Foundational Trading Knowledge Macro Fundamentals Recommended by Jun Rong Yeap Market Recap Market participants piled back into tech stocks overnight, as a retreat in the US 10-year Treasury yields from its 16-year high eases some market anxiety for a high-for-longer rate outlook. Downside surprises in US flash purchasing managers index (PMI) numbers have reflected a

Market Recap Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Market sentiments continue to reel in from the hawkish takeaway in the recent FOMC minutes, with the reckoning for rates to be kept high for longer pushing US Treasury yields to

Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, Dow Jones, Nikkei 225 Analysis and Charts Nasdaq 100 at one-month low The pullback continues here, with no sign of a low being formed as yet. Having fallen below support at 14,920, the price now targets the June low at 14,688. So far this retracement

Article by IG Chief Market Analyst Chris Beauchamp Nasdaq 100, S&P 500, Nikkei 225 Charts and Analysis Nasdaq 100 back to 50-day SMA The index has pushed steadily lower in August so far, continuing the weak theme from the end of July.It has managed to stabilise around the 50-day SMA for the time being, though

Japanese Yen, USD/JPY, US Dollar, Fitch, Nikkei, BoJ, BoE, Crude Oil, WTI – Talking Points Japanese Yen support wilted along with JGBs after US Dollar resumed rallying The markets are reappraising positioning with Treasury yields climbing again Risk assets remain under pressure. If that continues, will USD/JPY break 145? Trade Smarter – Sign up for

Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight (DJIA -0.98%; S&P 500 -1.38%; Nasdaq -2.17%), with overbought technical conditions and “extreme greed” sentiments (Fear & Greed Index) potentially exacerbating the profit-taking. Treasury yields largely held firm, with the 10-year yields back above its key 4% level to touch

Article by IG Chief Market Analyst Chris Beauchamp DAX, Dow Jones, Nikkei Analysis and Charts Dax surges to new intraday high The index was given fresh strength by a dovish ECB meeting yesterday. European indices enjoyed a solid session, which may well have given them the strength to move higher over the medium term. It

Market Recap Recommended by Jun Rong Yeap Get Your Free Equities Forecast Initial gains in Wall Street took a turn overnight, as a jump in Treasury yields kept the pressure on risk sentiments. Particularly, the 10-year Treasury yields saw a jump of 13 basis-point (bp) to reclaim its key 4% level, while the US two-year

Share: GBP/JPY sells-off on BoJ sentiment ahead of Friday’s meeting. GBP/JPY drops into a potentially strong area of support in the 177.70/90s as per the hourly structure. Bears also eye the Point of Control near 177.00 and then a swing support area at 176.50. GBP/JPY collapses on a strong hint from Nikkei news





