Forexcom — Finance Briefing
INFO
MARKET MEDIA2026-06-30
OPEN SOURCECHANNELFOREX.com
DXY, EUR/USD, USD/CAD, USD/JPY, Oil, Bitcoin Weekly Technical Outlook w/ Michael Boutros: 6/29/2026
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DXY, EUR/USD, USD/CAD, USD/JPY, Oil, Bitcoin Weekly Technical Outlook w/ Michael Boutros: 6/29/2026
Michael Boutros observes that the US dollar has reached fresh yearly highs, raising questions about its momentum to sustain this upward trend.
FULL
00:00–05:00
- Michael Boutros observes that the US dollar has reached fresh yearly highs, raising questions about its momentum to sustain this upward trend.
- The DXY index is currently trading just above the 382 retracement level, with key resistance identified at 100.15.
- A break above last week's high could see targets approach the 2016 high-week close around 103, coinciding with the 50% retracement of last year's decline.
- If the DXY falls below 101.13, it may signal a test of the pivot zone near the 2024 swing low at 100.15 to 100.41.
- Momentum indicators are not yet in overbought territory, indicating that while the market remains constructive, a runaway momentum breakout has not yet materialized.
- Our interpretation: The recent strength in the US dollar, driven by technical resistance levels and upcoming economic data releases like non-farm payrolls, suggests potential for further dollar appreciation, which could influence FX markets, particularly in pairs such as EUR/USD and USD/JPY.
INSTRUMENTS
AUDUSD
The block discusses the US dollar's strength and its potential trajectory.
EURUSD
The block discusses the potential impact on EUR/USD due to USD strength. Also: The block discusses the US dollar's strength and its potential trajectory. Also: The block mentions EUR/USD as a relevant FX pair.
GBPUSD
The block discusses the US dollar's strength and its potential trajectory.
NZDUSD
The block discusses the US dollar's strength and its potential trajectory.
USDCAD
The block discusses the potential impact on USD/CAD due to USD strength. Also: The block discusses the US dollar's strength and its potential trajectory.
USDCHF
The block discusses the US dollar's strength and its potential trajectory.
USDDKK
The block discusses the US dollar's strength and its potential trajectory.
USDJPY
The block discusses the potential impact on USD/JPY due to USD strength. Also: The block discusses the US dollar's strength and its potential trajectory. Also: The block mentions USD/JPY as a relevant FX pair.
USDNOK
The block discusses the US dollar's strength and its potential trajectory.
USDPLN
The block discusses the US dollar's strength and its potential trajectory.
USDSEK
The block discusses the US dollar's strength and its potential trajectory.
AUDJPY
The block mentions USD/JPY as a relevant FX pair.
FULL
05:00–10:00
- Initial support for the DXY is identified at 101.13, with a daily close below this level potentially signaling a deeper pullback within the ongoing uptrend.
- Resistance levels for the DXY are established at 101.177 and 101.92, necessitating a breach above these points to confirm the resumption of the uptrend.
- The daily chart indicates that momentum has reverted from overbought conditions, suggesting an exhaustion signal that could impact future price movements.
- The bullish invalidation level for the DXY is positioned at 100.15, which bears must breach to validate a significant trend reversal.
- The upcoming ADP report is projected to show 113,000 jobs created, while the non-farm payroll report is expected to reflect 110,000 jobs, with the unemployment rate anticipated to remain at 4.3%.
- If the euro is trending higher, losses should ideally be contained at 100.65, while the bullish invalidation remains at 100.15.
FULL
10:00–15:00
- The Federal Reserve has increased its inflation forecast for 2026, raising the core PCE outlook from 2.7% to 3.3%, indicating a more persistent inflation issue.
- Current interest rate expectations show a 60% likelihood of a rate hike in September, contributing to upward pressure on the US dollar.
- While the European Central Bank is also anticipated to raise rates, concerns regarding economic growth limit its capacity to address inflation compared to the US, which benefits from robust stock market performance and strong employment figures.
- A strong jobs report may not directly lead to additional rate hikes but would provide the Fed with greater flexibility to adjust rates if necessary.
- The labor market remains stable; however, a weaker jobs report could restrict the Fed's ability to raise rates, despite its commitment to controlling inflation.
- Our interpretation: The Fed's tightening stance, driven by rising inflation expectations and stable employment, is likely to strengthen the dollar, while the ECB's cautious approach due to growth concerns may widen the interest rate differential in favor of the USD.
INSTRUMENTS
USDCAD
The block discusses the Fed's tightening stance, which directly impacts USD.
EURUSD
The block discusses the ECB's rate expectations in relation to the Fed's actions.
AUDUSD
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
GBPUSD
The Fed's actions can influence USD against the British pound. Also: The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
NZDUSD
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDCHF
The Fed's tightening stance can influence USD against other currencies. Also: The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDDKK
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDJPY
The Fed's rate hike expectations can impact USD against the yen. Also: The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDNOK
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDPLN
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
USDSEK
The block discusses the Federal Reserve's inflation forecast and interest rate expectations.
EURCHF
The block mentions the European Central Bank's anticipated rate hikes amidst growth concerns.
FULL
15:00–20:00
- The focus is on the potential for a rate hike occurring sooner than expected if inflation worsens, rather than on the likelihood of more hikes.
- Recent ECB discussions have leaned towards neutrality, particularly due to declining oil prices, which may temper expectations for rate hikes.
- Inflation in the US has remained above 2% for five consecutive years, indicating a more entrenched inflation issue compared to recent oil price fluctuations.
