Forecasts & Analysis
AUD/USD Forex Technical Analysis – Trader Reaction to .7664 Pivot Sets the Short-Term Tone
The Aussie is currently trading between a pair of 50% levels at .7579 and .7664. Holding inside this zone will indicate investor indecision.
U.S. Dollar Index (DX) Futures Technical Analysis – Resistance at 91.640 – 91.710 Potential Upside Target
With the main trend up, the early price action suggests the direction of the index will be determined by trader reaction to 91.165.
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Sellers Targeting 13155.75 to 13054.75
The formation of the closing price reversal top and the confirmation of the potentially bearish chart pattern could lead to a short-term correction.
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Rally May Have Stalled at 30738
The early price action suggests the direction of the market on Thursday is likely to be determined by trader reaction to 30563.
E-mini S&P 500 Index (ES) Futures Technical Analysis – Nearest Support Cluster 3759.25 to 3749.75
The index appears to be vulnerable to a steep correction into the support cluster at 3759.25 to 3749.75.
Chipmaker Qualcomm’s Shares Slump as Supply Constraint Hurts Sales Growth
The world’s biggest mobile phone chipmaker Qualcomm’s shares slumped as much as 8.4% in extended trading on Wednesday after the company warned that the global semiconductor industry is struggling hard to keep up with demand due to supply chain constraints.
EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – February 4th, 2021
It’s a mixed start to the day for the majors. Failure to revisit early highs would bring support levels into play.
European Equities: Economic Data, the ECB’s Economic Bulletin, and Capitol Hill in Focus
It’s a quieter day on the economic calendar. The ECB Economic Bulletin and U.S stats will influence along with chatter from Capitol Hill.