This Week’s Key Market Events: This week brings critical economic reports and events,
including China’s Prime Lending Rate, US Initial Jobless Claims,
and the Bank of Japan’s interest rate decision.
Market movements in NASDAQ, USDJPY, Bitcoin, and NVIDIAstock present key trading opportunities.
Here’s what to watch and how to prepare.
New Zealand: Consumer Price Index (YoY) (Q4) – 00:45
New Zealand: Consumer Price Index (QoQ) (Q4) – 00:45
Thursday, January 23, 2025
Japan: Trade Balance (December) – 02:50
US: Initial Jobless Claims – 16:30
Canada: Retail Sales (MoM) (November) – 16:30
Friday, January 24, 2025
Japan: BoJ Interest Rate Decision – 06:00
US: Existing Home Sales (December) – 18:00
US: Existing Home Sales (MoM) (December) – 18:00
NASDAQ
The NASDAQindex recorded substantial gains by the end of last week’s
trading sessions as markets anticipate Donald Trump’s inauguration this week.
This event is expected to provide strong support to US stock markets.
The NASDAQ index reached 21,441,
with expectations of further increases targeting levels of 21,832 and the historical peak near 22,149.
USDJPY
The USDJPYpair is trading around 156.25 after the yen gained some ground against
the US dollar during last week’s trading before the dollar rebounded at the week’s end.
However, the yenis expected to strengthen against a basket of currencies
amid expectations that the Bank of Japan will raise interest rates this week.
In that case, we could see bearish movements for the pair,
targeting levels as low as 135.40 after retesting the 156.57 level.
Conversely, the bullish trend could resume if the pair breaks above 156.67 and closes above it.
US Dollar Index
The US Dollar Index experienced some downward correction last week due to a decline in the US Consumer Price Index.
However, it quickly rebounded, supported by the ascending trendline
and expectations of fewer interest rate cuts this year.
This suggests a return to an upward trajectory, targeting the peak around the 110 level.
Bitcoin
Bitcoinresumed its upward movement last week, stabilizing around 105,000
as Donald Trump’s upcoming inauguration—a known supporter of digital currencies—boosted market sentiment.
From a technical perspective, if Bitcoincloses above 105,220,
the bullish trend may continue toward the historical high of 108,173.
However, if a reversal pattern emerges near current levels, Bitcoinmight correct to retest the psychological support at 100,000 before resuming its rise.
Nvidia Stock
NVIDIAstock is trading around 137.71 after bouncing from demand levels
on the daily timeframe amidst optimistic sentiment in US stock markets.
The stockis expected to continue its rally,
targeting 143.65 and then 152.58 in the medium term,
from which a downward correction may begin.
Global Market Outlook: Economic Events and Trading Dynamics: This week’s economic calendar features significant global events
that could impact various markets, including trade balances, consumer price indices, and key industry data.
From movements in major currency pairs like USD/JPY and EUR/USD to oil and Nasdaq trends developments,
we provide a comprehensive overview of what to expect and how markets might react.
Consumer Price Index (Yearly) (October) at 13:00 – Eurozone
Consumer Price Index (Yearly) (October) at 16:30 – Canada
Wednesday
Consumer Price Index (Yearly) (October) at 10:00 – United Kingdom
Crude Oil Inventories at 18:30 – United States
Thursday
Initial Jobless Claims at 16:30 – United States
Existing Home Sales (October) at 18:00 – United States
Friday
German Gross Domestic Product (Quarterly) (Q3) at 10:00 – Germany
Manufacturing PMI (November) at 17:45 – United States
Services PMI (November) at 17:45 – United States
USD/JPY (US Dollar against Japanese Yen)
The USD/JPY pair is trading around 154.89 levels,
experiencing some downward movements towards the end of last week’s trading.
However, the yen’s weakness remains significantly prominent,
with expectations of intervention by the Japanese central bank to limit the yen’s losses.
From a technical perspective,
the pair is expected to continue its downward correction following the false breakout,
as it closed below the resistance level centered around 155.22.
It is anticipated to continue its bearish moves, targeting 151.28 levels.
AUD/USD (Australian Dollar against US Dollar):
The strength of the US dollar continues to dominate the AUD/USD pair’s movements,
with the pair trading around 0.6460 levels.
The current movement indicates continued bearish moves toward the primary demand levels on the daily timeframe,
centered around 0.6346. If a reversal price behavior appears around these levels,
we may see a corrective rise to the 0.6514 levels.
