Like the US employment report, the BLS is saying that the CPI report for October will NOT be released, and that the November report will be released on December 18. That is after the December FOMC rate decision on December 10. CPIThe CPI report will not include a one month change due to the October data missing. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The delay in the CPI report could shake up market expectations around the December FOMC meeting. With the CPI data now set to be released after the Fed’s rate decision, traders might find themselves in a tricky spot. The absence of this key inflation indicator means that the Fed’s decision-making could be based on less timely data, potentially leading to a more cautious approach. This uncertainty might keep volatility high in both the forex and crypto markets as traders adjust their positions based on speculation rather than hard data. Watch for how major pairs like EUR/USD and crypto assets react as we approach December 10. If inflation expectations shift, we could see significant moves, especially if the Fed hints at a pause or a shift in policy direction. Here’s the thing: while some might see this as a reason to hold off on trading, it could also present opportunities for those willing to navigate the uncertainty. Keep an eye on market sentiment and be ready to act if we see any shifts in trader positioning leading up to the FOMC meeting. 📮 Takeaway Monitor the EUR/USD and crypto markets closely as the delayed CPI report could lead to increased volatility ahead of the December FOMC meeting.

The major European indices are mostly closing lower. The UK FTSE 100 rose by +0.05%. France’s CAC fell by -0.03%.A look at the closing levels shows:German DAX, -0.78%France’s CAC, -0.03%UK’s FTSE 100 +0.05%Spain’s Ibex, -0.99%Italy’s FTSE MIB -0.51%.For the trading week all the major indices fell by 2% or more: German DAX, -3.27%. The decline was the same as the decline from July 28 trading week and the largest fall since March 31. France’s CAC fell by -2.34%, it supports the trading week since August 25UK’s FTSE 100 fell -1.71% for its trip 4 is trading week since March 31Spain’s Ibex fell -3.21%, it’s worst trading week since March 31.Italy’s FTSE MIB fell -3.03%, it’s worst week also since March 31.As London/European traders look for the exits, the US stock indices have push back into positive territory in what has been a very volatile trading day. Earlier in the day both the S&P and the NASDAQ indices broke below there 100 day moving averages. However each have push back above those levels. A snapshot of the US indices currently shows:Dow industrial average +412 points or 0.90% at 46171.S&P index up 46.99 points or 0.72% at 6586.51.NASDAQ index up 116 points or 0.52% at 22190.17.For the trading week:Dow industrial average is down -2.09%S&P index is down -2.21% NASDAQ index is down -3.08% This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight European indices are struggling, and here’s why that matters for traders: The major indices closing lower, with the German DAX down 0.78% and Spain’s Ibex down 0.99%, signals a bearish sentiment that could ripple through global markets. With all major indices falling by 2% or more this week, traders should be cautious. This decline reflects broader economic concerns, possibly tied to inflation fears and central bank policies. If the DAX breaks below key support levels, it could trigger further selling pressure, impacting correlated assets like European ETFs and even the forex market, particularly the euro against the dollar. But here’s the flip side: the slight uptick in the UK FTSE 100 suggests some resilience in the UK market, which could provide a trading opportunity for those looking to hedge against broader European weakness. Keep an eye on the 7,500 level for the FTSE—if it holds, it might attract buyers. Watch for any news from central banks that could shift sentiment, as volatility is likely to remain high in the near term. 📮 Takeaway Monitor the DAX for a potential breakdown below key support levels; a close below 15,000 could signal further declines across European markets.

