iRobot, the maker of Roomba robot vacuums, has filed for Chapter 11 bankruptcy after reaching a restructuring agreement that hands control of the company to its main supplier and lender, Shenzhen Picea Robotics.The Massachusetts-based company filed in Delaware on December 14. Under the plan, Shenzhen Picea will receive 100% of the equity in the reorganised business, while existing shareholders will be wiped out. Santrum Hong Kong is also involved in the restructuring.iRobot said the process will allow it to continue operating as a going concern, meet employee obligations and pay suppliers in full during the court-supervised process. The filing follows years of declining earnings and mounting debt pressures. This article was written by Eamonn Sheridan at investinglive.com.

China Vanke fails to win approval to delay $284 million bond payment.China Vanke, one of the country’s largest state-backed property developers, said in a Hong Kong stock exchange filing on Monday that it failed to secure bondholder approval to delay a bond payment due the same day.The rejection followed a three-day vote that ended late on Friday, preventing the company from pushing back repayment by one year. As a result, Vanke now faces a five-business-day grace period to pay 2 billion yuan ($284 million). The developer said it plans to convene a second bondholder meeting within that window to continue seeking a resolution.Vanke, long viewed as one of China’s more financially resilient developers due to its partial state ownership and historically conservative balance sheet, has nonetheless come under pressure as the prolonged property downturn squeezes cash flows, home sales and refinancing options across the sector. The failed vote underscores the fragile confidence among creditors even toward higher-quality names in China’s struggling real estate industry. -The setback raises fresh concerns over credit risk in China’s property sector, signalling that funding pressure is no longer confined to weaker developers and could keep investor sentiment cautious. -Earlier (weeks ago) S&P cut Vanke to CCC-, flags deepening distress. New stage in Vanke’s rapid deterioration.Repayment delay sparks panic selling in China Vanke debt. Record low, trading halt. This article was written by Eamonn Sheridan at investinglive.com.

People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a "band," around a central reference rate, or "midpoint." It's currently at +/- 2%. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against a basket of currencies, primarily the US dollar. The central bank takes into account factors such as market supply and demand, economic indicators, and international currency market fluctuations. The midpoint serves as a reference point for that day's trading.The trading band: The PBOC allows the yuan to move within a specified range around the midpoint. The trading band is set at +/- 2%, meaning the yuan could appreciate or depreciate by a maximum of 2% from the midpoint during a single trading day. This range is subject to change by the PBOC based on economic conditions and policy objectives.Intervention: If the yuan's value approaches the limit of the trading band or experiences excessive volatility, the PBOC may intervene in the foreign exchange market by buying or selling the yuan to stabilize its value. This helps maintain a controlled and gradual adjustment of the currency's value. This article was written by Eamonn Sheridan at investinglive.com.

Japanese firms cited easing uncertainty around U.S. trade policy and resilient demand in high-tech sectors as key factors supporting business sentiment, according to comments from a senior Bank of Japan official on the December Tankan survey.The BOJ official said companies pointed to a smaller-than-feared impact from U.S. tariffs, improved cost pass-through, and robust demand linked to artificial intelligence and semiconductor investment as positives for the business outlook.At the same time, firms flagged persistent headwinds. Concerns remain over the impact of U.S. tariffs, rising labour costs and acute labour shortages, while higher prices were seen weighing on household spending and broader consumption.Some non-manufacturing firms also warned that elevated prices were starting to dampen demand from inbound tourists, adding another layer of caution to the outlook despite improving external conditions.The comments reinforce a balanced BOJ narrative: improving external conditions and pricing power offset by domestic cost pressures, supporting a gradual and cautious policy normalisation path. The Bank is expected top hike its rate this week, the meeting in December 18 and 19. This article was written by Eamonn Sheridan at investinglive.com.

UK home asking prices fell by more than is typical for the time of year in early December, according to property website Rightmove, highlighting a subdued housing market around last month’s government budget.Rightmove said average asking prices for newly listed homes dropped 1.8% month-on-month in the four weeks to December 6, a steeper fall than the 10-year average decline of 1.4% for the period. Prices were also 0.6% lower than a year earlier (compared with November of -0.5% y/y)The report adds to evidence of softer market conditions. The UK budget included plans for a new annual tax on homes valued above £2 million from April 2028.Rightmove said there were early signs of a post-budget pickup in sales activity at the top end of the London market.Looking ahead, Rightmove expects a more stable economic backdrop to support a rebound in activity and around 2% house price growth in 2026. This article was written by Eamonn Sheridan at investinglive.com.

