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NASDAQ Point a 3% Decline

NASDAQ Point a 3% Decline

Information is not investment advice

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Ichimoku Kinko Hyo

CHF/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.

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Fibonacci Levels

 XAU/USD: Gold is traded below the 50% retracement area with sellers gaining control.

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US Market View

U.S. stock markets tumbled at the opening on Thursday as the Federal Reserve's warnings about a slow recovery from the pandemic forced a rethink on the outlook for earnings growth in the years ahead. Fed is forecasting 2.0% inflation in 2023 and 4.0% unemployment and saying rates will stay at 0% that year.

 

US Key Point

  • US major stock indices open lower but off lowest premarket levels
  • AUDUSD shows some risk off downside pressure ahead of stock opening

 

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