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Energy sector is lagging amid growing Nasdaq: what’s next?

From exness.com

The current week in the financial markets has supported the US dollar, as bond traders have pressured treasury bonds on Wednesday, mostly at the short end of the curve. The sell-off in the bond markets reflected some change in expectations about the possible rate cut for the US in March: probabilities of an interest rate decline dropped below 60%, so expectations around the monetary policy become rather neutral, rather than dovish. Another driver for markets this week is a continuation of the earnings season: Taiwan Semiconductor jumped by more than 9% after stronger-than-expected earnings, giving hope for the ... (full story)

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  • Category: Technical Analysis