Another good days trade for dollar after the federal reserve raised interest rates by a quarter basis point.
FOREX EUR/USD EUR/USD trades above its session low but remains below its 20-day, 50-day, and 200-day moving averages, indicating a sustained bearish outlook. The pair is challenging the prior session close of 1.14699, currently at 1.14820, showing a minor rebound. Resistance is noted near the top of the session range at 1.14960, with further resistance at the 50-day MA of 1.15380. Support is found at the 60-day swing low of 1.13545. The overall trend remains pressured despite the modest overnight bounce. Bias: Bearish; invalidation above 1.15380
GBP/USD GBP/USD is trading lower, having fallen through its prior session close of 1.33829. The current price of 1.33620 is below all three key moving averages (MA20, MA50, MA200), reinforcing a bearish trend. The pair found initial support at the session low of 1.33560. Immediate resistance is the prior session close, with more significant resistance at the 20-day MA of 1.35330. The 60-day swing low of 1.32148 offers substantial downside support. Bias: Bearish; invalidation above 1.34840
USD/JPY USD/JPY exhibits strong bullish momentum, gaining 0.75% overnight to 157.180. The pair has broken above its 20-day MA of 156.917, now using it as potential support. The session high of 157.327 marks immediate resistance, with the 50-day MA at 159.165 as the next target. The 60-day swing high at 163.979 remains the ultimate upside objective. Support is near the prior session close of 156.014. Bias: Bullish; invalidation below 156.917
AUD/USD AUD/USD is trading higher, up 0.53% at 0.71260, recovering from the prior session close of 0.70881. The pair is currently above its 50-day MA of 0.70820, suggesting a shift in short-term sentiment. However, the 20-day MA at 0.71680 presents immediate resistance. The 60-day swing high of 0.72390 acts as a key upside target, while the 60-day swing low of 0.68657 provides strong support on retracements. Bias: Neutral-Bullish; invalidation below 0.70820
US Dollar Index (DXY) The DXY is marginally higher at 100.299, trading within a tight session range. The index is positioned above its 20-day MA of 99.366 and 50-day MA of 99.952, indicating underlying strength. Immediate resistance is the session high of 100.315, with the 60-day swing high of 101.750 as a larger target. Support is at the prior session close of 100.220, followed by the 50-day MA. The DXY's strength is muted but generally supportive of a stronger dollar. Bias: Bullish; invalidation below 99.952
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are strongly bullish, up 1.34% at 29840.50, comfortably above all key moving averages (MA20, MA50, MA200). The current price is near the session high of 29859.25, indicating strong overnight buying interest. The MA20 at 29351.49 and MA50 at 29280.60 are acting as strong support levels. The 60-day swing high of 30599.75 remains a key upside target. Downside protection is around the prior session close of 29446.75. Bias: Bullish; invalidation below 29351.49
S&P 500 futures (ES) ES futures are showing significant strength, up 1.15% at 7727.50, trading above its 20-day and 50-day moving averages. The current price is just shy of the session high of 7730.25, suggesting continued upward pressure. The MA20 at 7671.15 and MA50 at 7641.23 provide robust support. The 60-day swing high of 7838.50 is the next resistance target. The prior session close of 7640.00 should now act as initial support. Bias: Bullish; invalidation below 7641.23
Dow futures (YM) Dow futures are also bullish, up 1.01% at 52331.00, trading above the prior session close of 51807.00. However, YM remains below its 20-day MA of 52886.20 and 50-day MA of 53009.56, indicating a potential struggle to break out of a broader consolidation. The session high of 52350.00 is immediate resistance. The 60-day swing high of 54884.00 is a significant upside challenge. Support is at the 200-day MA of 50246.56. Bias: Neutral-Bullish; invalidation below 51807.00
