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US OPEN
US equity futures lower whilst USD gains ahead of Trump-Hegseth meeting
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.
4 Things You Need to Know
European indices hold a negative bias, airliners on the backfoot with Heathrow closed; US futures are also lower.
USD is broadly firmer vs. peers with macro newsflow on the light side, but ahead of Trump-Hegseth meeting at 15:00GMT.
Gilts underperform on more unfavourable developments for Reeves, Bunds bid.
TTF ignites on Sudzha damage,
XAUUSD 4 HOUR – What is The Amazing Trader (AT) saying
AT Directional Indicator (2 blue lines off the high) indicating a downside risk BUT only a move through 3022 would suggest anything more than consolidation.
Below 3022 lies 3000-05
Above 3047 would put the record 3057 high in play again.
Using my platform as a HEATMAP shows..
… the dollar trading firmer although except for USDJPY, all are still below Thursday’s highs
Another case where news reports look for some excuse to explain the price action
This time it is the Fed being in no rush to cut rates
EURUSD: Looks like it will break an 8 day pattern around 1.09 (bearish)… needs to stay above 1.0805 to avoid an outside week
Stocks a touch lower, US bond yields. steady, DAX is weaker
XAUUSD: Lower after no new record high today
Light news day
Tesla – TSLA
Tesla is recalling 46,096 Cybertrucks to fix a stainless-steel side panel.
Investors can follow the recall data, just so long as they don’t overreact.
For such an expensive crap, this is embarrassing – no matter what all those “analysts” and news anchors are telling you.
Technically – when it comes to charts situation is simple :
– If Tesla can’t go over 238.00 tomorrow, we’ll see another drop down.
– If it manages to conquer it and 252.00 later on, it should turn Up and come close to 305.00
Until next part becomes an issue….
DAX – GER 30
Supports: 22.800, 22.600 & 22.400
Resistances: 23.350 & 23.480
Yoyo behaviour continues – I wouldn’t be surprised to see a new high tomorrow.
Technical analysis can do as much, and right now I follow it using my feelings….so not tradable any more.
Technically , DAX should now turn south and test the supports at 22.400 and even 21.700
We’ll need few days to get clearer picture.
XAUUSD 4 HOUR CHART – What The Amazing Trader (AT) is saying
AT says: There is no reason to guess at a top until charts tell you there is a reason to do so.
Upside at risk as long as trade is above 3022.
USDCAD 1 HOUR – 2 WAY RISK
As I noted in What is this USDCAD chart telling us about tariffs? a 2-way risk has been restored (between 1.42-1.45).
On the downside, 1.4290-1.4307 needs to hold to contain the retreat from 1.4401, currently protected by a 1.4115 double bottom..
Ethereum Price Analysis: Is ETH Ready for a Decisive Break Above $2K?
Ethereum has been going through a terrible period of depreciation, as the price has been consistently making lower highs and lows. Yet, things might just be about to change.On the daily chart, ETH has been in a strong downtrend, breaking below the critical 200-day moving average and losing multiple key support zones. Prices have recently bounced from the $1,900 demand zone but face resistance near the $2,100 level.
The 200 DMA, currently above $2,800, adds additional overhead pressure, making recovery attempts challenging. Meanwhile, the RSI is climbing from oversold territory, indicating potential short-term relief. However, unless ETH regains the $2,400 area and the 200-day moving average, the broader trend remains bearish.
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