Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading
The Nasdaq Composite opened today’s session trading below the 20-day exponential moving average (EMA) but had clawed back its losses by the time of writing and was back above this crucial indicator.
The index has been on a six-day losing streak, and investors would be happy to see today’s session end in positive territory to break the trend.
The Nasdaq was trading up 0.44% at writing, with stocks getting a boost from the weak dollar amid falling US inflation figures.
We have further details of these and other stories here.
Meanwhile, with a few hours left to the market close, investors will remain hopeful that the Nasdaq index can inch higher and close back above the 20-day EMA.
*This is not investment advice.
Nasdaq Composite Today.
The Nasdaq Composite today initially fell but late recovered and was trading up 0.44% at writing.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .