NAS100 (NASDAQ) 4 HOUR (CFD): Encouraging but not yet enough

While the move back above 28000 is encouraging (keeps a bid while above it), failure to take out 28587 (near double top) leaves it dependent on 27909 along with the up trendline holding to avoid a shift in risk to key 27405 support

Reports indicate Anthropic’s IPO is about six times oversubscribed

XAUUSD WEEKLY: Breaking down

GOLD crumbling under the weight of rising US bond yields (10 year last at 5.10%)  with a new low (3852)  following the break of 3870.(prior low).

Going strictly by the weekly chart, there is a giant void below 3883 so keep an eye on whether this becomes resistance. Only back above 3870-3883-3917 would postpone the risk.

In any case, in the absence of nearby support, use 3850 (“50” level) as pivotal and 3800 (round number) as key support.

Market Update: US Bond Yields (all you need to know)

Yields moving higher => USD following (EURUSD through 1.1065, GBPUSD below 1.3250, USDJPY threatening 160, AUDUSD testing .6800) => XAUUSD plunging through 3900

NAS99 4 HOUR (CFD): Watch 28000

Nvidia, while still down, has come off its low after the initial reaction to the CEO news and this, in turn, has lifted the NAS100 back above 28000.

While regaining 28024+ eases downside pressure, it would take a move above 28587 to establish a new high for the episode.

Supports: 27911, Trendline and 27405.

Nebius (NBIS) dragging down stocks after earnings

Nebius falls 15% as company expects increased 2026 capex spend, issues weak outlook

AUDUSD is printing a new ten- month📉 low at 0.6820, extending the bearish📉 trend

BTCUSD edging lower 📉 after retesting $75K level

US bond yields ticking up (10 year at 5.00%) ahead of a slew of Fed speakers today

Current odds for a Dec rate hike (91% for 25bps, 9% for 50bps)

EURUSD WEEKLY: Long standing target

I can;t resist posting this chart again as EURUSD came within a pip of our long standing 1.1065 target (exposed while trade is below 1.1104-31)

Firex Market Update (2)

• EURUSD paused 1 pip above our long standing 1.1065 target]
• USDJPY paused after retesting 159.95 (double top), suggesting a defense of 160
• GBPUSD is back to a 1.3272 breakdown level after finding support just below the “50” level (1.3250)
• USDCAD is midway between 1.4200 (broken yesterday) and key 1.4300 resistance
• AUDUSD breaking down through .6854 leaves just the round number at.6800 as support while below it
• USDCHF is back towards it a.8313 breakout level after a .8338 high

Nvidia down after hours, weighs on stocks

Last update 162.87, −10.86, -6.25%

Nvidia’s board is meeting amid speculation it will to decide whether to iust CEO Jensen Huang,

NAS100 4 HOUR (CFD): Obstacle cited

While extending its high above 28338 is encouraging, a break of 28909, the equivalent level to US500 7718, needs to be broken to negate any lingering downside risk and put bulls in control. Only a break of 27405 would negate the current up episode.

USDJPY 4 HOUR: 160 LOOMS

USDJPY will be a focus following the breakout of a 2+ month range top at 159.03 put 160 on the radar. While talk will be whether the BOJ looks to defend 160 (watch for verbal intervention), the level it does not want to see broken is 160.38. Othewrwise, only sub 159 would dent the risk.

Market Update: Breakouts

USD: EURUSD consolidating after extending its low (USDJPY 160 looms) NAS100 extending high, break of 28338 negates last leg down, 28909 is next hurdle. Crude oil firms today

NAS100 4 HOUR (CFD): Key level cited

Key level to breaking down momentum remains at 28338, with the move up today pausing just below it. On the downside, needs to stay above 28000 to keep an eye on 28338 but keeps a bid as l;ong as trade is above 27405 and the up trendline.