ASX 200 index managed to reverse the morning loses and has turned positive despite the losses in Wall Street on Friday.
Job Title:
Forex Analyst
Home Location:
London, United Kingdom
Education:
Finance at Golden Gate University
Expertise:
Technical Analysis · forex · Stocks · Crypto · Writing
Knows About:
Technical Analysis · forex · Stocks · Crypto · Writing
Summary:
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
PositionForex Analyst
JoinedOct 07, 2021, 13:51 BST
Articles2470
Technical analyst of forex, stock market indices and commoditiesTechnical analyst of forex, stock market indices and commodities
Skills: Technical Analysis · forex · Stocks · Crypto · Writing
Dow Jones retreat for the second straight day as investors are taking some profits off the table after a strong rally that drove the index close to record high levels.
Nasdaq plunges for the second day as the overbought tech sector continues the correction. No surprise for the correction as the big tech stocks had reached extreme valuations.
USDCAD pare some of the early loses after better than expected U.S. unemployment rate while the Canada unemployment rate came worse than the expectations
Ripple price attempts a rebound as the USD dollar is under selling pressure day and tries to reverse the gloomy technical picture formed yesterday after XRPUSD breached below the 50-day moving average
AUDUSD slide for the fourth consecutive trading day, as the risk-off sentiment returns, with investors taking profits in stocks and other risky assets after the recent rally.
Brent crude oil price continues the correction from five-month highs as the U.S. Gulf Coast refineries return to production. The stronger USD in the last two sessions
Ripple price testing for the second day the 50-day moving average and bounce, at least for now, as the correction for the number four cryptocurrency continues.
FTSE 100 continues on positive foot amid speculation for one more stimulus package and better than expected economic data from Europe and China. Optimism around the coronavirus vaccine also helps
ASX 200 index trade higher for second straight day rebounding from the monthly lows mirroring the strong rally in Wall Street. Nasdaq and S&P 500 registered fresh record highs