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Note EURUSD failure to test 1.1790 and USDJPY failure to test 145.74 and then read this blog article
What is the one word that makes the forex market move?
XRPUSD
This was one very nasty dip ( more of a dive) that XRP did in last 48H
Drop of about 20% is straight for the heart attack and if leveraged…well…hasta la vista baby…
But 3.0000 gave a nice rebound so far.
Now what it needs to go back in the game is a move over 3.4500 , but don’t really expect something like that to happen overnight.
First let’s be sure that 3.00 is holding its ground.
Otherwise we might easily see levels like 2.2000 once again.
This is pretty wild situation, so expect unexpected  – like same style upticks as this downtick that we saw now.
NIO Inc.
Nio closed just above that 4.83 level I mentioned yesterday – one that has to hold for Nio to continue straight Up.
Mind you – if it gets into a correction, it is not the end of the world…as long as it manages to survive above 4.15
Support in front of it is at 4.55
Footing at that level would give it a real chance to break above 5.50
So let’s see how this week ends up and cross your fingers 😀
This came out earlier and ECB outlook has been a factor supporting the EUR after the ECB meeting today.
Asia Morning Call-Global Markets
TOKYO – Japan’s Topix index climbed to a record high on Thursday and the Nikkei share average hit a new one-year peak, as stocks rallied for a second straight session after Tokyo struck a long-awaited trade deal with Washington. The Topix TOPIX advanced as much as 2.1% to reach 2,986.63 for the first time ever.
SHANGHAI – China and Hong Kong stocks rose on Thursday as rare earth and tourism shares rallied, and signs of easing U.S.-China tensions lifted investor sentiment. The Shanghai Composite index 000001 climbed up 0.7% to 3,605.73, the highest close since January 2022. It is now on track to register a fifth week of gain, which would mark its longest winning streak in nearly one and a half years.
AUSTRALIA – Australian shares edged lower on Monday, dragged down by Macquarie after its lacklustre quarterly results, while a rally in biotech heavyweight CSL helped limit the decline. The S&P/ASX 200 index XJO lost 0.3% to close at 8,709.40 points, after gaining 0.7% on Wednesday.
SEOUL – South Korean shares rose on Thursday on stronger-than-expected domestic data, although gains were capped by heightened uncertainty over Seoul’s trade negotiations with the United States. The benchmark KOSPI KOSPI closed up 6.68 points, or 0.21%, at 3,190.45, after rising as much as 1.7% earlier in the session.
Topix Chart
What’s Hot snd What’s Not
What’s hot
Dollar trying to catch a bid
EURUSD bid earlier out of firmer crosses but upside stalled at resistance
US stocks again moving higher into record territory
What’s not
All currencues down vs the USD… EUR lagging
Gold is down but off its low
Bonds are down but off lows (yields backed off highs)
Why levels matter and why we call our charting algo The Amazing Trader (AT)…scroll below for an earlier video update
EURUSD
Chart says it all
High 1.1789 vs. 1.1790 (AT) resistance
EURUSD 4 HOUR CHART
ETHUSD – Ethereum 4h
It is pretty clear what Ether is supposed to do to continue Rally – to take over that Resistance line at 3680.00
Supports: 3630.00, 3595.00 & 3555.00
Looking at the big picture – Daily – it is going to be very difficult – probability is to the down side for now.
So we’ll see how it develops in couple of hours
EURUSD 1h
If EUR goes above 1.17800 in this bar/hour , it will continue towards 1.18600
Another possibility is for it to close this bar just above 1.17550 – next bar will be Up
Worst case scenario for EUR is to close this bar just below 1.18600 without first breaking it….that might lead it in next hour the same way down as it climbed in this hour…
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