<p>Nasdaq futures technical analysis video (2 and half minutes):</p><p>I like to look for a ’story‘ that a chart tells me (in my opinion) and also follow charts in hindsight to learn where those stories developed, where there were hints on the way, etc. For example, if there was a failed breakout up, bulls are trapped, and will be disappointed, which hints on more down. Or if a key level was almost tested but market is still indecisive or weak, that it will probably be retested again.Markets love to poke around and test various key levels, usually more than once.One should be careful when doing the above on timeframes that are too low, but doing that on a daily timeframe is fine, usually (there is never an ‚always‘ in this game, you gotta live with the doubt and uncertainty embedded into everything we see and whatever we decide to do).Last but not least, PRICE is the MOST IMPORTANT part of the story and right now, Nasdaq futures is dancing around 11700 which is a key level for the battle between bulls and bears. Once the US market opens, traders would benefit in seeing how the 1 hour candles close in relation to that price.As of now, for me, it seems that if 11700 is not going to be protected, so no hourly candle closing abouve 11750, for that matter, then 11570 area is next and I show why that story unfolded in my mind, within the technical analysis video that take 2 and half minutes to watch.Trade the Nasdaq at your own risk. Visit ForexLive.com technical analysis for additional views.<a target=“_blank“ href=“https://www.forexlive.com/technical-analysis“>https://www.forexlive.com/technical-analysis</a></p>

This article was written by Itai Levitan at forexlive.com.

<p>The forex week ahead. A look a the risk and bias defining levels for the week starting November.</p><p>The week ahead has as catalysts the US jobs report on Friday where the NFP is expected to add a less than trend 200K jobs. </p><p>Before that the Fed Chair Powell will be speaking at the Brookings Institute on Wednesday. </p><p>Those are two key events that are a prelude to the Fed decision later in the month.

In addition, to the key event and release preview, Greg Michalowski of Forexlive, also looks at the technicals that are driving the bias and risk levels for the major US currency pairs vs the US dollar.</p><ul><li>EURUSD (4:10)</li><li>USDJPY (9:14)</li><li>GBPUSD (13:37)</li><li>USDCHF (18:17)</li><li>USDCAD (20:00)</li><li>AUDUSD (21:40)</li><li>NZDUSD (24:20)</li></ul>

This article was written by Greg Michalowski at forexlive.com.

<ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/us-stocks-close-mixed-dow-rises-sp-unchanged-nasdaq-falls-20221125/“>US stocks close mixed. Dow rises, S&P unchanged. NASDAQ falls</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/next-weeks-economic-highlights-highlighted-by-us-jobs-on-friday-20221125/“>Next week’s economic events and releases highlighted by US jobs on Friday</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/major-european-indices-in-the-day-with-modest-gains-20221125/“>Major European indices in the day with modest gains</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/crude-oil-retraces-the-gains-for-the-day-20221125/“>Crude oil retraces the gains for the day</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/the-usd-is-making-new-highs-in-early-ny-trading-what-are-the-charts-telling-us-20221125/“>The USD is making new highs in early NY trading. What are the charts telling us?</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/technical-analysis/the-usd-is-the-strongest-and-the-jpy-is-the-weakest-as-the-na-session-begins-20221125/“>The USD is the strongest and the JPY is the weakest as the NA session begins</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/forexlive-european-fx-news-wrap-thanksgiving-hangover-20221125/“>ForexLive European FX news wrap: Thanksgiving hangover</a></li><li><a target=“_blank“ href=“https://www.forexlive.com/news/german-yield-curve-in-deepest-inversion-in-three-decades-as-recession-fears-grow-20221125/“>German yield curve in deepest inversion in three decades as recession fears grow</a></li></ul><p>With the US traders returning from the Thanksgiving Day holiday for an abbreviated session and the World Cup going on, the day was set up to be somewhat limited.</p><p>The USD did move higher in early NA trading. However, as debt market rates ticked higher partly in reaction to a move higher in European rates so sent the greenback even higher. The German 10 year moved up about 12 basis points on the day. Spain moved up 15 bps, and France up 13.7 bps. </p><p>The US rate move was less, however, and then rates started to come back down. Lo and behold the EURUSD moved higher. </p><p>Technically, the run back to the upside was helped by a bounce off the near converged 100/200 hour MAs near 1.0359 (the low reached 1.0360). The move off the low was able to extend back above the 200 day MA at 1.03877, and is looking to close above that key moving average, giving the pair a positive, bullish bias into the new trading week (on Monday). The price is trading at 1.1402. </p><p>For other pairs, the greenback moved a bit lower in the NY session, but held onto to most of the NY early gains. Apart from the EURUSD where the dollar rose by a small 0.06%, the gains were the other currencies were between 0.21% to 0.38%. The dollar rose the most against the NZD at 0.38%. </p><p>In other markets, US stocks closed mixed with the S&P snapping 2 day moves higher. The Dow rose however led by Boing (up 3.53%), Home Depot (up 1.66% and UnitedHealth (up 1.51%). </p><ul><li>Spot gold is near unchanged at $1753.50. </li><li>Silver is down -$0.07 at $21.42</li><li>Crude oil is back below $77.00 at $76.53</li><li>Bitcoin is little changed from $16500 near the open of US hours at $16472.</li></ul><p>Thank you for your support. Hope you have a great weekend. </p>

This article was written by Greg Michalowski at forexlive.com.

