Looking to buy ESES is sustaining bullish structure on 1H and 4H. Currently in discount zone. ES swept liquidity below daily lows, filled 4H FVG and starting to reverse. 1:3 RR long trade potential.
Candlestick Analysis
Is NASDAQ ready to correct for a few days?We have a couple of doji candles on the daily chart forming out of a bearish imbalance range in the relative premium. This is the perfect place to test the lows for stops.
We are still bullish but I am going to go neutral for this forecast in anticipation of a slight correction.
Share this with someone who needs a complete top down analysis of where we are staring this week!
Nasdaq 100 set for 25k?The Nasdaq 100 is in a technical bull market, having rebounded 20% from its cycle low. While the risk remains that this is simply a 'bear market bounce' that could sucker punch bulls, I believe bulls have got this and we could be headed for 25k.
Matt Simpson, Market Analyst at City Index and Forex.com
USD/CAD Bulls Could Just be Getting Warmed UpWe finally saw the reversal higher on USD/CAD last week, with a notable bullish engulfing candle strongly suggesting an important swing low. I take a quick look at last week's signal, update the analysis then wrap up on Canadian dollar futures positioning.
Matt Simpson, Market Analyst at City Index and Forex.com
GBPUSD WEEKLY ANALYSIS After seeing the pair close bullish the prior week we could see the momentum continue to the upside but with a reversal pattern forming we will have to wait and see what the pair does
EURJPY WEEKLY ANALYSISSeeing how the week closed last week we could expect the sellers to continue the push lower if price stays below 163.750 area and also looking out for the other confluences on this pair
Coinbase’s $2.9B Deribit Gamble: A Power Play to Challenge.....Coinbase’s acquisition of crypto options giant Deribit for $2.9 billion signals a bold move to dominate derivatives markets. Despite mixed investor reactions, the deal positions Coinbase as a key player in institutional crypto trading.
$3,341 Surge: Fed’s Hawkish Hold Meets Trump’s Tariff TinderboxGold prices soared 2.61% to $3,325.39 as investors flocked to safe havens ahead of the Fed’s rate decision and Trump’s 100% tariffs on foreign films, igniting fears of a global trade war escalation
Euro’s 1.13 Lifeline: Can ECB Rate Cuts Outweigh Hawkish Holds? EUR/USD stabilised near 1.1275 amid mixed signals: the ECB’s rate-cut bets (driven by Eurozone inflation at 2.2%)* vs. the Fed’s "higher-for-longer" stance. Traders await U.S. jobless claims and German industrial data to break the stalemate.
GBPUSD - Pound’s Resilience TestedThe BoE cut rates by 25 bps to 4.25% with a rare split vote (7-2), while the Fed held rates steady at 4.50%, amplifying policy divergence. GBP/USD fluctuated between 1.32121 and 1.34028 closing at 1.33034 as traders weighed UK GDP upgrades against Fed inflation warnings.
Dow Jones - Fed’s ‘No-Cut’ Gamble BackfiresDespite Disney’s heroics, the Dow closed the week at $41,376 (-0.20%), weighed by Fed Chair Powell’s warning that tariffs could spike inflation and unemployment. Barclays’ “mild recession” forecast added pressure, while utilities (XLU +6.9% YTD) emerged as safe havens.
Nasdaq -Bitcoin’s $104K Frenzy Steals Nasdaq’s ThunderAs Bitcoin surged to $104,350 (up 9.5% weekly), retail traders pivoted to crypto, leaving Nasdaq’s momentum muted despite Lyft’s 21% pop on buyback news .
Going forward, I will be interested to see if Nasdaq is lagging behind Bitcoin and we can see bullish price action up into premium PD arrays.
$6 Trillion Rollercoaster: Trade War Jitters Clash With FedThe index swung wildly as Trump’s 145% China tariffs and hints of an 80% reduction collided with Fed Chair Powell’s cautious stance on rates. Despite a midweek rally, the S&P 500 ( NYSE:ES ) closed the week down 0.46% at $5,684 reflecting investor paralysis ahead of U.S.- China trade talks.
Dollar Plunge To 97.921: Trump’s Tariff Tsunami Erodes DollarDollar Index fell to 97.921, its lowest since April 2025, as Trump’s aggressive tariffs on critical minerals and China trade retaliation spooked investors.
Analysts warn the dollar’s status as a reserve currency is under threat, with foreign holdings of U.S. assets declining sharply.
However in the short-term, dollar might see appreciation up into premium PD arrays, namely the weekly fair value gap outlined.
Technical Collapse: ‘Strong Sell’ Signal Flashes Technical ratings turned Strong Sell as open interest dropped to 1.80M contracts this week
signalling bearish momentum.
Hedge funds unwound basis trades, triggering forced selling and margin calls.
US10Y - Yield Volatility Amid Fed Policy StanceThe 10-year Treasury yield fluctuated between 4.30% and 4.39% this week, closing at 4.382% on May 9.
The Federal Reserve maintained benchmark rates at 4.50%, dismissing pressure from the Trump administration for cuts. Chair Powell emphasised persistent inflationary risks and labor market stability, reinforcing a cautious "higher-for-longer" stance.
4.400% intermediate term buyside liquidity is a point of interest going forward.
Japanese Yen Pairs: A Short Guide on Relative StrengthIndicators are a popular choice among many traders, and they certainly have their place in my own toolkit. But sometimes it is best to simply look the price to gauge strength. And doing so, it can help us scenario plan for future events. After I take a quick look at Japanese yen pairs, I wrap up on my preferred setup.
Matt Simpson, Market Analyst at Forex.com and City Index
ES weekly trading plan for May 6 - May 9ES closed bullish last week. I expect the high of previous weekly candle to be taken out. 15M structure is bullish and in discount zone. I expect manipulation in London open on Tuesday, reversal and move to previous week high
BITCOIN - April ReviewIt's a make or break for Bitcoin right about now guys.....
Either we see all-time highs booked at $109,000 or we see capitulation to $73,000 and lower! Right about now, I can't seem to make a confident decision on whether Bitcoin will gravitate lower into lower timeframe PD arrays before targeting ATH or if a news event occurs plummeting the price in a heartbeat down to record levels.
You think $40,000 is not possible??
GOLD - April ReviewGold has been on an absolute tear this year, with gains of up to 30%!
I hate to say but the more turmoil that the world economy faces, the higher Gold prices will rise as this market is predominantly a event driven market meaning it takes fundamental news for the market to move like crazy, just like what we have been seeing recently
EURUSD - April ReviewGBPUSD is the weakest pair amongst the pair and I am more 50/50 this month with where EURUSD could draw to first.
Scalpers can have a field day during conditions like this!
As long as we see dollar present us with bullish conditions, I will expect to see weakness in EUJRUSD
GBPUSD - April ReviewThere is a chance that we close bullish inside of the higher time frame 3-month SIBI @ 1.34826 - 1.38384 for this month but i am seeking a short-term retracement into lower timeframe PD arrays before a continued expansion higher.
1.31356 is in the cards.
