EUR/USD 1.16874
-0.109%
Gold 3356.20
0.972%
Oil 67.491
2.447%
USD/JPY 147.368
0.758%
GBP/USD 1.34968
-0.596%
GBP/JPY 198.904
0.188%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
European Council President: The EU remains fully supportive of efforts to reach a fair agreement with the United States.July 12, Mathieu Savary, chief European strategist at BCA RESEARCH: Trumps strategy is to make outrageous demands, then let them fall through, and then once again try to win some last-minute concessions and then reach a trade deal. We remember a framework during Trumps first presidency, and thats whats happening now. It doesnt matter what is said now; what matters is where we will land. It is expected that the EU will eventually "have to accept a 10% tariff, but this is something the EU can actually deal with.The German Industry Association: The trade conflict between the EU and the US damages economic recovery and international trust. It calls on Germany, the EU and the US to seek a solution as soon as possible to avoid escalation.EU spokesperson: The United States notified the EU in advance of a letter regarding the imposition of a 30% tariff on EU goods from August 1.The Dutch Prime Minister said that the US announcement of a 30% tariff on goods imported from the European Union is worrying and is not the right direction for the future.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Megacap Growth Stocks Post Impressive Gains

Jimmy Khan

May 18, 2022 10:23

微信截图_20220518101442.png


As the tech-heavy index seeks to rebound from its bear market, June E-mini NASDAQ-100 Index futures are trading higher just before the cash market close on Tuesday.


Semiconductor stocks are among the most successful. Advanced Micro Devices shares soared more than 8% after Piper Sandler upgraded the company, saying it looked appealing after plunging 34.5 percent this year. The stock price of Nvidia increased by 5%, Qualcomm increased by 4%, and Micron Technology increased by almost 6%.


June E-mini NASDAQ 100 Index futures are trading at 12541.00, up 296.25 or +2.42 percent, at 19:55 GMT. The Invesco QQQ Trust ETF (QQQ) is now trading at $306.00, up $7.56 (2.53%).


Other top performers were Microsoft Corp, Apple Inc, and Tesla Inc, which all climbed between 1.5 and 4.8 percent, giving the NASDAQ Composite the highest lift.


Retail sales figures came in roughly as predicted in economic news. According to the US Census Bureau, retail expenditure increased by 0.9 percent in April. In April, non-auto retail sales increased by 0.6 percent.

Technical Analysis of the Daily Swing Chart

According to the daily swing chart, the major trend is down. However, momentum is increasing. A move through 13555.25 will alter the major trend to up, while a move through 11689.00 would imply the downtrend will resume.


When buyers wiped out the previous minor high at 12553.25, the minor trend turned up. This moved the market's momentum upward.


13555.25 to 11689.00 is the minor range. The initial upside objective is the pivot at 12622.25.


14298.00 to 11689.00 is the short-term range. The next aim is the retracement zone from 12993.50 to 13301.50.

Suggestion