{"id":10517,"date":"2024-03-05T08:28:49","date_gmt":"2024-03-05T08:28:49","guid":{"rendered":"https:\/\/www.vtmarkets.net\/?p=10517"},"modified":"2025-02-22T08:11:30","modified_gmt":"2025-02-22T08:11:30","slug":"forex-market-analysis-us-dollars-uncertainty-tech-stocks-surge-bitcoin-nears-record-highs","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.net\/pl\/analysis\/forex-market-analysis-us-dollars-uncertainty-tech-stocks-surge-bitcoin-nears-record-highs\/","title":{"rendered":"Forex Market Analysis: US Dollar&#8217;s Uncertainty, Tech Stocks Surge, Bitcoin Nears Record Highs"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong><u>CURRENCIES:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>US Dollar&#8217;s Uncertain Direction Ahead of Key Events<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The US dollar shows no clear trend as it awaits significant US events.<\/li>\n\n\n\n<li>Federal Reserve Chair Powell&#8217;s upcoming testimony to Congress is a potential volatility trigger.<\/li>\n<\/ul>\n\n\n\n<p><strong>Technical Analysis on Major Currency Pairs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The article provides a technical outlook for the EUR\/USD, GBP\/USD, and USD\/CAD pairs.<\/li>\n<\/ul>\n\n\n\n<p><strong>Mixed Performance Against Major Counterparts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Despite some gains, the US dollar&#8217;s appeal is inconsistent, even with rising US Treasury rates boosting it in theory.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market Caution Due to Packed Economic Calendar<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Traders are wary of taking significant positions due to a busy economic schedule that could increase market volatility, including ISM services data, Powell&#8217;s Congressional testimony, and the US NFP report.<\/li>\n<\/ul>\n\n\n\n<p><strong>Focus on Powell&#8217;s Testimony<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Powell is expected to maintain a stance of no immediate need for easing monetary policy, following stagnant progress on disinflation from recent CPI, PPI, and PCE data.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A hawkish surprise from Powell could raise yields and support the US dollar.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong><u>STOCK MARKET:<\/u><\/strong><\/h5>\n\n\n\n<p><strong>Stock Market Retreats from Record Highs<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500, Nasdaq, and Dow Jones Industrial Average saw declines amid investor caution.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Federal Reserve Chair Jerome Powell&#8217;s testimony and upcoming jobs report could challenge recent equity gains.<\/li>\n<\/ul>\n\n\n\n<p><strong>Impact on Major Indexes<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>S&amp;P 500 slightly down, breaking its streak of weekly wins.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dow Jones drops by 0.2%; Nasdaq falls by 0.4%, influenced by declines in Apple and Tesla shares.<\/li>\n<\/ul>\n\n\n\n<p><strong>Tech Sector Rally and Bubble Concerns<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nasdaq&#8217;s recent high fueled by AI-driven tech stock run-up.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Nvidia&#8217;s valuation reaches $2 trillion, raising bubble concerns, though not all analysts are alarmed.<\/li>\n<\/ul>\n\n\n\n<p><strong>Cryptocurrency and Commodities Performance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin approaches record highs with over 7% gain.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gold futures hit a record, with April contracts at $2126.3 per ounce.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Japan&#8217;s Nikkei 225 surpasses 40,000 level for the first time.<\/li>\n<\/ul>\n\n\n\n<p><strong>Upcoming Economic Indicators<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Powell&#8217;s testimony and February jobs data anticipated to influence interest rate decisions and economic outlook.<\/li>\n<\/ul>\n\n\n\n<p><strong>Regulatory Actions and Market Movements<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>EU fines Apple $2 billion over App Store restrictions, impacting its shares.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Super Micro Computer surges before joining S&amp;P 500; Macy&#8217;s stock up after increased buyout offer.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Spirit Airlines and JetBlue stocks fluctuate following the termination of their merger agreement.<\/li>\n<\/ul>\n\n\n\n<p>Start your\u00a0<a href=\"https:\/\/www.vtmarkets.net\/cfd-shares\/us-cfd-shares\/\" target=\"_blank\" rel=\"noreferrer noopener\">CFD Shares Trading<\/a>\u00a0journey with VT Markets now!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENCIES: US Dollar&#8217;s Uncertain Direction Ahead of Key Events Technical Analysis on Major Currency Pairs Mixed Performance Against Major Counterparts Market Caution Due to Packed Economic Calendar Focus on Powell&#8217;s Testimony STOCK MARKET: Stock Market Retreats from Record Highs Impact on Major Indexes Tech Sector Rally and Bubble Concerns Cryptocurrency and Commodities Performance Upcoming Economic<a href=\"https:\/\/www.vtmarkets.net\/pl\/analysis\/forex-market-analysis-us-dollars-uncertainty-tech-stocks-surge-bitcoin-nears-record-highs\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-10517","post","type-post","status-publish","format-standard","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/posts\/10517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/comments?post=10517"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/posts\/10517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/media?parent=10517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/categories?post=10517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.net\/pl\/wp-json\/wp\/v2\/tags?post=10517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}