- A strong jobs report may not significantly influence the Fed's decisions if average hourly earnings fall short of expectations, highlighting the importance of both metrics.
- Weaker job numbers could complicate the Fed's ability to respond to inflationary pressures, placing them in a challenging position.
- The Warsh-led Fed may adopt a different communication strategy, potentially leading to less guidance and altering how market participants react to Fed actions.
- Our interpretation: The Fed's tightening stance, driven by persistent inflation and stable employment, is likely to strengthen the dollar, while the ECB's cautious approach may widen the interest rate differential in favor of the USD.
INSTRUMENTS
EURUSD
The block discusses the ECB's cautious approach, which can affect EUR against USD.
USDCAD
The block discusses the Fed's tightening stance, which can affect USD against CAD.
AUDUSD
The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
EURCHF
The block mentions ECB discussions and their cautious approach, which directly relates to the EUR.
EURGBP
The block mentions ECB discussions and their cautious approach, which directly relates to the EUR.
EURJPY
The block mentions ECB discussions and their cautious approach, which directly relates to the EUR.
EURPLN
The block mentions ECB discussions and their cautious approach, which directly relates to the EUR.
GBPUSD
The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
NZDUSD
The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
USDCHF
The Fed's tightening stance can influence USD against CHF. Also: The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
USDDKK
The Fed's tightening stance can influence USD against DKK. Also: The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
USDJPY
The Fed's tightening stance can influence USD against JPY. Also: The block discusses the Fed's tightening stance and inflation, which directly relates to the USD.
FULL
20:00–25:00
- Initial resistance for the Euro is at 1416 and 1404, with a focus on the near-term range breakout as the week opens.
- Support at 1355 is critical; if it breaks, the next targets for resumption are 1275 and 1214, which converge on the lower parallel into the first full week of July.
- The broader focus remains lower, with a significant break needed below 115 to indicate a larger reversal.
- The British pound is at a pivotal point, with a weekly close below 31.94 indicating a break of the yearly opening range and a potential third or fourth quarter low.
- Resistance for the pound is now at 32.65, with bearish invalidation at 33.26, while key support is identified at 31.53 and 31.40.
- The response to support is crucial for the pound, as it threatens a break of a multi-month uptrend, which could limit future rallies.
- Our interpretation: The current technical levels suggest that a break below key support for both the Euro and the British pound could lead to significant downward pressure, impacting overall market sentiment towards these currencies.
INSTRUMENTS
EURUSD
EUR/USD is directly analyzed in terms of resistance and support levels.
GBPUSD
GBP/USD is discussed regarding critical support and resistance levels.
EURCHF
The Euro is discussed in terms of critical support and resistance levels.
EURGBP
The Euro is discussed in terms of critical support and resistance levels. Also: The British pound is analyzed for pivotal support and resistance levels.
EURJPY
The Euro is discussed in terms of critical support and resistance levels.
EURPLN
The Euro is discussed in terms of critical support and resistance levels.
GBPJPY
The British pound is analyzed for pivotal support and resistance levels.
AUDUSD
The US dollar is indirectly referenced through its relationship with the Euro and British pound.
NZDUSD
The US dollar is indirectly referenced through its relationship with the Euro and British pound.
USDCAD
The US dollar's strength is indirectly referenced through its relationship with other currencies. Also: The US dollar is indirectly referenced through its relationship with the Euro and British pound.
USDCHF
The US dollar's strength is indirectly referenced through its relationship with other currencies. Also: The US dollar is indirectly referenced through its relationship with the Euro and British pound.
USDDKK
The US dollar is indirectly referenced through its relationship with the Euro and British pound.
FULL
25:00–30:00
- A break below 31.40 is essential to signal a resumption of the downward trend in the market.
- The speaker cautions that the close of the month and quarter can be challenging for retail traders, recommending a reduction in position size to manage risk.
- The Australian dollar has breached both downtrend and uptrend support, stopping at lateral support, indicating a potential shift in market dynamics.
- The recent rally in the Australian dollar failed to reach the bearish invalidation level of 71.16, suggesting ongoing downward pressure.
- Key levels to monitor for potential downside breaks in the Australian dollar include the 200-day moving average at 68.60 and the objective March low.
- Our interpretation: The current market environment, marked by end-of-month and end-of-quarter flows, suggests increased volatility and potential adjustments in dollar positioning, which could lead to significant price movements in currency markets, particularly affecting the Australian dollar.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's market dynamics, directly impacting the AUD/USD pair.
AUDJPY
The Australian dollar is discussed in terms of its market dynamics and potential shifts.
EURUSD
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
GBPUSD
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
NZDUSD
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDCAD
The commentary on USD positioning may indirectly influence other USD pairs. Also: The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDCHF
The commentary on USD positioning may indirectly influence other USD pairs. Also: The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDDKK
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDJPY
The commentary on USD positioning may indirectly influence other USD pairs. Also: The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDNOK
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDPLN
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
USDSEK
The commentary on end-of-month and quarter flows suggests implications for USD positioning.
FULL
30:00–35:00
- The Australian dollar faces initial resistance at 6942, with bearish invalidation set at 70, indicating potential downward pressure if breached.
- Initial support for the Australian dollar is at 6880, with downside targets positioned at 6860, aligning with the 200-day moving average, suggesting vulnerability in the near term.
- The Canadian dollar has successfully broken out of the yearly opening range, with key levels identified at 3982 and 3977, which correspond to significant swing highs from 2022 and 2026.
