Nasdaq 100 faces resistance near 25,870 – Société Générale
Source Fxstreet
The Nasdaq 100 is struggling to break through interim resistance at 25,870, hovering around its 50-day moving average amid a lack of clear directional momentum, Société Générale's FX analysts note.
Index oscillates around 50-DMA
"Nasdaq 100 has struggled to cross the interim resistance at 25870pts, which corresponds to the down gap formed in November. It has been oscillating around the 50‑DMA, underscoring the absence of a clear direction. A move above 25870pts is needed to confirm the next leg of the uptrend."
"The low recorded earlier this month near 25085pts serves as short‑term support. Failure to defend this could lead to a deeper pullback towards the ascending trend line drawn since August 2025 at 24640/24500pts."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency VolatilityMorgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.
Asian Markets Open 2026 with Record-Breaking Rally on Regional Strength, AI OptimismAsian equities have kicked off 2026 with their strongest start on record, outpacing the United States as investors shift capital toward the region’s tech sector, currencies, and corporate bonds amid attractive valuations and AI-driven growth prospects.
Asian equities have kicked off 2026 with their strongest start on record, outpacing the United States as investors shift capital toward the region’s tech sector, currencies, and corporate bonds amid attractive valuations and AI-driven growth prospects.
XRP Drops 5% After Being Hailed as 2026’s “Hottest Trade”XRP fell back to $2.18 after failing to hold above $2.28, cooling off an early-2026 rally that had been strong enough to earn the token the label of “new cryptocurrency darling” in a recent CNBC segment. The pullback underscores that even strong bullish narratives must contend with significant overhead supply at key technical resistance levels.
XRP fell back to $2.18 after failing to hold above $2.28, cooling off an early-2026 rally that had been strong enough to earn the token the label of “new cryptocurrency darling” in a recent CNBC segment. The pullback underscores that even strong bullish narratives must contend with significant overhead supply at key technical resistance levels.
Gold Prices Soar to Record High Amid Disappointing U.S. Jobs Data and Geopolitical Tensions
Gold prices surged to a record $4,601.17 per ounce as weaker-than-expected U.S. payroll data heightened expectations for Federal Reserve interest rate cuts. Ongoing geopolitical tensions in the Middle East and Venezuela further supported the metal's appeal as a safe haven.
Gold prices surged to a record $4,601.17 per ounce as weaker-than-expected U.S. payroll data heightened expectations for Federal Reserve interest rate cuts. Ongoing geopolitical tensions in the Middle East and Venezuela further supported the metal's appeal as a safe haven.
Gold, Silver Hit Records as Fed Independence Fears, Iran Unrest Fuel Haven RushGold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
Gold and silver surged to all-time highs on Monday, propelled by mounting concerns over Federal Reserve independence after the U.S. Justice Department threatened a criminal indictment against the central bank, alongside escalating geopolitical tensions as protests in Iran intensified.
Related Instrument