<p>The major US stock indices are closing the session with mixed results today:</p><ul><li>Dow industrial average rose 152.95 points or 0.45% at 34347.04</li><li>S&P index fell -1.16 points or -0.03% at 4026.11</li><li>NASDAQ index fell -58.97 points or -0.52% at 11226.35</li><li>Russell 2000 rose 5.67 points or 0.30% at 1869.19</li></ul><p>For the trading week, the major indices are higher:</p><ul><li>Dow industrial average rose 1.78%</li><li>S&P index rose 1.53%</li><li>NASDAQ index rose 0.72%</li><li>Russell 2000 rose 1.05%</li></ul>

This article was written by Greg Michalowski at forexlive.com.

<p>What are the key events and releases for next week’s trading:</p><p>Tuesday, November 29:</p><ul><li>Canada GDP 8:30 AM ET. Estimate 0.2% versus 0.1% last month</li><li>US consumer confidence 10 AM ET. Estimate 100.0 versus 102.5 last month</li></ul><p>Wednesday, November 30:</p><ul><li>US ADP nonfarm employment change estimate, 8:15 AM ET. Estimate 195K versus 239K last month</li><li>US preliminary GDP for Q3. 8:30 AM ET. Estimate 2.7% versus 2.6% flash</li><li>US JOLTs job openings. 10 AM ET. Estimate 10.33M versus 10.72M last month</li><li>Fed chair Powell speaks at the Brookings institute. 1:30 PM ET</li></ul><p>Thursday, December 1</p><ul><li>Swiss the CPI month-to-month, 2:30 AM ET. Estimate 0.2% versus 0.1% last</li><li>OPEC meeting all day</li><li>US core PC price index, 8:30 AM ET estimate 0.3% versus 015% last</li><li>US ISM manufacturing PMI. Estimate 49.8 versus 50.2 last</li></ul><p>Friday, December 2</p><ul><li>RBA Gov. low speaks, 9:40 PM ET Thursday</li><li>RBNZ Gov. or speaks, 11:30 PM ET Thursday</li><li>US nonfarm payroll, 8:30 AM ET. Estimate 200K versus 261K last month</li><li>US unemployment rate, 8:30 AM ET. Estimate 3.7% versus 3.7% last month</li><li>US hourly <a target=“_blank“ href=“https://www.forexlive.com/terms/e/earnings/“ target=“_blank“ id=“cd852b85-3a1d-45ed-8691-cef64b568bed_1″ class=“terms__main-term“>earnings</a>, 8:30 AM ET. Estimate 0.3% versus 0.4% last month</li><li>Canada employment change, 8:30 AM ET. Last month 108.3 K</li><li>Canada unemployment rate, 8:30 AM ET. Last month 5.2%</li></ul>

This article was written by Greg Michalowski at forexlive.com.

<p>With 30 minutes to go in US trading, the major indices are mixed with the Dow industrial average rising, the S&P near unchanged at the NASDAQ moving lower.</p><p>The snapshot of the market currently shows:</p><ul><li>Dow industrial average up 180 points or 0.53% at 34373.80</li><li>S&P index is up 2.86 points or 0.07% at 4029.90</li><li>NASDAQ index -41.5 points or -0.37% at 11243.97</li></ul><p>The Russell 2000 of small cap stocks are up 9.72 points or 0.52% at 1873.24.</p><p>In the US at that market, yields are marginally change from early New York levels:</p><ul><li>two year 4.485% versus 4.489% near the start of the New York session</li><li>five year 3.897% versus 3.909% near the start of the New York session</li><li>10 year 3.714% versus 3.716% near the start of the New York session</li><li>30 year 3.766% versus 3.748% near the start of the New York session</li></ul>

This article was written by Greg Michalowski at forexlive.com.

<p>The major European stock indices are closing the day modestly higher (Italy’s stocks fell fractionally).</p><ul><li>German Dax +0.01%</li><li>Frances CAC +0.08%</li><li>UK’s FTSE 100 +0.27%</li><li>Spain’s Ibex +0.34%</li><li>Italy’s FTSE MIB bucked the trend with a -0.05% decline</li></ul><p>for the trading week:</p><ul><li>German Dax, +0.76%</li><li>Frances CAC, +1.02%</li><li>UK’s FTSE 100, +1.37%</li><li>Spain’s Ibex, +3.55%</li><li>Italy’s FTSE MIB +0.14%</li></ul><p>Looking at the weekly chart of the Spain’s Ibex, and moved back up to retested 200 and 100 week moving averages. The 200 week moving averages at 8424.69. The 200 week moving averages at 8478.20. The high price today reached 8425.30 between the levels.</p><p>Looking at the German Dax, it also closed near a key weekly moving average. For it, the 100 week moving average comes in at 14556.06. The high price today reached 14571.66 just above that level, but backed off into the close. </p><p>That 100 week moving average will be a key barometer for that index in the new trading week. Move above is more bullish. Stay below is more bearish.</p>

This article was written by Greg Michalowski at forexlive.com.

