NASDAQ stock index touched all time high . NASDAQ known as the US tech 100 the biggest US one hundred technology company's in the stock market made all time highs and s&p500 was touching it with a combination off meta ceo mark zuckerberg releasing the new MUSE ai model and trump dismissing slowdown off ai models fueled the rally for ai tech stocks . its hard not to question the health off this s&p500 rally is and think how broad the stock market rally is throughout different sectors off the economy or weather it is technology concentrated with most off the worlds speculative capital being sat in mostly that .
FOREX DXY The US Dollar Index shows strength, trading at 100.742, up 0.31% and near its session high of 100.750. Price is above its MA20 (99.531) and MA50 (99.929), indicating bullish momentum in the short to medium term. The 60-day swing high is 101.640, suggesting room for further upside toward this resistance level. Current price action has pushed above yesterday's close of 100.430, confirming near-term bullishness. Bias: Bullish above 100.544
EUR/USD EUR/USD trades at 1.14300, down 0.30%, hovering near its session low of 1.14270. Price is significantly below its MA20 (1.15720), MA50 (1.15410), and MA200 (1.16260), signaling a clear downtrend. The pair remains pressured by DXY strength and is approaching the 60-day swing low of 1.13545. Immediate support is at the session low, with resistance at the previous close of 1.14646. Bias: Bearish below 1.14550
GBP/USD GBP/USD is trading at 1.33130, down 0.43%, marking a new session low. The pair is well below its MA20 (1.34900), MA50 (1.34830), and MA200 (1.34530), reinforcing a bearish technical posture. It is nearing the 60-day swing low of 1.32732, suggesting critical support may be tested soon. Resistance is seen at the prior session close of 1.33709. Bias: Bearish below 1.33460
USD/JPY USD/JPY trades at 157.649, up 0.18%, hovering near its session high of 157.681. The pair is currently above its MA20 (156.605) but below its MA50 (158.856) and MA200 (158.423), suggesting a mixed to slightly bullish short-term bias within a broader consolidation. The 60-day swing high is 163.979, while the previous close at 157.369 now acts as immediate support. Bias: Bullish above 157.290
AUD/USD AUD/USD is at 0.71020, down 0.24%, near its session low of 0.71000. Price is below its MA20 (0.71610) but marginally above its MA50 (0.70920) and MA200 (0.70170). The pair is pressured by DXY strength, attempting to hold above the MA50. The 60-day swing low is 0.69073, indicating potential downside if current support breaks. Bias: Neutral-bearish below 0.71210
INDICES AND FUTURES Nasdaq 100 futures (NQ) NQ futures are trading at 31034.50, up 0.02%, consolidating near the session high of 31070.50, which is also the 52-week and 60-day swing high. Price is comfortably above its MA20 (29594.02), MA50 (29347.06), and MA200 (27421.96), maintaining a strong uptrend. Continued consolidation near these highs suggests potential for further breakout or a slight pullback to retest prior resistance. Bias: Bullish above 30982.75
S&P 500 futures (ES) ES futures are at 7838.00, up 0.08%, trading near the session high of 7840.75 and just below the 60-day swing high of 7848.50. Price remains firmly above its MA20 (7690.15), MA50 (7654.40), and MA200 (7223.41), indicating a robust uptrend. The market appears to be probing for new highs, with immediate support at the previous close of 7831.75. Bias: Bullish above 7827.25
Dow futures (YM) YM futures are at 52325.00, up 0.09%, trading within its session range and slightly below its MA20 (52687.30) and MA50 (52970.52). While above the MA200 (50312.03), the short-term MAs indicate some recent softening. The 60-day swing high is 54884.00, suggesting room for recovery, but initial resistance is at the MA20. Bias: Neutral-bearish below 52371.00
DAX The DAX is at 25578.85, up 1.09%, trading well within its overnight range. Price is currently below its MA20 (25855.18) and MA50 (25775.19) but above its MA200 (24780.90), indicating a broader uptrend within a short-term consolidation or slight retracement. The prior close at 25304.06 provides a near-term support level. Bias: Neutral-bearish below 25783.16
