#MarketNews
Good morning, traders! Today is Thursday, January 4, 2024. Let's dive into the key financial updates of the day:
The NASDAQ fell 1.7% on the first day of trading, its worst since 2001.
Mark Zuckerberg sold Meta shares (FACEBOOK) for $428 million at the end of 2023 - SEC disclosure.
The US and Canada together produced more oil and gas than the entire Middle East in 2023 - and this should concern OPEC+, the Economist says.
Morgan Stanley closed shorts in EURUSD and became “neutral” on the US dollar (previously bullish). Analysts predict further weakening of the US dollar in 2024.
Earthquakes in Japan complicate the task of the Central Bank to quickly abandon the policy of negative rates because the economy needs support, Bloomberg says.
Yesterday's drop in BTC led to panic selling. Trading volume increased to its highest since March 2022. Funding rates for longs sharply returned to normal (were at a record), reflecting "fear" in the crypto market - Santiment.
What are your trading plans for today guys? TRADE WITH FBS
@fbsanalytics
