- This topic has 11,679 replies, 48 voices, and was last updated 3 weeks, 5 days ago by .
-
US500 4 HOUR CHART – RISK OFF
i guess with hindsight one could say that a correction was overdue given the proximity of the Us election and uncertain outcome.
Using this CFD, .5763 is a key support, needs to hold to contain the downside. 5733/5700/5675 below it.
On the upside, back above 5800-05 would restore a bid.
Note tech dragging down stocks.
One of more popular blog articles
Many international equity managers like to minimize the forex exposure of their equity portfolio and put on forex hedges to reduce that risk. Thus, at the end of each month they adjust the size of their hedges to bring them back into line with the current size of their portfolio.
What does this mean for the forex trader?
Have you ever heard of the term “month-end rebalancing?”
NAS100 4 HOUR – Retracing off the high
Retracement from its high needs to hold 20306 to keep the current up episode intact.
Otherwise, risk is for 20122 but downside contained unless 20,000 is breached
So far, NAS100 came close but has yet to set a record (missed by 100 pts), thus not confirming the record high set in the Nasdaq Index. I am not sure how significant this is as it is a CFD but worth pointing out.
EURGBP 4 HOUR CHART – REVERAL OF FORTUNE
I feel like a parrot repeating to keep an eye on EURGBP if trading EURUSD and/or GBPUSD.
EURGBP’s rebound from a failure to test .8295 yesterday, which lifted EURUSD while ultimately weighing on GBP{USD, would need to take out .8380-88 to expose .8405.
Otherwise, look for .8350 to remain pivotal in setting the tone while it trade .8300-.8400..
Month end
EURGBP tends to be one of the more active month end flows, often on both sides at different times, so keep an eye on it Thursday, including its impact on EURUSD and GBPUSD.
EURUSD 4 HOUR CHART PATTERN BROKEN
The break of a 5 day pattern where 1.08 traded each day is a bullish indicator but with some caution as demand seemed to come more from its crosseS, specifically EURGBP, than vs the USD
1.0971=73, the 200 day mva and key resistance.is A tough obstacle to 1.09.
Otherwise, would need to stay above 1.0839 to keep a bid.
Microsoft Corp. – MSFT
Microsoft Reports Q1 EPS of $3.30 on Revenue of $65.6 Billion, vs CIQ Analyst Consensus of $3.10/Share on Revenue of $64.5 Billion
Microsoft beats quarterly revenue estimate
Microsoft MSFT beat Wall Street estimates for first-quarter revenue on Wednesday as efforts to build out data center capacity and AI-driven demand boosted its cloud business.Shares of the Redmond, Washington-based company rose about 2% in trading after market hours, having gained more than 15% so far this year on the back of a boom in artificial intelligence technologies.
DJT – Trump Media
Trump Media Stock Tumbles as Musk, Harris Make Election Waves. DJT Rally Faces This Threat.
Trump Media & Technology, the social platform majority-owned by former president Donald Trump, was tumbling Wednesday. The stock may keep oscillating in what has already been a wild week.
On Wednesday, the stock, which trades under the ticker DJT, fell 21% to $40.84 and was on track for its largest daily percentage decrease since April
- You must be logged in to reply to this topic.