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Forex Today: NASDAQ 100 bulls hit new 22-month high

Forex Today: NASDAQ 100 bulls hit new 22-month high

Bullish US stock markets yesterday saw the tech-focused NASDAQ 100 index trading at a new 22-month high.

➡️ Stock markets are quite bullish, especially the main US indices. The NASDAQ 100 Index stands out for continuing to print bullish price action after reaching a new 22-month high price yesterday. Trend and day traders will be interested in getting involved on the Long side, with bulls getting a tailwind from the lower-than-expected US inflation data recently.

➡️ In the Forex market, the New Zealand dollar is the strongest major currency in the short term, while the US dollar is the weakest, focusing the NZD/USD currency pair.

➡️ They continues to trade bullishly near $2,000 an ounce and threatens to soon hit a new 6-month high above $2,010.

➡️ Crude oil is trading lower as OPEC is forced to postpone its next meeting from this weekend to November 30, as U.S. crude inventories rise to the highest level since July.

➡️ US Jobless Claims and UoM Consumer Sentiment Review were released yesterday, both largely in line with expectations.  

➡️ Flash PMI manufacturing and services data for Germany, Great Britain and France will be published today.

➡️ Today is a public holiday in Japan and the United States (Thanksgiving).

 

Credit by DailyForex.com

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