mostly on the bulls’ side The US 100 cash index is edging higher today as the market survived, mostly unscathed, the busiest week of 2024. It continues to trade a tad below its March 21, 2024 high at 18,467 but only above the October 26, 2023 ascending trendline.
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Why do US stocks keep ignoring downside risks? – Stock Markets

S&P 500 posts record high despite upbeat CPI print Projections of fewer rate cuts do not scare stocks Can this rally extend without a sizable correction?   Stocks unhindered by hotter-than-expected inflation report On Tuesday, the S&P 500 recorded a fresh all-time high, while both the Nasdaq 100 and Dow Jones finished the session in the green despite the stronger-than-expected US CPI print.
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Technical Analysis – US 100 stock index at risk of double top

US 100 stock index forms bearish structure The market could balance selling forces above 17,800   The US 100 stock index (cash) seems to have formed a bearish double top pattern within a rising channel and around the peak area of 18,338. The bears will have to successfully complete that negative pattern below the 17,800-17,914 neckline to visit the 50-day exponential moving average (EMA) and the 23.6% Fibonacci of 17,389. Slightly lower, the constraining ascending line from Januar
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