BOJ’s Masu to Nikkei says:BOJ is close to decision to raise ratesSays it’s not good for real interest rates to be deeply negativerelationship with the neutral rate of interest rate. Japan’s policy rate is lower than the neutral rate. He says that most countries rates are higher than the neutral interest rate citing the US as an example.The JPY has been weakening as a result of the lower rates in Japan relative to other countries. The EURJPY has moved to new all-time highs (lower JPY). The USDJPY traded to the highest level since January.Today, the price has moved lower and tested the rising 100 hour moving average currently at 156.296. It would take a move below that moving average to give the sellers a victory from a technical perspective (with work to do). The 38.2% retracement of the last trend move higher from the November low comes in at 155.939. The rising 200 hour moving average and 50% are near 155.34 and 155.42. Getting below those levels is needed to take back more control from the buyers. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The BOJ’s potential rate hike is a game changer for traders focused on Japan’s economic landscape. With Masu’s comments indicating that Japan’s policy rate is below the neutral rate, this could signal a shift in monetary policy that traders need to watch closely. If the BOJ raises rates, it could strengthen the yen against other currencies, impacting forex pairs like USD/JPY. This also has broader implications for global markets, as a stronger yen could influence export competitiveness and affect equities tied to Japanese exports. Traders should keep an eye on the 10-year JGB yields as a barometer for market sentiment; a rise could indicate that the market is pricing in a rate hike sooner rather than later. But here’s the flip side: if the BOJ hesitates or raises rates too slowly, it could lead to increased volatility in the yen and related assets. Watch for any announcements or economic data releases in the coming weeks that could provide clarity on the BOJ’s direction. 📮 Takeaway Monitor USD/JPY closely; a BOJ rate hike could strengthen the yen, impacting forex positions significantly.

The Atlanta Fed GDPNow growth estimate for Q4 remained at 4.2%. That is still at the highs for the quarter. In their own wordsThe GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2025 is 4.2 percent on November 21, unchanged from November 19 after rounding. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the National Association of Realtors, a slight decrease in the nowcast of third-quarter real personal consumption expenditures growth was offset by an increase in the nowcast of third-quarter real gross private domestic investment growth from 4.8 percent to 4.9 percent.The next GDPNow update is Tuesday, November 25. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The Atlanta Fed’s GDPNow estimate holding steady at 4.2% for Q4 is a key indicator for traders right now. A robust growth forecast can influence market sentiment, particularly in equities and commodities. If the economy continues to show strength, we might see the Fed maintain its current interest rate stance, which could support risk assets. Traders should keep an eye on related sectors, especially those sensitive to economic growth like consumer discretionary and industrials. However, there’s a flip side: if growth expectations lead to inflation fears, we could see a shift in bond yields, impacting forex markets and potentially strengthening the dollar. Watch for any revisions in this estimate as they could trigger volatility across various asset classes, particularly if they deviate from the current 4.2% projection. Additionally, monitor how this impacts the S&P 500 and gold prices in the coming weeks, as they often react to economic growth signals. 📮 Takeaway Keep an eye on the Atlanta Fed’s GDPNow estimate; any changes could impact equities and forex, especially if growth expectations shift significantly.

We have been down this road before, but Russian Pres. Putin is saying:He received the US plan for Ukraine.Think they can be a basis for final resolution. Text was not discussed with Russia.Says that Ukraine is against the plan.Russia is ready for a peaceful resolution but the details of the plan need to be discussed. Earlier, Ukraine Zelenskyy said to his country:The country is facing “one of the most difficult moments in our history” as its strongest ally pressures it into accepting a deal with the nation that has spent eleven years trying to destroy it.“Now the pressure on Ukraine is one of the most difficult. Ukraine may soon face an impossible choice — either the loss of dignity, or the risk of losing a key partner. Either the [Trump administration’s] 28-point plan, or an extremely difficult winter — the hardest yet — along with even greater risks. It would mean a life without freedom, without dignity, without justice, and trusting the one who has already attacked us twice. They will expect an answer from us.” This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight Putin’s comments on the US plan for Ukraine could stir geopolitical tensions, impacting market sentiment. With SOL currently at $127.18, traders should keep an eye on how these developments influence risk appetite. If tensions escalate, we might see a flight to safety, which could negatively affect crypto assets like SOL. Conversely, if a resolution appears imminent, it could boost market confidence, potentially driving SOL higher. Watch for key support around $120; a break below that could trigger further selling pressure. Also, monitor related assets like BTC and ETH, as they often react to broader market sentiment influenced by geopolitical events. The next few days will be crucial as the situation unfolds, so stay alert for any sudden shifts in news or market behavior. 📮 Takeaway Watch SOL closely; a drop below $120 could signal increased selling pressure amid rising geopolitical tensions.

