News & analysis

The Nasdaq 100 rebound has run into former support as fears over AI regulation and spending linger. Fawad Razaqzada explains why he maintains a cautious forecast and where the key levels sit.

U.S. stocks opened mixed, with tech rebounding while the Dow Jones lags; investors continue to digest the fallout from the midterm elections and the stronger-than-expected U.S. nonfarm payroll report.

The US dollar has found some mild amid the tech rout in recent days, most visibly against risk sensitive and commodity dollars. Today, we have so far seen a bit of a recovery in global indices from their overnight lows. Investors will be watching the markets to see whether fresh losses will be on the again once Wall Street gets going. Ahead of that, we have just seen the release of the October US non-farm payrolls report – and it was much stronger at 165K than expected.

The Nasdaq sell-off deepened as doubts over AI spending, weak chip earnings and the threat of tighter AI regulation hit U.S. tech stocks.

European equities are under pressure as the global technology selloff extends into a second session. Concerns about AI-related capital expenditure, semiconductor demand and regulatory risks are weighing heavily on technology stocks, while rising oil prices add another layer of uncertainty. With the US jobs report due later today, investors are reassessing valuations, growth expectations and the outlook for interest rates.

The Nikkei has entered a technical bear market following a historic plunge. RSI and ATR stretch readings suggest a bounce may be coming, but history carries a warning for dip buyers.

US dollar selling pressure fades ahead of NFP as Fed hike bets retreat. USD/JPY stands out with a 141-pip implied move as FX volatility takes centre stage.

An extraordinary sell-off has left Nasdaq 100 futures deeply oversold, but history suggests further downside is common before a sustained recovery takes hold.

Wall Street's AI-led rout sends Nikkei futures plunging 9%, while ASX 200 futures hold relatively firm despite surging volatility and broader risk aversion.

The trading week has not been particularly favorable for risk appetite in the short term, and this is now becoming increasingly evident in the performance of the S&P 500. During today's session, the index is down nearly 4.2%, marking its largest intraday decline of 2026.

Friday’s U.S. and Canadian employment reports could trigger a decisive USD/CAD move as bulls and bears battle for control at critical support.

Although GBP/USD has gained close to 0.5% over the last three trading sessions, reflecting a period of relative strength for the British pound, today's session has started to show a more neutral tone and the bullish momentum seen earlier in the week has begun to slow.