Japan’s corporate sentiment remained broadly stable in the Bank of Japan’s December Tankan survey, with large manufacturers’ sentiment holding steady and business conditions across the services sector remaining elevated, even as profit expectations weakened and labour shortages persisted.The headline large manufacturers’ index came in at +15, matching both the previous quarter and market expectations. This is the highest since December 2021. Sentiment is expected to remain unchanged in March, outperforming consensus forecasts. Large non-manufacturers eased slightly to +34, just below expectations, with a further moderation to +28 projected for March.Smaller firms showed modest improvement, with small manufacturers rising to +6, beating forecasts, while small non-manufacturers edged up to +15, the highest sonce March 2019. Capital expenditure plans were resilient, with large firms forecasting FY2025/26 capex growth of 12.6%, above expectations, led by manufacturers. However, profit expectations softened. Large manufacturers see recurring profits falling 7.8% in FY2025/26, weighing on the overall earnings outlook despite solid investment intentions.Corporate inflation expectations were unchanged, with firms continuing to expect consumer prices to rise 2.4% over one-, three- and five-year horizons. Labour market conditions remained tight, with the employment diffusion index at -38, underscoring persistent worker shortages.Japanese firms forecast the dollar averaging around ¥147 in FY2025/26, pointing to expectations of continued yen weakness.---The survey supports the BOJ’s gradual normalisation narrative, with stable sentiment, anchored inflation expectations and strong capex offset by weaker profits and lingering yen sensitivity. This article was written by Eamonn Sheridan at investinglive.com.

Futures rollover is the process by which traders exit positions in a soon-to-expire contract and re-establish them in the next active contract month. This is particularly important in U.S. equity index futures:including the S&P 500 (ES), Nasdaq 100 (NQ), Dow Jones (YM) and Russell 2000 (RTY) which trade on fixed expiration schedules.These contracts expire on a quarterly cycle, with final trading taking place on the third Friday of March, June, September and December.In practice, rollover activity typically begins earlier, with many traders shifting positions from the Monday of expiration week as liquidity migrates to the next contract. Some participants instead monitor volume and open interest to identify the point at which trading activity decisively moves into the new contract. ---I got a head start notification at an early hour here this morning! This article was written by Eamonn Sheridan at investinglive.com.

As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.Indicative rates only, little change from late Friday:EUR/USD 1.1739USD/JPY 155.88GBP/USD 1.3379USD/CHF 0.7961USD/CAD 1.3770AUD/USD 0.6643NZD/USD 0.5798 This article was written by Eamonn Sheridan at investinglive.com.

