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Weekly Forecast – NASDAQ 100 Index, S&P 500 Index, Bitcoin, GBP/USD, USD/JPY, NZD/JPY, Cocoa

From dailyforex.com

Last week saw even lower directional volatility in the Forex market, with no significant currency pairs or crosses fluctuating by more than 1%. There was important action in US stock markets. Last week again saw new all-time high prices reached by the benchmark S&P 500 Index, the Nasdaq 100 Index, and the Dow Jones 30 Index. However, this happened early in the week before a later selloff happened, which tech stocks in particular ended the week notably lower. This rise in stock markets occurred despite the CME’s FedWatch tool showing strongly lowering expectations of a March rate cut by the Federal Reserve. ... (full story)

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  • Category: Technical Analysis