PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

6 April 2023,05:58

Weekly Outlook

Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease

6 April 2023, 05:58

Share on:
Share on:

On Wednesday, 8 March, the U.S. ADP Nonfarm Employment Change data for February was released, coming in at a lower-than-expected 145,000 against the expected 200,000 and down from January’s figure of an upwardly-revised 261,000. This is the latest in a string of cooling data showing that the Fed’s aggressive tightening regime might finally be taking effect on the last holdout of economic resilience – employment. Previously, JOLTs job openings saw an underperforming 9.931 million (against an expected 10.4m) and dropping near a two-year low; while jobless claims came in 2000 higher than expected at 198,000. 

A higher chance of inflation coming under control, however, also means a higher risk of recession; given the warning signs already coming in the form of previously sustained periods of yield curve inversion and the recent bank collapses. 


Markets are already starting to price in a recession. Gold cleanly and quickly broke past the 2000 psychological resistance earlier this week, catapulted by a double tailwind of a weakening U.S. dollar and safe-haven buyers. Equity markets are also showing weakness, with the S&P down 0.25% from Wednesday and the tech-heavy Nasdaq sinking 1%. 

Fear, it seems, hit some earlier than others. OPEC+, including Russia,  agreed to cut oil production last Sunday, conceivably on a poor demand outlook despite earlier positive signs coming from China. Prices seem to have stabilised after surging to the $80 range; although further signs of weakening in the U.S. economy will exert further pressure. We also saw gold 

All eyes are now on Friday’s NFP data, which will be released on Friday, 7 Apr at 15:30 (GMT+3). Employment is expected to increase 240,000, down from last month’s 311,000. While previous employment data shows slowing, the NFP is the keystone for the employment outlook – an as-expected or lower-than-expected number might give the Fed the impetus to pause or even reverse hikes at the upcoming 2 May meeting. Punters are now betting on a 55% chance of a pause; while the rest are looking at a quarter-point hike. 

As a  friendly reminder, do keep an eye on market changes, control your positions, and manage your risk well. 

Starten Sie mit einem Vorteil in das Trading

Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.

  • Beginnen Sie mit Einzahlungen ab nur $ 50 auf unsere Standardkonten mit dem Trading.
  • Erhalten Sie Zugang zum 24/7-Support.
  • Sie haben Zugang zu Hunderten von Instrumenten, kostenlosen Schulungsmaterialien und einigen der besten Promotionen, die es gibt.
Jetzt registrieren

Latest Posts

Schnelle und einfache Kontoeröffnung

Live-Konto erstellen
  • 1

    Registrieren Sie sich

    Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren

  • 2

    Zahlen Sie Geld ein

    Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein

  • 3

    Beginnen Sie mit dem Trading

    Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!