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25 April 2025,06:45
Trade Of The Day
*Asian markets followed Wall Street’s lead, with the Nasdaq advancing after Alphabet reported strong earnings, sending its stock up nearly 5% in after-hours trading. Broad market sentiment was lifted by expectations of potential Fed rate cuts, especially after Governor Christopher Waller indicated support for easing if trade tariffs impact employment and economic growth. Despite ongoing US-China trade tensions, investor appetite for risk remains strong.
* The Nasdaq is trading higher, nearing the 50% Fibonacci retracement at 19460.00. The MACD indicates increasing bullish momentum, while RSI at 53 confirms the upward trend, staying above the neutral level. A breakout above 19460.00 could open the door for further gains toward 20105.00. If the index fails to maintain this level, a pullback toward the next support at 18815.00 may follow
Trade tensions and uncertainty over Fed rate policy continue to pose significant risks that could influence gold prices.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential trade war for further market direction by following PU Xtrader’s financial news page.
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25 April 2025, 06:45 Nasdaq Continues Uptrend as Tech Earnings Boost Market Sentiment
23 April 2025, 02:27 Gold Slips as Risk Sentiment Improves, But Caution Persists
21 April 2025, 03:31 Gold Break Records Amid Trade Tensions, IMF to Downgrade Forecasts