Tuesday, 11 August 2020

Nasdaq Drops as Tech Rotates Out of Favor, Nikkei 225 Tests Resistance

The Nasdaq retraced as capital rotated out from technology to cyclical sectors. Japan’s Nikkei 225 index challenged a key resistance at 22,900. Gold prices tumbled.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...