Oil
Oil trading witnessed substantial declines last week, reaching 66.90, close to the critical level of 66.50
which oil could not break despite multiple attempts?
This comes amid uncertainty regarding future oil demand. Oil is expected to continue its sideways trading and then return to rise from the current levels, targeting 72.31.
However, if the 66.49 level is broken and closed below,
bearish trading may continue towards 62 levels.
EUR/USD (Euro against US Dollar):
Despite some weakness in the US dollar at the end of last week,
the euro could not gain any ground against the dollar.
The pair remains in a strong downtrend and is expected to continue targeting the next support level,
around 1.0446. From there, a corrective upward movement may take place towards 1.0599.
Nasdaq
The Nasdaq has retreated below the 20,686 level after a substantial decline during last Friday’s trading,
especially following the rise in inflation in the United States.
It is expected to continue its downward correction to stabilize around 19,943 levels before resuming its upward movement.
Global Market Outlook: Economic Events and Trading Dynamics
Key Market News to Watch This Week: Global markets will react to crucial economic data releases
and market-moving news this week.
From Germany’s Consumer Price Index to U.S. inflation data and crude oil inventories,
traders are eyeing these reports to shape their strategies.
Critical market trends are also forming around significant assets like USD/JPY, Bitcoin, Gold, Oil, and Nasdaq.
German Consumer Price Index (monthly) (October) 10:00 AM, Germany
Wednesday, November 13
Core Consumer Price Index (excluding food and energy) (monthly) (October) 4:30 PM, USA
Consumer Price Index (annual) (October) 4:30 PM, USA
Consumer Price Index (monthly) (October) 4:30 PM, USA
Thursday, November 14
Unemployment Claims 4:30 PM, USA
Producer Price Index (annual) (October) 4:30 PM, USA
US Crude Oil Inventories 7:00 PM, USA
Friday, November 15
Gross Domestic Product (annual) (Q3) 10:00 AM, UK
Gross Domestic Product (quarterly) (Q3) 10:00 AM, UK
Core Retail Sales (monthly) (October) 4:30 PM, USA
USDJPY
The USD/JPY pair witnessed some declines towards
the end of last week despite the Bank of Japan keeping interest rates unchanged.
However, markets are still expecting a rate hike from the Bank of Japan in the coming period,
and the BoJ will not allow the yen to weaken again and reach 160 levels.
Technically, the pair has bounced downward from significant resistance levels on the 4-hour timeframe,
supporting the continuation of bearish trading from the current levels, targeting reversal levels around 149.26.
However, if the pair breaks above 155.22, bullish trading could continue toward 159.14.
Bitcoin
Bitcoin has seen recent increases, reaching trading levels around 80,000,
as cryptocurrencies continue to benefit from Donald Trump’s victory
in the U.S. presidential election and the expected support for digital currencies in the coming period. Bitcoin is expected to continue its upward movement,
targeting levels around 85,000.
Technically, the best buying levels would be if the price returns to test 75,570 again.
Gold
Gold experienced a strong corrective downward wave for the first time in a long while,
reaching 2642 before resuming its upward trading to close last week around 2684.
This movement followed the U.S. Federal Reserve’s decision to cut interest rates by 25 basis points.
The pair tested 2710 levels again,
and a reversal in price action suggests the continuation of the downward correction.
It is expected that the decline will continue until 2600.
However, if gold returns to trade above 2710, it could resume its upward trend towards 2790.
Oil
Oil continues to trade within a sideways range due to uncertainty surrounding demand
in the coming period amid the ongoing Chinese economic crisis. Oil is trading around 70.3 after bouncing from resistance levels around 72.22.
This supports the continuation of the downward movement,
targeting the lower end of the range around 66.30.
Nasdaq
The U.S. markets continue to benefit significantly from current developments,
with the Nasdaq reaching new historical levels around 21,117.
This was driven by the market optimism following Donald Trump’s victory,
the anticipated tax cuts for U.S. companies, and the Fed’s continued rate cuts.
The markets have greatly benefited.
It is expected that the Nasdaq will continue its upward movement, targeting 21,750.
Important Economic Events and Currency Patterns: This week, traders should focus on important economic indicators and central bank announcements,
including U.S. consumer confidence and interest rate decisions from Australia and Switzerland.
We’ll also examine the performance of key currency pairs like USD/JPY and EUR/USD,
as well as trends in the Nasdaq index and oil prices.