- A critical weekly level for the Canadian dollar is 4292, marking the high week close from 2025, which could influence future price action.
- The Canadian dollar has remained in an overbought condition since early June, reflecting a bullish trend, but caution is advised against initiating new long positions at current levels due to potential exhaustion.
- Downside targets for the Australian dollar are particularly vulnerable, with stacked targets extending to 6821, necessitating careful monitoring of price action.
FULL
35:00–40:00
- The dollar CAD setup has been one of the cleanest setups among US dollar crosses in recent weeks.
- The dollar yen is currently trading below key resistance at 6195, which has held the advance throughout the year.
- The potential for Bank of Japan intervention poses a risk to the dollar yen trade, as a break above resistance could lead to significant downward movement.
- Dollar Swiss is at a critical pivot zone resistance at 81, which has historically been problematic and corresponds to a 618 extension from the previous decline.
- Momentum for dollar Swiss is at 60, indicating a potential response to the resistance level following a four-week advance.
- Our interpretation: The dollar yen's proximity to resistance and the looming threat of intervention suggest a precarious position for traders, necessitating careful monitoring of price action to gauge potential volatility.
INSTRUMENTS
USDJPY
The block directly analyzes the dollar-yen trade and its resistance levels.
USDCHF
The dollar Swiss is at a critical resistance level, indicating potential price movements.
AUDUSD
The block discusses the US dollar's performance and potential interventions affecting its value.
EURUSD
The block discusses the US dollar's performance and potential interventions affecting its value.
GBPUSD
The block discusses the US dollar's performance and potential interventions affecting its value.
NZDUSD
The block discusses the US dollar's performance and potential interventions affecting its value.
USDCAD
The block mentions the dollar CAD setup as one of the cleanest setups among US dollar crosses. Also: The block discusses the US dollar's performance and potential interventions affecting its value.
USDDKK
The block discusses the US dollar's performance and potential interventions affecting its value.
USDNOK
The dollar's performance against various currencies suggests broader market implications. Also: The block discusses the US dollar's performance and potential interventions affecting its value.
USDPLN
The block discusses the US dollar's performance and potential interventions affecting its value.
USDSEK
The dollar's performance against various currencies suggests broader market implications. Also: The block discusses the US dollar's performance and potential interventions affecting its value.
AUDJPY
The potential for Bank of Japan intervention is highlighted, impacting the yen's value.
FULL
40:00–45:00
- In strong downtrends, momentum typically holds at 60, while in strong uptrends, it tends to hold at 40.
- The daily chart for the Swiss Franc indicates a significant pivot zone at resistance between 81.25 and 81, which includes the November high day close and the August high close from last year.
- A close above 81.25 is essential to signal a resumption towards the major resistance level at 82, whereas failing to do so raises the risk of a pullback.
- The previous week's opening range for the Swiss Franc remains intact just below resistance, with initial support at 80.68 followed by 80.41.
- Gold is characterized as a challenging trade, with critical levels at 4074 and 4112 that are vital for determining the trend's direction.
FULL
45:00–50:00
- Gold remains in a downtrend, currently trading below last week's open of 4155, indicating a low conviction setup.
- Key downside levels for gold are identified at 3886 and 3700, with a pivot above 4098 necessary to suggest bullish momentum.
- Higher interest rates are a headwind for gold, increasing the opportunity cost of holding this non-yielding asset.
- For oil, the technical picture has shifted, with resistance at 7190 and bearish invalidation at 80.75, indicating potential for further declines.
- Bitcoin has reached a significant target of 57,0885, aligning with key retracement levels and trend lines, suggesting a critical reaction point.
- Our interpretation: The current market dynamics indicate that gold's downtrend may persist due to rising interest rates, while oil's resistance levels suggest a cautious outlook for further declines.
INSTRUMENTS
GOLD
Gold is explicitly discussed as being in a downtrend due to rising interest rates.
BTCUSD
Bitcoin's significant target and retracement levels are discussed, indicating market relevance.
WTI
Oil's technical picture is mentioned, indicating potential for further declines.
AUDUSD
The discussion on rising interest rates indicates a monetary policy impact on the USD.
EURUSD
The discussion on rising interest rates indicates a monetary policy impact on the USD.
GBPUSD
The discussion on rising interest rates indicates a monetary policy impact on the USD.
NZDUSD
The discussion on rising interest rates indicates a monetary policy impact on the USD.
USDCAD
The discussion on rising interest rates indicates a monetary policy impact on the USD.
USDCHF
The discussion on rising interest rates indicates a monetary policy impact on the USD.
USDDKK
The discussion on rising interest rates indicates a monetary policy impact on the USD.
USDJPY
The discussion on rising interest rates indicates a monetary policy impact on the USD.
USDNOK
The discussion on rising interest rates indicates a monetary policy impact on the USD.
FULL
50:00–55:00
- Bitcoin is at a critical support level near 57,885, with initial resistance identified at 70,283.
- A break below 52,204 for Bitcoin would signal significant technical damage and could fulfill an Elliott correction.
- The market is anticipating an exhaustion low in Bitcoin, supported by technical structure and divergence on weekly charts.
- The S&P 500 is currently straddling the 74,48 level, suggesting potential near-term consolidation, with initial support at 70,731.
- The NASDAQ remains constructive above 28,219, despite a messy trading pattern recently, with a key measured target at 32,481.
- The Dow shows promise with limited downside, having broken the yearly opening range and is testing a lateral level at 52,000.
- Our interpretation: The current market dynamics indicate that Bitcoin's critical support and resistance levels, along with the performance of major indices, suggest a cautious outlook for traders as they navigate potential volatility.
