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Nasdaq 100 Forecast: QQQ rises as chip stocks rebound, Netflix earnings in focus
US stocks are inching higher after recent losses as chip stocks rebound following impressive earnings from TSMC and despite jobless claims coming in stronger than expected. TSMC is considered a bellwether for chip stocks, so the upbeat earnings have helped the sector, which had fallen in recent weeks. Attention is now turning to Netflix earnings after the closing bell.
Nasdaq 100 Forecast: QQQ inches higher ahead of Fed speakers
US stocks are inching higher with corporate updates in focus, and after US Fed Chair Powell dampened rate cut expectations. More Fed officials will speak today, and more hawkish commentary could impact sentiment. The market is currently pricing in a 40% probability of a July rate cut. United Airlines flies higher after encouraging results.
Nasdaq 100, S&P 500 and DAX analysis: Technical Tuesday - April 16, 2024
The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.
Dow Jones, Nasdaq forecast: Key levels for US indices
The recent underperformance of the Dow Jones has not come without warning, as asset managers have been reducing their net-long exposure for several weeks now. Yet the Nasdaq remains above 18k, which means it may be better suited for bulls should sentiment improve and leave the Dow Jones for bears to consider fading into, should prices rebound.
Nasdaq’s bullish signal may deliver upside for the Nikkei 225
While the Nasdaq 100 has broken its 2024 uptrend, traders continue to buy the dip, generating a bullish signal on Thursday. That points to possible upside not only for US tech but also Japan’s Nikkei 225.
Nasdaq 100 Forecast: QQQ muted as bond yields rise
US stocks are pointing to a quiet start after losses last week and as US treasury yields rise. Strong US jobs data and manufacturing reports from last week have seen the market rein in Fed rate cut expectations. The market is now pricing in just a 49% probability of rate cut in June, down from 58% a week ago. There is no major data release today. Looking ahead of CPI and the FOMC minutes will be in focus.
Nasdaq Forecast: QQQ rises despite the strong NFP report
US stocks are set to open higher despite rising treasury yields after a stronger-than-expected NFP report. 303K jobs were added in March, smashing forecasts of 200k and raising questions over whether the Fed will be able to cut interest rates three times this year. The market is now fully pricing in the first rate cut in September rather than July. Oil is set to rise 4% across the week amid rising geopolitical tensions in the Middle East.
Nasdaq Forecast: QQQ stocks fall after stronger ADP payrolls & ahead of Powell's speech
US d=stocks point to a softer open after data highlights the resilience of the US economy. ADP payrolls rose 180k, up from 140k and ahead of forecasts. The data came after factory orders and JOLTS job openings, which were also stronger than anticipated. The persistent strength of the economy raises questions over whether the Fed can cut rares three times this year. Fed Chair Jerome Powell will speak shortly.
Nasdaq Forecast: QQQ rises, boosted by chipmakers
US stocks are set to open higher, boosted by chipmakers, and as investors weigh up diverging Fed views over the scale of rate cuts this year. While Raphael Bostic sees just one rate cut this year, Austan Goolsbee sees three rate cuts in 2024, The spotlight will be on US core PCE data on Friday, which could provide more clues over the Fed's future path for rate cuts. Today, US durable goods orders rose more than expected.
Nasdaq 100, ASX 200 weekly forecast: Record highs right there but will traders boost bullish bets?
Two very different indices, two similar trading setups. Will traders be willing to continue chasing record highs next week? The unconvincing price action to end the week warns of downside risks.
Nasdaq 100 Forecast: QQQ rises on Google, Apple AI chatter
US stocks are pointing to a stronger open, with tech stocks outperforming. Reports that Alphabet's Google and Apple are in talks to include Google's AI Gemini feature in iPhones has boosted the mood. Nvidia's annual developers conference will also kick off today. While tech news is lifting the mood, attention is also on the Federal Reserve interest rate decision on Wednesday, where the Fed could adopt a more hawkish stance given the sticky nature of inflation.
