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US OPEN
NVIDIA +1% in pre-market after Q4 results, a pick up in yields lift the Dollar ahead of US data
Good morning USA traders, hope your day is off to a great start!
Here are the top 4Â things you need to know for today’s market.
4 Things You Need to KnowNVIDIA +1.1% in US pre-market after headline beats whilst Q1 gross margins are seen easing.
European bourses on the backfoot with sentiment hit in Europe amid Trump’s EU tariff threats; US futures gain.Pick-up in US yields provides reprieve for USD, USD/JPY eyes a test of 150.
Crude trims recent losses but metals pressured by a firmer Dollar.
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EURUSD 4 HOUR CHART – -FOCUS ON 1.05
EURUSD is back below 1.05 following a double top at 1.0528 yesterday and yet to test 1.05, which has printed 5 days in a row.
While a break of this pattern would send a bearish signal it would only be confirmed if 1.0449=50 is firmly broken.
Meanwhile, there is a full day ahead for this pattern to be extended or fail.
Range so far today: Â 1.0459-92
XAUUSD 4 HOUR CHART – Watch the Weekly Pattern
Tested last week’s low at 2877 (note I had it at 2878 but 2877 is confirmed as the level) which is clear support. The sdignificance of this level is that a move belownit would produce an outside week.
To slow the risk, 2888 needs to be regained. To nagte the risk, 2920+ would be needed.
In any case this has turned into a classic Monday Effect trading pattern weej
Using my platform as a HEATMAP shows
The dollar trading a touch firmer day before month end gyrations.
EURUSD yet to print 1.05 and extend its 5 day pattern around this level
USDJPY the outperformer after again finding support in the 148s but is still below 150.
Elsewhere
Gold is weaker
US bond yields are up after a sharp fall to 4.25% (10 yr) yesterday
Stocks up a touch
Watch for
US economic data durable goods 2nd GDP revision, weekly jobless claims) : see our Economic Daya Calendar
Trump speak: Watch headlines on tariffs after conflicting talk yesterday on Mexico and Canada
Trump due to speak in the morning and then an afternoon presser with the UK PM
Maybe I’ve missed it but nowhere is anyone talking recession.
Is the U.S. headed for a recession by the Savvy Trader?
BTCUSD Daily
Ah, feels a bit too much , lots of bragging and self promotion – but I can’t help it…
Last night: So, tomorrow we should expect to see 89.500 before more down – but wouldn’t be surprised to see it going straight down without reaching it.
It actually opened at almost that level…and went straight down from 89.388 ( now interesting part is that this is a crazy crypto coin and getting exact levels is close to impossible )
76.700 next support
NIO Inc.
February 18, 2025 at 8:48 pm
I mentioned this particular scenario days ago : First sharp drop to 4.00, followed by a strong rebound Up.
next hurdle is at 4.70
So that hurdle was today at 4.75 ( as time goes by, moving averages slowly goes Up.
High for the day – exactly 4.75
If Nio can go through it, new universe opens – one with borders between 4.75 and 6.15
DAX – GER 30
Previously:
As long as above 22.150 DAX can Rally again and suddenly.
And Rally it did…
Previous high at 22.935 is a natural resistance – one that if taken out might provide enough stops for a further rally .
Now I would like to share one possible scenario with you:
Stops above previous high taken out, new high reached…and…sharp move down.
Not only possible, but probable…so we’ll see 😀
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