15:30 USD: Core Personal Consumption Expenditure Price Index (Yearly) (Monthly) (August)
USD/JPY (Dollar/Yen)
Despite the weakness of the US dollar, the USDJPY pair experienced some upward movement
at the end of last week’s trading following the Japanese central bank’s decision to keep interest rates unchanged.
This weakened the yen and boosted Japanese stocks, causing the pair to trade at 143.85,
close to the downward trendline.
If this line is broken, the pair may continue its upward trend, targeting 147.27.
However, if weakness appears around the current levels and drops below 143.50,
the pair could resume a downward trend, targeting 140 again.
EUR/USD (Euro/USD)
The EURUSD pair saw significant gains at the end of last week, reaching 1.1160,
near the main resistance level around 1.1200.
The US dollar is expected to weaken further in the coming period
after the Federal Reserve cut interest rates by 50 basis points last week,
shifting to an accommodative policy. This will likely increase the weakness of the dollar.
If the pair closes above 1.1200, it could continue upward movement, targeting resistance levels around 1.1353.
NASDAQ
The NASDAQ index experienced a volatile session at the end of last week’s trading after statements
from some Federal Reserve members indicated that inflation had not been entirely defeated yet.
This hurt US stock trading. The NASDAQ bounced off the minor resistance level around 19,923,
suggesting a slight downward correction to 19,472 before resuming its upward movement towards the index’s peak around 20,686.
Oil
Oil prices rose significantly during last week’s trading after the Federal Reserve’s 50 basis point rate cut,
boosting expectations of increased demand from the US in the coming periods. Oil prices reached 31.19, near the pivot levels around 71.4. Oil needs to stabilize above these levels to continue rising toward 73.77 and then 77.6 in the medium term,
especially with escalating geopolitical tensions, which could further support oil prices.
Oil Incurred its biggest weekly decline since early November: Oil prices are heading towards the largest weekly loss since November,
with the progress of talks to reach an agreement to stop the war between Israel and Hamas.
WTI fell above $72 a barrel at the end of trading on Friday but has seen a decline of almost 9% over the past week.
Reports indicate that the ceasefire talks are still in the early stages, with no breakthrough expected soon.
Economist Vishnu Varathan said that the decline in oil prices and the disappearance of the geopolitical risk premium
is due to optimism about progress in the ceasefire negotiations in Gaza.
Although oil made a monthly advance in January due to attacks on ships in the Red Sea,
strong supply and concerns about demand continue to weigh on the rise in prices.
The OPEC+ alliance has confirmed its commitment to production cuts for this quarter,
and OPEC reduced its daily oil production by 490,000 barrels last month.
These steps come to prevent a global glut and reduce pressure on prices in light of fears of declining demand.
The revised reading for US consumer confidence is the highest since 2005
The revised reading of US consumer confidence for January was positive,
contrary to expectations that had indicated 78.9, rising to levels of 79.0, which is the highest since 2005.
This comes in light of the confidence resulting from an economy whose inflation levels have declined to record in the last reading 2.9%,
and in return, positive in growth and the labour market. Strong.
This contributes to adding strength to the American stock indices,
the Dow Jones index adding a new historical peak of around 38,784 thousand, and the Nasdaq achieving stability near its highest levels
to close its trading around 17,633 thousand, amid hopes for more positivity.
US stocks reach new highs after strong corporate results
US stocks closed at new highs on Friday, the S&P 500 rose 1.07%, the Nasdaq rose 1.74%,
and the Dow Jones rose 134 points, as strong results from giant technology companies lifted investor sentiment,
despite the stronger-than-expected performance of the jobs report. Meta shares jumped 20.32% after the company announced its first dividend and recorded the largest increase in quarterly sales in two years. Amazon shares jumped 7.87% after it announced a 14% increase in revenue. Nvidia also rose (4.97%) while Apple trimmed its losses (-0.54%) although the company’s sales in China were disappointing. Exxon Mobil shares lost 0.46% after announcing mixed results,
while Chevron shares rose 2.91% after the company raised its profits by 8%.
On the data front, the US economy added 353,000 jobs last month, nearly double expectations of 180,000 jobs,
while the unemployment rate remained steady at 3.7% and wage growth unexpectedly accelerated.
0il Incurred its biggest weekly decline since early November
Global stock market performance: The European stock market was negatively affected by weak risk appetite.
The European Euro Stoxx 600 index recorded a decrease of 0.16% to 469.69 points.
