Nasdaq Trades to New Session Lows

The Nasdaq contains all the companies that trade on Nasdaq.

17:28 11 March 2021

Many technological and internet-related companies are connected to consumer, biotech, financial, and industrial companies. More than 3300 stocks are tracked by the Nasdaq. 

 

Yields off high, Gold down but off lows

 

As the details given by the Fed’s Beige Book and accepted by the market:

 

• The Forex will remain the same within the recent ranges.
  
  
• With the NASDAQ index, the Nasdaq stocks are now down to -2.22 or -300 points which continue to get hit. 
  
  
• They are trading nearly low at 3839.60 in the S&P index, which is down to -0.8 per cent.
  
  
• Although the US yields remain higher, it is off the highest levels. The ten-year yield is at 1.463 per cent and up the 7.2 basis points. 1.4946 per cent is the highest yield they have reached. The 30-year yield is at 2.242 per cent and has a high yield that reached up to 2.789 per cent. 
  
  
• The gold rate is also down about $21 or -1.2% 1717.57. At the earlier session lows, the rate of gold fell to 1702.04. 
  
  
• The spot Silver is also down to $0.53 or -1.98% $26.23, and the low price reached $25.84.
  
  
• Bitcoin is trading up $3622 of $51,052.

 

Important Currency Pairs:

 

• EURUSD: The EURUSD pair is trading low at 1.20838 moving average and remains below at multigroup. 1.20684 is the current trading price. 1.2080 is the maximum reached in the New York session.
  
  

• USDCAD: The USDCAD has found the North America session’s support buyers at 50 per cent retracement. The current trading of the pair is at 1.26307. The two-hundred hour’s moving averages just above that at 1.26128. The top 100-hour moving average is at 1.26128, and the trend line is at 1.2650 is the resistance targets.
  
  

• GBPUSD: The GBPUSD pair of the New York session is trading above. Their current price is 1.39651. The pair has a 100 hours moving average of 1.39517. 
  
  

• USDJPY: Since July 2022 day, the USDJPY is trading at the highest level, and the process has moved above the 61.8 per cent retracement of June 2020 moved down, which was at 107.07. The price has back below the 107.0 level since then.
  
  

• USDCHF: The USDCHF is also the pair that is trading on the high at 0.9191. The price is tested to be 38.2 per cent move down since March 2020, which was high at 0.91933. Staying at the above level is more bullish for the pairs.
  
  

Conclusion

The NASDAQ is tracking over 3,300 stocks. It consists of all the companies that trade with NASDAQ. Here is some information provided related to trading in NASDAQ. At last, that is all about the NASDAQ trading. I hope the information given above will help you in a way.