Stock Market Wrap-Up: Tech Sector Tumbles, Dow Hangs OnWSJ: Trump leaning toward Kevin Warsh or Kevin Hassett to lead the FedCrude oil settling lower by 0.28%European indices close lower but not bad relatively speakingTech Wreck: Stocks continue to tumble with the NASDAQ now down -1.78%Fed's Hammack: Balancing both sides of the Fed mandate is challenging.Goolsbee wants to wait. Cannot assume the current inflation will be transitoryFed’s Schmid Explains Dissent: "Inflation is Too Hot"FX technical outlook: EURUSD, USDJPY, GBPUSD set the tone into the North American sessionFed Divided: Goolsbee Dissents on Rate Cut While Paulson Eyes Job RisksinvestingLive European FX news wrap: UK GDP misses, Gold extends gainsThe currency markets finished the week on a mixed note. While the US Dollar found support against risk-sensitive currencies like the Australian and New Zealand Dollars—mirroring the sell-off in the Nasdaq—it struggled to gain ground against the Euro and Canadian Dollar. The greenback’s performance reflects a market caught between "safe-haven" flows and specific regional strength.Closing LevelsEUR/USD: 1.1740 (+0.02%) – The Euro managed a marginal gain against the dollar.USD/JPY: 155.82 (+0.16%) – The pair pushed higher, with the dollar showing strength against the Yen.GBP/USD: 1.3363 (-0.17%) – The Pound was one of the day's underperformers, sliding back below the 1.34 handle.USD/CHF: 0.7958 (+0.09%) – The dollar gained slightly against the Swiss Franc.USD/CAD: 1.3767 (-0.01%) – The Loonie held its ground, outperforming most peers likely due to robust Canadian economic data released earlier in the day.AUD/USD: 0.6649 (-0.20%) – The Aussie was hit by the broader "risk-off" sentiment.NZD/USD: 0.5802 (-0.10%) – The Kiwi followed the Aussie lower.Key Market Drivers in the forex today. 1. Canadian Dollar Resilience (USD/CAD) The Canadian Dollar was a standout performer relative to other commodity currencies. While oil prices struggled, the Loonie was supported by a slew of strong domestic data.Building Permits: Surged +14.9% in October, smashing expectations.Capacity Utilization: Rose to 78.5% in Q3, signaling a tightening industrial sector.Wholesale Trade: Posted a +0.1% gain versus a forecasted decline.2. Risk-Off Flows Hit Antipodeans (AUD & NZD) The Australian and New Zealand Dollars were the weakest majors on the day, down 0.20% and 0.10% respectively. These "high-beta" currencies often act as a liquid proxy for global risk sentiment. With the Nasdaq tumbling -1.69% and the S&P 500 down -1.07%, investors rotated out of these growth-linked currencies.3. Dollar/Yen (USD/JPY) Firmness Despite the drop in US equity markets (which typically strengthens the Yen), USD/JPY rose 0.16% to 155.82. The pair remains sensitive to the divergence between the Federal Reserve's recent cut and the Bank of Japan's slow-moving policy normalization.US Bond Yields : Rising Across the CurveTreasury yields are moving higher today, retracing the declines seen earlier in the week. The selling pressure has pushed yields up across the board, with the long end of the curve leading the move. Notably, the 30-year yield has climbed to its highest level since early September, driven by the market digesting a massive influx of supply—over $602 billion in Treasuries were sold this week—and reassessing the Federal Reserve's policy outlook following Wednesday's cut.Current Yield Levels:2-Year Yield: 3.545% (up +1.5 basis points)5-Year Yield: 3.743% (up +2.8 basis points)10-Year Yield: 4.178% (up +3.7 basis points)30-Year Yield: 4.831% (up +4.2 basis points).For the weeK, despite the Fed cut, the 2 year was the only one to see lower yields this week. :2-Year Yield: -4.0 basis points5-Year Yield: +2.7 basis points10-Year Yield: +4.7 basis points30-Year Yield: 5.6 basis pointsFed officials were open to speak after the black-out period expired. Speaking were Fed's Hammack (non-voting member but hawk), Chicago Fed Pres. Goolsbee who dissented to no change, and Cleveland Pres. Schmid who also dissented to no change. Below is a summary of their comments:Cleveland Fed President Beth HammackPresident Hammack, who will become a voting member in 2026, aligned herself with the hawkish dissenters despite not casting a vote at this meeting. She emphasized the difficulty of the current economic moment, noting that while the labor market has been "gradually cooling," inflation remains stubbornly above the Fed's target. Her comments suggest she would have preferred to keep rates unchanged to ensure price stability is fully restored.Balancing Act: Stated that balancing both sides of the Fed's mandate (maximum employment and price stability) is currently "challenging."Inflation Focus: Highlighted that inflation remains above target, justifying her alignment with the "no change" camp.Future Voter: Positioned herself as a hawkish voice heading into her voting rotation next year.Kansas City Fed President Jeffrey SchmidPresident Schmid was one of the two officials who dissented in favor of keeping rates unchanged. He argued that the economy still has significant momentum and that the labor market appears to be in balance rather than deteriorating. His primary concern is that inflation is "too hot" and that current monetary policy may be only "modestly restrictive," if at all, which risks undermining the Fed's hard-won credibility on inflation.Policy Effectiveness: Questioned whether current rates are actually restrictive enough to bring inflation down effectively.Inflation Warning: Stated explicitly that "inflation is too hot" and warned policymakers not to become complacent about maintaining credibility.Economic Resilience: Observed that the economy is showing momentum and the job market seems largely in balance, countering the need for immediate cuts.Chicago Fed President Austan GoolsbeePresident Goolsbee, typically known for more dovish views, dissented in favor of a "pause" to wait for more data. He expressed discomfort with "front-loading" rate cuts when inflation has stalled above target for years. Goolsbee argued that waiting until the first quarter of the year would have provided the necessary assurance that inflation was truly on a downward path without risking significant harm to a labor market he describes as stable.Patience on Cuts: Argued that waiting until Q1 would allow the Fed to be "assured inflation is coming down" rather than assuming current pressures are transitory.Labor Market Stability: Noted that the "low hiring and low firing" dynamic does not suggest a cyclical downturn, meaning there was no urgent need to cut to save jobs.Inflation Persistence: Highlighted concerning services inflation and emphasized that one cannot ignore that prices have been rising for four years.For technical views on the major currency pairs going into the new week:USDJPY: AUDUSD: NZDUSD: USDCHF: USDCAD: EURUSD and GBPUSD: Wrap the week up and put a bow on it. Thank you for your support this week. This article was written by Greg Michalowski at investinglive.com.