These declines come after statements by the Governor of the European Central Bank, Lagarde,
who indicated weak consumption in the euro area due to the impact of the labour market and increased savings, and this may negatively affect economic growth in the region.
On the other hand, the US stock market witnessed a clear rise in risk appetite.
This came after a statement by US Federal Reserve member Goolsbee, who indicated that the US economy had improved compared to last year.
He also hinted at the possibility of starting to cut interest rates in the upcoming meetings,
indicating the end of the monetary tightening cycle in the United States.
This ultimately supports the performance of the US stock market.
The reasons that contributed to enhancing the positive movements of the Nasdaq index
The preliminary reading of US consumer confidence pushes the Nasdaq index to achieve a historic high
After the initial reading of American consumer confidence during last Friday’s trading,
it presented a positive reading at the level of 78.8, whereas expectations indicated a reading of only 69.8, and the reading for November was around 69.7.
This strengthened the position of American stocks, as the Nasdaq index recorded a clear rise from levels of 17,000 thousand,
with the markets closing at 17,330 thousand, an increase of approximately 1.5% from the time the news was issued.
This contributed to the Nasdaq index returning to positive operations again, with the possibility of continued upward movements.
How do Red Sea disturbances affect Brent crude prices?
The European oil market is suffering from a shortage, as a result of the turmoil in the Red Sea and the increasing Chinese demand for African oil,
according to reports of traders and data analysts on the London Stock Exchanges.
The Brent crude market and some oil markets in Europe and Africa are witnessing a shortage,
partly due to the delay in shipments of some cargo ships due to them avoiding travel through the Red Sea, hurting supplies.
These disturbances coincide with interruptions in production and increased demand in China,
which intensifies competition for oil supplies that do not depend on their passage through the Suez Canal.
Analysts believe that this crisis has clearly manifested itself in European markets.
In this context, the structure of the Brent crude futures market recorded its highest level in two months,
as a result of tankers moving away from the Red Sea after air strikes from the United States and Britain in Yemen.
Kepler data confirms the decline in the quantities of crude heading from the Middle East to Europe,
as the volume of crude decreased by almost half during December compared to October.
Reports say that problems in the Red Sea have caused delays, causing refiners to resort to covering their needs from local markets,
and the market is suffering from a shortage due to the loss of Gulf supplies.
With other developments such as a decline in Libyan supplies due to the protests and a decline in Nigerian exports,
the global economy is witnessing negative impacts from these disruptions in the oil market.
Week a head full of news and events: Market Volatility and economic events are ahead, this report will update you with the most important events ahead and the most important news
The dollar achieved weekly gains of 1.08% positive labour market data in the United States,
due to the optimism of the market about the US Federal Reserve
maintaining the current interest rate for longer than expected
and sufficient to return inflation to the central bank’s target,
which provided strong support for the US dollar’s movements in the currency market,
outperforming its major counterparts.
Bullish scenario
The GBPUSD is moving between the support level of 1.2500
and the resistance level of 1.2826 and the highest rising trend line since last November.
The technical outlook for the pair is still bullish on the long-term
time frames given that the price is above the 200 moving average,
But in the short term, we still see bearish price action, since the pair failed to make a new high for 2023 in December.
If prices rise above the sub-resistance level of 1.2750,
it will push the pair to rise further to the main resistance of 1.2826, reaching the level of 1.3000.
Bearish scenario
However, if prices fall again below the minor support level of 1.2650,
this will likely push prices further to the main support of 1.2500.
Oil
Oil prices rose in last week’s trading session, achieving their first weekly gains in 2024,
aftermarket sentiment improved about the possibility of a recovery
in American demand for oil in the coming period,
especially after data from the US Energy Information Administration
revealed the positivity of oil inventories within the United States, and data was also raised.
The American labour market is better than expected.
The markets are optimistic about the strength of the labor market
and consequently the economic growth in the United States,
which occupies first place among the countries that consume the highest crude oil. Consequently, crude oil prices eventually rose.
Bullish scenario
Oil prices moved in a narrow range during last week’s trading between the levels of 70 to 74 dollars,
forming an ascending triangle pattern that penetrated upward
coinciding with closing above the falling trend line since last October,
and below the resistance level of 76.04. If it is penetrated upward, it will be a signal to reach the resistance level. 80.00
Bearish scenario
However, in the event of a return again below the pivotal level of 73.50,
this will push prices to fall again to the support level of 70.00,
and in the event of closing below with deep momentum,
it will be an indication of a further decline to the main support of 67.11.
