More info adout social trade
Daily Markets Broadcast
The Daily Market Broadcast will pause from 5-7 Jun 2019 and resume on 10 Jun 2019.
Wall Street mixed on tech sector worries
Most US indices closed flat to higher yesterday, though the NAS100 index slumped on news of antitrust probes on the FAANG stocks. Fed’s Bullard said a rate cut may be warranted “soon” on inflation, trade war concerns. RBA is expected to cut its benchmark rate today.
NAS100USD Daily Chart
The NAS100 index fell the most in three weeks yesterday on news of an antitrust probe against the tech sector, including Facebook and Amazon, would be launched. The index touched a three-month low
The index is down 11.7% from the April peak and is heading toward the 50% retracement level of the December to April rally at 6,829
US factory orders are expected to fall 0.9% m/m in April, according to the latest survey of economists. That comes after a 1.9% gain in March.
DE30EUR Daily Chart
The Germany30 recouped early losses to finish in the black yesterday
The index rebounded off the 200-day moving average at 11,620, which has supported prices on a closing basis since April 1. The 38.2% Fibonacci retracement of the 2019 rally is at 11,621
Consumer prices in the Euro-zone are seen rising 1.3% y/y in May, a slower pace than the +1.7% recorded in April. The unemployment rate is seen steady at 7.7% in April.
AU200AUD Daily Chart
The AU200 index fell for a second straight day yesterday and is trading unchanged this morning ahead of the RBA rate meeting
The index is holding above the 55-day moving average at 6,294, as it has done on a closing basis since January 7
A 25 bps cut from the RBA is fully priced in to markets already. It will be more a question of forward guidance on the next move. Markets are currently pricing in almost two cuts by September while Westpac expects three, possibly four, by year-end.
Read about: BUY BITCOIN THROUGH SBERBANK