^NDX - NASDAQ 100
| Previous close | 7,942.14 |
| Open | 7,938.30 |
| Volume | 454,294,632 |
| Day's range | 7,829.75 - 7,946.81 |
| 52-week range | 5,895.12 - 8,027.18 |
| Avg. volume | 2,011,386,718 |
- FX Empire
Financial Markets Relatively Calm as Boris Johnson Pledges Not to Negotiate Brexit Delay
It’s too early to tell if the reaction we are seeing early Monday will hold true throughout the week, or if this is just the calm before the storm. It’s no surprise that the British Pound and Euro are trading lower since they will be the currencies most affected by the Brexit news. The mild price action suggests light position-squaring is taking place. The moves in the Yen, Franc, gold and Treasurys suggests investors aren’t too concerned about the weekend events at this time.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – No Brexit Deal Could Drive Index into 7789.00 to 7740.50 on Monday
If there is no follow-through to the downside then the market is likely to resume its uptrend early next week. This will likely be fueled by a bullish outcome over Brexit this week-end. Friday’s price action and close at 7880.75 didn’t mean much to the chart structure, other than making 7994.75 a new minor top.
- FX Empire
Chances of Fed Rate Cut Rise on Weak U.S. Economic Data, Lack of Progress on Trade Talks
With less than two weeks to go before the U.S. Federal Reserve interest rate decision on October 30, every economic report will take on added importance especially with the manufacturing sector weakening, the labor market showing signs of softening and inflation still coming in below expectations.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Despite Early Rally, Buying Not Very Impressive
Although the market is in an uptrend, this week’s chart pattern suggests traders are having a hard time following through to the upside. Even as we inched higher this week, it was all done on lower-than-normal volume.
- FX Empire
Risk-On as UK and EU Strike New Brexit Deal
Equities rallied on the news as well as the British Pound, which jumped more than 1%. At the same time, investors dumped their hedge protection, leading to weakness in the Japanese Yen, Gold and U.S. Treasury bonds. The U.S. Dollar is also getting crushed against a basket of currencies.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 7971.75, Weakens Under 7859.75
Two days of inside movement suggests investor indecision and impending volatility. The early price action suggests the direction of the index today is likely to be determined by trader reaction to this week’s high at 7971.75.
- FX Empire
Wrong Response by Trump to China’s Countermeasures Threat Could Blow Up Trade Deal
What traders could be waiting for is Trump’s response. Will he defy his promise to Chinese President Xi Jinping, or will he remain silent? It’s highly unusual for Trump to remain silent for too long especially when a foreign country threatens the U.S. with “strong countermeasures.”
- FX Empire
Two-Weeks Before Fed Meeting, Policymakers Remain Divided Over Rate Cut
One group like Fed Chair Jerome Powell believes the outlook is generally positive. Another believes the U.S. economy needs even easier policy to avoid sinking into a recession. Still a third group believes the Fed has gone far enough or even a little too far in trying to revitalize the economy.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Dull Trade as US Holiday Drives Down Volume
Monday’s inside move suggests investor indecision and impending volatility. The extremely low volume helped contribute to the sideways price action.
- FX Empire
Trade Deal Optimism, Brexit Breakthrough Boost European Indexes
Past meetings between Liu and Trump this year have yielded positive progress on trade. For example, after their meeting in January, China increased its soybean buying. And their February meeting resulted in a delay in tariffs.
- FX Empire
US Stock Market Overview – Stocks Rally Ahead of Trump/Liu He Meeting
Shares remain rangebound as traders await trade decision
- FX Empire
Fed Minutes: Members Saw Increased Downside Risks to Economy
At its September meeting, Federal Reserve officials began debating how far their current interest-rate cutting campaign should extend, even as they agreed to lower rates in response to growing risks to the U.S. economy.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Weakens Under 7624.50, Could Turn Bullish Over 7666.25
Based on the early price action and the current price at 7642.50, the direction of the December E-mini NASDAQ-100 Index the rest of the session on Tuesday is likely to be determined by trader reaction to the main 50% level at 7624.50 and the uptrending Gann angle at 7666.25
- FX Empire
US Stock Markets Trade Sideways – Waiting On News/Guidance.
Our researchers believe the global concerns centered around Banking and Debt within the Emerging Markets and Asia/Europe are very likely to become major issues over the next 3+ months. These potentially dangerous issues could have far-reaching pricing ramifications for almost all of the world’s financial markets.
- FX Empire
Will Powell Address Market’s Dovish Expectations?
Powell may stress independence when it comes to Trump’s pressure, but will the Fed stand its ground against a backdrop of weakening economic data, or cut rates like the market expects?
- FX Empire
US Stock Market Overview – Stock Surge Following US Employment Report; Sentiment Turns Positive
Unemployment drops to a 50-year low
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Strengthens Over 7624.50, Weakens Under 7621.75
Based on the early price action, the direction of the December E-mini NASDAQ-100 Index on Friday is likely to be determined by trader reaction to the main 50% level at 7624.50 and the downtrending Gann angle at 7621.75.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Weakens Under 7685.75, Strengthens Over 7696.25
Based on the early price action and the current price at 7664.75, the direction of the December E-mini NASDAQ-100 Index on Wednesday is likely to be determined by trader reaction to the downtrending Gann angle at 7685.75.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Potential Upside Target 7821.75 to 7864.50
Based on the early price action and the current price at 7731.75, the direction of the December E-mini NASDAQ-100 Index on Monday is likely to be determined by trader reaction to the 50% level at 7696.25.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Straddling Major Retracement Zone at 7696.25 to 7624.00
Based on the early price action and the current price at 7701.50, the direction of the December E-mini NASDAQ-100 Index futures contract into the close on Friday is likely to be determined by trader reaction to the main 50% level at 7696.25.
- FX Empire
We’ll Know How the Meeting Went by How Trump Handles October 15 Delayed Tariffs
If Trump moves forward with the tariffs on October 15 then this will complicate matters since it will indicate that both sides are still far apart and Trump feels China needs to continue to feel pressure in order to finish a deal in a timely manner.
- FX Empire
US Stock Market Overview – Stocks Slide as Impeachment Inquiry Kicks In
Markets focus on trade and impeachment
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – In Position to Post Potentially Bullish Closing Price Reversal Bottom
Based on the early price and the current price at 7766.75, the direction of the December E-mini NASDAQ-100 Index into the close on Wednesday is likely to be determined by trader reaction to a pair of Gann angles at 7726.00 and 7717.75.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Look for Short-Covering Rally if Pelosi Says ‘No’ to Impeachment
Based on the early price action and the current price at 7712.50, the direction of the December E-mini NASDAQ-100 Index into the close is likely to be determined by trader reaction to the short-term 50% level at 7696.25.
- FX Empire
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Trend Changes to Down on Trade Through 7798.25
Based on Friday’s price action and the current price at 7836.75, the direction of the December E-mini NASDAQ-100 Index into the close on Friday is likely to be determined by trader reaction to the short-term uptrending Gann angle at 7830.25.
