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EURUSD 4 HOUR – Offered in a bid market?
Market treating bouts of weakness as EURUSD trading offered in a bid market while above 1.1500 but upside contained unless 1.1559, currently blocked by 1.1535, is broken.
On the downside, sub-1.1500 would allow down momentum to take over but only, below 1.1455 would fullt negate the risk.
Palantir’s Bear Trap PLTR
Palantir spent most of 2026 punishing anyone who bought it – Then the numbers landed.Bear Trap is the shape we have. Price has returned into the upper channel it was rejected from. As long as it holds that reclaim, the structure argues for continuation, with 220.00 as the first meaningful objective and 260.00 above it.
Note the word holds. A bear trap that fails to sustain the reclaim is just a squeeze, and squeezes give it all back.
NAS100 (NASDAQ) 4 HOUR: Bulls taking control
NAS100 leading on the stock market upside as it led on the downside.
Bulls taking control following the breakout through 28596 and followed by a move above next target at 29176.
If 29176 becomes support, next targets are at 29592 and 29851, which block a return to 30K. In any case, keeps a bid while above 28596.
Record high though is still far away at 30776 but momentum is currently pointed in that direction.
US PREMARKET MOVERS: PLTR, CAT, AMZN, ON, SPOT, SNAP, INTU, NKE
ES +0.3%, NQ +1.1, RTY +0.5%
USDJPY dips on Bessent comments (but far from 155) after failing at the 200 day mva (157.95) … , suggests 158 is pivotal, last 157.45
Crude oil drops sharply, ,yields dip on this headline:
US Treasury Secretary Bessent says we may have Iran deal tomorrow to open Hormuz, via CNBC interview
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- Deal is possible Tuesday or Wednesday, on Hormuz.
- Saw quite a few ships coming out of Hormuz, even now.
- Expects energy prices to settle down.
- Things may have been dicey in the past few days in Gulf.
- Could see big relief trades as those prices go down.
This comment from Bessent is a clue why he supported USDJPY intervention, suggsting he does not want to see the USD firm (Fin x)
Markets (news algos) reacted to this headline but still a case of seeing is believing
A word about intervention
It becomes a matter of diminishing returns the more times a central bank intervenes unless it can create further technical damage. In this case, it means firmly breaking 155.00.
Japan’s New Forex Intervention Strategy: Why Surprise Has Become Its Most Powerful Weapon
USDJPY 4 HOUR – Is the low in?
A case can be made for the low being in after a the low (155.22) paused above major 155.02 support. However, it is a long way to go to confirm with key levels not until above 160 (includes the 200 day mva). Standing in the way is the 200 day mva (157.95 tested) and the risk of a BoJ ambush. This suggests traders will be on intervention alert should USDJPY trade between 158-160,’ From a chart perspective, the rebound is still in the realm of a retracement.
Newsquawk US Market Wrap: Stocks rally and oil falls as Trump cancels planned strikes
SNAPSHOT: Equities up, Treasuries up, Crude down, Dollar up, Gold up
Right click on any image (or chart) to open a full screen in a new tab)
US500 (SP500) DAILY : Bulls can taste it With the record high at 7624 so close bulls can taste a breakout. If so, then 7624 would need to become support to open the door to 7650 with potential for 7800. If not, it would be a disappointment but not deter the risk as long as trade is above 7490-7510. Minor supports 7470-90 and 7525.
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