More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
Nasdaq: momentum is strongly upwards
2020-07-01 • Updated
Nasdaq may reach new highs soon. Get ready with us!
The coronavirus pandemic was devastating for service, tourism and hospitality industries. In opposite, it turned out beneficial for tech companies. The lockdown restrictions forced people to stay at home and binge-watch Netflix, order online home deliveries through Amazon and even work remotely and use cloud services and Microsoft’s Teams video-conferencing service. No wonder that tech Nasdaq gained amid the virus outbreak. The stock index hugely surpassed pre-crisis levels and set a strong upward trend.
The Nasdaq is headed towards the resistance at the all-time high at 10 270. Hopefully, the risk-on market sentiment will contribute to it. The price has been stuck between two major trend lines. So, we can assume that the stock will continue its zig-zag movement and move up further. Support levels are at the recent low at 10 125 and the 200-day moving average at 10 030. Follow further news, especially the ADP report today at 15:15 MT time. If it comes better than the forecast, the market sentiment will improve and push stocks up.
Nasdaq is traded as CFD futures contract in MT4 and MT5. You need to choose NASDAQ-20U in order to open a position.
About PayPal PayPal is an electronic commerce company that facilitates payments between parties through online transfers…
Institutional investors speak about further growth in the stock market. In the exact market that has doubled since COVID-19 and doesn’t plan to stop. Is it possible?
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates?