Nasdaq 100 Market Brief: Tech Rally Snaps as Yields Bite
The Nasdaq 100’s rally lost momentum as tech sentiment cooled and macro pressure returned, leaving traders to weigh whether the recent pullback is a pause or the start of a deeper correction.
The Nasdaq 100’s rally lost momentum as tech sentiment cooled and macro pressure returned, leaving traders to weigh whether the recent pullback is a pause or the start of a deeper correction.
The EURUSD continues to slide lower after breaking below a key support zone between 1.15768 and 1.15872. That floor had held firm since May 20, with the pair finding support within the area on four separate trading days between May 20 and May 28. The decisive break below that zone shifted the technical bias more firmly in favor of…
AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day…
2026.06.05 2026.06.05 USD/CAD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3967 with a target of 1.3400–1.3065. A sell signal: the price holds below 1.3967. Stop Loss: above 1.4005, Take Profit: 1.3400–1.3065. Alternative scenario: Breakout and consolidation above the…
NFP landed squarely in the “Goldilocks” range — and the market reacted like it was a blowout. Here’s what the framework got right, what it missed, and why it matters.
Key takeaways for stock investors and swing traders OKLO was already trading below its post-earnings anchored VWAP before Friday’s sharp drop. Thursday’s rally into that VWAP area was rejected, which was a warning sign. Earnings should be judged by the stock’s price reaction, not only by EPS or revenue headlines. Anchored VWAP from the latest earnings date is one…
Standard Chartered economists Jonathan Koh and Edward Lee revise their Bangko Sentral ng Pilipinas (BSP) policy rate path, dropping expectations for a 50bps off-cycle hike before the 18 June meeting. They still project a 50bps increase in June and 25bps in August as inflation risks persist and PHP weakness raises imported inflation concerns. Policy easing is only expected from…
2026.06.05 2026.06.05 USD/CHF: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above 0.7793 with a target of 0.8220–0.8400. A buy signal: the price holds above 0.7793. Stop Loss: below 0.7755, Take Profit: 0.8220–0.8400. Alternative scenario: Breakout and consolidation below 0.7793 will allow the…
A look at the forces pushing gold lower, from the blowout jobs report and rising real yields to the dollar’s rebound, and the levels to watch next week.
Gold is under heavy selling pressure, falling $143, or 3.2%, to $4,333. The sharp decline has pushed the price below its 200-hour moving average for the first time since October 2023, a development that shifts the near-term technical bias more firmly in favor of the sellers. The move lower also broke below the 50% retracement of the rally from…