- This topic has 28,036 replies, 54 voices, and was last updated 1 day, 9 hours ago by .
-
US PRE-MARKET MOVERS: AAPL, TTAN, GOOG, SIG, CHYM, DOW, EVMN, IRT/CSR
ES -0.4% NQ -0.6% RTY -0.6%
Bessent verbal intervention sent USDJPY lower but did not make a new low.
“I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do,” Bessent said. “And you can bet against me if you want.”
How Interest Rates Affect Financial Markets and Traders
EURUSD 4 HOUR: Power of “50”
What caught my eye was not the brief break of 1.1641 nor the stall below 1.1660 but the pause just below 1.1650, which is a key pivotal level as it is the 1.15-1.18 midpoint.
To build momentum, 1.1650 would need to become support.
On the downside, 1.1621 and 1.1606 block a return to 1.16.
XAUUSD (GOLD) 1 HOUR: 5 days in a row
Still unable to shake a focus from 4400, which has traded for the 5th day in a row.
The longer this pattern goes on the greater the chance of a directional move once it is broken.
In the meantime, it is rewarding range traders with 4341-4442/49 range narrowed to 4370-4413.
Forex Market Snapshot
Markets continue to shrug off firming oil prices (but for how long?) where Brent touching $100 per barrel is grabbing headlines.
It may be a matter of a wait-and-see ahead of key events, an expected ECB rate hike Thursday and US inflation reports over the next two days.
In the meantime the dollar is trading a touch softer but so far with limited follow through after EURUSD paused around 1.1650 and USDJPY found support again just below 153.
US Market Wrap: Stocks fall and crude gains amid escalating geopolitics
SNAPSHOT: Equities down, Treasuries down, Crude up, Dollar flat, Gold down
NAS100 (NASDAQ) 4 HOUR: Bids after stops
Attempt to build momentum off the pause just below 29748 met with bids after stops were run rather than follow through below 29400, which is the new obstacle to exposing 29K.
Unless broken, expect more indecisive trading with the onus on the bull side to keep the downside in check as NAS100 trades more on the defensive.
EURUSD Daily
As called yesterday, EUR made an Up attempt today, but stayed shy of Resistance at 1.16450. Hight at 1.16358 – exactly the same as yesterday!
Now let’s see where we close tonight – Close above 1.16225 would leave us with a Pattern calling for a new push Up tomorrow, and stops behind todays high might lead to break of 1.16450 -open road for 1.16650
Major Support at 1.16150
but not good enough yet
- You must be logged in to reply to this topic.