[Fundamental × Technical Feature (12)] Market trends beyond currency pairs (NASDAQ & GAFA, crypto assets & commodities)
【Feature: Fundamentals × Technical】
Find the optimal approach to decipher the market!
This time we approach the market from both fundamentals and technicals! We analyze major countries and major currency pairs from multiple perspectives and information sources, and uncover hints to locate the best approach facing the market. In addition, we pick up widely discussed individual stocks, cryptocurrencies, and commodities to give a comprehensive wrap-up of the 2020 market.
In fundamentals, we’ll have Yen-kura-san provide the outlook for stock indices and forex; in technicals, we’ll present long-term views on major currency pairs with the analyses of forex professionals Yoshiji Yamanaka!
・② Dollar: United States' situation
・④ Pound: United Kingdom's situation
・(12) Market beyond currency pairs (NASDAQ & GAFA, cryptocurrencies & commodities) ←This article is here
※This article is a reprint/re-edit of FX攻略.com March 2021 issue. Please note that market information described in the text may differ from the current market conditions.
YEN-kura Profile
Has worked for over 20 years as a foreign exchange trader at City Bank (US), Standard Chartered (UK), and other foreign banks. Currently a top professional trader handling forex, Nikkei 225, Nikkei options, and individual stock trading. President and representative director of ADVANCE Co., Ltd., which mainly distributes investment information.
Newsletter:YEN-kura Real Top Trading
Blog:YEN-kura’s FX Investment Techniques – Investing in the world with dollar, yen, euro, pound, and AUD
Twitter:https://twitter.com/YENZOU
Yamanaka Yoshiji Profile
Director of Ascendant. Joined Bank of America in 1982, became Vice President in 1989, Propriety Manager in 1993. 1999, Deputy Head of FX Funds at Nikko City Trust Bank. 2002, founded Ascendant Co., Ltd.
Official blog:FX information distribution site provided by Ascendant/Yamanaka Yoshiji
Twitter:https://twitter.com/yasujiy
NASDAQ ＆ GAFA
Introducing the U.S. stock indices that drew constant attention in 2020 and the four major IT companies by market capitalization that dominated the scene
Overview of the NASDAQ Composite
A stock index calculated as a market-capitalization-weighted average of all listed companies on NASDAQ, the exchange established and operated by the National Association of Securities Dealers (NASD) for emerging companies since 1971.
Because many are IT-related venture firms, their performance tends to reflect in stock movements. Since the giants that occupy the top market caps are world-renowned companies, it has become one of the representative stock indices of the United States.
Overview of GAFA
A term referring to the four major U.S. high-tech companies with especially strong influence in the IT field, often called “digital platforms.”
Taken from their initials: Google (search engine and online ads), Apple (digital devices such as iPhone and Mac and their OS), Facebook (a massive social network with over 2.7 billion active users), and Amazon (the world's largest online retailer).
As top market-cap companies listed on NASDAQ, their huge size significantly affects the overall index movements.
