Markets saw a cautious tone yesterday, with risk sentiment softening amid political uncertainty in France and ongoing concerns about a US government shutdown. The S&P 500 fell -0.38% from Monday’s record high, while Treasury yields eased, reflecting a mild flight to safety.
Safe-haven demand surged, with spot gold breaking above $4,000/oz for the first time ever, extending a rally of more than 50% this year. Silver is also nearing record highs. The moves highlight growing investor anxiety over the macro backdrop, despite resilience in equities overall.
In tech news, AI-related headlines continued to dominate sentiment. Elon Musk’s xAI is reportedly expanding its funding round to $20 billion, with backing from Nvidia, reinforcing market enthusiasm around the AI theme. Meanwhile, Anthropic announced plans to open its first office in India, underscoring the sector’s global expansion.
For today, Nasdaq 100 traders will watch how the AI rally balances against broader risk aversion, with the FOMC minutes and Fed commentary later in the session likely to drive direction.
Key Support and Resistance Levels
Resistance Level 1: 25090
Resistance Level 2: 25200
Resistance Level 3: 25300
Support Level 1: 24730
Support Level 2: 24590
Support Level 3: 24460
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Safe-haven demand surged, with spot gold breaking above $4,000/oz for the first time ever, extending a rally of more than 50% this year. Silver is also nearing record highs. The moves highlight growing investor anxiety over the macro backdrop, despite resilience in equities overall.
In tech news, AI-related headlines continued to dominate sentiment. Elon Musk’s xAI is reportedly expanding its funding round to $20 billion, with backing from Nvidia, reinforcing market enthusiasm around the AI theme. Meanwhile, Anthropic announced plans to open its first office in India, underscoring the sector’s global expansion.
For today, Nasdaq 100 traders will watch how the AI rally balances against broader risk aversion, with the FOMC minutes and Fed commentary later in the session likely to drive direction.
Key Support and Resistance Levels
Resistance Level 1: 25090
Resistance Level 2: 25200
Resistance Level 3: 25300
Support Level 1: 24730
Support Level 2: 24590
Support Level 3: 24460
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.