Technology stocks and the Nasdaq 100 nosedived Tuesday as the Dow Jones and industrial-facing stocks inched higher. The disjointed price action reawakened discussion around a popular macro trade.
JPY Q2 2021 Fundamental Forecast 2021-04-04 15:30:00 Daniel Dubrovsky, Strategist
Japanese Yen Fundamental Outlook: Is It Really all Gloom and Doom?
Japanese Yen First Quarter Recap – Dominant Downtrend Accelerated
As anticipated, the Japanese Yen started off the new year on a sour note. Taking a look at a majors-based index on the chart below, JPY weakened as much as 6 percent before cautiously stabilizing towards the tail end of March. The anti-risk currency remained fairly depressed despite some emergence of global stock market volatility, especially from the technology sector. This could spell some trouble for the Yen as traders further settle into 2021.
NZD/USD, AUD/NZD In Focus as Inflation-Induced Moves Spur Rotation Within Equities dailyfx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyfx.com Daily Mail and Mail on Sunday newspapers.
Nasdaq 100 Weighed Down by Tax Hike Fears as Biden Unveils Relief Plan 2021-01-15 07:30:00 Daniel Moss, Analyst
Nasdaq 100 Index, Biden Stimulus Plan, Rising Yields, Rotation Trade, Corporate Tax – Talking Points:
Equity markets traded cautiously lower during APAC trade as investors digested US fiscal aid plans.
Rising bond yields and tax hike fears may weigh on US equity markets in the near term.
Nasdaq 100 index at risk of further losses as prices begin to probe key uptrend support. Advertisement
Asia-Pacific Recap
Equity markets traded cautiously lower during Asia-Pacific trade as investors digest President-elect Joe Biden’s proposed $1.9 trillion stimulus package and how it ultimately passes through the Senate. Australia’s ASX 200 index remained unchanged on the day while Japan’s Nikkei 225 slipped 0.62%.