- This topic has 28,006 replies, 54 voices, and was last updated 2 hours, 52 minutes ago by .
-
COMING UP: Data: EU Final Inflation (Sep), Italian Final Inflation (Sep), US Import/Export Prices (Sep), Industrial Production (Sep).
Speakers: BoE’s Bailey; Fed Chair Warsh; BoC’s Macklem.
Supply: Australia. Credit Ratings: Morningstar DBRS on Italy.
US Market Wrap: Stocks recover from recent weakness as AI concerns ease
SNAPSHOT: Equities mixed, Treasuries down, Crude mixed, Dollar down, Gold up
(Right click on any image (or chart) to open a full screen in a new tab)
NAS100 (NASDAQ) DAILY: History lesson
As posted earlier, history showing NAS retracements have proved short-lived and followed by news highs is again being put to the test.
To give history a chance to repeat,as a first step 30000-100+ would need to be regained and then see 30686 + the trendline broken.
BTCUSD vs ETHUSD
BTCUSD: I am not sure what to say about a 4 hour candle with a 3.6% range other than to say bids stepped in following a run through stops below 80K. That’s like a 400 pip candle in EURUSD. Is this mission accomplshed (i.e. stops below 80K) or just a pause before a fresh assault? In any case, 82K+ is needed to shift the focus from 80K.
ETHUSD: Performing better with a higher low above 2312. To translate this into momentum, 2500+ would be needed. Note 4 hour candle had a 5.4% range.
Market Update: Correlations
Correlation has been weaker stocks (led by NAS) => lower bond yields => weaker USD
Stocks rallying (NAS still below 30K, USA500 back above 7700) =< bond yields ticking up (10 year 5.098% vs. 5.038% low)=> modest correlations the other way (EURUSD back to 1.12, USDJPY back above 158)
US500 4 HOUR: Watch 7700
This caught my eye earlier: Yardeni cuts S&P target to 7,900 from 8,400; warning that investor caution could push stock valuations lower Meanwhile, focus has shifted to 7700 to set the tone as US500 follows a weaker NAS100 with a lag.
1) Should 7700 become resistance then 7617, a level bulls do not want to see broken, becomes a target.
2) If not, then needs to get back above 7707 and then 7732 (on this CFD chart) to be back in its old range.
Sept Retail Sales beat but only a brief reaction to slew of data with bond yields slipping following a brief uptick…so far limited ripple effects (e.g. USD dip) elsewhere… keep an eye on correlations with bond yields
s
- You must be logged in to reply to this topic.
Global View
Forex Trading Forum Forex, Nasdaq, S&P 500, Stocks, Bitcoin, Gold….
Global View | The Original Forex Trading Forum
Forex Forum Global View is one of the longest-running and most respected destinations for forex traders worldwide. We provide a vibrant online community where traders of all experience levels come together to exchange ideas, discuss strategies, and stay informed about global market developments.
Since our founding in 1996, we have built a legacy as a trusted place that empowers retail and professional traders alike. Our mission is simple: to provide a space where forex knowledge flows freely, and every member can grow through real-time conversation, expert insights, and shared experiences.
It isn’t just another forum; it’s the original and leading destination for Forex traders worldwide since 1996! Immerse yourself in a vibrant online community where traders of all levels connect, share strategies, and stay ahead of global market developments. Get real-time trading tips from real traders on Forex, stocks, Bitcoin, and more. We offer educational content, real-time charting tools, and access to proprietary Algo Trading systems. Join Global View today and become part of a global network of successful traders, where knowledge flows freely and your trading journey thrives! Elevate your game and experience the power of community-driven insights.
A Real-Time Forex Live Forum for Serious Traders
The fast-paced nature of the currency markets demands tools and platforms that keep up with the action. At Global View, we offer a live forum that features timely discussions and market reactions as they happen. Whether it’s breaking economic news, central bank announcements, or technical levels being tested, our members are always actively sharing their thoughts and forecasts in real time.
You’ll find live threads covering:
- Major and minor currency pairs
- Nasdaq
- S&P 500
- Dow Jones Index
- DAX
- FTSE
- Crypto
- Bitcoin
- Ethereum
- XRP
- Major Stocks
- Nvidia
- Tesla
- Apple
- AMD
- Crude Oil
- Gold….
- Technical and fundamental analysis
- Trade ideas and setups
- Macroeconomic news reactions
Our live discussions make Global View more than just another traders forum—they make it a key part of your daily trading workflow.
Connect With a Global Network of Forex Traders
Forex Forum
Looking for a place where serious forex investors connect and collaborate? Global View is more than a discussion board—it’s a full-fledged investment forum. Our members range from independent traders to hedge fund managers, all eager to share insights, ask questions, and learn from each other.
You can:
- Join topic-based threads to learn new trading strategies
- Post trade ideas and receive constructive feedback
- Stay up to date with market-moving events
- Gain long-term insight into trading psychology and portfolio management
Our community fosters respectful and insightful conversation—perfect for traders who are committed to improving their craft.
Beyond the Forum: Tools, Education & Algo Trading
Global View isn’t just about conversation. We provide additional resources to support your trading, including:
- Educational content and webinars
- Real-time charting tools
- Access to our proprietary Algo Trader and Amazing Trader systems
- Exclusive discounts on prop trading challenges, broker accounts, and premium tools
Whether you’re just starting out or have been trading for decades, Global View is your go-to platform for connection, education, and execution.
Join Global View today—the original and still one of the best trading forums for serious traders around the world.
You can take a FREE Trial of Our Proprietary Algo Charting System – The Amazing Trader
Click HERE
Join Our Global Traders Association – GTA – for FREE – Click HERE
