FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
ETX Capital information and reviews
ETX Capital
Markets.com information and reviews
FxPro information and reviews
47 783.36

US equity futures hit limit down

23 March 2020

US stock futures have hit the limit-down level just minutes into the start of the Asian trading week, while most major Asian indexes began the week in the red. This comes as the number of confirmed Covid-19 cases globally breached the 300,000 mark over the weekend, while the US government’s plans for a US$2 trillion fiscal support package was met with political resistance, dealing a blow to investors who are hoping for some much-needed relief for the world’s largest economy.

The political wrangling in Congress could last anywhere between 12 hours to a few days before policymakers may agree on the details of the economic rescue package. In the meantime, the selloff in global equities is expected to continue as investors are given scarce reason to push stocks higher.

The S&P 500 futures have hit the limit down levels, which triggers a trading halt, for the ninth time in 10 days. Futures for the Dow Jones Index are falling by 4.88% at the time of writing, pointing to another day of losses when trading begins in New York.

New week, same Dollar

The Dollar index is still holding above the 103 psychological mark, prompting declines in most Asian currencies while triggering a mixed response from its G10 peers. The Japanese Yen is the star performer on Monday, gaining over 0.7 percent at the time of writing to test the 110 level against the US Dollar.

Considering the palpable risk aversion in the markets, which has triggered investors into clamoring for the Dollar for the refuge it provides, demand for the US Dollar is expected to remain elevated. Should the Dollar-funding crunch show signs of easing while investors’ patience levels continue being worn down, the Yen’s lure as a safe haven asset should eventually shine through once more.



Energy is the play: how we get to $100 crude
Energy is the play: how we get to $100 crude

Natural gas futures in Europe and the UK are flying, while our natural gas (NG) CFD (the underlying is traded on the NYMEX) pushed over $5.60 and into 7-year highs...

16 Sep 2021

Are investors sleeping on systematic risk in China?
Are investors sleeping on systematic risk in China?

It’s time to talk about China. The situation is getting dicier as the nation’s second-largest property developer - Evergrande - is on the verge of default. Trading in the company...

16 Sep 2021

Sentiment sours as the S&P 500 tests key support
Sentiment sours as the S&P 500 tests key support

We head to quadruple witching in the US on Friday and notably options expiration (OPEX), and the weakness we see time and again in the week before seems...

15 Sep 2021

Dollar unscathed by soft inflation, equities resume slide
Dollar unscathed by soft inflation, equities resume slide

Dollar takes little damage despite signs US inflation has peaked - Wall Street resumes selloff - all eyes on China contagion risks - Canadian data coming up ahead of elections, gold wakes up...

15 Sep 2021

US inflation under the microscope
US inflation under the microscope

With the Fed having almost locked in a November taper announcement, the question now is whether Chairman Powell will use next week’s policy meeting to give the markets...

14 Sep 2021

Wall Street loses altitude. Dollar grinds higher
Wall Street loses altitude. Dollar grinds higher

The relentless rally in US stock markets took a breather last week. Wall Street suffered a rare pullback as investors took some profits off the table, positioning...

13 Sep 2021

Forex Forecasts

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.