Nasdaq analysis: Stocks rebound to test key resistance ahead of big events
June 8, 2023 04:39 PM
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New Nasdaq bull market when rates peak?
Wall Street continues to be generally cautious ahead of next week’s Federal Reserve meeting after a slow week for economic data. A June pause and possible July hike in rates is baked into market expectations. Some commentators are calling for a new bull market in stocks, led by the Nasdaq 100, with good news today from Tesla and Netflix.
Earnings This Week: Oracle, Adobe and Ashtead
Find out what to expect from this week's earnings calendar.
Purchasing power parity: definition, formula and uses
Purchasing power parity (PPP) measures the cost of identical goods in different countries. It’s often compared against the exchange rate of different currencies to determine the real purchasing power of different countries’ currencies. Traders and economists use PPP to help gauge a currency’s value in relation to another.
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Earnings This Week: Oracle, Adobe and Ashtead
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Reddit stocks: what meme stocks are trending?
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S&P 500 analysis: Tesla stock pops as automakers join charging network
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FTSE 100 analysis: UK stocks muted in wake of US gains, mild China CPI
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Nasdaq analysis: Stocks rebound to test key resistance ahead of big events
June 8, 2023 04:39 PM
Reddit stocks: what meme stocks are trending?
Reddit has become a hub for social-media driven traders and investors that have proven their ability to move the markets, injecting huge volatility into stocks like GameStop and AMC. But what stocks are grabbing attention on Reddit today?
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Equities trading: definition, examples and how to trade
Equities trading is the buying and selling of company shares. There are a few ways you can trade equities, let’s take a look at each below.
S&P 500 analysis: Tesla stock pops as automakers join charging network
Tesla is set to rise for an 11th consecutive session and is trading at an 8-month high.
FTSE 100 analysis: UK stocks muted in wake of US gains, mild China CPI
Network International is set to be taken over, Croda International plunges after warning profits will fall and Hammerson gets a double-upgrade.
How to use the money flow index to analyse markets
The money flow indicator (MFI) measures the price movement and volume of trades for a security over a given period. Learn how to integrate the MFI into your trading strategy and how it compares to other oscillators here.
Australian dollar analysis: Will AUD/USD break 0.6710 resistance?
AUD/USD has shrugged off the somber mid-week data, focusing instead on the surprise RBA rate hike as the most important driver for the pair...
Nasdaq 100 moves higher as rate hike fears diminish
The Nasdaq 100 resumed its upward trend after recent pullbacks Wall Street worries about Fed rate hikes are moderating, and were reinforced by this morning’s rise in first-time jobless claims. If we see a pause in US rate hikes no one will be surprised, and market’s would be unlikely to react. On the other hand, a rate hike would be a negative surprise. China cut interest rates on domestic deposits – 1-year deposits to 1.65%, 2-year rate falling to 2.05% – to encourage spending in the local economy, struggling to grow, and the yuan drifted lower versus the dollar.
Nasdaq analysis: Stocks rebound to test key resistance ahead of big events
Our Nasdaq analysis shows the index is testing a major resistance zone, which should not be taken lightly, as we are heading into a key macro event next week.
FTSE 100 analysis: Are UK stocks undervalued?
The FTSE 100 has underperformed in 2023. We take a look at why and examine whether UK stocks are undervalued.
EUR/USD outlook: US jobless claims jump but bigger risks next week
The dollar came under renewed pressure after Jobless Claims jumped, which further improved the short-term EUR/USD outlook. But clearly, the bigger risk events are taking placing in the week ahead.
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