A look at the day ahead in U.S. and global markets from Mike Dolan
Markets took a deep breath on Tuesday after Wall Street’s shock start to the week, with the emergence of cheap Chinese artificial intelligence rival DeepSeek lopping more than half a trillion dollars off what had been America’s most valuable firm Nvidia.
In trading, consolidation is a technical term that describes when a security’s price moves within a set range, without a clear trend. It’s a period of market indecision, when buyers and sellers are unsure about the next price move. (AI Overview)
EUR/USD AT 1.04195 REACHED ITS CONSIDERABLE LOWEST POINT TUESDAY MORNING AND HAS RETRACED SINCE THEN. AS AT THIS TUESDAY MORNING OF 28TH JANUARY 2025, EURO HAS RISEN TO THE POINT OF 1.04429.
THE EURO IS ON AN UPWARD TREND. IT HIT 1.04940 MONDAY NIGHT AND A FURTHER UPWARD MOVEMENT WAS EXPECCTED BUT MARKET RETRACED OVERNIGHT IN A SHARP DOWNWARD SLOPE AROUND 12 MIDNIGHT NIGERIAN TIME LATE YESTERDAY.
I THINK THE MARKET IS STARTING TO MAKE AN RETURN TO ITS PREVIOUS LEVEL AT 1.04940 THOUGH PRESENTLY AT 1.04424. THE MOVEMENT UPWARD IS SLOW BUT STEADY. IN A FEW HOURS/ DAYS THE EURO SHOULD HAVE MADE A 100% RETURN TO ITS FORMER TREND.
THIS IS MY HONEST POSITION THIS EARLY TUESDAY MORNING AT ABOUT 10:40AM NIGERIAN TIME.
Is Trending Stock NIO Inc. (NIO) a Buy Now?
For the current quarter, NIO is expected to post a loss of $0.40 per share, indicating a change of +11.1% from the year-ago quarter.
Right now it is in range between 4.00 and 4.50, but if below 4.00 targets first 3.60 and 3.20 later on.
You should be very careful with NIO as below 3.60 the road would be opened for a ride all the way to 1.20
So if you are buying it to hold onto it and in cash, you can go for it in instalments, so even if the worst comes through you gonna end up with a reasonable average price at the end.
If you trade CFD’s – it is in a bearish mode – so watch your six
When other markets crater, those hanging on to losers look to book profits elsewhere to cover losses or free up margin. We will see if XAUUSD can withstand any liquidations by holding 2725-35 (tested) … below that is fallback support from 2689-2715.
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