- This topic has 28,092 replies, 54 voices, and was last updated 6 hours, 32 minutes ago by .
-
XAUUSD (GOLD) UPDATE
- Weren’t we talking about 5000 just a few days ago?
- Hit an air pocket with a freefall, crashing through key 4402 support to a low at 4099 before a bounce back above 4200.
- Given the volatility, pivotal round numbers such as 4000, 4200 and 4500 increase in importance
- On the downside, it needs to hold back above 4200 to avoid exposing 4000, a level that no one on the shattered bull side wants to see broken.
- On the upside, 4402+ is needed to put 4500 back in play.
XAUUSD DAILYCHART
Forex Market Snapshot
- Global markets have little choice but to start the week in a risk off mood given President trump’s threat to attack Iran’s power plants unless it agrees to open the Strait of Hormuz and Iran’s threat to retaliate.
- This has seen the USD firm, US stocks fall, Gold plunge, bond yields rise and crude oil firm.’
- Ub forex, the AUD is weakest, followed by the NZD and EURUSD dipping back below 1.15, JPO is weaker byu lagging (USDJPY still below 160).
- With the 48 hour deadline ending today it is a wait-and-see, headline watching day to see if President Trump carries through on his threat.
BTCUSD (BITCOIN) UPDATE
- At this time yesterday, BTCUSD was trying to re-establish above 70K but currently the worm has turned with a move back below it putting it on the defensive.
- While this is still more chop within a broad 65K-76K range, a move below 68K would put the bottom of the range and key 64884 support on the radar.
- While above 68k, focus stays on 70k
BTCUSD DAILY CHART
WASHINGTON – U.S. President Donald Trump on Saturday threatened to “obliterate” Iran’s power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours, a dramatic escalation barely a day after he talked about “winding down” the war.
If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!” Trump said on social media….Reuters
In our blog
Be a winner, not a loser!
Why Traders Lose and How to Reverse It By Outsmarting Your Broker
U.S. Lifts Sanctions on Some Iranian Oil to Get More to Market
Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
The Treasury Department on Friday temporarily lifted sanctions on Iranian oil that is currently at sea, authorizing it to be sold to most countries. The license applies to oil loaded on vessels as of March 20 and extends until April 19…NYT
(Fin X)
BTCUSD (BITCOIN) UPDATE
- While 70K is pivotal in setting the tone key levels are outside of it around 65K and 76K.
- It is hard to see what BTC is correlating with other than getting some support as an alternative to physical gold
- Using the chart, 68702 needs to hold followed by a break of 75946 to build up momentum while a break of 64986 would send the risk the other way.
- Otherwise, expect more chop within a 65k-76k range.
BTCUSD DAILY CHART
Newsquawk US Market Wrap: Stocks hit on geopolitics and hawkish rate expectations
What is Quad Witching?
“Quadruple witching day (“quad witching”) is a real stock market term. It refers to a day when four types of derivatives contracts all expire at the same time.
- Stock options
- Stock index options
- Stock futures
- Stock index futures
It happens four times a year ,on the third Friday of March, June, September, and December.
On these days, you often see:
- Higher trading volume
- Increased volatility, especially near market close
- Large institutions adjusting or closing positions
Simple way to think about it
A lot of contracts are “ending” at once, so traders rush to:
- Close positions
- Roll them into new ones
- Hedge exposure
Creates erratric price movements and volatility in stocks and indexes.
DAX Slips to 11-Month Lows
Frankfurt’s DAX 40 closed about 2% lower at 22,380 on Friday, the lowest since April 2025, marking the third consecutive session of declines.
For the week, the index logged a 4.6% decline.
Traders weighed the risk of further escalation in Middle East tensions, reviving concerns over a prolonged energy crisis and price pressures.
Now this is becoming very dangerous for DAX – that Support line below it is at 22.350
If lost open a road for 20.500
Bitcoin trades sideways near $70K as macro pressure caps upside
The total crypto market cap saw a modest recovery and briefly moved above the $2.5 trillion mark before facing resistance and stabilising around $2.49 trillion.
The Crypto Fear and Greed Index saw no change over the past 24 hours, remaining stuck within “Fear” levels at 31.
Bitcoin got rejected today at SMA 7 that serves as a resistance now.
65 K is in crosshair
64.500 is a last line od defense, which if broken open a way for test of 60 K
European session wrap: Markets stay on edge as Middle East conflict drags on
Brent crude oil up 0.5% to $108.17, WTI crude oil up 0.3% to $94.93
CAD leads, JPY lags on the day
European indices set to end the week lower, S&P 500 futures down 0.3%
Gold up 0.3% to $4,662, Silver down 1% to $72.20
US 10-year yields up 1.7 bps to 4.30%
Bitcoin up 0.3% to $70,701
- You must be logged in to reply to this topic.