Nike dropped on Xinjiang cotton statements
Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
Tag - u.s.
USD is heading for the best week in three
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Time to sell Alibaba
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Key market news and trade ideas on March 25
Rising yields, potential US tax hikes, and inflation fears worry investors. As a result, the market sentiment is risk-off. Stocks are falling, while the USD and the JPY are edging higher.
US Final GDP will impact USD
The final US GDP will be out at 14:30 MT on March 25.
Outlook for FAANG
Let’s discuss the future of the well-known stocks: Amazon, Apple, Facebook, Google, and Microsoft, that form FAANG group.
US stimulus checks boost Bitcoin
Most Americans plan to invest the $1400 checks into Bitcoin and stocks!
Surging stocks and central banks' meetings on March 15-19
So many meetings are going to move the currencies!
Biden's stimulus is unveiled
“Help is here,” Biden tweeted as the House passed the much-awaited $1.9 trillion COVID-19 relief bill.
USD surged after Fed's speech. NFP is eyed
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
Fed may set new track for USD and stocks today
Fed Chair Jerome Powell will testify today at 19:05 MT time. This event is crucial for traders as the tone of the speech may set the risk tone for the markets for the next two weeks.
NFP is coming!
Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.
