Nasdaq 100 Recovers from 5% Decline to Finish in Positive Territory
The Nasdaq 100 undertook one of the largest intraday rallies in history, recovering from being down 5% on the session to close in the green.
The Nasdaq 100 undertook one of the largest intraday rallies in history, recovering from being down 5% on the session to close in the green.
After a 4% plunge, the S&P 500 stages a solid comeback and storms back into positive territory as dip buyers swoop in to scoop up beaten down stocks ahead of the FOMC rate decision.
The BoC rate decision may do little to derail the recent advance in USD/CAD if the central bank continues to endorse a wait-and-see approach for monetary policy.
The final week of January sees an economic calendar supersaturated with ‘high’ rated event risk.
New-to-markets retail traders will only continue to bring even less predictability to traditional traders’ expectations as we continue to expand the democratization of global financial markets.
Gold prices climb higher as risk appetite soured. With the Fed meeting on this week’s agenda, XAU/USD prices may remain supported by fundamentals
U.S. PMI January reported, growth slows to an 18-month low.
The New Zealand Dollar weakened versus the US Dollar overnight as a bearish session on Wall Street prompted increased haven flows. Asia-Pacific trading is likely to see this risk-off move bleed over.
Global stock markets continue to fall, hit hard by fears of excessive Fed hawkishness and the buildup of Russian troops on the Ukraine border.
USD longs drop by 1/3, traders bullish CAD into BoC risk, GBP short squeeze out of juice