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Can the Nasdaq 100 set new records this week?
On March 21 the Nasdaq 100 reached a new all time record high at 18,464. However, it was unable to make further progress last week, but it did still set a record monthly close on Thursday, at 18,254. What was clear last week too, was that the record US rally broadened out beyond the tech sector. Overnight the Nasdaq 100 futures have gained though and they are rising closer to pricing that index towards its March 21 high. The price action just now suggests it is going to be a new record opening for the index later today. Of course that might change over the next few hours, but at this moment the index is priced to reopen at around 18,350
Market News
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Nasdaq 100 slides below 18,500
Well, so much for the higher opening for the Nasdaq 100 earlier this afternoon. The push back above 18,900 looks some way off now, as the index... -
Now risk aversion takes hold of the USD/JPY as US yields fall back again
Well, you were warned about the price action likely to be seen in the USD/JPY this afternoon and it sure is volatile and since the last update noted... -
US stocks slide further into the red- S+P 500 falls below 5,450
As just mentioned in the previous update, the US stock markets have turned sharply lower since opening this afternoon. Hence we now have a fresh...
