S&P and Nasdaq: No change today [Video]

Carol Harmer Charmer Trading

No change today, but resistance is clear

Channel base at 6863 with highs at 6855 holding the topside.
A close above 6863 is required to relieve downside pressure.
Support sits at 6746/6734 — lose this, and buyers will quickly reverse, joining sellers who’ve held firm at resistance.

December is always a tricky month

Year‑end positioning.
Bonus season for traders.
Wary sentiment across the board.

And as history reminds us: markets fall far quicker than they rise.

Opinion only — not investment advice. My Money My Risk.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

EUR/USD stays below 1.1850 as Fed policy signals weigh on sentiment

EUR/USD edges modestly higher after opening with a downside gap, trading near 1.1840 during Monday’s Asian session. However, the pair remains vulnerable to further downside as the US Dollar finds support following President Donald Trump’s nomination of Kevin Warsh as the next Federal Reserve Chair.

GBP/USD eyes more upside, with Golden Cross in play

Pound Sterling hits four-year highs above 1.3850 on relentless US Dollar selling. GBP/USD appears bullish, positioning for the BoE verdict and US Nonfarm Payrolls. Technically, a Golden Cross on the daily chart suggests more upside for GBP/USD.

Gold: Correction deepens amid easing geopolitical, Fed autonomy woes

Gold price holds its corrective downside near $4,700 in the Asian session on Monday. The precious metal extends the decline after reaching historic highs last week amid signs of easing concerns over geopolitics and the Fed's independence. Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index report due later on Monday.

Week ahead: Could strong US data shift focus from Trump’s rhetoric?

Significant market moves keep investors on their toes. Trump has been the primary source of volatility, mainly when targeting the Fed. Pivotal US data releases next week as markets adjust to potential Warsh Fed nomination. RBA, BoE and ECB meet next week; decent chances of surprises across the board. Dollar/Yen prepares for February 8 elections; gold experiences its first substantial correction.

Global central banks hold steady as EMs signal easing ahead

Central banks across both G10 and emerging markets met this week, with most opting to keep policy rates unchanged. Canada, Sweden, Brazil and Chile all held rates steady. Beyond central bank decisions, the Eurozone's solid Q4 GDP growth bolstered the case for the ECB to keep policy rates unchanged next week.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple deepen sell-off as bears take control of momentum

Bitcoin, Ethereum, and Ripple continued their corrections on Friday, posting weekly losses of nearly 6%, 3%, and 5%, respectively. BTC is nearing the November lows at $80,000, while ETH slips below $2,800 amid increasing downside pressure.