GBP/USD hints at sentiment extreme ahead of BOE, FOMC: COT report
With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.
NASDAQ 100 Forecast: QQQ muted ahead of more data tomorrow
US stocks point to a muted start after yesterday's rally. Investors have shrugged off hotter-than-forecast inflation and remain firm that the Fed will cut rates in the June meeting. US economic data is in short supply today. Attention will be on retail sales and producer prices later in the week. Oil prices pop on an upbeat demand outlook from OPEC.
Nasdaq 100 Dow Jones Dax Forecast ECB Powell testifying will keep rate cut expectations in focus
Last week saw the Nasdaq 100, Dow Jones & DAX reach record highs amid cooling inflation and AI optimism. The ECB rate decision and Federal Reserve Chair Jerome Powell testifying before Congress means rate cut expectations will remain front and central next week.
NASDAQ100 Forecast :QQQ inches higher after a record close
The Nasdaq 100 is inching higher after a record close yesterday on AI enthusiasm and optimism that the Federal Reserve will start to cut interest rates in June. Investors continue to digest yesterday's cooling inflation data and look ahead to US ISM manufacturing PMI. Dell jumps 23% after impressive earnings, and oil is set to rise across the week,
NZD/USD tumbles as the RBNZ defies hawks, release doves
It's been a volatile 30-mins for NZD pairs after the RBNZ held rates and provided a dovish tilt to their statement, which has seen a broad selloff.
Nasdaq 100 Forecast :QQQ remains close to its record high with US data in focus
US stocks point to a quiet start as US economic data releases start to ramp up ahead of Thursday's inflation print. Today, US durable goods orders fell -6.1% MoM, more than the -4.5% forecast. The market has barely reacted. US data has broadly been encouraging, highlighting the resilience of the US economy even with interest rates at a 22-year high. Attention now turns to US consumer confidence figures.
Nasdaq analysis: Nvidia-fuelled tech rally pauses, but what now?
Nvidia topped $2 trillion valuation in first for chipmakers, but rally lost steam Friday. Magnificent 7 stocks’ charts point to caution as we look ahead to the new week. The Nasdaq chart point to bullish caution.
Nasdaq 100 Forecast :QQQ hovers around record highs in a quiet start
After soaring in the previous session, US stocks are pointing to a quiet open. Stocks surged to record highs yesterday, inspired by AI chip designer Nvidia's results and outlook. Today the US economic calendar is quiet. Some attention could go to Fed governor Christopher Waller's comments after he pushed back on the need for immediate rate cuts. The USD is set to fall this week - the first weekly decline in 2024.
Nasdaq 100 Forecast: QQQ slips ahead of FOMC minutes, Nvidia earnings
US stocks are heading for a weaker open as investors look cautiously ahead to the release of the minutes to the January FOMC meeting and to Nvidia earnings after the close. Investors will be looking to see whether the minutes push back on rate be expectations and whether Nvidia, the AI chipmaking giant can live up to the hype surrounding its stock and a future with AI.
USD/JPY forecast: 151 seems plausible, 152 may be a stretch
USD/JPY is clinging to 150 despite the weaker US dollar on Tuesday, as there seems little reason for traders to bid the yen. And unless we receive a compelling reason to buy then yen via a surprisingly hawkish BOJ or broad risk-off environment, it becomes difficult to construct an overly bearish case for USD/JPY whilst the Fed remain quiet about rate cuts.
USD/JPY forms bull flag above 150, Nasdaq ‘rebound’ tied to yields
The Nasdaq may have risen on Wednesday, but it appears driven by a pullback in yields. And if yields rally from a key level of support, it could propel USD/JPY higher and weigh on the Nasdaq.
Nasdaq analysis: What now after CPI-related sell-off?
Nasdaq analysis: risk of correction is increasing day by day, but after the CPI-related dump, markets have bounced back. Nasdaq technical analysis shows bullish trend held but could it break soon?