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2021-03-09 08:04:22 The Dow Jones index climbed 0.97% while the Nasdaq 100 tumbled 2.92% on Monday. The Dow now has a year-to-date advance of 3.91%, while the Nasdaq 100 is down 4.57% so far in 2021.

The rotation in US stocks is certainly chugging along, further evidenced by Monday’s contrast in performance between the Dow Jones index and the tech-heavy Nasdaq 100. The tech rout was the major contributor to how benchmark US indices performed at the onset of the week.


The Nasdaq 100 has now marked a technical correction, which is to say that Monday’s closing price is now more than 10% lower from its... Read More (https://www.forextime.com/market-analysis/why-are-nasdaq-and-dow-diverging) Open / Comment

2021-03-09 08:04:22 Open / Comment

2021-03-09 08:04:21 Why are the Nasdaq and Dow diverging?
https://www.forextime.com/market-analysis/why-are-nasdaq-and-dow-diverging Open / Comment

2021-03-08 20:25:34 Have you seen the recent movements in gold prices?



Over the past few weeks, the precious metal has cut through multiple levels of support like a hot knife through butter. One would have expected gold to draw ample strength from the great reflation trade, yet prices are down over 10% since the start of 2021.


It is becoming clear that gold remains under the mercy of an appreciating Dollar and rising bond yields.




The low-down…

Back in 2020, when the Covid menace created extraordinary levels of uncertainty and chaos, central banks were embarking on aggressive interest... Read More (https://www.forextime.com/market-analysis/technical-outlook-gold-trouble) Open / Comment

2021-03-08 20:25:33 Open / Comment

2021-03-08 20:25:33 Technical Outlook: Is Gold In Trouble?
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2021-03-08 11:57:44 Following a strong recovery on Friday, Tech stocks are driving global equity indices lower today as higher Treasury yields continue to drive rotation from growth to value companies. The dollar remains the biggest winner from rising yield differentials with USD/JPY holding at nine month high. Brent crude shot up 2% early Monday passing the $70 threshold for the first time since the pandemic began after Yemen’s Houthi forces fired missiles on a Saudi Aramco facility. Investors await the final vote for Biden’s $1.9 trillion pandemic relief package, although the passing of the bill seems widely... Read More (https://www.forextime.com/market-analysis/tech-stocks-driving-equity-benchmarks-lower) Open / Comment

2021-03-08 11:57:43 Open / Comment

2021-03-08 11:57:43 Tech stocks driving equity benchmarks lower
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2021-03-08 05:49:37 At the onset of this new trading week, markets are reacting to the Senate’s passing of US President Joe Biden’s $1.9 trillion fiscal stimulus package over the weekend, which the House could then sign into law in the coming days. Asian stock markets are pushing higher, with futures contracts for the Dow Jones index and the S&P 500 following suit.


Hopes for more fiscal stimulus have been a bedrock for stock market bulls since last year, though now it could feed into heightened expectations that US inflation could come back with a vengeance, thanks to the trillions that the US... Read More (https://www.forextime.com/market-analysis/key-events-week-us-inflation-still-all-rage) Open / Comment