简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Nvidia Soars, European Markets Gain, and Key Forex Trends
DAILY MARKET NEWSLETTER - February 23, 2024
Insights from Trading Central's Global Research
Here are key takeaways to fuel your trading strategy today:
Market Wrap: Stocks, Bonds, Commodities
US stocks surge to record highs: Dow Jones, S&P 500, and Nasdaq 100 all closed at record levels.
Nvidia drives market: The company's stock soared 16.40%, adding a record $277 billion in market value.
Tech, consumer discretionary, and communication services lead gains: Meta, Amazon, Microsoft, Tesla, Apple, and Alphabet also performed well.
Moderna jumps on strong earnings: Biotech firm's quarterly profit exceeded expectations.
Disappointments in the EV sector: Rivian Automotive and Lucid Group tumbled, joined by e-commerce company Etsy.
Key Market Data
US 10-year Treasury yield: +1 basis point to 4.333%
Initial jobless claims: Fell to 201,000
US Manufacturing PMI: Rose to 51.5
Existing home sales: +3.1% in January
WTI Crude Oil: +$0.53 to $78.44/barrel
Gold: Flat at $2,024/ounce
European Markets
European stocks closed higher (DAX 40, CAC 40, FTSE 100)
Japan's Nikkei 225 hit a record intraday high, closing at a record level since 1989. (Market closed today for Emperor's Birthday)
Market Wrap: Forex
US Dollar Index: Stable at 103.94.
EUR/USD: +3 pips to 1.0820
GBP/USD: +22 pips to 1.2656
USD/JPY: +22 pips to 150.50
AUD/USD: +6 pips to 0.6556
USD/CHF: +6 pips to 0.8800
USD/CAD: -24 pips to 1.3481
Bitcoin: -1% to $51,270
Trading Central's Featured Analysis
GBP/USD: Caution advised. Look for short positions below 1.2670.
USD/JPY: Rebound expected. Consider long positions above 150.30.
EUR/USD: Key resistance at 1.0840. Short positions are preferred below this level.
Dow Jones (CME): Intraday support at 39030.00. Long positions are favored above this level.
Important Notes
Market volatility can lead to rapid price changes.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In conclusion, while it is theoretically possible to make $1 million at once in forex trading, achieving such a remarkable feat requires exceptional expertise, meticulous risk management, and a deep understanding of the complexities of the market. Aspiring traders should approach forex trading with rational expectations, a focus on continuous improvement, and an emphasis on preserving capital as the foundation for long-term success in this dynamic and challenging market.
Each type of account is tailored to meet the diverse needs and preferences of traders, ensuring that there's an option suitable for every level of expertise and trading style with Giraffe Markets.
At Giraffe Markets, we provide the tools and resources to help you confidently navigate the commodity markets. Whether you're interested in trading gold, oil, or agricultural products, our platform offers a seamless experience for new and experienced traders.
The Giraffe Markets Introducing Broker (IB) Program offers a rewarding and supportive partnership opportunity for individuals and organizations looking to grow their business in the financial markets. With competitive commissions, advanced tools, and dedicated support, Giraffe Markets is committed to empowering its IB partners for success.