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NASDAQ Composite

The Inflation Data Threatens to Sinks Indices!

David Kindley Feb 28, 2024 18 0

PCE Inflation data could be the catalyst that drives the US indices this week. With the S&P and Nasdaq looking for another record high, prices could be lower in the near term. The Dow also stopped moving higher as the 39K level…
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Technical Analysis

The S&P500 Breaks 5K with Another Record High!

David Kindley Feb 12, 2024 25 0

Another record for US indices as they hit a fifth week of gains. The S&P500 closed above 5,000 for the first time, while the Nasdaq added over 1.25%. Will this bullish sentiment continue, or is a correction just approaching?…
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Technical Analysis

Intraday Analysis – Indices Powering to Record Highs

David Kindley Jan 12, 2024 44 0

EURUSD finds bullish route After mixed CPI data, the US dollar steadied itself for the next Fed meeting. On the chart, the euro has bounced off the 20-day SMA as it sought to preserve its gains. A sharp break above 1.0970 has attracted…
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Technical Analysis

Intraday Analysis – Nasdaq struggles for catalyst

Jing Ren Oct 6, 2023 27 0

EURGBP awaits breakout The euro dipped as ECB policymakers reaffirmed the peak rate in the current tightening cycle. Sentiment has improved after a tentative break above July’s peak of 0.8700. The pair is now consolidating its gains over…
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Technical Analysis

Indices Remain Bearish as Investors Look to NFP

David Kindley Oct 5, 2023 32 0

US Indices edged even lower this week as traders look ahead to key jobs data. With the Dow shedding over 2,000 points since August, there seems to be no end in sight for the current sell-off. As the NFP data creeps upon us, will there…
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Technical Analysis

Indices Fall to Multi-Month Lows!

David Kindley Sep 27, 2023 29 0

The Dow Dropped almost 400 points as fresh recession worries returned. With the S&P and Nasdaq also falling, will economic sentiment shift even further? Timestamps SPX500 01:25 NSDQ 02:55
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Technical Analysis

The Week Ahead – Lower Inflation and Resilient Economy Lift Risk Appetite

Jing Ren Aug 4, 2023 54 0

USDJPY rallies as BoJ stays put The yen weakens as the BoJ keeps the status quo with dovish guidance. Despite volatility after the central bank let bond yields move more freely, officials have stressed that the tweak to yield curve…
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Technical Analysis

Intraday Analysis – GBP keeps high ground

Jing Ren Apr 14, 2023 134 0

GBPUSD continues higher Sterling advanced after an upward revision to January's growth in Britain. The pair has held well following its break above the double top at 1.2440 on the daily chart with 1.2350 established as a solid support. A…
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Technical Analysis

Intraday Market Analysis – Nasdaq attempts to recover

Jing Ren Dec 30, 2022 60 0

USDCHF tests major support The US dollar slipped after data showed a rise in initial claims for unemployment benefits. The price is testing last April’s low near 0.9200 after giving up all the gains from the breakout rally eight months…
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Technical Analysis

Dow Drops as Recession Looms!

David Kindley Dec 6, 2022 323 0

Indices fell Monday on fears that the Fed will continue hiking until it tips the economy into a recession. A hotter-than-expected reading of ISM Services and NFP data further fuelled concerns. After dropping almost 500 points, the Dow…
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