INSTRUMENTS
BTCUSD
Bitcoin is directly discussed with specific support and resistance levels.
FULL
55:00–60:00
outro_or_disclaimer
INFO
MARKET MEDIA2026-06-29
OPEN SOURCECHANNELFOREX.com
Exhaustion Risk Across USD Majors into June Close | Opening Bell with Michael Boutros | 6/29/2026
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Exhaustion Risk Across USD Majors into June Close | Opening Bell with Michael Boutros | 6/29/2026
The US dollar is retreating from a resistance zone identified last week, with a focus on pivotal levels for all USD crosses.
FULL
00:00–05:00
- The US dollar is retreating from a resistance zone identified last week, with a focus on pivotal levels for all USD crosses.
- Equities are showing slight positive movement, reflecting a modestly optimistic market sentiment despite recent geopolitical tensions.
- Initial support for the US dollar is currently at 101.14, which is critical for the upcoming US trade session.
- Resistance levels for the US dollar are noted between 101.177 and 101.192, with a potential setback if the median line is breached.
- The Euro's setup is less defined than the DXY, currently testing a major lateral level and the median line of a multi-year uptrend.
- The upcoming ADP figures and non-farm payrolls are significant event risks that could influence market dynamics.
- Our interpretation: The US dollar's performance hinges on maintaining support at 101.14, as a breach could trigger a broader market correction, while upcoming labor data may further shape investor sentiment.
INSTRUMENTS
USDCAD
The block discusses the US dollar's critical support levels, directly impacting USD/CAD.
EURUSD
The Euro's resistance levels are relevant to the EUR/USD pair.
AUDUSD
The US dollar's performance impacts all USD crosses, including AUD/USD. Also: The block discusses the US dollar's performance and critical support levels.
GBPUSD
The US dollar's performance influences all USD crosses, including GBP/USD. Also: The block discusses the US dollar's performance and critical support levels.
NZDUSD
The block discusses the US dollar's performance and critical support levels.
USDCHF
The US dollar's performance influences all USD crosses, including USD/CHF. Also: The block discusses the US dollar's performance and critical support levels.
USDDKK
The US dollar's performance impacts all USD crosses, including USD/DKK. Also: The block discusses the US dollar's performance and critical support levels.
USDJPY
The US dollar's performance impacts all USD crosses, including USD/JPY. Also: The block discusses the US dollar's performance and critical support levels.
USDNOK
The US dollar's performance impacts all USD crosses, including USD/NOK. Also: The block discusses the US dollar's performance and critical support levels.
USDPLN
The US dollar's performance influences all USD crosses, including USD/PLN. Also: The block discusses the US dollar's performance and critical support levels.
USDSEK
The US dollar's performance influences all USD crosses, including USD/SEK. Also: The block discusses the US dollar's performance and critical support levels.
AUDJPY
The US dollar's performance impacts all USD crosses, including AUD/JPY.
FULL
05:00–10:00
- A close below 1355 would signal a significant break in the market, indicating a potential resumption of downward momentum.
- The Euro is currently testing initial resistance levels between 1404 and 1416, with bearish invalidation set at 1492, suggesting a critical juncture for price action.
- For the British Pound, key support levels are identified at 1431 and 3140, with a necessary break above 3260 to indicate a more significant low and potential reversal.
- Despite the yearly opening range for the Euro having broken, it remains at support, which necessitates a cautious approach to bullish sentiment as the market navigates this critical level.
- While the levels for the Euro are not as clearly defined as those for the DXY, they still play a significant role in determining market direction and potential price movements.
FULL
10:00–15:00
- A drop below 31.40 could trigger an additional decline of around 100 pips before reaching significant technical support, particularly the July high and September low day close.
- The Australian dollar's key level is identified at 68.80, which corresponds to a basic 618 extension from the recent decline and aligns with the March low close.
- Initial resistance for the Australian dollar is positioned at 69.42, with bearish invalidation set at 70, indicating critical levels to monitor for potential market movements.
- Support for the Australian dollar is notably stacked, with the 200-day moving average at 68.60 and the March low at 68.33, complicating any potential downside breaks.
- The dollar/cad trade remains a focal point, with initial support holding at 41.66 to 41.78, while the upside appears vulnerable due to shifts in momentum.
- The upcoming ECB conference may yield commentary that impacts the euro, alongside significant data releases like NFPs and ADPs, which are anticipated to influence dollar crosses.
- Our interpretation: The Australian dollar faces considerable downside risks due to stacked support levels, while the dollar/cad trade shows resilience but may be susceptible to momentum shifts. Upcoming economic data and central bank commentary could further affect FX rates, particularly regarding the dollar's liquidity and rate differentials.
INSTRUMENTS
USDCAD
The block discusses the dollar/cad trade and its support levels.
AUDUSD
The block highlights critical levels for the Australian dollar against the US dollar.
EURUSD
The block references the euro's resistance levels and upcoming ECB commentary. Also: The block discusses the US dollar's performance and its relationship with economic data. Also: The block references the euro's resistance levels and upcoming ECB commentary.
GBPUSD
The block discusses the US dollar's performance and its relationship with economic data.
NZDUSD
The block discusses the US dollar's performance and its relationship with economic data.
USDCHF
The block discusses the US dollar's performance and its relationship with economic data.
USDDKK
The block discusses the US dollar's performance and its relationship with economic data.
USDJPY
The block discusses the US dollar's performance, which can impact its value against the yen. Also: The block discusses the US dollar's performance and its relationship with economic data.
