EURUSD and Nasdaq 100: Are These Breaks Backed by Trends?
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Nasdaq 100, Bitcoin and EURUSD Talking Points:
• While the Nasdaq 100 led some US indices to fresh record highs, there was a tangible lack of conviction – such as one of the most reserved SPX ranges in a year
• EURUSD has technically closed above 1.2150 – the midpoint of the pair’s historical range – but such a break does no register as a burgeoning trend
• As the inauguration relief rally passes and monetary policy updates prove ineffective as a driver, we now move into growth speculation with January PMIs
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