IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 83.31%, while traders in AUD/JPY are...Financial markets may see renewed volatility next week on the back of some notable US economic data releases. While CB consumer confidence, durable goods, and Michigan consumer confidence are potential market movers, Wednesday’s final US Q1release are next week’s heavy hitters. The latter has recently stalled around 2.
Gold remains in a multi-week sideways range, pushing back towards resistance despite a stronger US dollar. The precious metal is back above all three simple moving averages and looks set to test $2,400/oz. next week.The Nasdaq 100 and S&P 500 have been posting fresh highs on a regular basis, powered by tech giants including Nvidia, Apple, and Microsoft. These three companies alone account for roughly 26% of the Nasdaq’s market capitalization and 21% of the S&P 500.
We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DailyFX - 🏆 305. / 63 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: DailyFX - 🏆 305. / 63 Read more »