DAX DAX is trading up 0.70% at 25716.71, sitting just below its 50-day MA of 25761.23 and well below its 20-day MA of 25923.38. This suggests a period of consolidation with resistance immediately overhead. The session high of 25800.62 is a key intraday resistance point. Support is found at the prior session close of 25537.75, with the 200-day MA at 24763.53 offering stronger downside protection. Bias: Neutral; invalidation above 25923.38
FTSE 100 FTSE 100 is higher by 1.19% at 10816.14, having cleared its 20-day MA of 10771.60 and 50-day MA of 10745.93. This signals renewed bullish sentiment in the short term. The current price is near the session high of 10823.00, suggesting further upside potential. The 60-day swing high of 10989.50 is the next significant resistance. The 20-day MA now acts as immediate support. Bias: Bullish; invalidation below 10771.60
COMMODITIES Spot gold (XAU/USD) Spot gold is marginally up at 4410.60, but remains below its 20-day MA of 4491.38 and 200-day MA of 4553.28, suggesting a bearish intermediate-term outlook. The current price is above the 50-day MA of 4324.96, which provides support. Immediate resistance is the session high of 4418.10. Further upside is capped by the 60-day swing high of 4755.00, while the 60-day swing low of 3955.40 marks strong support. Bias: Neutral-Bearish; invalidation above 4491.38
Spot silver (XAG/USD) Spot silver is rallying strongly, up 2.30% at 66.975, trading above its 20-day MA of 66.310 and 50-day MA of 62.946. This indicates a bullish shift in short-term momentum. The session high of 67.145 is immediate resistance. The 60-day swing high of 71.160 is the next significant target. The 200-day MA at 72.484 remains a long-term challenge, but the current strength is notable. Support is at the 20-day MA. Bias: Bullish; invalidation below 66.310
Copper Copper is showing modest gains, up 0.69% at 6.63200, positioned above its 20-day MA of 6.56170 and 50-day MA of 6.49330. This suggests a constructive short-term trend. The current price is near the session high of 6.64700. The 60-day swing high of 6.80550 is the next resistance level. Support is found at the 20-day MA, with the 200-day MA at 6.05190 offering strong long-term support. Bias: Bullish; invalidation below 6.56170
WTI crude WTI crude is lower by 1.02% at 100.870, trading below its prior session close of 101.910. Despite the overnight dip, WTI remains significantly above all key moving averages (MA20, MA50, MA200), maintaining a strong bullish long-term trend. Immediate resistance is the prior session close. The 60-day swing high of 106.750 is a key upside target. Support is robust at the 20-day MA of 92.870. Bias: Bullish; invalidation below 92.870
Brent crude Brent crude is also experiencing a pullback, down 1.35% at 103.400, below its prior session close of 104.820. Similar to WTI, Brent maintains a strong bullish posture, trading well above its 20-day, 50-day, and 200-day moving averages. Immediate resistance is the prior session close. The 60-day swing high of 110.190 is the primary upside target. Strong support is at the 20-day MA of 97.721. Bias: Bullish; invalidation below 97.721
Natural gas Natural gas is trading lower by 1.28% at 2.86400, falling below its 20-day MA of 2.87600. The price is currently supported by its 50-day MA of 2.82680. The 200-day MA at 3.23070 provides significant overhead resistance. The session low of 2.85000 is initial support. The 60-day swing low of 2.61600 would be the next major support zone on further declines. Bias: Neutral-Bearish; invalidation above 2.87600
RATES US 10-year Treasury yield The US 10-year Treasury yield is lower by 1.18% at 4.94700, pulling back from the prior session close of 5.00600. The yield remains above its 20-day, 50-day, and 200-day moving averages, indicating a strong underlying uptrend. The 60-day swing high and 52-week high of 5.01600 is immediate resistance. Support is at the 20-day MA of 4.81000. Any sustained break above 5.01600 would signal further upside. Bias: Bullish; invalidation below 4.81000
Equity futures are exhibiting strong bullish sentiment, particularly NQ and ES, suggesting a risk-on open. USD is broadly flat to slightly higher, with DXY consolidation implying FX pairs will respond to specific cross-currents rather than broad dollar strength. Watch for European indices to confirm equity strength and for gold and crude to find direction following their overnight mixed moves.