Nasdaq 100 futures declined after Netflix reported a much lower-than-expected subscriber growth in Q1. Stock markets are facing a “reality check” for corporate earnings.
The Nasdaq 100 shifts lower for a second day despite mostly upbeat earnings reports. Traders will shift focus to Australia’s retail sales figure during Wednesday’s Asia-Pacific session.
Dogecoin’s rally continues as Bitcoin bulls face tests at key levels.
The Nasdaq 100-tracking QQQ ETF recorded its largest outflow since October on Friday as equities entered the week on the backfoot. Nevertheless, the longer-term trend remains higher, at least for now.
Oil prices extend losses as US House Judiciary Committee pass NOPEC Bill
NZD/USD appears to be on track to negate the head-and-shoulders formation from earlier this year as it approaches the March high (0.7307).
Cryptocurrencies and gold continue to grab investors’ attention as prices fall, but sentiment remains positive and longer-term upward trends remain intact.
US Dollar short squeeze stabilises, reducing contrarian properties. GBP/USD remains the largest bull bet.
The single currency has broken above 1.2000 resistance against the US dollar and while this level now turns to support, further gains may be limited.
Crude oil prices are struggling for direction amid conflicted fundamental cues. Incoming inventory data may trigger a response jittery markets.