<p style=““ class=“text-align-justify“>The gap between the 2-year and 10-year German bund yields fell to -27 bps yesterday, which was the widest inversion since October 1992. That gap has narrowed slightly now to -24 bps but long story short, an inversion of the yield curve as such is typically a signal that recession fears are building.</p><p style=““ class=“text-align-justify“>As we look towards next year, soaring inflation pressures and the ongoing energy crunch will continue to put the pressure on the European outlook. The only consolation so far is that the start of winter has presented with milder weather than anticipated.</p><p style=““ class=“text-align-justify“>But as long as price pressures stay elevated, the ECB will be locked between a rock and a hard place in trying to keep with tightening policy further or look towards pausing as the economy starts to run into the ground.</p>

This article was written by Justin Low at forexlive.com.

<p class=“MsoNormal“>Bitcoin failed to build on the gains, rolling back to the levels of two days ago, losing 1.2% in the past 24 hours to $16.5K. </p><p class=“MsoNormal“>Global markets have been quiet due to US holidays and few meaningful economic publications, allowing the cryptocurrency to continue balancing in a tight range for almost two weeks.</p><p class=“MsoNormal“>The cryptocurrency market’s capitalisation fell by 1% to $827bn overnight. Without a solid positive stock index performance, crypto has nowhere to draw strength for future purchases.</p><p class=“MsoNormal“><a target=“_blank“ href=“https://www.forexlive.com/terms/b/bitcoin/“ target=“_blank“ id=“40c895b3-a119-446c-9ead-2735a79a3f80_2″ class=“terms__secondary-term“>Bitcoin</a> has failed to exploit the inverted head-and-shoulders pattern fully. </p><p class=“MsoNormal“>Perhaps the reason for that is the lack of big players due to the holidays. </p><p class=“MsoNormal“>However, the chances are high that it is still because of the ongoing cautious selling in the sector: the big players continue to reduce their positions, probably forgetting about it again for a couple of years. </p><p>News background</p><p class=“MsoNormal“>The New York Times reported that the troubled cryptocurrency lender Genesis Global Capital is not ruling out bankruptcy. </p><p class=“MsoNormal“>Genesis has hired investment bank Moelis & Company to explore <a target=“_blank“ href=“https://www.forexlive.com/terms/o/options/“ target=“_blank“ id=“d0430eb9-1764-409c-ab53-4952eb20940d_1″ class=“terms__main-term“>options</a>, including filing for insolvency.</p><p class=“MsoNormal“>Ripple chief technology officer David Schwartz said the community was unlikely to learn a lesson from the FTX collapse and would be cautious going forward. </p><p class=“MsoNormal“>Changpeng Zhao, head of Binance, allowed for the possibility of buying FTX assets. In an interview with Bloomberg, he said that some of them could still be saved.</p><p class=“MsoNormal“>The 10,000 BTC stolen from the Mt.Gox exchange, which has been dormant for seven years, is on the move. </p><p class=“MsoNormal“>Ki Young Ju, a crypto analyst and head of CryptoQuant, made the announcement. In doing so, he commented that it was criminal money. The transaction was the largest since August 2017.</p><p class=“MsoNormal“>This article was written by <a target=“_blank“ href=“https://www.fxpro.com/“ rel=“nofollow noopener noreferrer“ target=“_blank“ class=“article-link“>FxPro</a>’s Senior Market Analyst Alex Kuptsikevich.</p>

This article was written by FxPro FXPro at forexlive.com.

<p style=““ class=“text-align-justify“>The lull from the Thanksgiving holiday is continuing into today but the dollar is finding itself advancing slightly across the board in European trading. Equities remain tentative with European indices seen down around 0.2% while 10-year Treasury yields are now flat at around 3.707% after having been down by as much as over 5 bps earlier in the day.</p><p style=““ class=“text-align-justify“>USD/JPY is the main mover as such, up over 0.5% to 139.40 levels currently:</p><p style=““ class=“text-align-justify“>The pair is holding just above daily support around 138.45 with the 15 November low at 137.65 also still in play. These are levels pointed out yesterday <a target=“_blank“ href=“https://www.forexlive.com/news/usdjpy-holds-lower-in-thin-trading-so-far-today-20221124/“ target=“_blank“>here</a>.</p><p style=““ class=“text-align-justify“>Meanwhile, EUR/USD is down a touch but keeping in and around its 200-day moving average (blue line):</p><p style=““ class=“text-align-justify“>Elsewhere, AUD/USD is down 0.3% to 0.6740 and NZD/USD down 0.5% to 0.6230 currently. The moves aren’t anything to shout about though as the dollar did saw quite the retreat on Wednesday. AUD/USD is also still keeping just below its 61.8 Fib retracement level at 0.6767 for now:</p>

This article was written by Justin Low at forexlive.com.