NASDAQ continued to plunge yesterday despite rallying in the short-term after the first Omicor case was reported in the US. The index is down 2% in today’s session and looks poised to break the 38% Fibonacci at 15865.
With risk flows decimated Aussie hit a 7-month low against the dollar but has bounced off 0.7060 momentarily for what seems to be a relief rally. Will the 0.71 support hold after the embarrassing GDP figures overnight?
Commodities weren’t excluded being the risk assert they are, with NaturalGas also reaching a multimonth low at $4.10. Since the $4.32 acts as a resistance, the next level of support is lower down at $3.92, by the 50% Fibonacci.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
The Daily Markets Watch: NASDAQ, AUDUSD & NGAS (02.12.21)
NASDAQ continued to plunge yesterday despite rallying in the short-term after the first Omicor case was reported in the US. The index is down 2% in today’s session and looks poised to break the 38% Fibonacci at 15865.
With risk flows decimated Aussie hit a 7-month low against the dollar but has bounced off 0.7060 momentarily for what seems to be a relief rally. Will the 0.71 support hold after the embarrassing GDP figures overnight?
Commodities weren’t excluded being the risk assert they are, with NaturalGas also reaching a multimonth low at $4.10. Since the $4.32 acts as a resistance, the next level of support is lower down at $3.92, by the 50% Fibonacci.
Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.
Open account
Latest Posts
Amega launches a brand new client area… and the crowd goes wild!
16 November 2023Amega reduces spreads up to 50%
25 September 2023Amega is going to the Traders Fair South Africa, 2023
14 September 2023Copycats: How social trading is changing the game.
18 July 2023BRENT 14.07.2023
14 July 2023Categories
Tags