NASDAQ Point a 3% Decline
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Ichimoku Kinko Hyo
CHF/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAU/USD: Gold is traded below the 50% retracement area with sellers gaining control.
US Market View
U.S. stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic forced a rethink on the outlook for earnings growth in the years ahead. Fed is forecasting 2.0% inflation in 2023 and 4.0% unemployment and saying rates will stay at 0% that year.
US Key Point
- US major stock indices open lower but off lowest premarket levels
- AUDUSD shows some risk off downside pressure ahead of stock opening