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Fed’s Willams started out sounding hawkish but then indicated Fed could cut rates
His speech was what I would have expected from Powell rather than what he delivered at Jackson Hole (IMHO)
Source: Try Newsquawk free for 7 days
Ethereum (ETH) Bull Run Heats Up as $6B Shorts Face Liquidation
Ethereum tracks rising global liquidity, with analysts warning a breakout could send ETH toward $7,000.
Over $6 billion in shorts risk liquidation at $4,900, raising chances of a sharp
squeeze.
BitMine treasury and ETF inflows boost demand, with $2.8B entering spot ETH funds in August.
Ethereum is holding firm above $4,550 as macro conditions improve and liquidity expands.
The $ETH Accumulation phase is history. Bull run phase is active.
Liquidity curls higher and Ethereum follows. This is not “hopium.” This is macro.
Ignore this signal, and you’ll be buying ETH at $7K instead of $4.4K.
Leverage is another factor to watch. More than $6 billion in Ethereum short positions could be forced to close if the price reaches $4,900. “Massive short squeeze is coming soon”
Forced liquidations occur when markets move against traders holding leveraged short bets. Covering those positions can accelerate buying pressure, especially near major resistance zones. Ethereum has risen 4% in the past day and almost 9% weekly, bringing such levels within reach.Market Structure and Technical Levels
A sustained move above $5,000 would likely confirm a new phase of price discovery, while the structure remains bullish unless Ethereum drops below $4,000.
All in all, the main levels to watch are the 2021 all time high level around $4.9K and the local support at around $4K-$4.1K.
French Confidence Vote Update
On September 8, François Bayrou’s minority government faces a confidence vote over a highly contentious €44 billion austerity package. Opposition from both left-wing and far-right parties makes its fall highly likely.
If Bayrou’s government fails the vote, whxh seems likely, Macron has 3 choices:
1) Appoint someone new (replace Bayrou)
2)Keep Bayrou on temporarily with a caretaker government
3) Call snap elections
Using my platform as a HEATMAP shows,,,
.. the dollar is trading firmer as the forex market finally woke up to growing political concerns in France. If here is an outperformer it is the CAD, which is down the least vs the USD.
On order of strength vs the USD
1. CAD
2. GBP
3. JPY*
4. CHF*
5. AUD*
6. EUR
7. NZD
* tied
Rocket Lab Corporation Stocks – RKLB
Shares of aerospace and defence company Rocket Lab RKLB jumped 3.7% in the afternoon session after the stock’s positive momentum continued as the company announced it will receive a $23.9 million award under the CHIPS and Science Act and is opening its new Neutron launch complex this week.
The government funding is designated to expand U.S. manufacturing capacity for space-grade solar cells and electro-optical sensors, which are critical for national security missions.
Rocket going up and fast, as its name suggests…but…
Failure to reach above 52.00 and test previous high at 53.45 might leave it with a double top after all…
It is to be seen in coming few days, but nevertheless cautious is advised.
Duolingo Inc. Stocks – DUOL
Shares of language-learning app Duolingo DUOL fell 3% in the afternoon session after Google announced new artificial intelligence-powered live translation and language learning tools, signalling a potential threat to Duolingo’s market position.
If it goes below 307.05 next level to watch will be 265.00 and subsequently 200.00
NIO Inc. Stocks
And Nio rally continues…
No hesitations, no unusual pull backs.
Target stays at 7.71 – first serious resistance in front of us.
Supports: 6.55, 6.40 & 6.10
From the beginning of this rally – at 4.37 , 12 days ago Nio went up over 56%
Last time it did something like this was back in 2024.
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