Giuseppe Dellamotta
USDJPY Technical Analysis – Soft NFP led to a quick change of heart
- The USDJPY pair sold off aggressively following the soft NFP report as the market quickly priced back in two rate cuts for the Fed by year-end. What’s next?
What are the main events for today?
- The US ISM Services PMI is the main highlight
Nasdaq Technical Analysis – Focus on this week’s data for the next direction
- The slightly more hawkish Fed Chair Powell and softer than expected NFP led to a decent pullback in the Nasdaq. What’s next?
S&P 500 Technical Analysis – Time to buy the dip?
- The slightly more hawkish Fed Chair Powell and softer than expected NFP offered a nice pullback from overstretched positioning. What’s next?
Bitcoin Technical Analysis – The focus switched back to rate cuts
- Bitcoin got hit by some growth fears following the NFP report but the higher chances of rate cuts put a floor on further downside. What’s next?
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