Several major global stock market indexes are advancing to new all-time highs led higher by technology stocks that have been boosted by better-than-expected corporate earnings.
➡️ The past few days have seen several major global stock indexes hit new record prices, with analysts seeing the main factor behind the recent bullish momentum as very strong corporate earnings from American technology companies. We saw new record highs in the US from the NASDAQ 100 index and the S&P 500 index. In Europe, the DAX advanced very powerfully, while in Asia the Japanese Nikkei 225 index surpassed 40,000 for the first time in absolute. Trend traders will be very interested in being long these stock indexes as they break powerfully to new highs.
➡️ Bitcoin continued to rise to reach a new 2-year high price above $64,000. Trend traders and investors will be interested here on the Long side, and this has become easier since Bitcoin ETFs were approved for sale a few weeks ago. Bitcoin is likely to reach even higher prices.
➡️ In the Forex market, the British pound has been the strongest currency since Tokyo opened today. The New Zealand dollar was the weakest. However, the numbers are so low as to be effectively meaningless. The Forex market is mostly very quiet and boring, with low and warm volatility.
➡️ WTI Crude Oil is trying to make a bullish breakout beyond a very important resistance area centered at $ 80.50.
➡️ There will be two economic data events high impact Later today:
- The governor of the Bank of Japan will give a speech.
- Swiss CPI (inflation) data.
Credit by DailyForex.com