Early trading has seen indices stabilise, with losses on the Dow and Nasdaq 100 halted for now, while the Nikkei 225 is aiming to continue the strong gains seen earlier in the week.
A forex economic calendar is useful for traders to learn about upcoming news events that can shape their fundamental analysis. Rea...The index continued to fall yesterday, after Tuesday’s heavy losses, but buyers entered the fray to lift the index off the lows, and the cash session ended with small gains. Early trading this morning has seen the index move higher, maintaining the bullish view with the price holding above the 50-day and 100-day simple moving averages.
A reversal and close below 19,500 puts a short-term pullback back in play, perhaps towards the May high at 18,949, or even down to the 50-day SMA, currently 18,640.The index has seen a burst of upside momentum over the past week, rallying from the 38,400 zone around which it had hovered during the middle of the month.
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