Gold
After the US labour market data last Friday provided clear positivity through the jobs
that were added to the private non-agricultural sector by recording 216 thousand jobs instead
of expectations that indicated 177 thousand jobs, unemployment also stabilized at approximately 3.7%
instead of expectations that indicated an increase of approximately out 3.8%,
on the other hand, it showed an increase in wage rates and the provision of 0.4% instead of 0.3%,
which indicates the idea that the US Federal Reserve will begin reducing interest rates late this year,
which may contribute to a possible strength of the US dollar index and, in return, a negative movement for gold.
Bullish scenario
What is important in the positive purchasing scenario is the confirmation of the strength
of the rebound from around the support and the rising bottom in the areas of 2033.80 to 2016.63 dollars,
and among the criteria for an increase in the possibility of a return of strength to buyers
is the break of the descending digital channel in addition to breaking
the horizontal resistance of 2060.29 dollars to the top.
The aforementioned technical condition was achieved at the time,
giving preference to a rise in prices and targeting the levels of $2089.14 to $2104.26,
by breaking it is possible to target $2148.58.
Bearish scenario
In the selling scenario, we rely on prices being below the descending digital channel,
in addition to prices being below the horizontal resistance of $2060.29.
With a directional movement on frames (30 minutes to 15 minutes),
it will support the idea of a decline in prices to target the $2016.63 levels, and
by breaking them and trading below them, the next target will be around the $1972.33 levels.
US dollar VS Japanese yen
A fateful week awaits the financial markets to read the data on US inflation rates for December.
The markets are anticipating and speculating about the date of starting
to reduce interest rates through US consumer price data.
Experts expect annual consumer prices to rise to 3.2% instead of the previous reading of 3.1%,
while monthly core consumer prices are expected to decline by 0.2% instead of 0.3%.
it is noteworthy that a decline in inflation will lead to an early reduction in interest rates,
and vice versa if inflation rises again. Others may add, in one form or another,
a continuation of the tightening, even if it is maintained for a longer period by the US Federal Reserve.
Bullish scenario
Through the positive scenario, which depends on the idea
of prices exiting the descending digital channel and prices trading positively,
it may continue, especially after prices take an upward directional movement.
With touching the bullish technical trend line,
it will likely coincide with the horizontal digital support level around 142.55,
an opportunity to rise and target the 146.30-148.15 levels.
Bearish scenario
Through the selling scenario, which reacts by breaking and stabilizing prices
below the existing digital support around 142.55,
then we will have a downward directional movement and ensure a strong return for sellers.
If the technical condition is met, prices will have an opportunity to target 140.70 levels,
and if prices break them and hold below them, the next target will be 138.95.
Nasdaq
The American markets witnessed some downward corrections during last week’s trading
after the partial return of strength to the US dollar’s trading,
especially with the improvement in US job numbers again,
but the positive outlook remains for US stocks due to market expectations of more than 70%
that the Federal Reserve will reduce interest rates next in March,
which will reflect negatively on the dollar and positively on the American stock markets
Bullish scenario
The Nasdaq index is trading around the 16305 level after the downward correction
from the peak, it achieved around the 16975 levels,
as the index is trading near the turn-taking areas around the 16183 levels,
which is expected to push it upward again if behaviour seeking a reversal appears around those levels.
Bearish scenario
The Nasdaq may continue bearish trading if it breaks the 16183 levels
and closes below them in a trading session, and at that time,
the declines may continue to target the support centred around the 15700 levels.
Nasdaq’s trading system outage cancels thousands of orders, provides inaccurate clearing information
Nasdaq fixed a technical glitch in its trading system on Wednesday that disrupted thousands of stock orders,
resulting in the cancellation of some and the provision of inaccurate clearing information for others.
The problem began around 2:30 p.m. ET and affected trading in New York, including the FIX/RASH order processing services.
Nasdaq attempted to fix the problem but was unable to resolve it completely before the close of trading.
After hours, the decision was made to shut down the order processing system,
halt all new orders, and cancel any open customer orders.
Nasdaq said that inaccurate clearing information was provided and that it reversed trading for orders issued by the order processing system during the period of the technical glitch.
It also re-submitted corrected trades to the Nasdaq Stock Exchange.
It said that BX and PSX trades related to the T+1 settlement (where ownership of the security is transferred from seller to buyer one day after the trade is executed) will also be corrected.