The GBPUSD is waking up and trying to take more control with a push to the upside, but there is work to be done.Looking at the hourly chart of the GBPUSD, the pair has been battling back and forth, trying to find a direction. We established a nice double bottom floor at the 1.3038 level—holding yesterday and testing it again today before rotating higher. That level is now the definitive line in the sand for the sellers; as long as we stay above that, the wash-out remains on hold.For the last several sessions, the price has been capped by a sticky “swing area” between 1.30837 and 1.30956 (highlighted in yellow – s red numbered circlesee ). You can see on the chart (Red circles 1 through 8) how many times price interacted with this zone—acting as both support and resistance. The price has now broken above that swing area. Buyers are making a play.However, for the buyers to keep “winning,” they need to turn that old ceiling into a new floor. Staying above 1.30837 is close support now.On the topside, the next target comes against the 100 hour moving average (blue line at 1.31085). So far the price has stalled against that level keeping the sellers “in play” and in more control. Getting above the 100 hour moving average would have traders next targeting the 200 hour moving average. That level comes in at 1.31297 Ultimately, if the buyers are to take more control, they need to get above both those moving averages and stay above those moving averages. So far, the sellers are leaning against the 100 hour MA. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The GBPUSD is showing signs of life with a potential double bottom, but traders need to stay cautious. The recent push to the upside indicates a shift in momentum, yet the pair has been stuck in a tight range, suggesting indecision among traders. A confirmed breakout above recent resistance levels could signal a stronger bullish trend, but if it fails, we might see a quick reversal. Keep an eye on the hourly chart for confirmation of this double bottom pattern—if it holds, it could lead to a rally towards key resistance levels. However, if the price retraces below the double bottom, that could trigger stop-losses and further selling pressure. Watch for any economic data releases that could impact the GBP or USD, as these could add volatility. Also, monitor the 1.2500 level closely; a decisive move above this could attract more buyers, while a drop below 1.2400 might signal a bearish shift. 📮 Takeaway Watch the 1.2500 resistance level closely; a breakout could lead to a bullish rally, while a drop below 1.2400 might trigger selling pressure.

Trump hates to the see the market go down.There is a breaking report about Trump’s team floating selling H200 Nvidia chips to China. This idea has come and gone a couple times in the past month.There is a pop in Nvidia shares on this.There is also a pop in the broad market on this and it’s a reminder that Trump can’t stand to see stock markets go down and that the Trump put is undefeated. Now this report says they’re internally floating the idea and you have to imaging it was floated to get the market higher.Note this isn’t the Blackwell top-of-the-line chip but Hopper, which is a generation behind. But previously note that H100s were blocked from being sold to China since 2022, even before they were released.The report says:No final decision has been made, the people emphasized, and it’s entirely possible that the idea remains an internal debate and never results in actual license approvals, which are required under export controls that Washington first imposed in 2022.To my way of thinking, these chips are making their way to China anyway, this would just cut out the middle men. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight Nvidia’s stock is reacting to rumors about potential chip sales to China, and here’s why that matters: The chatter around Trump’s team considering selling H200 Nvidia chips to China is stirring up volatility, which traders should be watching closely. Nvidia shares are experiencing a pop, but this isn’t just about the stock—it’s indicative of broader market sentiment towards tech and geopolitical tensions. If these sales materialize, it could significantly boost Nvidia’s revenues, but it also raises red flags about regulatory scrutiny and potential backlash from U.S. authorities. Traders need to consider how this impacts not just Nvidia but also related sectors, like semiconductor stocks and tech ETFs. On the flip side, the market’s quick reaction to rumors suggests a heightened sensitivity to news flow, which could lead to erratic trading patterns. Watch for key resistance levels in Nvidia around its recent highs, as a breakout could signal further upside, while failure to hold gains might prompt a sell-off. Keep an eye on the daily charts and any developments regarding U.S.-China relations, as these could have cascading effects on market sentiment and trading strategies. 📮 Takeaway Monitor Nvidia’s resistance levels closely; a breakout could signal further upside, while geopolitical developments may trigger volatility.

