Crypto: still got the blues

The crypto market fluctuated slightly over the past day, ranging from a low of $3.02 trillion before the publication of the FOMC minutes and Nvidia's earnings, to a peak of $3.16 trillion in the middle of the Asian session. However, it has now fallen back to $3.13 trillion, remaining almost unchanged for the day. The cryptocurrency market remains pessimistic, reacting eagerly to negative news and quickly deflating on positive news.

Bitcoin is trading just above $92K at the start of the day on Thursday. It has been hovering around this level for the last four days, but the last ten days have seen lower local lows (falling to $88.5K at the end of the day on Wednesday) and local highs, indicating a very aggressive sell-off. In such conditions, it is only a matter of days before the bears find stop-out levels, triggering a self-sustaining avalanche of selloffs.

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▶️ EUR/USD. Current situation. #trading #tradelikeapro #eurusd #currencytrading #tradinganalysis

Today is Thursday, the 20th of November, and we will talk about the Euro market, which has entered the final phase of a downward correction.

#trading #tradelikeapro #eurusd #currencytrading #tradinganalysis

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The dollar basks in the glory

The Fed is leaning towards not cutting rates in December.

The pound and yen are under pressure due to government actions.

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⚠️ USA — Non-Farm Employment Change at 03:00 GMT

✔️ Prev: -4K

🕒 Exp: 53K

🎯 Fact.: 119K 📈

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⚠️ USA — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.3%

🕒 Exp: 4.3%

🎯 Fact.: 4.4% 📉

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⚠️ USA — Unemployment Claims at 03:00 GMT

✔️ Prev: 228K

🕒 Exp: 223K

🎯 Fact.: 220K 📈

🇺🇸 US pre-market: Mostly positive 📈

Following the release of NFP data, positive dynamics prevail in the US stock market before the market opens.

In the Electronic Technology sector, NVIDIA (NVDA) shares are up +4.92%, and Broadcom (AVGO) shares are up +3.98%.

In the Technology Services sector, Alphabet (GOOGL) shares are up +3.65%, while Microsoft (MSFT) is up +1.27%.

In the Retail sector, Amazon (AMZN) shares are up +1.93%, while Walmart (WMT) is up +3.49%.

The growth of the largest technology and retail companies is supporting positive investor sentiment, which is creating additional capital inflows and contributing to the strengthening of the dollar amid expectations of further growth.

The release of US employment data showed the economy added 119,000 jobs in September. This is twice the average forecast. The report alleviates concerns about a sharp economic slowdown before the shutdown, but this has already been factored in.

🗓 Economic Calendar at 2025/11/21 (GMT)

07:00 🇬🇧 Retail Sales With Auto Fuel — Exp: 0.0% | 1.5% Actual: -1.1% | 0.2%

07:00 🇬🇧 Retail Sales Ex Auto Fuel — Exp: -0.2% | 2.5% Actual: -1.0% | 1.2%

08:15 🇫🇷 Manufacturing PMI — Exp: 49.1 Actual: 47.8

08:15 🇫🇷 Services PMI — Exp: 48.6 Actual: 50.8

08:15 🇫🇷 PMI Composite — Exp: 48.1 Actual: 49.9

08:30 🇩🇪 Manufacturing PMI — Exp: 49.8 Actual: 48.4

08:30 🇩🇪 Services PMI — Exp: 54.0 Actual: 52.7

08:30 🇩🇪 PMI Composite — Exp: 53.5 Actual: 52.1

08:30 🇪🇺 ECB President Christine Lagarde Speaks

09:00 🇪🇺 Manufacturing PMI — Exp: 50.1 Actual: 49.7

09:00 🇪🇺 Services PMI — Exp: 52.8 Actual: 53.1

09:00 🇪🇺 PMI Composite — Exp: 52.5 Actual: 52.4

09:30 🇬🇧 Manufacturing PMI — Exp: 49.3 Actual: 50.2

09:30 🇬🇧 Services PMI — Exp: 52.0 Actual: 50.5

09:30 🇬🇧 PMI Composite — Exp: 51.8 Actual: 50.5

12:40 🇨🇭 SNB Chairman Martin Schlegel Speaks

13:30 🇨🇦 Retail Sales — Exp: -0.7% | -0.5% Actual: -0.7% | 0.2%

14:45 🇺🇸 Manufacturing PMI — Exp: 52.0 Actual: 51.9

14:45 🇺🇸 Services PMI — Exp: 54.6 Actual: 55.0

14:45 🇺🇸 PMI Composite — Exp: 54.5 Actual: 54.8

15:00 🇺🇸 UoM Consumer Sentiment — Exp: 50.3 Actual: 51.0


[Updated in real time]

