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EURUSD 4 HOUR CHART – What is AT saying
AT says the forex market lives to run stops
AT says when you identify where stops are most vulnerable it gives a clue what side to trade from
Proof of concept: See what happened when 1.1265 was broken… prior to that intra-day support was at 1.1270 so a double whammy run through stops
AT = The Amazing Trader (see link in the top menu bar for a 30 day trial)
A carrot for CHina but 50% is still a lot… USDJPY moves through146 on this headline
USDJPY DAILY CHART – What is AT showing
Damage not yet fatal: Watch 145.92
Break of 145.08 exposes the key 145.92 … a break here would put the DAILY trendline and 148.27 on the radar, a level that if broken would put the nail in the coffin of the downtrend.
Keeps a bid while above 145.00-08.
AT = The Amazing Trader (see link is in the top menu bar for a 30 day trial)
Weekly Perspective on NZDUSD
Kiwi couldn’t reach even close to Downtrend Resistance line dating back from 2021. waiting at 0.62050
This is not going to be a jolly close of the week for it, and if below 0.58850 and possibly 0.58450, would turn Bearish.
Only close above 0.59400 would give it another weekly chance.
XAUUSD – GOLD -1 HOUR CHART – What is AT showing?
Failure to get back and stay above 3360 (high 3369) keeps XAUUSD on the defensive.
Supports: 3320 (intra-day double bottom) and 3305 (more important) , below that a void to 3222.
AT = The Amazing Trader (see link is in the top menu bar for a 30 day trial)
Wall Street opens with gains as US-UK finalize trade deal, tech stocks rally
Wall Street saw optimism in early trade on Thursday, May 8, after U.S. President Donald Trump announced that the U.S. and U.K. have agreed on a trade deal.
At 7.20 pm IST or 9.50 am ET, the Dow Jones index was higher by 185 points or 0.45 percent, the tech-heavy Nasdaq index gained 100 points or 0.55 percent, while the broader S&P 500 index ticked up 25 points or 0.45 percent.
“The agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come,” said President Trump, in a post on Truth Social.
The U.S. President will reveal further details at 10 am ET. Trump also added that there are more deals, which are in serious stages of negotiation.
Tech stocks gained on Wednesday following reports that the Trump administration plans to roll back upcoming AI chip restrictions introduced under the Biden administration. The controls were set to take effect later this month.
Chipmakers led the rally, with Intel jumping 3.3 percent, AMD rising over 3 percent, and Nvidia edging up 0.5 percent. Among megacaps, Meta and Amazon gained more than 1 percent, while Tesla surged more than 3 percent.
Nasdaq Chart
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