At the close of last week's trading session, the Nasdaq composite broke out above the psychologically significant resistance level at 13000.00 and closed at an all-time peak (13105.20). The U.S. technological sector is evidently performing quite well just days before the beginning of the new earnings season. The appeal for tech stocks has risen over the recent weeks due to the historically low yields in [...]

The price action of the DAX is consolidating just below the pre-crash level at 13450.000 for the third time since the index started recovering in early-April. A potential bearish rebound from this level could entail the termination of the recent bullish rally. In contrast, another breakout would signify the continuation of the rally towards the all-time high near 13900.000. That is why the next step of the DAX [...]

German stocks benefited from the Pfizer and BioNTech news from the other day concerning the massive success of their developmental vaccine in early trials; namely, the success of the vaccine in preventing symptomatic infections in volunteers. The DAX index is currently about to test a crucially important resistance area that was last reached in the wake of the coronavirus turmoil. Even still, there are [...]

Just mere hours before the election results from each separate state start pouring in, the stock market is at an impasse. Yesterday, tech stocks were able to recuperate slightly following a massive plunge last week, which is a sign of resistance from the market bulls. Nevertheless, the continuation of the bullish rally is still very much in question. Depending on who wins tonight, the Nasdaq is likely to [...]

The German stock market was not even able to recuperate fully from the initial coronavirus crash, and now, the second epidemic wave is already knocking on the door of the biggest economy in Europe. By all accounts, it looks as though it is going to be a very long winter indeed, with the number of confirmed cases expected to continue surging into 2021. Eventually, the German Government is going to be [...]

With less than a month remaining before the pivotal election, the US equity market currently seems to find itself at a crucial make-it-or-break-it juncture. With so many different factors affecting the stock market at present, a catalyst for the next big directional movement could come from any direction. Donald Trump's recent decision to postpone the talks concerning the highly anticipated fiscal [...]

Last week's bearish correction in the stock market, which was brought about by a temporary downturn in the tech sector, prompted many traders to speculate whether this was the beginning of the end for the recent bullish rally. Yet, stocks have rebounded since then, demonstrating strong buying pressure in the market, as investors' interest does not seem to wane. The December futures contract of the Russell 2000 [...]

The Japanese stock market continues to flex muscles despite the tumultuous stretch that the Asian economy is currently going through. The Nikkei 225 sank nearly 2 per cent last week after Shinzo Abe announced he would be stepping down from his post as the Prime Minister of Japan, but then the index was able to rebound promptly. Japanese stocks have also remained largely unfazed by the tribulations in the [...]

The German DAX index rallied after the European open earlier today on renewed investors' enthusiasm from the upcoming Jackson Hole symposium in Wyoming. As central bankers, finance ministers, academics, and other financial market participants gather to discuss the prospects for recovery of the global economy, traders and investors would be looking for hints from the symposium regarding the future of the [...]

European stocks continue with their steady advance as many countries within the Eurozone ease their containment restrictions. The rally is further supported by the underlying trends in the global stock market. US tech stocks are continuously rising as investors bet on the robustness of the ongoing economic recovery. A positive spillover effect is being felt in the Eurozone, and major European stocks are [...]