- This topic has 28,268 replies, 54 voices, and was last updated 1 hour, 9 minutes ago by .
-
XRPUSD
Ripple held above support at 2.7810 last 4 days and  had a brief excursion above 3.0500
Now it looks like getting ready for a break Up.
Close tonight above 2.9720 would be a good positioning for tomorrow trial.
Resistances: 3.0620, 3.1635 & 3.1860
If it manages to conquer the last one, we should be seeing levels around 3.40 at least
What’s hot and what’s not?
What’s hot?
EUR, CHF JPY, (GBP, CAD, AUD, NZD) about tied), up vs the USD in this order
Gold is firmer
What’s not?
USD trading lower as it consolidates after rising sharply to start the week.
What’s hot/not?
US stocks mixed after aa whipsaw day following Trump’s poat about firing Fed Gov Cook
US bond yields close to unchanged (after 10 year briefly above 4.30% on Cook news)
Bitcoin is trying to hold above 110,000
Why a Ftench Governmrnt Collapse Is Looming
High-Stakes Confidence Vote Set for September 8
French Prime Minister François Bayrou has scheduled a confidence vote for next month. If the government loses, it will be forced to resign.
Widespread Opposition Coalitions
Major parties—including the far-right National Rally, the leftist France Unbowed (LFI), the Socialists, and the Greens—have all pledged to vote against the government.
Forecasts Predict Defeat and Collapse
Analysts estimate only a 30% chance that the government will survive through the end of 2025.
Market Turmoil Reflects Political Risk
Financial Markets Are Reacting Sharply
French stocks and bonds are tumbling as markets brace for political instability. Bond yields have spiked while major bank stocks have taken heavy hits.
Threat of IMF Involvement Looms
Economy Minister Éric Lombard warned that failure to restore fiscal stability may necessitate an IMF bailout. (Source: Intetnet)
DAX Index
Dax is in the consolidation for exactly month and half now, and we should see some real moves soon.
For as long as it is comfortably situated within the upper channel – 23.700-25.200 it has a potential to run for a new high.
But first we have to see it breaking above 24.450
Resistances: 24.205, 24.315 & 24.355
Supports: 24.035, 23.820 & 23.700
- You must be logged in to reply to this topic.