USDNOK
The block discusses the US dollar's performance and its relationship with economic data.
USDPLN
The block discusses the US dollar's performance and its relationship with economic data.
USDSEK
The block discusses the US dollar's performance and its relationship with economic data.
AUDJPY
The block highlights critical levels for the Australian dollar and its downside risks.
FULL
15:00–20:00
- The dollar shows constructive technicals above 60.36, with resistance at 61.95, and a break above could target 63.33.
- Gold is testing initial resistance between 474 and 498, which includes the 628 extension of the March lows and the October weekly reversal close from last year.
- Oil is trading below key support at 73.84, the 200-day moving average, with initial resistance at 71.90 and bearish invalidation at 80.54.
- Bitcoin is at a critical support level between 57,885 and 58,725, aligning with the yearly forecast target and various trend supports.
- Divergence is noted in both the weekly and daily charts for Bitcoin, suggesting potential shifts in market dynamics.
- Our interpretation: The current technical setups across these assets indicate potential volatility, with key levels in gold and oil serving as critical points for market direction, while Bitcoin's support may signal a pivotal moment for traders.
INSTRUMENTS
USDCHF
The block discusses the US dollar's technical levels, which directly impacts USD/CHF.
WTI
The block discusses oil trading below key support levels, indicating potential price movements.
AUDUSD
The block discusses the US dollar's technical levels and potential market corrections.
EURUSD
The block discusses the US dollar's technical levels and potential market corrections.
GBPUSD
The block discusses the US dollar's technical levels and potential market corrections.
NZDUSD
The block discusses the US dollar's technical levels and potential market corrections.
USDCAD
The block discusses the US dollar's technical levels and potential market corrections. Also: The block mentions oil trading below key support, which can impact CAD due to its commodity link.
USDDKK
The block discusses the US dollar's technical levels and potential market corrections.
USDJPY
The block discusses the US dollar's technical levels and potential market corrections.
USDNOK
The block discusses the US dollar's technical levels and potential market corrections.
USDPLN
The block discusses the US dollar's technical levels and potential market corrections.
USDSEK
The block discusses the US dollar's technical levels and potential market corrections.
FULL
20:00–25:00
- The upcoming months are positioned for a potential low in Bitcoin, consistent with the four-year crypto cycle.
- Historically, major pullbacks in Bitcoin have occurred within a 52 to 54-week timeframe, with the current pullback expected to settle around September to October.
- The speaker highlights the significance of major support zones for Bitcoin and advises monitoring for reactions in the near term.
- As the month and quarter conclude, traders are encouraged to remain agile and consider reducing position sizes on new trades.
INFO
MARKET MEDIA2026-06-29
OPEN SOURCECHANNELFOREX.com
US-Iran War Back on Hold Ahead of a BUSY Week for Eco Data | Daily Market Update, June 29 2026
BLOCKS
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US-Iran War Back on Hold Ahead of a BUSY Week for Eco Data | Daily Market Update, June 29 2026
Despite recent flare-ups in hostilities between the US and Iran, a new ceasefire is in place as markets reopen.
FULL
00:00–05:00
- Despite recent flare-ups in hostilities between the US and Iran, a new ceasefire is in place as markets reopen.
- NASDAQ and oil prices are both rising by 1%, while gold is trending lower, indicating mixed market reactions.
- The upcoming week features significant economic data releases, including the non-farm payrolls report and CPI data from Europe.
- The ECB's annual conference will see major central bankers discussing monetary policy and potential interest rate hikes.
- Gold is currently at a seven or eight-month low under 4100, with conflicting technical signals suggesting a bearish bias.
- Our interpretation: The recent ceasefire between the US and Iran may reduce immediate geopolitical risk, potentially stabilizing oil prices and shifting focus towards upcoming economic data releases, which could influence market sentiment regarding US dollar liquidity and interest rate expectations.
INSTRUMENTS
GOLD
Gold is explicitly discussed as trending lower amid geopolitical developments.
AUDUSD
The block discusses US economic data and its implications for market sentiment.
EURUSD
The block discusses the ECB's conference, which can impact EUR/USD dynamics. Also: The block discusses US economic data and its implications for market sentiment. Also: The ECB's annual conference is mentioned, indicating potential impacts on euro-area monetary policy.
GBPUSD
The block discusses US economic data and its implications for market sentiment.
NZDUSD
The block discusses US economic data and its implications for market sentiment.
USDCAD
The US dollar's stability is discussed, which can impact USD/CAD dynamics. Also: The block discusses US economic data and its implications for market sentiment.
USDCHF
The block discusses US economic data and its implications for market sentiment.
USDDKK
The block discusses US economic data and its implications for market sentiment.
USDJPY
The block discusses US economic data and its implications for market sentiment.
USDNOK
The block discusses US economic data and its implications for market sentiment.
USDPLN
The block discusses US economic data and its implications for market sentiment.
USDSEK
The block discusses US economic data and its implications for market sentiment.
INFO
MARKET MEDIA2026-06-26
OPEN SOURCECHANNELFOREX.com
USD Majors Signal Exhaustion at Key Inflection Zones | Opening Bell with Michael Boutros | 6/26/2026
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USD Majors Signal Exhaustion at Key Inflection Zones | Opening Bell with Michael Boutros | 6/26/2026
Michael Boutros highlights that the dollar exhaustion trade is gaining momentum, suggesting a potential shift in market dynamics.
