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  • Market Insights  >  Trade Of The Day

25 April 2025,06:45

Trade Of The Day

Nasdaq Continues Uptrend as Tech Earnings Boost Market Sentiment

25 April 2025, 06:45

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Fundamental Analysis

*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.

Technical Analysis

* 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

Potential Risks

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.

Monitoring

Keep an eye on potential trade war for further market direction by following PU Xtrader’s financial news page.

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