The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bullish flag formation in play after the initial rally from August 25th.
Gold bulls reign supreme after conquering $2000 level
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation around the Fed’s tightening cycle nearing an end.
Dollar downside halted as China Covid concerns deepen
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less hawkish than recent chatter.
A sense of deep unease rippled through financial markets on Tuesday as concerns over the global growth outlook and geopolitical threats left investors on edge.
The last six days have been a choppy affair for the NQ100_m with prices trading in a downward-sloping range on the daily charts. However, we see a bul...
Nasdaq 100
SMA
EMA
Federal Reserve
tech stocks
Technical Analysis
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation arou...
The risk-off mood from the new surge in Covid infections in China saw a bid in the greenback. This offset the Fed speakers on the wires who were less ...
US Dollar
DXY
Covid-19
China
safe haven
Federal Reserve
rate hikes
inflation
Fed speak
FOMC
Crude Oil
OPEC+
Recession
A sense of deep unease rippled through financial markets on Tuesday as concerns over the global growth outlook and geopolitical threats left investors...
Federal Reserve
inflation
GBPUSD
Gold
Treasury yields