End of Day Market Summary: Tech Sector Weighs on Wall StreetUS stocks closed lower to end the trading week, as a sharp selloff in the technology sector dragged down the broader market. While the Dow Jones Industrial Average managed to secure a gain for the week, the S&P 500 and Nasdaq succumbed to profit-taking and "margin anxiety" in high-flying AI names.Index Closing LevelsDow Jones Industrial Average (DJI): 48,458.05 | -245.96 (-0.51%)S&P 500 (SPX): 6,827.41 | -73.59 (-1.07%)Nasdaq Composite (IXIC): 23,195.17 | -398.69 (-1.69%)Weekly Performance Recap Despite Friday's dip, the industrial-heavy Dow held onto its strength for the week, while tech weakness pulled the other indices into the red.Dow: +1.05%S&P 500: -0.63%Nasdaq: -1.62%S&P 500 Sector PerformanceThe market saw a clear defensive rotation today. Investors moved capital out of growth-focused technology stocks and into "safer" value sectors like consumer staples and healthcare.The Winners (Defensive & Value)Consumer Staples (S5CONS): +0.93% – Led the market as investors sought safety.Health Care (S5HLTH): +0.30% – Offered stability amidst the tech volatility.Materials (S5MATR): +0.19%Financials (SPF) & Consumer Discretionary (S5COND): Both up +0.11%.The Losers (Growth & Cyclical)Information Technology (S5INFT): -2.87% – The clear laggard, suffering its worst day in weeks.Energy (SPN): -0.92% – weighed down by falling oil prices.Communication Services (S5TELS): -0.69%Industrials (S5INDU): -0.64%Stock Stories: The Big LosersThe sea of red in the tech sector was driven by earnings reactions that signaled investors are becoming pickier about valuations and margins.Broadcom (AVGO): -11.44%The Story: Broadcom was the primary anchor on the tech sector today. Despite beating earnings and revenue expectations, the stock plummeted due to "margin anxiety." After a ~58% rally this year, investors were priced for perfection, and management's guidance on future margins wasn't enough to sustain the hype, triggering a massive "sell the news" event.Ciena Corp (CIEN): -9.87%The Story: Similar to Broadcom, Ciena fell victim to high expectations. The company reported strong Q4 results and raised its fiscal 2026 outlook, citing AI demand. However, the stock dropped as investors took profits, potentially concerned about valuation levels after its recent run-up.Oracle (ORCL): -4.80% (Week: -12.69%)The Story: Oracle continued its slide from earlier in the week. Investors remain spooked by the company's massive capital expenditure plans to build out AI data centers. The fear is that spending is rising faster than immediate profits, leading to a sharp re-rating of the stock.Micron (MU): -6.71%The Story: Caught in the crossfire of the broader semiconductor selloff, Micron fell in sympathy with Broadcom. As traders de-risked their AI chip portfolios, high-beta names like Micron were sold off aggressively.Stock Stories: The Notable WinnersWhile tech struggled, specific individual stories drove gains in other areas.Lululemon Athletica (LULU): +9.63%The Story: Lululemon was a standout performer, surging after reporting better-than-expected third-quarter earnings. Investors also cheered the announcement of a $1 billion stock buyback program and a CEO transition plan, signaling confidence in the company's future direction.Chipotle Mexican Grill (CMG): +3.64%The Story: The fast-casual chain saw robust buying interest, aligning with the broader strength in the Consumer Discretionary sector today.Tesla (TSLA): +2.70%The Story: Bucking the tech trend, Tesla shares moved higher, finding support even as other high-growth names faltered. This article was written by Greg Michalowski at investinglive.com.

In an exclusive interview with The Wall Street Journal, President Trump revealed he is leaning toward nominating either former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett as the next Federal Reserve Chairman. Trump emphasized that his choice must be willing to lower interest rates and consult with him on monetary policy.Key Takeaways:Top Contenders: Trump confirmed that Kevin Warsh and Kevin Hassett are at the top of his list, referring to them as "the two Kevins." While Hassett was recently viewed as the front-runner, Trump stated that Warsh remains a top candidate.Consultation on Rates: Breaking from recent tradition, Trump believes the next Fed Chair should consult with the President on interest rate decisions. He argued, "I’m a smart voice and should be listened to."Aggressive Rate Cuts: Trump outlined a desire for significantly lower borrowing costs, stating he wants interest rates to be at 1% or lower a year from now to help reduce the cost of financing the $30 trillion national debt.Litmus Test for Warsh: During a recent meeting, Trump reportedly pressed Warsh on whether he could be trusted to support interest-rate cuts. Trump noted in the interview, “He thinks you have to lower interest rates.”Past Regrets: Trump expressed frustration over his 2017 appointment of current Chair Jerome Powell, stating he was given a "bad recommendation" at the time and wants to be more careful with this selection.Other Potential Candidates: While focused on Warsh and Hassett, the administration has also vetted current Fed governors Christopher Waller and Michelle Bowman.Polymarket's had Hassett as the favorite at the mid 80% last week, but that number has been reduced to 66% currently. Warsh meanwhile has moved up to 31% This article was written by Greg Michalowski at investinglive.com.

