Tuesday, 4 May 2021

Nasdaq 100 Nosedives as Dow Jones Holds Firm, is the Rotation Trade Back?

Technology stocks and the Nasdaq 100 nosedived Tuesday as the Dow Jones and industrial-facing stocks inched higher. The disjointed price action reawakened discussion around a popular macro trade.

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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...