NAS100 upside momentum is strong, but the index is overbought
The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.
Page 12 of 48
The weekly NAS100 has charted a series of higher troughs followed by higher peaks. This puts the index into an uptrend.
Watch today’s US Open for insights on the latest around the US debt ceiling, the hot PCE inflation data that added to the hawkish repricing around the Fed’s rate path and more
The US2000 tracks the performance of 2,000 small-cap US stocks. It is generally a more volatile index, as smaller companies have more limited access to financial resources than big companies. Many view the US2000 as a barometer of the US economy, due to its sensitivity to macroeconomics. Thus, its underperformance is worrisome.
The chip designer’s stock surged on Thursday, after the quarterly results showed strong demand for its Artificial Intelligence-related products, lifting the tech sector, despite debt ceiling uncertainty and hawkish repricing around the Fed
Watch today’s US Open for insights on the latest around the US debt ceiling and Fed-speak, the dovish shock by the Reserve Bank of New Zealand, the UK inflation data that keeps pressure for more rate hikes, NVIDIA’s AI-driven strong quarterly report and more
The chip designer reported somewhat mixed quarterly results on Wednesday, but the data center business generated record revenues on AI demand, which also drove strong forward guidance and sent the stock higher in pre-market
Following the negotiations over the debt ceiling, Fitch Ratings has expressed concern regarding the United States' debt, resulting in a placement of the nation's highest-rated bonds on a "Rating Watch Negative."
Apple, the renowned technology giant, made a significant declaration on Tuesday regarding their future. They unveiled a ground-breaking partnership with Broadcom, a leading company in the industry, for a substantial agreement spanning multiple years and involving billions of dollars. The focus of this collaboration is centred around the development and production of state-of-the-art 5G radio frequency components and wireless chips. It is noteworthy that a portion of these advanced 5G…
Watch today’s US Open for insights on the developments around the US debt ceiling as we move closer to the estimated deadline, the latest Fed commentary and more
Yields Chart Uptrend Source: www.tradingview.com The top candlestick chart is the weekly US 2-year yield, with the weekly US 10-year yield underneath. The 2-year is a good proxy for monetary policy and the 10-year represents fixed income investors' sentiment. Both instruments have charted a higher trough followed by a higher peak, putting their yields into uptrend. This is in stark contrast to the sentiment shift of March (blue rectangles), where…
On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.