Month: June 2022

The Nasdaq opened 2.0% lower today despite a second day of falling yields. I think the latest price action is more about quarter end than about anything new. That said, we’re clearly in a tech bust, or an everything-that-was-overleveraged bust. I don’t think that’s a controversial statement anymore and nearly all investors have accepted that
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Bank of America Global Research discusses USD/JPY technical outlook and warns of a scope for a correction lower in July. “A triangle breakout targeted 131.50 (reached), the trailing high from 2002 is in the 135s (reached), the interior trend line is approximately 140/141, the 38.2% head and shoulders target is 145.18, the peak in 1999