Duration anticipated for Nasdaq 100 maintaining its yearly minimum levels?
The Nasdaq Composite Index reached new record closing highs on Tuesday, climbing 207.65 points or 0.9% to stand at approximately 22,348.75 points. This surge was driven by positive trade talks between the US and China, as well as expectations of a Federal Reserve interest rate cut soon. Max Wienke, analyst at broker XTB Germany, will provide a video analysis of the Nasdaq's performance.
Meanwhile, Bitcoin is attempting to break the 20,000 USD barrier, showing signs of a potential recovery. In contrast, both the gold and oil markets are in a downtrend, reflecting a shift in investor sentiment.
The Dow Jones, however, has experienced a setback, reaching a new yearly low. On a more positive note, the EURUSD pair is initiating a counter-reaction after a recent sell-off, while the GBPUSD is recovering from a crash in the past trading days.
The German benchmark index is undergoing a retest at the start of the new trading week. Users are encouraged to share their thoughts and insights on these market developments in the commenting feature available below this article.
Stay tuned for more updates as we continue to monitor the global financial markets.
