The Nasdaq and its July high you need to know about!
Instrument: Nasdaq
Percent move of instrument: 3.11%
Winning trade percentage: 80%
Start of seasonal pattern: July 10
End of seasonal pattern: July 31
Giles Coghlan
As a professional market analyst and commentator, Giles' goal is simple: to explain the current reason markets are moving the way they are so you that can make better trading decisions right now. His cutting-edge analysis has been featured in Reuters, Business Insider, WSJ, Financial Times Adviser, NBC, LBC Radio, CoinTelegraph, Guardian Observer, National Express, and numerous other prestigious financial outlets.
Expect 0.5%+ move on the EURUSD on Friday’s NFP
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Is the French 40 set for a further post election rally?
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Is Intel set to break out of sideways range?
Intel’s share prices have been losing out to red hot gains in Nvidia. According to Bloomberg Intel’s sales are projected to end 2024 with $20 billion less revenue than it had in 2021.
July 01 and the day of Q3!
Stock markets often exhibit a phenomenon known as the "turn of the month effect," where returns tend to be higher around the turn of the month compared to other periods. The first few days of the third quarter (Q3) often see increased market activity too.
Seasonax’s screener function highlights Visa, Coke, and JPMorgan for 90%+ seasonal gains
Seasonax’s screener function is great for highlighting interesting seasonal patterns ahead. By screening the Dow Jones Industrial Average from June 17 over the next 31-60 days we can see that there are number of stocks returned.
GameStop hits the Headlines again as weak Seasonals loom
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What seasonal clues do we see ahead of the US CPI print?
On Wednesday the US CPI data is released. The EURUSD has been weighed down this week on the strong NFP print from Friday, with the headline jobs number coming in above the 12 month average, and the weekend results from the European Parliamentary elections.
Will the Nasdaq rise into the Fed meeting on Wednesday?
The Nasdaq is know for its sensitivity to Fed interest rates. The growth orientated stocks in the Nasdaq often rely heavily on borrowing to finance their operations and higher interest rates can make their margins tighter.
All eyes on US labour data after softer US inflation print last Friday
On Friday the latest jobs data will be released for the US and it will be in major focus. Remember, the Fed has a twin mandate: to achieve maximum employment and keep prices stable. So, with inflation moving in the right direction with the latest PCE print.