Zcash Wave Analysis – 20 November 2025

- Zcash reversed from round support level 600.00

- Likely to rise to resistance level 738.00

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Monero Wave Analysis – 20 November 2025

- Monero broke pivotal support level 350.00

- Likely to fall to support level 316.00

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Boeing Wave Analysis – 20 November 2025

- Boeing broke support zone

- Likely to fall to support level 170.00

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Microsoft Wave Analysis – 20 November 2025

- Microsoft broke support levels 500.00, 490.00

- Likely to fall to support level 465.00

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⚠️ Japan — National Consumer Price Index at 03:00 GMT

✔️ Prev: 2.9%

🕒 Exp: 3.0%

🎯 Fact.: 3.0%

The Eurozone Composite PMI fell to 52.4 in November, against the expected and previous 52.5. Values above 50 indicate economic expansion, but its pace slowed slightly, having a somewhat negative impact on EURUSD.

Margin calls in crypto, but this is unlikely to be the bottom

The crypto market capitalisation plummeted by more than 9% to $2.82 trillion, reaching its lowest level since the end of April. This already appears to be a real liquidation of margin positions. The following technically necessary support line seems to be the $2.4 trillion area. The market found support here in early April 2025 and consolidated around it throughout April 2024.

Bitcoin is trading below $83K, and at its lowest point fell to $81K, starting the day at $88K. The timing and scale of the dynamics suggest a wave of margin calls in the early hours of Friday, with an attempt at stabilisation during the European session. The price of Bitcoin has returned to the stabilisation levels seen from late February to mid-April. The RSI index on the daily charts has fallen to 20, where it last stood before the massive rally in August 2023. Touching this level in mid-2022 was not far from the price's bottom (10% higher), but the reversal then took 6 months to materialise.

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🇺🇸 US pre-market: Mostly positive 📈

In the Electronic Technology sector, NVIDIA (NVDA) shares are up 0.79%, while Apple (AAPL) shares are up 0.02%.

In the Financial sector, JPMorgan Chase (JPM) shares are up 0.89%, while Bank of America (BAC) shares are also moving up 0.90%.

In the Technology Services sector, Alphabet (GOOGL) shares are rising sharply by 2.41%, while Microsoft (MSFT) shares are correcting by -0.18%.

The prevalence of growth among the largest companies is contributing to the inflow of investment into the US market and strengthening confidence in the dollar, laying the foundation for a potential rise in its exchange rate in the short term.

▶️ Pro News Weekly: Dollar Jumps, NVIDIA Lifts Stocks & Bitcoin Slumps

Welcome to Pro News Weekly! Here’s what is moving the markets:

💵 Dollar: Fed signals no December rate cut, pushing the USD to six-month highs.

📈 Stocks: NVIDIA’s strong earnings help stabilise indices.

🥇 Gold: Central bank demand keeps gold supported despite headwinds.

🪙 Crypto: Bitcoin struggles near 90K as ETF outflows accelerate.

Plus, what upcoming US data and the UK budget could mean for markets.

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The dollar is capitalising on its competitors’ weakness

The US labour market is sending mixed signals, and the Fed remains cautious.

The Bank of Japan is moving at a snail's pace, while the pound may surge.

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GBPCHF Wave Analysis – 21 November 2025

- GBPCHF reversed from support level 1.0400

- Likely to rise to resistance level 1.0630

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S&P 500 Wave Analysis – 21 November 2025

S&P 500: ⬆️ Buy

- S&P 500 index reversed from strong support level 6555.00

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