A Week of Two HalvesThe USDJPY has settled the North American session marginally higher on the day, capping off a week defined by up-and-down volatility.The Lows: Sellers controlled the early action, pushing the price to a weekly low of 154.89 during Monday's session.The Highs: Buyers fought back mid-week, driving the pair to a peak of 156.95 late Tuesday into early Wednesday.The Settle: As the dust settles, the price is currently trading near 155.81. Interestingly, this is almost perfectly aligned with the 155.92 midpoint of the entire week's trading range, signaling a market in equilibrium as traders head into the weekend.The Technical Battleground: 100 vs. 200 Hour MAsHeading into the new trading week, the technical picture is tightening. The price is currently "squeezed" between two critical technical indicators on the hourly chart. These moving averages will act as the primary barometers for sentiment:Resistance (The Ceiling): The 100-hour moving average is currently sitting just above at 156.06.Support (The Floor): The 200-hour moving average is providing immediate support below at 155.68.The proximity of these two levels suggests a breakout is imminent. Whichever line breaks first will likely dictate the directional bias for the start of next week.Next Week's Game Plan: Key Levels to WatchTraders should watch the break of this moving average "sandwich" to define their risk and targets.The Bullish Scenario:Trigger: If the price moves and stays above the 100-hour moving average (156.06), the bullish bias increases.Target 1: Momentum to the upside would have traders targeting the resistance zone between 156.57 – 156.73.Target 2: A break there opens the door for a retest of the weekly high near 156.95.The Bearish Scenario:Trigger: If the price moves and stays below the 200-hour moving average (155.68), the bearish bias takes control.Target 1: Downside momentum would initially target the psychological 155.00 level.Target 2: A break below that handle exposes the swing area between 154.40 and 154.47.Watch the Video Analysis: In the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving the move, outline where the risk is, and map out the next targets that matter most for USDJPY traders.Be aware. Be prepared. This article was written by Greg Michalowski at investinglive.com.

Weekly Price ActionCrude oil futures settled the week on a soft note, closing at $57.44, down $0.16 or -0.28% for the day. For the week, the commodity saw significant selling pressure:Weekly Change: Down -4.54%, a decline of $3.12.The Highs: The week’s high was reached on Monday at $60.30.The Lows: Sellers pushed the price to a weekly low of $57.01 during Thursday's trade.The Fundamental StoryThe sharp 4.5% drop this week was driven by a "perfect storm" of bearish supply data and easing geopolitical risk premiums that overpowered localized disruptions.The Supply Glut Narrative: The primary weight on prices this week was the growing consensus of a massive supply surplus heading into 2026. The International Energy Agency (IEA) released a report forecasting a record oil glut for next year, driven by surging production from non-OPEC nations (like the U.S. and Canada) outpacing global demand.Geopolitical Risk Fade (Ukraine): Traders began removing the "war premium" from oil prices as peace talks regarding Ukraine gained traction. Reports that the White House is sending a representative to Europe for negotiations signaled a potential de-escalation, which reduced the fear of sudden supply shocks from the region.Production Restorations: Adding to the bearish supply picture, Iraq successfully restored production at a key oilfield that accounts for roughly 0.5% of global supply, further easing tightness in the physical market.Limited Support from Disruptions: There were bullish factors, but they failed to turn the tide. The U.S. seized a Venezuelan oil tanker, and Ukraine struck another vessel in Russia's "shadow fleet," but market participants largely ignored these supply threats, focusing instead on the broader macro picture of oversupply.Technical Analysis: Testing Critical SupportThe price action is currently testing a critical floor on the hourly chart, focusing on a low swing area between $57.10 and $57.39. This zone is now the "line in the sand" for near-term direction.The Bearish Scenario (Breakdown):Trigger: Getting and staying below the $57.10 - $57.39 support zone would significantly increase the bearish bias.Target: A confirmed break here would have traders looking toward the October low at $55.96 as the next major downside objective.The Bullish Scenario (Hold & Bounce):Trigger: If the price can hold support in this swing area, buyers may look to rotate back higher.Target: The immediate upside target is $58.13.Key Resistance: Traders must also watch the falling 100-hour moving average, currently at $58.28, which is moving quickly toward that $58.13 level and will act as a stiff ceiling for any recovery. This article was written by Greg Michalowski at investinglive.com.

Bullish Momentum Extends for a Third WeekThe AUDUSD moved higher for the third consecutive week, extending to its highest level since September 17th. This upside momentum began after the pair bottomed on November 21 near the high of a swing area between 0.6407 and 0.6424.During this run, the pair successfully cleared a series of critical technical hurdles, including:The 200-day and 100-day Moving Averages.The 50% retracement level.The 61.8% retracement at 0.6597.The Current Range: Resistance vs. SupportThis week, the price extended above a swing area between 0.66247 and 0.6635, reaching a weekly high of 0.66845. However, buyers ran out of steam just short of the key September 17 targets at 0.6688 and 0.67064, causing the price to rotate lower.The Retest: The pullback took the price right back to the breakout zone between 0.66247 and 0.6635. Buyers stepped in at this level to defend the trend, pushing price back to the upside.Defining the Borderlines: Heading into the close, the price is effectively trapped between two clear technical boundaries:Support: The swing area down to 0.66247.Resistance: The swing area cap at 0.66888.A break of either level is required to give control to the buyers or sellers in the short term.Scenarios: Next Targets to WatchThe Bearish Case (Downside Risk):On a break below 0.66247, traders will look toward the 61.8% retracement at 0.6597.A move below that level opens the door to the 50% midpoint at 0.6563.The Bullish Case (Topside Breakout):On a break above 0.6688, the high price from September at 0.6706 is the obvious target to get to—and through.If that level is cleared, I would expect accelerated upside momentum, potentially challenging the highest levels of the year and levels not seen since October 2024.Watch the Video Analysis: In the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving the move, outline where the risk is, and map out the next targets that matter most for AUDUSD traders.Be aware. Be prepared. This article was written by Greg Michalowski at investinglive.com.

