Nasdaq 100 sees resistance into the key 20’000 mark | MarketTalk: What’s up today? | Swissquote
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- เผยแพร่เมื่อ 27 มิ.ย. 2024
- The Swiss National Bank (SNB) cut its rate by another 25bp yesterday, the franc fell and the SMI rallied. The Bank of England (BoE) kept rates unchanged but the dovish accompanying statement send sterling lower and the FTSE 100 higher. On the continental Europe, a healthy sale of French government bonds help lifting French-darkened mood.
In the US however, the softer-than-expected economic data didn’t see improved appetite from the Fed doves. The fact that the Nasdaq 100 is near an important psychological level has to do with the latest reluctance to continue buying the tech-heavy US indices at overstretched valuations.
Today, it’s the triple witching day, about $5.5 trillion index futures, options, stock options and ETFs will expire at the same time. Given that we are at psychologically crucial, irrationally high, and mathematically overstretched levels, we could see surprise turns and twists in positioning.
Watch the full episode to find out more!
0:00 Intro
0:48 Swiss National Bank cuts
2:30 BoE holds but shows a softer face
3:33 European markets rally
5:09 US rally stalls as Nasdaq approaches psychological level
8:00 FX update
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
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Brillant market overview
Thx a lot on extended Switzerland infos
Thanks, cheers 😊
Thank you Ipek.
1. Love the three witches 😀
2. Whatever happened to Peak Oil?
3. Interesting and a refreshing change (maybe they have learnt from the venerable Swiss) to see two sensible announcements from Macron and le Pen
Thank you 😊 Well, the $82pb resistance is still in play !
great stuff...thnks for updates was interesting week...seems like were heading to an inflection point or something...things are moving...but at the same time there seems to be directionlessness (i think thats a word)...as if all the narratives have played out and everyone unsure wats next..like everything is too high...but at the same time cant go much lower!!! haha sometimes easier trading short term than trying to make sense of the bigger moves! enjoy weekend!
Lol yes I also feel like the narratives have played out and now we are looking for what’s next - elections, rate cuts? Correction ?
Have a lovely weekend 😊
Thanks Cris, you too 😊
Jordan seemed very worried about the international situation.I suspect he is anticipating inflows into the CHF when something breaks , as it inevitably will ! With the Yen and the Japanese central bank seemingly lost the risk adverse cash could be horribly concentrated into the Swissy. Tks for the update.
Yes and he said he would not hesitate to intervene but on the other hand, this situation - the strong pressure on franc - kind of guarantees that inflation will remain under control. Heaven.
@@ipekozkardeskaya1383 this explains the increase of volatility on chf
I feel like that was an opportunity to go long Nvidia, but it would have to have been closer to 124/125, now it's too late. The market seems tenuous to me but that stock sure sprung up from the bottom today. I missed it, but up here I wouldn't want to go into next week being long. A lot seems to be going on with USDJPY!
The issue has to do with BOJ on liquidating it's federal bonds now the real fundermetal yen should gain value over along term.
@@paulnyagini you mean if they sell Japanese bonds they will in effect raise their own rates to give strength to the Yen?