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NIO Inc. Stocks
After a sizeable dip today, Nio rebounds strongly…
Now let me give you reality of it all:
Moves like this one – that started on 8th July of this year , usually go in two waves and we’ve seen them already.
There is always a possibility that it might break to the new high and make another wave as big as previous two, but probability of it is very low.
This current move can easily end up in 6.65 area and push Nio down towards 5.50
However, if we are going to look at it with high positivity, if Nio moves above previous high we would be in for attack at 7.71 and the whole formation starting back in April 2024. would be one Giant Bear Trap – and I am counting on it…
So let’s sit back and watch 😀
NAS100 (NASDAQ)
What stands out in the NAS is its failure to following US500 to a new re4rod high.
Now on the defensive and dependent on 22970 and then 22677 holding to keep the downside ciontained.
]Treat any bounce that fails to regain 23316 as a retracement, at least for today.
NAS100 4 HOUR CHART
As posted earlier (bounce since from 3470… 3500 clearly the pivotal level)
XAUUSD (GOLD)
New record high t 3508: Was this mission accomplished?
3500 will ultimately answer the question
Meanwhile 3450-66 needs to hold as support to keep a bid focused on 3500 while only below 3437 would produce n outside day.
XAUUSD 1 HOUR CHART
Palantir Technologies Inc. Stocks – PLTR
Palantir is trying for a break – if it manages above 158.00 , there are two more hurdles above the head:
161.75 & 162.40
Break of would open a way for attack of 180.00 and previous High at 190.00
Success to do so would create a perfect Bullish pattern.
However, failure would call for a new low – below 142.35
Euro Slides as European Bond Yields Surge on Fiscal Concerns
The euro slipped toward $1.16 on rising European government bond yields, as investor focus shifted to mounting fiscal concerns.
French and German 30-year yields hit levels not seen since 2011, during the eurozone sovereign debt crisis.
Germany’s medium-term finance plan foresees roughly €500 billion in net new borrowing through 2029 to fund increased infrastructure and defense spending.
In France, concerns over the country’s debt burden are a key factor behind the prime minister’s confidence vote scheduled for next week.
Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above both market expectations and the ECB’s 2% target, reinforcing forecasts that the central bank will keep interest rates unchanged at next week’s meeting.
Sterling Slides as Gilt Yields Spike
The British pound fell below $1.34 on Tuesday, its weakest level since early August, amid a sharp rise in long-dated UK government bond yields due to concerns over the country’s fiscal outlook.
The yield on the 30-year gilt climbed to its highest since 1998, intensifying pressure on Chancellor Rachel Reeves ahead of the Autumn Budget and further squeezing already limited fiscal space.
Reeves is widely expected to announce tax increases to rein in the deficit.
Political attention also turned to Westminster, where Prime Minister Keir Starmer unveiled a cabinet reshuffle on Monday.
Meanwhile, investors are focused on the Treasury Committee’s questioning of Bank of England policymakers for signals on the path of interest rates and any potential adjustments to the central bank’s quantitative tightening program.
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