The President of the United States judges himself — seemingly every day — on the value of the Dow Jones Industrial Average.He is a person that can’t stand to see stock markets go down, even for a brief period. He has utterly convinced himself — and not entirely without reason — that American progress is whatever number is on the index, preferably with non-stop record highs.Just after Liberation Day, Treasury Secretary Scott Bessent declared “it’s main street’s turn now” but that lasted about three days before the long, slow walkback on tariffs began. Notably, the earliest tariff U-turns were hinted at by Trump in tweets and likely front-run.This is nothing new, I’ve been writing about it since Covid when Trump signed a copy of an intraday reversal on March 13, 2020 at the peak of virus panic. I wrote about it many times when he was running for re-election again.It’s the north star of trading in the Trump era.Now we get the White House floating that they’re thinking about letting Nvidia sell chips to China. This was an idea that was also floated during China negotiations and you have to wonder if it wasn’t always in the works. Or if it’s a tactic to halt market slumps. If it’s the later, you can only float it so many times before it doesn’t work any more.None of that undermines the idea that Trump can’t stand to see the market go down and that dynamic will be increasingly important as we head towards the midterms in just under a year.Of course, no man can control the market and covid showed that nature can inflict some real pain (at least for awhile) but Trump has plenty of ammunition with tariff waivers now and he’s going to try and stack the Fed. That’s a powerful mix.Update: In terms of it being a deliberate leak to turn markets, Reuters sources are now also out with the same report. This is obviously a strategy; the only question is whether they mean it or not. This article was written by Adam Button at investinglive.com. 🔗 Source 💡 DMK Insight The President’s fixation on the Dow could lead to market volatility as traders react to his sentiment. When a leader is so publicly tied to market performance, it creates a feedback loop where any downturn may trigger policy responses or rhetoric that could further influence investor sentiment. Traders should be on alert for any statements or actions that could sway market dynamics, especially if the Dow shows signs of weakness. This could impact not only equities but also related markets like forex, as currency values often shift in response to U.S. economic indicators. Keep an eye on key levels in the Dow; if it dips significantly, it could prompt a broader sell-off across sectors, including commodities and crypto, as risk appetite wanes. Watch for any upcoming economic data releases that might affect the Dow’s trajectory and, consequently, the President’s mood and market reactions. 📮 Takeaway Monitor the Dow closely; any significant drop could lead to increased volatility and risk-off sentiment across markets.

The AUDUSD is caught in a technical sandwich. Buyers found a floor at a key long-term swing area, but the recovery rally has run smack into a wall of resistance against a key MA. .If you look at the 4-Hour chart of the AUDUSD, you can see the technical battle lines are clearly drawn.The Support: Buyers Lean Against the August Lows Earlier in the day, the price extended lower, and tested the resolve of the sellers and the courage of the buyers. It found that buyers courage at the major swing area between 0.6407 and 0.6424 (in reality, risk be defined and limited at the swing area – see the red numbered circles).Why is this level important?It represents the lows not just for today or this week, but it stretches back to the lows going as far back as May and again in August.The price bottomed out precisely at 0.6420, right in the middle of that yellow swing area, before buyers stepped in to rotate the price higher.That 0.6407 – 0.6424 area is now the definitive “floor.” As long as the price stays above that, the buyers have a shot at a correction.The Resistance: The 200-day MA Barometer The bounce off the lows was decent, but it has now reached a critical “make or break” point on the topside. The rally has taken the price right back to the 200-day moving average (the overlayed Green Line).The Level: The 200-bar MA comes in at 0.64591.The Swing Zone: This moving average is currently cutting through a swing area between 0.64578 and 0.6462.You can see the price wicking right into this zone and stalling. This Green Line was broken earlier this week—signaling a bearish shift—and now it is being tested from below as resistance.The Verdict The market is telling us clearly where the risk lies.For Sellers: You are leaning against the 0.6458 – 0.6462 area and the 200-bar MA. If the price holds here, the trend remains bearish, and a rotation back toward the lows is the play.For Buyers: You need to see a break above that Green Line and the 0.6462 level to prove that the low at 0.6420 was a true bottom. Until then, this is just a correction in a bearish move.Watch the close. A move above the 200-bar MA changes the bias. A failure here keeps the bears in control. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight The AUDUSD is at a critical juncture, and here’s why that matters: With buyers establishing a floor at a significant long-term swing area, the recent recovery rally is now testing a formidable resistance level marked by a key moving average. This technical sandwich creates a high-stakes scenario for traders. If the pair can break above this resistance, it could signal a bullish continuation, potentially targeting higher levels. Conversely, a rejection here might lead to a pullback, testing the floor again. Traders should keep an eye on the 4-Hour chart for signs of momentum. Watch for a decisive close above the moving average for bullish confirmation, or a failure to breach could trigger selling pressure. The implications extend beyond just the AUDUSD; correlated pairs like NZDUSD could react similarly, given their sensitivity to commodity prices and risk sentiment. In this environment, volatility is likely to increase, so managing risk is crucial as we navigate these technical levels. 📮 Takeaway Watch for a breakout above the key moving average on the 4-Hour chart for bullish signals in AUDUSD, or prepare for potential downside if resistance holds.