A Strong 3-Week RecoveryThe NZDUSD is up for the third week in a row after bottoming on November 21 at 0.55758. The move to the upside has taken the pair to a high this week of 0.5830, representing a significant recovery over the last 16 trading days:Price Change: +254 pipsPercentage Change: +4.56%The Technical Battle: 100-Day Moving AverageThis week's rally briefly extended above the 100-day moving average at 0.58025—the first time price has traded above this level since September 18. However, the momentum hit a wall near a cluster of key resistance levels.Where Sellers Stepped In: The run to the upside stalled near the low of a swing area between 0.5830 and 0.58442. Crucially, it also failed just ahead of the 50% midpoint of the move from the July 1 high to the November low, which comes in at 0.58476.After reaching a high of 0.5830 yesterday, sellers leaned against resistance and pushed the price modestly lower. While the pair dipped back below the 100-day moving average, the decline stalled ahead of the broken 38.2% retracement level at 0.5783.Current Setup & Key LevelsHeading into the end of the week and the new trading session, traders will be treating the 100-day moving average (0.58025) and the 0.5800 natural level as the barometer for the next directional move.The Bullish Scenario (Topside Targets):Buyers need to push back above 0.5830 and clear the 0.58476 (50% midpoint) level to gain confidence.A break above that zone would have traders looking toward the 200-day moving average at 0.58677 as a major confirming signal for a sustained bullish trend.The Bearish Scenario (Downside Risks):If the tilt shifts to the downside and price breaks back below the 38.2% retracement at 0.5783, the bias weakens.Traders would then target the swing area at 0.5753, followed by the rising 100-bar moving average on the 4-hour chart at 0.5722.Watch the Video Analysis: In the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving the move, outline where the risk is, and map out the next targets that matter most for NZDUSD traders.Be aware. Be prepared. This article was written by Greg Michalowski at investinglive.com.

With the Dow industrial average down -0.47%, the S&P down -1.36% and the NASDAQ index down -2.0%, the European declines today are modest. The UK's FTSE 100 led the declines, likely weighed down by earlier reports that the UK economy unexpectedly shrank in October.A snapshot of the closing levels shows the:European Market Close SummaryKey Drivers for the Day:UK Weakness: The FTSE 100 underperformed its peers (-0.56%) after data revealed the UK GDP contracted by 0.1% in October, dampening investor sentiment despite expectations of a Bank of England rate cut next week.Broad Tech Pressure: The negative sentiment likely spilled over from the U.S. "Tech Wreck," where major earnings disappointments from Oracle and Broadcom dragged down global equities.For the trading week, the changes were mixed with France's CAC and UK's FTSE 100 lower, but German DAX, Spain's Ibex and Italy's FTSE MIB higher:German DAX +0.66%France's CAC -0.57%UK's FTSE 100 -0.19%Spain's Ibex, +0.99%Italy's FTSE MIB +0.19%Key Drivers for the Week:Spain (IBEX 35): Outperformed peers, driven by resilience in its banking sector and utilities, adding nearly 1% for the week.Germany (DAX): Despite dropping -0.34% today, the index secured a weekly gain of roughly 0.66%, hitting a 2-month peak earlier in the week.UK (FTSE 100): Lagged significantly, ending the week in the red (-0.19%) after GDP data showed the economy shrank unexpectedly in OctoberLooking at other markets as European traders head for the exits:Crude oil is trading up $0.10 at $57.70. For the week the price is down around 4%.Gold and silver have reversed into negative territory. Gold is down $1.40 or -0.03% at 4277. The high price reached 4353.57. Silver is now down $-2.40 or -3.74% at $61.17. It raised to a new all-time high of $64.65 before reversing hard to the downside. Bitcoin is reversing to the downside on risk-off sentiment. The price is down $-2281 at $90,258 This article was written by Greg Michalowski at investinglive.com.

