ForexTime

2021-03-23 06:57:48 The Nasdaq 100 minis are straining towards their 50-day simple moving average (SMA), with the benchmark index proper having gained 1.71% on Monday.



It was a healthy start to the week for tech stocks, with 90 of the Nasdaq 100 constituents advancing for the day, including the likes of:


Intel: +2.93%
Apple: +2.83%
Nvidia: +2.65%
Adobe: +2.47%
Microsoft: +2.45%


Such gains helped to restore the tech-heavy index’s year-to-date performance into positive territory, now up 1.54% for the period. Up until last week, the Nasdaq 100 had found its advances gathered so far in 2021... Read More (https://www.forextime.com/market-analysis/nasdaq-eyes-treasury-yields-testimonies-big-tech-ceos-week) Open / Comment

2021-03-23 06:57:48 Open / Comment

2021-03-23 06:57:48 Nasdaq eyes Treasury yields, testimonies of Big Tech CEOs this week
https://www.forextime.com/market-analysis/nasdaq-eyes-treasury-yields-testimonies-big-tech-ceos-week Open / Comment

2021-03-22 21:27:12 Everyone was talking about the Turkish lira today.



The emerging-market currency bled profusely after President Recep Tayyip Erdogan sacked the country’s central bank chief on Saturday…two days after interest rates were hiked by 200 basis points.



It tumbled as much as 14% against the dollar and was battered by G10, Asian and Emerging market currencies.



This bombshell development may hit the central bank’s credibility, raise more questions around independence and fuel uncertainty – ultimately spelling more pain for the Lira. I guess the technicals feel the... Read More (https://www.forextime.com/market-analysis/technical-outlook-trend-your-friend) Open / Comment

2021-03-22 21:27:12 Open / Comment

2021-03-22 11:23:06 Turkey has returned to financial market headlines following President Erdogan’s decision to fire the country’s hawkish central bank head on Saturday. The Turkish Lira tumbled 14% against the dollar as trading kicked off in Asia to become one of the worst performing emerging market currencies against the greenback this year. The reverberations were felt in Asian markets, particularly in Japan where the Nikkei 225 fell 2%. While there should not be a strong link between the Turkish Lira and Japanese equity markets, it is believed that retail traders in Japan hold significant leveraged long... Read More (https://www.forextime.com/market-analysis/turkish-lira-plunge-felt-japan) Open / Comment

2021-03-22 11:23:06 Open / Comment

2021-03-22 11:23:05 Turkish Lira plunge felt in Japan
https://www.forextime.com/market-analysis/turkish-lira-plunge-felt-japan Open / Comment

2021-03-22 05:56:54 Over the past two weeks, global investors have been gripped by key central bank policy meetings. Markets have been hungry for clues about how the US Federal Reserve, the European Central Bank, the Bank of England and the Bank of Japan, intend to adjust their respective policies.

These major central banks have been buying up billions of dollars’ worth of bonds, and even ETFs, to support their respective financial markets. Given the forward-looking nature of the markets, investors are already trying to pre-empt when these policymakers would pare back those bond purchases, and such shifting... Read More (https://www.forextime.com/market-analysis/key-events-week-central-bank-watch-continues) Open / Comment

2021-03-22 05:56:54 Open / Comment