STOCK PRICES AND NEWS
Nasdaq forecast: Interest rates cap the rally near key resistance
NASDAQ remains capped by institutional supply, reacting below a Daily and H4 bearish Fair Value Gap, signaling controlled distribution rather than trend expansion. The primary driver of price action is interest-rate expectations, with elevated U.S. yields suppressing aggressive risk-on flows into tech.
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US EQUITY INDICES
The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 most-traded stocks traded in the United States (US). It is often viewed as representative of “old economy” stocks and is considered a leading indicator for international investment.
While the Dow reflects the big money, the Standard and Poor’s 500 (S&P 500) is often the preferred gauge of equity markets due to its broad market coverage. The S&P 500 is a market value-weighted index comprising 500 large US stocks, covering about 75% of the US equity market.
The Nasdaq Composite is highly followed in the US as a performance indicator for technology and growth companies. The Nasdaq-100, which includes 100 of the largest non-financial companies in the Nasdaq Composite, accounts for about 80% of the index weighting of the Nasdaq Composite. The Nasdaq Composite is a capitalization-weighted index and it includes both US and non-US companies listed on the Nasdaq stock market. The NASDAQ represents the speculative retail money.
Generally speaking, a rise in the US equity markets tends to increase investors' risk appetite attracting foreign investment to the US equity market and pumping the US Dollar (USD) higher.
EUROPEAN EQUITY INDICES
Germany DAX - Daily
UK FTSE 100 - Daily
The DAX is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index and prices are taken from the Xetra trading venue.
The Financial Times Stock Exchange 100 (FTSE 100), informally known as the “Footsie”, is a market capitalization-weighted index representing the top 100 blue-chip companies on the London Stock Exchange. The index represents over 80% of the total market capitalization in the United Kingdom (UK). Stocks in the FTSE 100 are free-float weighted, ensuring that only the investable opportunity set is included in the index.
JAPANESE EQUITY INDICES
The Nikkei 225, commonly called the Nikkei, is a stock market index for the Tokyo Stock Exchange (TSE). It is a price-weighted index, operating in Japanese Yen (JPY), that measures the performance of 225 highly capitalized and liquid publicly owned companies in Japan. It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1970.
Nikkei225 - Daily
Relationships between stocks and currencies
Currencies are probably the most difficult asset class to fit into a consistent intermarket model. For instance, when investors purchase stocks from a particular country, they must pay in the local currency, increasing the demand for that currency. Conversely, a strong currency can make bonds and stocks more attractive to foreign investors.
However, the correlation between stocks and currencies is not always clear. There are often response lags between the reactions of Forex and equities markets, leaving investors holding foreign equities exposed to exchange rate fluctuations.
This correlation is also fragile among international equity markets. The so-called global divergences occur when the stock market in one country starts performing better than the stock market in another country. This is often driven by currency capital flows from the country with the weaker stock market to the country with the stronger one.
US Dollar Index - Daily
Latest STOCK INDICES Analysis
Editors' picks
Gold rises to record high above $4,500 on safe-haven flows
Gold rises and hits its record high around $4,505 during the Asian session on Wednesday. The precious metal gains momentum as the Israel-Iran conflict and the rising in US-Venezuela tensions boost the safe-haven demand. Furthermore, the recent soft US inflation and cool jobs reports have fueled market expectations for at least two 25-basis-point rate cuts from the US Federal Reserve next year.
AUD/USD tests 14-month highs as Greenback falters
AUD/USD stepped into a second straight day of firm gains on Tuesday, climbing two-thirds of one percent and adding to the previous day’s 0.68% gain as the US Dollar falls across the board. The Australian Dollar is catching a fresh bullish bid as the Reserve Bank of Australia faces down future interest rate hikes in 2026, while the Federal Reserve is expected to get caught in a long-run rate-cutting cycle, depressing Greenback market flows.
USD/JPY attracts some sellers below 156.50 as Yen strengthens on intervention fears
The USD/JPY pair tumbles to around 156.30 during the early Asian session on Wednesday. The US Dollar weakens against the Japanese Yen despite the stronger-than-expected US Gross Domestic Product report for the third quarter. Financial markets are likely to trade in a subdued mood ahead of the Christmas holiday.
XRP price under pressure amid technical weakness and reduced whale holdings
Ripple is extending its decline below $1.90 at the time of writing on Tuesday, as headwinds intensify across the crypto market. Negative market sentiment has persisted despite a surge in inflows to XRP spot Exchange Traded Funds.
Here is what you need to know on Wednesday, December 24:
The US Dollar Index (DXY) struggles to find demand on Tuesday, even after strong United States Gross Domestic Product (GDP) Data. The DXY is now trading near the 98.00 price region after touching a three-month low in the Asian trading hours.