SNB Policy: Rates on Hold, "Expansive" Stance RemainsThe Swiss National Bank (SNB) kept rates unchanged earlier this week at 0.0%. Following the decision, comments from SNB Chairman Martin Schlegel—combined with technical resistance—helped push the USDCHF lower (strengthening the CHF).Key Takeaways from Chairman Schlegel:Policy Stance: Schlegel stressed that the current stance remains "expansive" and supportive of growth.Inflation Outlook: Midterm inflation pressures are essentially unchanged. He downplayed recent softer inflation readings, expecting inflation to rise gradually as accommodative policy and growth prospects take effect.FX & Rates: Low interest rates remain effective via the exchange rate. The SNB stands ready to intervene in FX markets if necessary, noting that rate differentials are a key driver of currency moves.Future Tools: While the bar for returning to negative rates is higher, they remain an option if warranted.Risks: Significant risks persist, including U.S. trade policy, though fiscal conditions should be broadly supportive next year.Technical Analysis: The Range HoldsTechnically, the price action this week confirms the importance of the long-standing trading range that has confined the pair since September (roughly between 0.7900 and 0.80876).Failed Breakout: On Monday and Tuesday, the price moved marginally above the high of that swing area, reaching 0.8085 and 0.8083, respectively.The Reversal: These highs failed to sustain momentum, sparking a run to the downside that began on Wednesday and continued through Thursday.The Breakdown: Failing at the 0.8000 MidpointA critical technical development occurred during Wednesday's trade when the price fell below its 50% midpoint at 0.8000—a level that also serves as a natural psychological anchor.The Retest: On Thursday, the price corrected up to test that 0.8000 level.Seller Reaction: Sellers leaned in against that resistance, initiating another leg lower.Support Found: That decline extended to a swing area between 0.7924 and 0.7928, where buyers finally stepped in to push the price higher into the close.Current Setup: The 38.2% Retracement HurdleIn trading today, the move to the upside has continued, but modestly. The current price is trading near session highs at 0.7963, off the low from yesterday near 0.7924. However, the recovery is facing a new hurdle:Resistance: The rally is still short of the broken 38.2% retracement of the trading range (measured from the November high to November low). That level comes in at 0.7971.What to Watch Next:Bullish Case: If buyers are to take back control, they need to break above 0.7971 and push back toward the 0.8000 midpoint.Bearish Case: Absent a break of 0.7971, sellers remain in control, keeping the focus on the downside.Watch the Video Analysis: In the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving the move, outline where the risk is, and map out the next targets that matter most for USDCHF traders.Be aware. Be prepared. This article was written by Greg Michalowski at investinglive.com.

Here is a snapshot of the US stock market today, Friday, December 12, 2025, highlighting the "Tech Wreck" narrative driving the major declines you are seeing.Market Summary: The Great Rotation IntensifiesThe divergence in the market has widened significantly today. Investors are aggressively rotating out of high-flying technology and AI stocks—sparked by disappointments from key sector leaders—and moving capital into safer, cyclical sectors (like the industrials supporting the Dow).NASDAQ: -1.76% (Bearing the brunt of the sell-off)S&P 500: -1.17%Dow Jones: -0.50% (Outperforming relatively, thanks to industrial support)The sea of red in your list is largely driven by a "contagion effect" from two major earnings stories (Broadcom and Oracle) combined with specific analyst downgrades.1. The Anchors (Dragging the Sector Down)Broadcom (AVGO) [-11.25%]The Story: Broadcom is arguably the biggest weight on the tech sector today. Despite beating earnings and revenue expectations, the stock is being punished for "imperfect" guidance regarding margins. After rallying ~58% this year, investors were priced for perfection. When management hinted that AI chip margins might not expand as fast as hoped, it triggered a massive "sell the news" event.Oracle (ORCL) [-4.77%]The Story: The selling pressure from Wednesday's earnings report has not abated. Investors remain spooked by Oracle's massive capital expenditure (spending) plans to build out AI data centers. The market is worried that the costs are rising faster than the immediate profits, leading to a continued re-rating of the stock.2. The "Sympathy" Sell-Off (Semis & Storage)The weakness in Broadcom and Oracle has spooked investors in the entire hardware and semiconductor supply chain.Micron (MU) [-6.83%] & Western Digital (WDC) [-8.84%]The Story: These memory and storage giants are falling in sympathy with Broadcom. The fear is that if Broadcom is seeing margin pressure, other hardware players will too. Despite some recent analyst upgrades for Micron, the broader sector sentiment has turned negative today, leading to profit-taking.AMD [-4.72%] & Lam Research (LRCX) [-4.78%]The Story: As bellwethers for AI chips and chip-manufacturing equipment, these stocks are highly correlated with Broadcom. When the market decides to "de-risk" from AI hardware, these are the first names sold via ETFs and sector rotation.3. Company-Specific NewsCiena Corp (CIEN) [-10.45%]The Story: Ciena reported Q4 earnings today. While headlines initially showed they "crushed" earnings estimates and saw record sales, the massive drop suggests a classic "sell the news" reaction or disappointment with forward-looking details hidden in the guidance. In a nervous market, even good earnings aren't enough to sustain high valuations.Roblox (RBLX) [-4.98%]The Story: This decline is driven by a specific analyst move. JPMorgan downgraded Roblox today from "Overweight" (Buy) to "Neutral" and cut their price target. The analyst cited valuation concerns after the stock's recent run-up, prompting traders to lock in profits.Corning (GLW) [-7.62%]The Story: Corning had rallied for six straight days prior to today. This drop appears to be a technical correction and profit-taking event as the stock hit resistance levels, exacerbated by the general negative sentiment in tech hardware.Palantir (PLTR) [-4.55%] & Nebius NV (NBIS) [-5.17%]The Story: These are high-beta "pure play" AI stocks. When the market questions the ROI of AI spending (as they are with Oracle and Broadcom today), stocks like Palantir—which trade at very high valuations—often see the sharpest rapid declines as momentum traders exit. This article was written by Greg Michalowski at investinglive.com.

