ForexTime

2021-02-24 06:40:50 Open / Comment

2021-02-24 06:40:50 ‘Buy the dip’ sees US stocks bounce off key moving averages
https://www.forextime.com/market-analysis/buy-dip-sees-us-stocks-bounce-key-moving-averages Open / Comment

2021-02-23 20:51:25 US stocks have opened in the red again today, the sixth straight day of losses which has not been seen on the Nasdaq since this time last year. The selloff in US tech stocks is dragging the broader indices lower as there is increasing concern that rising borrowing costs will derail the historic surge in the prices of fast-growing companies. Is this the beginning of a long overdue correction? Let’s all not forget the tech-laden index is still up 40% over the past twelve months.


That said, there are some notable decliners including Apple (-6%) and Tesla (-12%) which have fallen through or... Read More (https://www.forextime.com/market-analysis/tech-led-selloff-accelerates) Open / Comment

2021-02-23 20:51:25 Tech-led selloff accelerates
https://www.forextime.com/market-analysis/tech-led-selloff-accelerates Open / Comment

2021-02-23 13:03:24 Nobody likes getting up on the wrong side of the bed.

Yet this has been the Dollar’s reality over the past few days as investors attacked the currency at any given opportunity.




The inverse head and shoulder pattern back in January initially boosted hopes of the dollar rebounding back to glory. However, the great “reflation trade” and Fed’s ultra-accommodative monetary policy simply threw a proverbial wrench in the works for bulls.




As the string of good news on the vaccine front elevates global sentiment and reinvigorates risk appetite, this could be bad news for the safe... Read More (https://www.forextime.com/market-analysis/technical-outlook-dollar-index-depressed-around-90) Open / Comment

2021-02-23 13:03:23 Open / Comment

2021-02-23 13:03:23 Technical Outlook: Dollar Index depressed around 90
https://www.forextime.com/market-analysis/technical-outlook-dollar-index-depressed-around-90 Open / Comment

2021-02-23 05:14:36 The Nasdaq 100 has just recorded its longest losing streak since October, having declined for 5 consecutive days. The tech-heavy index fell 2.63 percent to commence the trading week on a weaker note, in contrast to the Dow Jones index, which inched up 0.09% on Monday.

The Nasdaq 100’s year-to-date climb has also slid below the gains seen in the Dow and the S&P 500 so far in 2021:


Dow Jones: +3.72%
S&P 500: +3.45%
Nasdaq 100: +2.36%




To be clear, the upward trend for the Nasdaq 100 remains intact, even as it looks destined to test its 50-day simple moving... Read More (https://www.forextime.com/market-analysis/why-are-tech-stocks-falling) Open / Comment

2021-02-23 05:14:35 Open / Comment

2021-02-23 05:14:35 Why are tech stocks falling?
https://www.forextime.com/market-analysis/why-are-tech-stocks-falling Open / Comment