FTSE 100 The FTSE 100 is at 10708.33, up 0.46%, trading at its session low but above the previous close of 10659.10. The index is below its MA20 (10763.27) and MA50 (10754.50) but well above its MA200 (10413.25). This suggests a short-term downtrend within a broader long-term uptrend. Immediate resistance is at 10771.64. Bias: Neutral-bearish below 10771.64
COMMODITIES Spot gold (XAU/USD) Spot gold is trading at 4368.50, down 0.18%, consolidating near the session low of 4365.10. Price is currently below its MA20 (4444.89) and MA200 (4555.51) but above its MA50 (4344.04). This indicates a mixed to negative bias as it tests the MA50 support. The 60-day swing low is 3955.40, while resistance lies at the previous close of 4376.40. Bias: Neutral-bearish below 4407.50
Spot silver (XAG/USD) Spot silver is at 66.740, up 1.23%, trading near its session low but significantly above its previous close of 65.932. Price is above its MA20 (65.882) and MA50 (63.383) but remains below its MA200 (72.611). This suggests a short-term bullish reversal attempt, with the MA20 and MA50 acting as immediate support levels. Bias: Bullish above 66.665
Copper Copper is trading at 6.82200, up 0.92%, holding above its previous close of 6.75950. The metal is firmly above its MA20 (6.57990), MA50 (6.52240), and MA200 (6.07440), signaling a strong uptrend. The session high of 6.91200 is also the 60-day swing high and 52-week high, indicating strong breakout momentum. Bias: Bullish above 6.81200
WTI crude WTI crude is at 89.450, down 5.43%, showing significant weakness and trading near its session low of 88.710. Price has broken below its MA20 (94.111) and is testing its MA50 (87.418), indicating a sharp reversal from recent gains. The magnitude of the drop suggests strong bearish pressure, with the previous close of 94.590 now acting as significant resistance. Bias: Bearish below 90.380
Brent crude Brent crude is at 98.620, down 0.63%, trading near its session low of 97.930. Price is now below its MA20 (98.897) but remains above its MA50 (92.832) and MA200 (86.248). The current move represents a short-term bearish correction within a broader uptrend. Immediate support is found at the session low, with the MA20 now serving as resistance. Bias: Neutral-bearish below 99.380
Natural gas Natural gas is trading at 3.17000, up 6.91%, showing strong bullish momentum after a significant overnight rally. Price has moved above its MA20 (2.91070) and MA50 (2.83240), but is still slightly below its MA200 (3.20130). The large positive percentage change suggests a potential shift in short-term trend, with resistance near the MA200. Bias: Bullish above 3.15600
RATES US 10-year Treasury yield The US 10-year Treasury yield is at 4.96800, down 0.60%, retreating from its previous close of 4.99800. The yield remains above its MA20 (4.83640), MA50 (4.72590), and MA200 (4.40340), maintaining a strong upward trajectory in the medium to long term. The 60-day and 52-week swing high of 5.01600 represents immediate overhead resistance. Bias: Bullish above 4.90000 (estimated intraday support)
CRYPTO Bitcoin (BTC/USDT) Bitcoin trades at 86478.90, up 1.26%, moving higher after opening lower. The current price is well above the previous close of 85400.90, with immediate resistance at the session high of 87283.00. The 24-hour range of 85160.00-87283.00 indicates recent volatility, and the price is currently holding the gains. Bias: Bullish above 86000.00
Ethereum (ETH/USDT) Ethereum is trading at 2755.65, up 0.91%, maintaining a positive session. Price is above the previous close of 2730.87, showing upward momentum within its 24-hour range of 2716.59-2788.70. The immediate overhead resistance is the session high, suggesting potential for further appreciation. Bias: Bullish above 2740.00
Solana (SOL/USDT) Solana is at 118.48, up 1.46%, showing strong relative performance today. The current price is firmly above the previous close of 116.78, with the session high reaching 119.73. This indicates a bullish bias as it tests the upper end of its 24-hour range. Bias: Bullish above 117.50
DXY strength remains a key driver, pushing major FX pairs lower, watch for continued EUR/USD and GBP/USD weakness towards their 60-day lows. Equity futures are consolidating near highs, while crude oil's sharp drop could signal broader risk aversion if sustained.