FULL
00:00–05:00
- Michael Boutros highlights that the dollar exhaustion trade is gaining momentum, suggesting a potential shift in market dynamics.
- The DXY is encountering confluent uptrend resistance between 101.77 and 101.91, levels previously identified as significant earlier in the week.
- Initial support for the DXY is established at 100.65 to 100.77, which must hold for the dollar to maintain its upward trajectory.
- A breach of the median line could indicate a larger setback within the ongoing multi-week uptrend, with bullish invalidation positioned at 100.15.
- A close above 101.92 is critical to signal the resumption of the dollar's advance towards the next target of 102.70.
- The analysis also notes the Euro's resistance zone at 1917-2019, where it previously peaked, marking important levels for future movements.
- Our interpretation: The current dynamics suggest that if the DXY fails to hold above the identified support levels, it could trigger a broader correction in the dollar's uptrend, impacting USD liquidity and rate differentials.
INSTRUMENTS
USDCAD
The DXY's support levels directly influence USD pairs, including USDCAD.
EURUSD
The analysis of the Euro's resistance levels indicates its relevance to the EURUSD pair.
AUDUSD
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
GBPUSD
The DXY's dynamics can influence GBPUSD indirectly through USD movements. Also: The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
NZDUSD
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDCHF
The DXY's dynamics influence USD pairs, including USDCHF. Also: The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDDKK
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDJPY
The DXY's performance impacts USD pairs, including USDJPY. Also: The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDNOK
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDPLN
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
USDSEK
The block discusses the DXY and its support levels, indicating a direct connection to USD dynamics.
EURCHF
The block mentions the Euro's resistance zone, indicating its relevance to the analysis.
FULL
05:00–10:00
- The first support level for the Euro is identified at 1355, which corresponds to a 382 retracement from last year's low and aligns with the median line of the operative formation tracked since 2023.
- A weekly close below 1355 could indicate a significant correction within the multi-year uptrend, potentially leading the Euro to target levels around 110.30 to 111.10.
- If the Euro's momentum falls below 50 and price breaches 1355 on a monthly basis, it would signal a substantial downward movement towards 111.
- Immediate resistance for the Euro is noted between 1480 and 1492, with bearish invalidation set at 1578, suggesting that any upward rallies must be contained within these levels for a downward trajectory to remain plausible.
- For Sterling, the critical range to monitor is between 131.41 and 131.53, with a break below 131.40 likely to trigger an accelerated decline.
FULL
10:00–15:00
- The British pound is at a critical level of 131.40, with a potential for an accelerated decline if it breaks below this threshold.
- The Australian dollar's support zone at 6880 is crucial, with the 200-day moving average at 6858 and the March low at 6833 providing additional support.
- The dollar-CAD rally has lost momentum, indicating that the market is testing uptrend resistance, with a breach below 4166 likely to lead to further downside.
- Current conditions for the Australian dollar appear vulnerable, particularly as the DXY is coming off resistance, which is not driving significant upside.
- Momentum for the Australian dollar is not deeply oversold, suggesting limited strength for a rebound despite potential signals.
- Our interpretation: The British pound and Australian dollar are at critical support levels, with downside risks if these levels are breached. The interaction between the DXY's resistance and the weak momentum in these currencies suggests a cautious outlook, limiting the potential for significant moves unless broader market conditions change.
INSTRUMENTS
USDCAD
The dollar-CAD rally is mentioned, indicating a direct analysis of this FX pair.
AUDJPY
The Australian dollar's support zone is highlighted, indicating its vulnerability in the current market.
AUDUSD
The Australian dollar's support levels are analyzed, indicating relevance to the AUD/USD pair. Also: The Australian dollar's support zone is highlighted, indicating its vulnerability in the current market. Also: The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
EURGBP
The British pound is discussed at a critical support level, indicating its relevance to market dynamics.
EURUSD
The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
GBPJPY
The British pound is discussed at a critical support level, indicating its relevance to market dynamics.
GBPUSD
The British pound's critical level is discussed, directly linking it to the GBP/USD pair. Also: The British pound is discussed at a critical support level, indicating its relevance to market dynamics. Also: The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
NZDUSD
The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
USDCHF
While not directly discussed, USD dynamics can influence CHF through broader market movements. Also: The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
USDDKK
The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
USDJPY
The USD's performance can indirectly impact JPY through market correlations. Also: The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
USDNOK
The block discusses the DXY and its resistance levels, indicating a direct link to USD dynamics.
FULL
15:00–20:00
- The upcoming non-farm payroll figures are set to be released on Thursday, ahead of the extended holiday breaks.
- Dollar CAD is currently testing uptrend resistance, with initial support at 4110 and a critical level at 4035 that must hold for further upward movement.
- Despite the dollar's exhaustive move, dollar yen remains unchanged, indicating a tightening range and the preservation of Monday's range.
- CPI data from Tokyo reported inflation at 1.7%, which continues to fuel expectations for a rate move from the Bank of Japan, yet this has not supported the yen.
- A break above the key resistance at 6195 for dollar yen could open up further upside potential towards 6333.
- In the case of dollar Swiss, resistance levels at 8125 into 8120 held firm, and a breach below the weekly range lows could trigger a larger corrective move.
- Our interpretation: The current market dynamics suggest that if dollar yen breaks higher, it could trigger a cascade of buying from previously net short positions, amplifying upward momentum.
INSTRUMENTS
USDCAD
The block directly analyzes the USD/CAD pair and its resistance levels.
USDCHF
The block mentions resistance levels for USD/CHF and potential corrective moves.