The major US indices had a volatile go at it today.The Dow industrial average had a range of about 800 pointsThe S&P index had a range of 137 points or 2.07%The NASDAQ index had a range of 627 points or 2.28%The initial move was to the downside, and the selling took the price of the broader S&P and NASDAQ indices below its 100 day moving averages. A close below that key MA would have been the first since May 9. However, the momentum couldn’t continue and the price stepped back above the MA and into positive territory. Each of the major indices are closing higher on the day. A snapshot of the closing levels showsDow industrial average rose 493.30 point or 1.08% at 46245.56S&P index rose 64.20 points or 0.98% at 6602.96NASDAQ index rose 195.03 points or 0.88% at 22273.08.For the trading week, the 3 major indices closed solidly lower Dow industrial average -1.91%S&P index -1.95%NASDAQ index -2.74%What was not up today was Nvidia. Despite its strong earnings on Wednesday after the close, the market bellwether was under pressure this week. Yesterday the stock tumbled -3.15%. Today the stock fell another -0.96%. For the trading week, the price tumbled -5.92%. Ouch.Below is a sampling of some large cap stocks closed lower by 5% or more THIS WEEK, with AMD tumbling -17.43%, Micron down -16% and Oracle down -10.90. Bitcoin which tumbled to a low of around after trading at an all-time high of $126K not too long ago, ONLY fell -10.31% this week:AMD: -17.43%Raytheon: -17.17%Micron: -15.99%Strategy: -14.66%Roblox: -12.79%Robinhood Markets: -12.41%Western Digital: -11.81%Super Micro Computer: -11.61%Palantir: -11.07%Palo Alto Networks: -10.91%Oracle: -10.90%BTC/USD: -10.61%Grayscale Bitcoin (BTC): -10.37%Bitcoin Futures: -10.31%SoFi Technologies: -9.42%Celsius: -8.90%Snowflake: -8.79%CrowdStrike Holdings: -8.72%Uber Tech: -8.67%DoorDash: -8.42%Dell Tech: -8.39%Boeing: -7.63%Deutsche Bank AG: -7.47%Microsoft: -7.44%Salesforce Inc: -6.80%Trump Media & Technology Group: -6.68%Zoom Video: -6.60%Airbnb: -6.43%Netflix: -6.21%Qualcomm: -6.14%Amazon.com: -5.97%NVIDIA: -5.92%Boston Scientific: -5.66%Arm: -5.52%iShares Global Clean Energy: -5.52%Box Inc: -5.31%Home Depot: -5.11%So although there was a rebound in the major indices today, the week was full of risk-off selling with two-hands. The week’s brightspot? Alphabet after the new release of Gemini impressed. It rose 8.44% this week. This article was written by Greg Michalowski at investinglive.com. 🔗 Source 💡 DMK Insight Today’s volatility in US indices signals a critical moment for traders: the Dow swung 800 points while the S&P and NASDAQ saw ranges of 137 and 627 points, respectively. This kind of movement often indicates heightened uncertainty in the market, likely driven by macroeconomic factors or earnings reports. For day traders, this volatility can present opportunities for quick gains, but it also raises the risk of sharp reversals. Watching the S&P’s 2.07% drop could be key; if it breaks below recent support levels, we might see further selling pressure. Conversely, a rebound could signal a buying opportunity for swing traders looking to capitalize on a potential recovery. But here’s the flip side: while the initial move was down, these sharp swings can also attract institutional buying, especially if they perceive value at lower levels. Keep an eye on the NASDAQ’s performance as tech stocks often lead market sentiment. Monitoring the next few days for follow-through on these moves will be crucial for positioning ahead of any upcoming economic data releases. 📮 Takeaway Watch the S&P index closely; a break below its recent support could trigger further selling, while a rebound might offer a buying opportunity.