Indices were under further pressure as Donald Trump heads to Davos.
With the S&P shedding hundreds of points, will the sell-off continue as prices fall away from record highs?
Timestamps
S&P500 00:30
NSDQ 01:45
Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.
WTI oil futures gain positive momentum above short-term SMAs. Next challenge could occur within the $71.90-$72.50 area. WTI oil futures are poised for a bullish start to the new year, having cemented the base around the $66.70 level, which successfully halted selling pressure for the fourth time in December. More recently, prices have climbed above…
The brokerage company NordFX has released the performance results of its clients’ trading activities for July 2024. The evaluation also covered the social trading services, PAMM and CopyTrading, as well as the profits earned by the company’s IB partners. ● The highest profit in July was achieved by a trader from East Asia, account…
By Kent Jones, Babson College The U.S. Supreme Court is currently reviewing a case to determine whether President Donald Trump’s global tariffs are legal. Until recently, tariffs rarely made headlines. Yet today, they play a major role in U.S. economic policy, affecting the prices of everything from groceries to autos to holiday gifts, as well…
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DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near…
Is Netflix about to continue its bullish climb, or are the bears preparing for a pullback? With NFLX earnings right around the corner, we’re now approaching key technical levels that could set the stage for the next move. Here’s a closer look at the current setup. Netflix (NFLX): 4-hour NFLX: 4-hour Chart by TradingView Remember…