FOREX EUR/USD EUR/USD holds below its MA20 (1.16280) and MA200 (1.16330) resistance, trading near session lows. The pair is consolidating within a narrow range (1.16040-1.16210), below yesterday's close of 1.16339. The 60-day swing low at 1.13254 remains a distant support, while the 60-day swing high at 1.17123 caps upside. A break below the session low at 1.16040 could target the 1.15700 area. Current price action suggests bearish pressure, with the DXY weakening but EUR/USD failing to gain. Bias: Bearish below 1.16280.
GBP/USD GBP/USD is trading at 1.35110, below its MA20 (1.35650) but above MA50 (1.34770) and MA200 (1.34500). The pair has printed a lower high relative to yesterday's close (1.35520), indicating short-term weakness. Current session range is tight (1.34960-1.35160), with the 1.35000 round number acting as psychological support. The ATR14 of 0.00450 suggests potential for expanded volatility. A move below 1.34960 targets the MA50. Bias: Neutral to slightly bearish below 1.35650.
USD/JPY USD/JPY is pushing higher at 154.030, finding resistance near its 60-day swing low of 152.897, which it broke above yesterday. This advance is despite its price being well below all three key moving averages (MA20 157.845, MA50 159.847, MA200 158.411). The pair's ATR14 is high at 1.210, indicating significant daily movement. The current upward momentum suggests a potential retest of 154.500, with resistance at 154.617 (session high). Bias: Bullish above 153.800.
AUD/USD AUD/USD is sharply lower at 0.71740, testing its MA20 (0.71640) after yesterday's close above it. The pair is trading at the top of its session range (0.71530-0.71740), but down significantly from yesterday's close (0.72209). Bearish momentum is evident, with the pair eyeing the 0.71500 psychological level. Further downside could target the MA50 at 0.70640. The 60-day swing high at 0.72390 acts as immediate resistance. Bias: Bearish below 0.72000.
US Dollar Index (DXY) The DXY is currently at 99.047, marginally lower for the session but holding near yesterday's close. It remains below its MA20 (99.200) and MA50 (100.049), suggesting underlying bearish sentiment. The MA200 at 99.144 serves as proximate resistance. The session range is tight (99.022-99.172), indicating consolidation. A break below 99.022 could open a path to the 60-day swing low of 98.560. Bias: Neutral to bearish below 99.200.
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are up slightly at 29195.75, but remain below key moving averages (MA20 29455.88, MA50 29315.50). This suggests a struggle to regain bullish momentum following recent weakness. The session high of 29200.75 is near current levels. The 60-day swing low of 27201.50 provides distant support. Further consolidation or a retest of 29000 is likely given the MA resistance overhead. Bias: Bearish below 29315.50.
S&P 500 futures (ES) ES futures are showing a modest bounce at 7622.25, but are still contained by their MA20 (7696.34) and MA50 (7633.48). The price is currently at the top of its session range (7594.25-7623.00), suggesting some short-term buying interest. Yesterday's close was 7598.50. The 60-day swing high at 7838.50 marks significant resistance. A break above the MA50 is needed to signal a potential reversal of the current downtrend. Bias: Bearish below 7633.48.
Dow futures (YM) YM futures are trading higher at 52294.00, but like other indices, are capped by their MA20 (53218.30) and MA50 (53102.48). The market is trading at the session high of 52297.00. Yesterday's close was 52095.00. The ATR14 of 487.64 points to high daily volatility. The 52000 round number acts as immediate support. The intermediate trend remains down given the MA posture. Bias: Bearish below 53102.48.
DAX The DAX is notably lower at 25361.15, trading at its session low and significantly below all moving averages (MA20 26089.16, MA50 25749.47, MA200 24717.12). This indicates strong bearish sentiment. The previous close was 25576.45. Immediate support is found at the 60-day swing low of 24547.70. The index is showing a clear downtrend, with momentum favoring sellers. Bias: Bearish below 25576.45.
FTSE 100 The FTSE 100 is down at 10608.92, trading near its session low (10594.34) and below yesterday's close of 10670.10. It is significantly below its MA20 (10781.79) and MA50 (10738.49), with the MA200 (10377.77) offering more distant support. The ATR14 of 89.32 suggests moderate volatility. The index is showing signs of continued weakness, with 10600 acting as a critical support level. Bias: Bearish below 10670.10.
COMMODITIES Spot gold (XAU/USD) Gold is attempting to rally at 4384.60, breaking above yesterday's close (4364.50) but still well below its MA20 (4469.24) and MA200 (4526.90). The MA50 at 4266.32 provided support in recent sessions. The current session high is 4387.40. The 60-day swing low of 3962.50 remains distant, while 4400 is a psychological resistance. A break above 4400 is needed to signal a short-term bullish reversal. Bias: Neutral to slightly bullish above 4360.00.
Spot silver (XAG/USD) Silver is also posting a modest gain at 64.420, trading above yesterday's close (64.284) but below its MA20 (66.570). The MA50 (62.515) acts as dynamic support, with the 60-day swing low at 55.015. The ATR14 of 1.498 highlights significant daily price swings. Immediate resistance is the session high of 64.455, with 65.000 as the next round number target. Bias: Neutral below 66.000.
Copper Copper is notably strong, up 1.41% at 6.55850, trading just below its MA20 (6.58040). The MA50 (6.46280) has now been breached to the upside, signaling potential for a renewed uptrend. The previous close was 6.46700. The session high is 6.56450. The 60-day swing high at 6.80550 is the next significant resistance. Momentum appears bullish given the strong session move. Bias: Bullish above 6.50000.
WTI crude WTI crude is significantly down at 100.930, trading at its session low (100.900) and below yesterday's close of 102.480. Despite the current dip, WTI remains well above all key moving averages (MA20 88.567, MA50 83.245, MA200 79.591), indicating a strong underlying uptrend. The 60-day swing high of 104.460 serves as strong resistance. The current correction could find support at 100.000. Bias: Neutral to slightly bearish for the session, but bullish above 98.000.
Brent crude Brent crude is sharply lower at 105.270, trading at its session low and well below yesterday's close of 107.630. Similar to WTI, Brent maintains a strong uptrend above its MA20 (94.120), MA50 (88.628), and MA200 (84.634). The 60-day swing high of 110.190 acts as a significant ceiling. The ATR14 of 3.990 suggests high volatility. Current weakness could target 104.000. Bias: Neutral to slightly bearish for the session, but bullish above 102.000.
Natural gas Natural gas is marginally lower at 2.82200, trading near its session low (2.81600) and below yesterday's close of 2.83400. The price is below its MA20 (2.83930) and MA50 (2.85580), indicating bearish pressure. The MA200 at 3.27480 is far overhead. The 60-day swing low of 2.61600 provides long-term support. The 2.80000 level is critical short-term support. Bias: Bearish below 2.84000.
RATES US 10-year Treasury yield The US 10-year Treasury yield has surged to 4.94400, up 2.21% and trading near its 60-day swing high of 4.95200. This move is above all key moving averages, indicating strong bullish momentum. The previous close was 4.83700. The yield is pushing into a new high, with the next psychological resistance at 5.000%. This sharp rise in yields could weigh on risk assets. Bias: Bullish above 4.90000.
LONDON OPEN WATCH: Equity futures show tentative bounces but struggle against key moving averages, hinting at potential further downside if resistance holds. Rising US 10-year yields could pressure equities further, while the DXY's indecision leaves FX pairs susceptible to domestic drivers.