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Nasdaq Hits Record High, Remains Bid Along with SPX and Dow
NAS100 recorded an all-time high yesterday at 7820 after several companies reported better than expected numbers for quarter one. eBay, Lockhead Martin, and iRobot, just to name a few, all surprised to the upside. All indices remain bid ahead of the NY open on the back of Twitter’s results as now, expectations are that all corporate mammoths report upbeat revenues.
CPI Inflation Miss Takes Aussie to Fresh 6-week Lows
The Australian dollar suffered great losses into the London session. It remains relatively downbeat after quarterly inflation missed expectations. Against the greenback, Aussie dived from 71c down to a daily low of $0.7026. This comes as the CPI revives the RBA’s dovish stance, especially at 0.0% when 0.3% is expected. That also marks a 6-week low. Below the 71c. barrier, price action is bearish and from here traders eye the critical support at...
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