TOKYO, June 25 (Reuters) – The Bank of Japan is dropping signals its quantitative tightening (QT) plan in July could be bigger than markets think, and may even be accompanied by an interest rate hike, as it steps up a steady retreat from its still-huge monetary stimulus.
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June 25 (Reuters) – A look at the day ahead in Asian markets.
The wave of profit-taking in U.S. Big Tech and AI stocks appears to be gathering momentum, which could depress investor sentiment and risk appetite in Asia on Tuesday even if it is offset by a rotation into cheaper, beaten down sectors.
Morning Bid: Tech that – Nvidia slump sours market mood
NAS100 DAILY CHART – Key level cited
Retreat from 20k+ is still just a retracement that would need to break the red AT line (18970 in this CFD chart) to force more longs to exit.
Otherwise, it is sort of a no man’s land between 19-20k as the market is showing some cooling after the massive run to the upside.
BTC Daily chart – 60,000 under attack
BTC bulls will only give up the fight with legs dragging and kicking out of long positions.
This runs contrary tp what charts are showing, which is momentum tilted to the downside.
Thea level to watch is 60,000 as a firm break would put the major support (see chart) on the radar. A break of this level would end thoughts or should I say hope and prayer of testing the record high.
Back above 63,303 and then 65,000 would be needed to neutralize the risk.
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