{"id":2344,"date":"2020-05-12T17:15:00","date_gmt":"2023-03-31T20:18:54","guid":{"rendered":""},"modified":"2024-05-29T08:16:33","modified_gmt":"2024-05-29T08:16:33","slug":"nasdaq-is-heading-for-the-7th-straight-gain","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/nasdaq-is-heading-for-the-7th-straight-gain\/","title":{"rendered":"Nasdaq is heading for the 7th straight gain"},"content":{"rendered":"

NAS100 is already positive for 2020 while the other two major indices, SP500 and Dow Jones, are still struggling.  In the meantime, Federal Reserve <\/span>is expected<\/span><\/a> to start purchasing exchange-traded funds today through its Secondary Market Corporate Credit Facility. Worth mentioning, Blackrock serves as the initial investment manager for the secondary market facility. While Trump is facing Covid-19 cases within White House, Dr. Anthony Fauci, a top member of the coronavirus task force, is going to warn the US senates what are the potential risks if states begin reopening their business too early. Based on stats, the US has <\/span>reached <\/span><\/a>almost 1.4ml infections as well as 81k deaths, being on the top of the pandemic. <\/span><\/p>\n

Reviewing major business news, Boeing CEO Dave Calhoun <\/span>told<\/span><\/a> NBC’s that a major US airline will ‘most likely’ go out of business. Brussels Airlines (Lufthansa-owned company) is about to lay off 1000 employees. Likewise, Hyatt Hotels, based on its update, are going to cut out around 1300 people on a global level. Vodafone rises up to 9% as reported by a 3% increase in yearly revenues.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

NAS100 daily chart<\/span><\/p>\n

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Heading to the forex market, EURUSD is currently testing the 50SMA while forming a bullish daily candlestick. GBPUSD looks weak on the daily chart. It’s testing the trendline from below which can lead to downside acceleration. USDJPY closed above 20EMA yesterday and the same moving average act as support today.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EURUSD daily chart
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<\/span><\/p>\n

GBPUSD daily chart
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<\/span><\/p>\n

USDJPY daily chart
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<\/span><\/p>\n

Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is buying GBPUSD and USDJPY while is selling USDCHF.
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<\/span><\/p>\n

In focus this week<\/span> (<\/span>economic calendar<\/span><\/a>):<\/span><\/p>\n

UnitedStates – Consumer Price Index ex Food & Energy (YoY) (Apr)<\/span><\/p>\n

UnitedStates – Consumer Price Index ex Food & Energy (MoM) (Apr)<\/span><\/p>\n

 <\/p>\n

Disclaimer<\/strong><\/span><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

NAS100 is already positive for 2020 while the other two major indices, SP500 and Dow Jones, are still struggling.  In the meantime, Federal Reserve is expected to start purchasing exchange-traded funds today through its Secondary Market Corporate Credit Facility. Worth mentioning, Blackrock serves as the initial investment manager for the secondary market facility. While Trump […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2344","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970633:4"],"rank_math_seo_score":["20"],"rank_math_primary_category":["2"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"84dc26a1e3c8b4f9bf3decc30d113ecc\";s:6:\"images\";a:5:{i:0;s:56:\"\/image.axd?picture=\/2020\/1252020\/NAS100Daily 1252020.png\";i:1;s:56:\"\/image.axd?picture=\/2020\/1252020\/EURUSDDaily 1252020.png\";i:2;s:56:\"\/image.axd?picture=\/2020\/1252020\/GBPUSDDaily 1252020.png\";i:3;s:56:\"\/image.axd?picture=\/2020\/1252020\/USDJPYDaily 1252020.png\";i:4;s:49:\"\/image.axd?picture=\/2020\/1252020\/sent 1252020.PNG\";}}"],"rank_math_analytic_object_id":["197"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2344"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2344\/revisions"}],"predecessor-version":[{"id":4019,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2344\/revisions\/4019"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}