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Trading Tip
As posted yesterday has been a good guide today
A friend just sent me this: As time keeps running out into year end, I suspect techs are going to become less reliable and trading will see more bouts of failed momentum as players will be lurking to bag profits or minimize/null losses.
Example today: EURUSD 1.1703 => 1.1737 => 1.1708 => 1.1719
Test of this comes later to see if US stocks can break out to the upside. (i.e. above US500 6831, NAS100 25398 — scroll to see earlier posts)
With the impact of today’s verbal intervention having a short shelf life with USDJPY now higgher than when it hit the newswires, this article is worth your attention
Understanding Forex Intervention: Lessons from Japan’s Approach to the Yen
What is Quad Witching?
Quadruple witching hour (often shortened to quad witching) is a term from the stock market.
It refers to a specific time four times a year when four types of financial contracts expire at the same time, which often causes unusually high trading volume and volatility.
The four contracts are:
- Stock index futures
- Stock index options
- Single-stock options
- Single-stock futures (less common today)
When does it happen?
- On the third Friday of March, June, September, and December
- The most intense activity usually happens in the last hour of trading (that’s the “witching hour”)
Why does it matter?
- Traders may close, roll over, or adjust positions, causing:
- Sudden price swings
- High volume
- Short-term volatility
It doesn’t predict market direction bt makes the market more active for a short time.
Is it risky?
- For day traders, it can be risky because prices can move fast.
- For long-term investors, it usually doesn’t matter much.
UISDJPY dips just now non verbal intervention (sill above 156.94)
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DAX Extends Gains but Set for Weekly Drop
Frankfurt’s DAX advanced 0.4% to around 24,280 on Friday, extending gains from the previous session amid expectations of additional US rate cuts next year and reduced bets on ECB rate hikes in 2026.On the economic front, German consumer confidence was expected to decline significantly heading into January 2026, while producer prices fell more than anticipated in November.
Leading the gains were Siemens Energy (+1.1%), HeidelbergCement (+1.3%), and Deutsche Post (+0.7%).
Despite Friday’s advance, the index is down 0.4% for the week, on track for its first weekly loss in four.
FTSE 100 Flat In Cautious Trade
BRUSSELS (dpa-AFX) – UK’s FTSE 100 was flat a little past noon on Friday with investors largely refraining from making big moves. A report showing an improvement in consumer sentiment supported the market, while data showing an unexpected drop in retail sales appeared to render the mood cautious.The FTSE 100 was at 9,838.10 (up 0.33 points) about a quarter past noon.
DCC, up nearly 2%, was the top gainer in the FTSE 100 index. Rolls-Royce Holdings climbed 1.7%, while Fresnillo, Admiral Group, Melrose Industries and Metlen Energy & Metals gained 1 to 1.2%.
Intercontinental Hotels, Standard Chartered, Barclays, Prudential, SSE, Halma, Reckitt Benckiser, HSBC Holdings and Babcock International posted modest gains.
Bitcoin will climb to $143,000, according to this Wall Street forecast
Bitcoin is forecast by Citi to reach $143,000 next year.
Bitcoin will rally to $143,000 next year as investors continue to increase digital asset adoption through exchange-traded funds, according to a new Wall Street forecast.
Analysts at Citi said the $143,000 level is their base case for bitcoin’s price, with a bull model north of $189,000 and a bear estimate of around $78,500.
Bitcoin (BTCUSD) on Friday was trading around $89,000 – down about 30% from its late October peak.
Fed’s Williams speaks
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CDA retail sales miss
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Newsquawk US Pre-Market Mover
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Newsquawk Daily US Opening News
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