Follow the latest analyses and key economic, financial, and global market news in this section. Our team reviews the most important market events daily and provides comprehensive insights for traders and enthusiasts.
The dollar is gaining, rebounding from its low point set at the last Fed meeting on 17 September. It is quite common for the dollar to rise, being the lesser evil for investors, rather than due to its own strength. The DXY gained 3% to 98.55 from its low of 95.83, set moments after the […]
The post Dollar Gains from Its Peers’ Problems appeared first on Action Forex.
The dollar is gaining, rebounding from its low point set at the last Fed meeting on 17 September. It is quite common for the dollar to rise, being the lesser evil for investors, rather than due to its own strength. The DXY gained 3% to 98.55 from its low of 95.83, set moments after the […]
The post Dollar Gains from Its Peers’ Problems appeared first on Action Forex.
A new wave of an unusual trade has been unfolding: A steep rally in Gold, coinciding with a steep rally in the US Dollar. Today’s piece will focus on the latter, but it is still an interesting subject that marks an essential functioning of markets: It’s all about what is priced in (and what is […]
The post Who Said That USD and Gold Can’t Rally Together? appeared first on Action Forex.
There is this temptation right now at central banks to run it just a bit hot because of housing struggles and that’s a poison pill.
This article was written by Adam Button at investinglive.com.
The NZDUSD moved lower after the RBNZ surprised with a 50 basis point rate cut, opting for the larger move after markets were split between expectations of 25 or 50. The initial reaction drove the pair to its lowest level since April 11, breaking beneath last month’s low at 0.5753. However, sellers were unable to force a deeper extension, with the decline stalling inside a key swing area between 0.57397 and 0.5772. Importantly, the move also held above the 61.8% retracement of the 2025 trading range at 0.57272, leaving that as an untested support target for now.
Since then, the pair has bounced, recovering back above the top of the swing area at 0.5772. For buyers to build real momentum, however, they still need to break—and hold—above the 50% midpoint of the year’s range at 0.5802. Staying below that level keeps the broader technical bias tilted in favor of the sellers.
At this stage, the NZDUSD is carving out a new defined range, with clear levels for traders to lean against. On the downside, support sits at 0.57397–0.5727, while resistance is found at 0.5802. A sustained push above resistance would frustrate sellers and shift the bias higher, while holding below keeps the focus on downside targets.
This article was written by Greg Michalowski at investinglive.com.
Sector Overview
Today’s US stock market heatmap reveals a strong performance in the Technology Sector, particularly within semiconductors. Led by market giant Nvidia (NVDA), which rose by an impressive 2.21%, there’s a notable bullish sentiment driving this part of the market. Broadcom (AVGO) also showed a solid gain of 1.45%, reinforcing investor confidence in the semiconductor space. Other semiconductor companies like Micron Technology (MU) surged by 4.61%, highlighting a widespread upward trend.
Conversely, the Consumer Defensive sector faced challenges, with major retailers such as Walmart (WMT) and Procter & Gamble (PG) declining by 0.48% and 0.97%, respectively, indicating cautious consumer spending behavior impacting these stocks.
Market Mood and Trends
The overall mood in the market today remains cautiously optimistic. The rally in semiconductors signals a rejuvenated interest in tech stocks, possibly fueled by positive forecasts and technological advancements. However, declines in consumer defensive stocks suggest that investors are wary of inflationary pressures impacting everyday spending. Furthermore, the Financial Sector presents a mixed picture. While Visa (V) ticked up by 0.59%, JPMorgan Chase (JPM) saw a slight decrease of 0.20%, illustrating investor uncertainty amid shifting economic policies.
Strategic Recommendations
Given today’s developments, investors might consider adjusting their portfolios to capitalize on the upward momentum in semiconductors while maintaining vigilance over potential volatility. Tech stocks, particularly within semiconductors, may offer lucrative investment opportunities in the coming periods. Meanwhile, exercising caution in consumer defensive stocks could be prudent until market conditions stabilize and inflation concerns are more firmly addressed. Finally, for those looking to diversify, examining prospects within the more stable segments of the financial sector could hedge against potential downturns in consumer spending-driven stocks. Keep abreast of the latest market updates by visiting InvestingLive.com for comprehensive analyses and expert insights into navigating these dynamic market conditions. 📈📉
This article was written by Itai Levitan at investinglive.com.
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