USDJPY
The block discusses the USD/JPY pair and its resistance levels.
AUDJPY
The block mentions CPI data from Tokyo and its implications for the yen.
AUDUSD
The block discusses the US dollar's performance and its relationship with other currencies.
EURJPY
The block mentions CPI data from Tokyo and its implications for the yen.
EURUSD
The block discusses the US dollar's performance and its relationship with other currencies.
GBPJPY
The block mentions CPI data from Tokyo and its implications for the yen.
GBPUSD
The block discusses the US dollar's performance and its relationship with other currencies.
NZDUSD
The block discusses the US dollar's performance and its relationship with other currencies.
USDDKK
The block discusses the US dollar's performance and its relationship with other currencies.
USDNOK
The block discusses the US dollar's performance and its relationship with other currencies.
FULL
20:00–25:00
- Gold is nearing a pivotal resistance zone at 40.98 and 40.74, which has been a focal point since March.
- Divergence is observed on the daily chart for gold, though it is not yet a decisive signal.
- A break above 40.98 could suggest an exhaustive low for gold, but the prevailing downtrend remains unless this level is surpassed.
- If gold fails to maintain above 40.74, the immediate downside target is 38.86, aligning with the October swing low.
- Bitcoin is currently at a critical support range between 57,085 and 58,725, which has been under observation since the year's start.
- Should Bitcoin drop below 57,885, there is a significant gap to the next support level at 52,204, indicating potential vulnerability.
- Our interpretation: The current market dynamics suggest that if gold breaks above 40.98, it may trigger buying interest, while Bitcoin's support levels are crucial for maintaining its upward trajectory.
INSTRUMENTS
GOLD
Gold is discussed as nearing a pivotal resistance zone.
BTCUSD
Bitcoin's critical support levels are highlighted in the analysis.
FULL
25:00–30:00
- A swing high at 67,000 to 2,253 could indicate a more significant low is in place if broken, particularly towards the end of July.
- The speaker emphasizes the importance of watching for reactions in Bitcoin over the next few days, as this is seen as a critical test.
- The speaker advises staying nimble as the week closes, especially with a short holiday week ahead, and highlights the need for well-defined risk management.
- The euro has potential for more upside, but 1492 and 1482 are identified as key resistance levels to watch.
- Our interpretation: A break above the swing high in Bitcoin could signal a shift in market sentiment, while the euro's resistance levels may limit its upward movement unless surpassed.
INSTRUMENTS
BTCUSD
Bitcoin is directly discussed as a critical test for market sentiment.
AUDUSD
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
EURUSD
The euro's resistance levels are discussed, indicating potential implications for EURUSD. Also: The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity. Also: The mention of the euro's resistance levels indicates potential implications for EUR.
GBPUSD
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
NZDUSD
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDCAD
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDCHF
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDDKK
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDJPY
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDNOK
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDPLN
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
USDSEK
The discussion around Bitcoin and its price levels indicates a potential impact on USD liquidity.
INFO
MARKET MEDIA2026-06-26
OPEN SOURCECHANNELFOREX.com
Oil Prices Have ERASED The War Surge - What Next? | Daily Market Update, June 26 2026
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Oil Prices Have ERASED The War Surge - What Next? | Daily Market Update, June 26 2026
Oil prices have declined by 9% this week, effectively reversing the gains made during the recent conflict surge, according to Matt Weller.
FULL
00:00–05:00
- Oil prices have declined by 9% this week, effectively reversing the gains made during the recent conflict surge, according to Matt Weller.
- Despite the IRGC's attack on a Singapore-flagged cargo ship raising concerns about Iran's influence over the Strait of Hormuz, market reactions have remained muted.
- Weller reports a slight decrease in the US dollar and a 1% drop in the NASDAQ 100 index ahead of the US market opening.
- Major technology companies are facing substantial losses, with Microsoft down 36%, Meta down 32%, and Amazon down nearly 20%, indicating a trend of significant drawdowns in the sector.
- Weller suggests that the ongoing weakness in tech stocks may prompt investors to seek returns on AI-related capital expenditures that have previously fueled economic growth.
- Our interpretation: The current decline in oil prices, coupled with the weakness in tech stocks, signals a potential shift in market focus towards the need for tangible returns on investments, which could influence US dollar liquidity and broader market dynamics.
INSTRUMENTS
WTI
The block discusses a significant decline in oil prices, specifically WTI.
AMZN
Amazon is specifically mentioned as facing substantial losses.
META
Meta is specifically mentioned as facing substantial losses.
MSFT
Microsoft is specifically mentioned as facing substantial losses.
AUDUSD
The US dollar is mentioned as declining in the context of oil price movements.
EURUSD
The US dollar is mentioned as declining in the context of oil price movements.
GBPUSD
The US dollar is mentioned as declining in the context of oil price movements.
NZDUSD
The US dollar is mentioned as declining in the context of oil price movements.
USDCAD
The US dollar is mentioned as declining in the context of oil price movements.
USDCHF
The US dollar is mentioned as declining in the context of oil price movements.
USDDKK
The US dollar is mentioned as declining in the context of oil price movements.
USDJPY
The US dollar is mentioned as declining in the context of oil price movements.
INFO
MARKET MEDIA2026-06-25
OPEN SOURCECHANNELFOREX.com
DXY Rally Signals Potential Exhaustion Post-PCE | Opening Bell with Michael Boutros | 6/25/2026
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DXY Rally Signals Potential Exhaustion Post-PCE | Opening Bell with Michael Boutros | 6/25/2026
The core PCE number registered at 3.4% year on year, aligning with market expectations and indicating stability.