The company concluded its statement by saying that it “is confident that this corrective action will fully address the issue,” adding that the index will be ready to resume trading on Thursday.
Analysis
The Nasdaq glitch is a reminder of the risks inherent in relying on complex technological systems.
While the company has taken steps to address the problem,
it is possible that there could be a long-term impact on investor confidence in the index.
It is important to note that the glitch did not affect all stock orders.
However, any delay or inaccuracy in information can have a negative impact on the market.
Nasdaq Delisted six companies: Nasdaq announced today that as of December 18th
Six companies will be delisted from the Nasdaq 100 index,
and another six new companies will be added as a result of the annual reconstitution.
Topics Companies delisted and listed
The companies that will be delisted from the Index
are Align Technology, eBay Inc. Enphase Energy, Inc. JD.com, Inc.
Lucid Group, Inc. and Zoom Video Communications Inc.
while these six companies will be added:
CDW Corporation, Coca-Cola Europacific Partners plc,
DoorDash, MongoDB, Roper Technologies, Inc and Splunk Inc.
Why companies are delisted from Nasdaq
Lucid’s share price recently fell from its highest level after Initial public offering at $58, to less than $5.
In addition, the company has recently been suffering from weak delivery
despite increased production.
As for Zoom, the stock price fell to less than $75 after reaching more than $588.
At the same time, JD.com’s fortune declined
as the Chinese government launched a crackdown on the shares of high-profile technology companies.
As for eBay, it faces great competition from Amazon, in addition to economic challenges.
What is the Nasdaq 100
The name Nasdaq is for National Association of Securities Dealers Automation Quotation
it’s the second-largest stock exchange in the world. Established on January 31, 1985,
and includes more than 100 shares of the largest non-financial companies listed on the Nasdaq Stock Exchange,
The reconstitution is an annual event that happens in December,
at the same time as the expiration of 4 types of assets: contracts.
Future contracts for stock indices, stock index options,
stock options and individual stock futures, on the third Friday of December.
In the fast-paced world of finance, staying ahead of the game is crucial.
As an investor, you need to be agile, well-informed, and ready to seize opportunities as they arise.
The NASDAQ 100 presents itself as a gateway to a world of possibilities,
allowing you to trade 100 of the top US stocks with a single click.
In this article, we will explore the allure of NASDAQ 100 and how you can make the most of it.
The NASDAQ 100 is where the tech heavyweights of today and tomorrow converge. These are the companies that are shaping our future, driving innovation, and redefining industries. With one click, you can gain exposure to giants like Apple, Amazon, Microsoft, and many more.
Riding the Wave of Government Stimulus
The NASDAQ 100 has been on a remarkable upward trajectory, propelled in part by government stimulus initiatives. As governments inject capital into the economy, this influx of funds finds its way into the stock market. This has led to a surge in stock prices and created opportunities for investors to capitalize on this momentum.
More Stimulus on the Horizon
The excitement doesn’t end here. It appears that more stimulus money is on the way. Governments are committed to bolstering economic growth, and this bodes well for the NASDAQ 100. As an investor, staying tuned to these developments is paramount. With the right strategy, you can harness the power of these financial injections to your advantage.
Evest: Your Partner in NASDAQ 100 Trading
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Conclusion
In conclusion, NASDAQ 100 is your gateway to the future of tech-driven investments.
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It’s time to seize the opportunities that lie ahead and unlock the power of the NASDAQ 100.
FAQs
What is the NASDAQ 100?
The NASDAQ 100 is an index comprising 100 of the largest non-financial companies listed on the NASDAQ stock exchange. It includes many prominent technology and internet companies.
Why is the NASDAQ 100 considered attractive for investors?
The NASDAQ 100 is attractive because it provides exposure to leading tech companies, which often experience rapid growth. Additionally, government stimulus measures have boosted its performance.
What is the significance of government stimulus for the NASDAQ 100?
Government stimulus injects funds into the economy, leading to increased investments in the stock market and driving up stock prices, benefiting NASDAQ 100 investors.
Why should I choose Evest for NASDAQ 100 trading?
Evest offers a user-friendly platform, comprehensive data, versatility in trading options, strong security measures, and 24/7 customer support, making it a reliable choice for NASDAQ 100 trading.
How can I get started with NASDAQ 100 trading?
To get started, you can sign up with a trading platform like Evest, conduct research, develop a trading strategy, and begin trading NASDAQ 100 stocks.
