Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts Dow rally sees slower going The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.Further gains continue to target the summer 2023 highs above 35,600, while beyond
Gold is at the highs of the week in a quick $6 move higher to just below $2000. It’s been largely a one-way trade since the Hamas attacks on October 7. Gold daily Oil is also at the highs of the day in a rise above $85, paring much of the weekly loss. The market
NZD/USD has popped a few points in the early hours here on Monday with only New Zealand markets underway: The marking higher of the kiwi $ is a market dynamics move rather than an important shift in fundamentals. If you think the new government will solve all the problems the NZ economy is facing and
AUD/USD daily chart The pair is now up 0.1% to 0.6430 and well off the earlier lows of 0.6365 today. It comes alongside a bounce in the Chinese yuan, after this particular headline here. The offshore yuan has strengthened from 7.34 to 7.30 against the dollar and that is helping with sentiment in the aussie.
S&P 500 futures Things are starting to turn in the equities space now as the selling since the turn of the month continues to stay the course. The turnaround and late dip in Wall Street yesterday certainly did break a lot of the confidence after the US CPI report and we are seeing the nerves
