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XAUUSD (GOLD): Perfect storm?
- Momentum, political uncertainty, expectations of Fed rate cuts creating a perfect storm
- The break above 3900 has put the major pivotal 4000 level on the radar
- To cool the threat, back below 4957 and 3934 would be needed.
- Only below 3897 would negate it.
- Hope for an Israel-Hamas breakthrough is so far being ignorted
XAUUSD 1 HOUR CHART
For your blotter: Newsquawk Daily Economic Releases – October 7, 2025
EURO 1.1714
macron has three choices
– name a new PM,
— call a parliamentary election or
— resign ahead of October 13 budget deadlineI would be VERY surprised if macron resigns
****
in general winds of conservatism appear to be picking up which appears to be stirring the “libtard” into indignation if not into panic.re EURO
I am biased. Biased to trade the puppy by picking up dips.
S 1.1650; Res 1.1750 in the s/term
Bitcoin’s weekend rally fueled by record bets in Options markets
Bitcoin set a fresh record on Sunday for the first time since mid-August, as the US government shutdown drove investors to safe-haven assets in a migration dubbed the “debasement trade.”The largest digital asset climbed to $125,689 over the weekend, according to data compiled by Bloomberg. It remained in touching distance of its all-time high on Monday morning in New York, changing hands at about $124,000.
Bitcoin’s advance coincided with a US government shutdown that began on Oct. 1 and has helped fuel demand for perceived safe-haven assets. The closure scuppered the planned publication of key economic data, including nonfarm payrolls. Gold surged to a record above $3,900 per ounce on Monday, extending a months-long rally.
Decreased liquidity in crypto markets over the weekend likely contributed to Bitcoin’s price momentum, Alex Kuptsikevich, chief market analyst at FxPro, wrote in a note Monday. “There was a similar pattern in July and August, when a sharp increase followed the update of highs at approximately these levels in sales,” he added.
Investors poured $3.2 billion into a group of 12 US Bitcoin exchange-traded funds last week, the second-highest haul since they launched in 2024. Meanwhile, the notional open interest on BlackRock’s iShares Bitcoin Trust ETF rose to a record $49.8 billion on Friday, data compiled by Bloomberg show.
From here, traders expect to see resistance at $135,000, with $150,000 “in sight if momentum holds,” said Rachael Lucas, analyst at BTC Markets. “But with leverage building, any sharp reversal could trigger volatility.”
Options markets are “skewing bullish” with over 60% of open interest in call options, a state of play “that reflects strong conviction but also raises the risk of liquidation cascades if momentum stalls
Euro Slips to Two-Week Low as France’s PM Resigns
The euro fell more than 0.5% on Monday, slipping below $1.167 — its weakest level since September 25 — after France’s newly appointed prime minister, Sébastien Lecornu, reportedly resigned.
The move followed President Emmanuel Macron’s decision to retain a largely unchanged cabinet, which drew swift criticism from opposition parties.
Lecornu, who took office less than a month ago, faced the daunting challenge of steering a budget through a deeply divided parliament.
The upcoming fiscal plan is expected to include unpopular spending cuts and tax hikes aimed at curbing France’s deficit — the largest in the euro area — further fueling political tension and investor concern.
BTCUSD Weekly
I posted this on October 3rd:
Bitcoin took out all the resistances except one – 120.300
If it manages above it, forget all the RSI overbought situation and expectations of a sudden drop – it will just fly…
That was said last night….and flew it did
Next obstacle is at 124.560 and after it 126.700
Watching it at bigger time frames, it is possible that BTC can hit a new high and stop right there and go into correction once again.
But….if it flies above 126.700…well…picture paints somewhere around 160K as a target.
This is Weekly chart – do I have to say anything else??
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