Order flow perspective as price tests a key downside levelAs market rotation may be intensifying and silver, the new black in metals (for quite some time now) skyrockets to a new high (don't forget my long term target for silver), I wanted to access investingLive's orderFlow Intel to see if the early selling today was intense under the hood. At the time of analysis, the S&P 500 futures are trading near 6,858, which is an important reference point for both short term traders and swing focused investors. This level represents yesterday’s value area low, and it is also a naked level, meaning it has not been fully tested since it was formed. These areas often attract attention because they can act as temporary stopping points, reaction zones, or decision points for the next directional move.From a pure chart perspective, the downside move over the last several range bars is obvious. What order flow analysis helps us answer is a deeper question: is this move driven by aggressive selling, or is it more of a controlled grind lower with two sided participation?What the order flow is telling usOur order flow analysis shows that sellers remain in control, but this is not a panic selloff.Buy and sell activity remains relatively balanced, even as price pushes lower. This suggests the market is still trading in a two sided manner, rather than experiencing forced liquidation.Despite that balance, sellers are consistently the more aggressive side, which is why price continues to drift lower.Importantly, we do not yet see strong evidence that buyers are stepping in aggressively at the lows. This means downside pressure has eased slightly at times, but it has not clearly reversed.In simple terms, sellers are pressing, but they are not slamming the market. Buyers are present, but so far they are reactive rather than proactive.Key levels that matter nowThese are the reference points traders and investors should keep in mind:6,858: Yesterday’s value area low and current test zone. This is the main decision point.6,869: Yesterday’s point of control. Often a natural first upside magnet if price stabilizes.6,885 to 6,891: Today’s value area low and VWAP zone. Reclaiming this area would meaningfully improve the short term bullish case.As long as price remains below today’s value area and VWAP, the near term structure stays bearish to neutral, even if we see short lived bounces.Scenarios to considerStabilization or bounce scenario If price holds above 6,858 and order flow starts to show less selling pressure, a tactical bounce toward 6,869 and potentially the lower edge of today’s value area becomes more likely. This would be a corrective move inside a still fragile structure, not an automatic trend reversal.Continuation lower scenario If price accepts below 6,858 and selling pressure remains steady, the market is likely searching for the next lower liquidity pocket. That would keep downside risk elevated and favor patience for dip buyers.OrderFlow Intel takeawayOrderFlow Intel is designed to give decision support, not predictions carved in stone. Right now, it tells us that sellers are still in control, but the market is approaching a level where reactions often occur. Traders should focus less on guessing direction and more on how price behaves at 6,858, and whether selling pressure intensifies or fades.OrderFlow Intel bias score: -4 This reflects a bearish bias with moderate confidence, balanced by the fact that price is testing a statistically important support zone.Trade at your own risk. This article was written by Itai Levitan at investinglive.com.

The Great Rotation ContinuesThe rotation in the US stock market is gaining momentum today, creating a tale of two markets. On one side, the Dow Jones Industrial Average is trading higher, finding support from major industrial and cyclical stocks that are attracting fresh capital. On the other side, the big technology heavyweights that have driven much of the year's gains are under pressure, dragging the Nasdaq lower. This divergence highlights a classic "sector rotation," where investors secure profits from high-flying tech names and redistribute funds into value-oriented industrial sectors.Broadcom: The Bellwether for Tech WeaknessThe catalyst for today's bearish tech sentiment is Broadcom (AVGO). The semiconductor giant released earnings that, on paper, looked robust:Earnings Per Share (EPS): Reported $1.95 versus the expected $1.86.Revenue: Came in at $18.02 billion, beating the estimate of $17.47 billion.Guidance: Forward guidance also came in better than Wall Street expectations.So, why the sell-off? Despite the beat, management indicated that margins would be tighter than expected. In a market environment where a stock has rallied nearly 58% year-to-date, investors demand absolute perfection. The slight concern over margins was enough to trigger a "sell the news" event. As a result, Broadcom stock is currently down close to 10% on the day, acting as a bellwether for the broader weakness in the technology sector.Technical Analysis: Dow, Nasdaq, and BroadcomIn the video above, I (Greg Michalowski, author of Attacking Currency Trends) break down the technical factors driving this rotation.I take a close look at the charts for the Dow Industrial Average, the Nasdaq Index, and Broadcom to identify the technical reality behind the price action. In the analysis, I outline:The Buyers: Where support is holding for the industrials.The Risks: Key danger zones for tech stocks right now.The Targets: The next price levels that matter most for traders.While this is just a sliver of the total market, these three charts perfectly represent the current bias: a continued rotation out of technology and into cyclicals.In other stock news, Dell is said it is raising prices on December 17 across commercial product lines. The price hikes are linked to demand for memory chips. Shares of Dell are down $3.18 or -2.35% at $135.38 This article was written by Greg Michalowski at investinglive.com.