A shaky session on U.S. markets has caught the attention of traders: tech stocks led the decline, despite strong earnings in some cases. For example, AMD topped estimates but still slid over 3% after its partner announced it was divesting its stake. Another example: Pinterest tumbled nearly 20% after disappointing guidance. The broader concern? The concentration of gains in a few mega-caps could be a vulnerability — especially if earnings or macro data disappoint. On top of that, missing key economic releases due to the government shutdown has left investors flying blind.
For Forex traders: watch the commodity currencies (AUD, NZD) and emerging-market FX. These tend to react sharply when global risk appetite shifts — and today looks like one of those days.
For Forex traders: watch the commodity currencies (AUD, NZD) and emerging-market FX. These tend to react sharply when global risk appetite shifts — and today looks like one of those days.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now