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Nasdaq 100 Forecast: Stocks rise as ADP payrolls drop sharply

October 4, 2023 2:14 PM

US stocks point to a stronger start after steep losses yesterday. Weaker than expected US ADP payrolls suggests that some weakness is seeping into the labour market ahead of Friday's NFP. Yields has eased lower from the 16 year high reached on bets that the Fed will keep rates higher for longer. US ISM services data is due shortly and could provide ... Read More

TAGS: , , US Open, US Tech 100,

GBP/USD, Oil Forecast: Two Trades to Watch

October 4, 2023 8:32 AM

TAGS: , , , Two Trades to Watch

Gold, WTI crude oil Q4 outlook

October 4, 2023 12:10 AM

TAGS: , , Markets Outlook, , ,

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Pivot Points

  • Pivot Point
  • Distance

    Distance

    Distance shows the difference between the pivot point and bid rate. It is calculated by subtracting the ask rate from the pivot point rate.

  • Bid
  • Ask
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Understanding Pivot Points

Pivot points are used by traders as a predictive indicator and denote levels of technical significance. When used in conjunction with other technical indicators such as support and resistance or Fibonacci, pivot points can...Read More
Learn more about Technical Analysis