After yesterdays dollar strength the DXY has pulled back slightly also oil has pulled back slightly and with that risk assets like the US stock market has slight room to breath . BOE bank of England leaves key rate at 3.75% .
FOREX EUR/USD The pair trades at 1.14690, below its 20-day MA (1.16150) and 50-day MA (1.15370), indicating short-term bearish pressure. Current price is testing the session low of 1.14600. The 60-day swing low is 1.13545, with a 38.2% retracement from the 60-day swing high/low at 1.15011. A break below the session low would target the 52-week low at 1.13250. Bias: Bearish below 1.15370 (50-day MA).
GBP/USD Trading at 1.33820, GBP/USD is firmly below its 20-day MA (1.35470) and 50-day MA (1.34850), showing continued weakness. The ATR14 is 0.00440, suggesting decent volatility. The current session low is 1.33700. Initial support lies at the 60-day swing low of 1.31947. Further downside targets 1.33120 (50% retracement of 60d swing). Bias: Bearish below 1.34850 (50-day MA).
USD/JPY The pair trades at 155.682, having gained 0.27% overnight but remaining below its 20-day MA (156.986) and 50-day MA (159.262). Current levels are close to the 60-day swing low of 152.897. The 52-week high is 163.979, aligning with the 60-day swing high. A push above 156.318 (session high) could retest the 20-day MA. Bias: Neutral-to-bearish below 156.986 (20-day MA).
AUD/USD AUD/USD trades at 0.71110, struggling below its 20-day MA (0.71690). Price is currently above the 50-day MA (0.70790) but below the prior close of 0.71255. The 60-day swing low is 0.68657, offering strong support. Key resistance is at 0.71690 (20-day MA), with further resistance at the session high of 0.71150. Bias: Neutral below 0.71690 (20-day MA).
US Dollar Index (DXY) The DXY is at 100.253, holding above its 20-day MA (99.298) and 50-day MA (99.966), indicating a bullish short-to-medium term trend. The index shows slight retracement from the session high of 100.367. The 60-day swing high is 101.800, which aligns with the 52-week high. Support is at 99.966 (50-day MA). Bias: Bullish above 99.966 (50-day MA).
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ is trading at 29401.00, above its 20-day MA (29322.20) and 50-day MA (29281.62), suggesting short-term strength. The overnight session saw a test of 29478.00. The 60-day swing high is 30599.75. Support is found at 29281.62 (50-day MA) and 29247.75 (session low). Bias: Bullish above 29281.62 (50-day MA).
S&P 500 futures (ES) ES sits at 7659.25, pushing higher after yesterday's close. Price is now below its 20-day MA (7668.86) but above its 50-day MA (7638.84). The 60-day swing high is 7838.50. The session high is 7670.25, needing to clear for further upside. Initial support is at 7638.84 (50-day MA). Bias: Neutral-to-bullish above 7638.84 (50-day MA).
Dow futures (YM) YM is at 52194.00, extending gains from the previous close. Price remains below its 20-day MA (52931.45) and 50-day MA (53025.90), indicating ongoing weakness despite the overnight rally. The 60-day swing high is 54884.00, aligning with the 52-week high. Resistance is at the session high of 52265.00. Bias: Neutral-to-bearish below 52931.45 (20-day MA).
DAX The DAX is at 25537.75, showing a modest gain. It trades below its 20-day MA (25936.70) and 50-day MA (25749.26). Current price is above the session low of 25361.70. The 60-day swing low is 24547.70, providing key support. Resistance at 25599.07 (session high) and 25749.26 (50-day MA). Bias: Neutral-to-bearish below 25749.26 (50-day MA).
FTSE 100 The FTSE 100 is at 10688.47, above its previous close but below both its 20-day MA (10767.97) and 50-day MA (10739.39). The 60-day swing low is 10397.50, offering strong support. Resistance is at 10735.34 (session high) and then the 50-day MA. The ATR14 is 96.39. Bias: Neutral below 10739.39 (50-day MA).
COMMODITIES Spot gold (XAU/USD) Gold is trading at 4336.00, down 1.17% and below its 20-day MA (4496.23). Price is currently above the 50-day MA (4318.29), which could act as immediate support. The session low is 4294.50. A break below the 50-day MA would target the 60-day swing low of 3955.40. Bias: Bearish below 4318.29 (50-day MA) but watching for MA support.
Spot silver (XAG/USD) Silver is at 64.165, showing minimal movement but still below its 20-day MA (66.297) and 200-day MA (72.435). Price is above the 50-day MA (62.788). The session low of 63.280 tested near-term support. The 60-day swing high is 71.160. Bias: Neutral-to-bearish below 66.297 (20-day MA).
Copper Copper is at 6.52500, showing strength at +1.45%. It is now trading below its 20-day MA (6.55000) but above its 50-day MA (6.48370). The current price is near the session high of 6.53700. The 60-day swing high is 6.80550. Support at 6.48370 (50-day MA). Bias: Neutral-to-bullish above 6.48370 (50-day MA).
WTI crude WTI trades at 101.680, slightly down but still maintaining a bullish posture above its 20-day MA (92.207) and 50-day MA (85.830). The 60-day swing high is 106.750. The current session low is 101.070, indicating intraday volatility. The ATR14 is 4.078. Bias: Bullish above 92.207 (20-day MA).
Brent crude Brent crude is at 105.180, showing a small loss but holding above its 20-day MA (97.257) and 50-day MA (91.204). The 60-day swing high is 110.190. Current price is above the session low of 104.230. Key support at 97.257 (20-day MA). Bias: Bullish above 97.257 (20-day MA).
Natural gas Natural gas is at 2.90700, showing a minor gain and trading above its 20-day MA (2.86970) and 50-day MA (2.82990). However, it remains below the 200-day MA (3.24110). The 60-day swing low is 2.61600. Resistance at 2.91100 (session high). Bias: Neutral-to-bullish above 2.86970 (20-day MA).
RATES US 10-year Treasury yield The 10-year yield is at 5.00600, gaining 0.20% and trading near its 60-day swing high of 5.01600, which aligns with the 52-week high. It is significantly above its 20-day MA (4.79530) and 50-day MA (4.70130), indicating strong bullish momentum. A break above 5.01600 would mark a fresh multi-year high. Bias: Bullish above 4.79530 (20-day MA).
OPEN WATCH: Equity futures show positive momentum pre-open, with NQ above its key MAs. FX markets consolidate recent dollar strength, particularly EUR/USD and GBP/USD finding resistance at their MAs. Key levels to watch include 7668.86 for ES and 4318.29 for XAU/USD, as well as the 5.01600 level for the US 10-year yield as it tests multi-year highs.