FULL
00:00–05:00
- The core PCE number registered at 3.4% year on year, aligning with market expectations and indicating stability.
- The DXY is testing critical resistance levels at 101.77 and 101.92, significant pivot zones from previous years.
- The dollar's long side may be vulnerable as it approaches near-term uptrend resistance, suggesting potential exhaustion.
- Initial support for the DXY is at 101.13, with a critical threshold at 100.65 that could limit downside movement.
- A breach above 102 is necessary to signal the next major advance towards 102.71, corresponding to the 100% extension from the January rally.
- Our interpretation: The DXY's potential exhaustion at resistance levels may prompt a reassessment of dollar strength, influencing FX rates and possibly leading to shifts in trader positioning in response to the core PCE data.
INSTRUMENTS
USDCAD
The DXY's potential exhaustion at resistance levels directly impacts USD/CAD dynamics.
USDCHF
The analysis of the DXY and its resistance levels directly relates to USD/CHF.
USDJPY
The block discusses the USD/JPY pair, making it directly relevant.
AUDUSD
The DXY's movements can influence AUD/USD dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
EURUSD
The block's discussion of the DXY and Euro indicates relevance to EUR/USD. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics. Also: The block mentions the Euro holding critical support, indicating potential impacts on EUR.
GBPUSD
The block's focus on the DXY indirectly relates to GBP/USD dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
NZDUSD
The analysis of the DXY can impact NZD/USD dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
USDDKK
The analysis of the DXY can impact USD/DKK dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
USDNOK
The DXY's movements can indirectly affect USD/NOK dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
USDPLN
The DXY's movements can influence USD/PLN dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
USDSEK
The block's focus on the DXY can impact USD/SEK dynamics. Also: The block discusses the DXY and core PCE data, which are directly related to USD dynamics.
AUDJPY
The block discusses the USD/JPY pair, indicating relevance to JPY.
FULL
05:00–10:00
- The DXY is currently testing a pivotal resistance zone at 101.92, a significant level since September of the previous year.
- A close below 1355 is necessary to validate a potential downside move, indicating precarious market conditions.
- The personal consumption expenditure (PCE) data registered at 3.4% year-on-year, aligning with expectations and suggesting stability in consumer spending and inflation metrics.
- The upcoming non-farm payroll report, scheduled for release next Thursday, will be crucial for assessing labor market conditions and potential Fed actions.
- The current probability of a Fed interest rate hike by September remains around 63-64%, indicating that market expectations are still tightly held despite recent data.
- Our interpretation: The DXY's struggle at resistance levels may lead to a reassessment of dollar strength, influencing FX rates and prompting shifts in trader positioning in response to the core PCE data.
INSTRUMENTS
USDJPY
The block discusses the DXY's resistance levels, which directly impacts USD/JPY dynamics.
EURUSD
The DXY's performance can influence the EUR/USD exchange rate through relative strength dynamics.
AUDUSD
The DXY's performance can also affect AUD/USD through relative strength dynamics. Also: The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
GBPUSD
The DXY's movements can indirectly impact GBP/USD through shifts in dollar strength. Also: The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
NZDUSD
The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDCAD
The DXY's dynamics can influence USD/CAD through shifts in dollar strength. Also: The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDCHF
The DXY's performance can impact USD/CHF through shifts in dollar strength. Also: The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDDKK
The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDNOK
The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDPLN
The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
USDSEK
The block discusses the DXY and Fed interest rate expectations, which directly relate to the USD.
EURCHF
The discussion of the DXY and its implications can indirectly affect the EUR through relative strength dynamics.
FULL
10:00–15:00
- The DXY is currently at a critical resistance zone, with bearish validation levels set at 33.26 and 33.02, which correspond to the monthly opening range low and the origin of the recent decline.
- A break above 32.30 could signal a potential larger recovery for the DXY, while failing to hold above 31.40 may lead to a significant downside move.
- The Australian dollar has closed below 69.42, with attention on the 161.8% extension at 68.80, suggesting potential near-term exhaustion.
- If the Australian dollar drops below the March low of 68.33, it could trigger a larger decline, with initial targets around the 67s.
- Our interpretation: The DXY's current resistance levels and the Australian dollar's vulnerability to further declines may prompt traders to reassess their positions, particularly in light of the recent PCE data.
INSTRUMENTS
AUDUSD
The block highlights the Australian dollar's performance, directly impacting AUDUSD.
USDCAD
The block discusses the DXY, which influences USD pairs like USDCAD.
AUDJPY
The block analyzes the Australian dollar's performance and potential declines.
EURUSD
While not directly discussed, the DXY's movements can influence EURUSD. Also: The block discusses the DXY and its resistance levels, which directly relates to USD strength.
GBPUSD
The DXY's performance can indirectly impact GBPUSD through USD strength. Also: The block discusses the DXY and its resistance levels, which directly relates to USD strength.
NZDUSD
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDCHF
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDDKK
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDJPY
The DXY's movements can also influence USDJPY indirectly. Also: The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDNOK
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDPLN
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
USDSEK
The block discusses the DXY and its resistance levels, which directly relates to USD strength.
FULL
15:00–20:00
- The US Dollar (DXY) is exhibiting signs of momentum divergence, suggesting a potential weakening of bullish strength as it approaches overbought conditions.
- Initial support levels for the DXY are set at 41.66 and 41.78, with the latter serving as a critical pivot point that coincides with the 2024 November swing high.
- A break below the weekly range low could indicate a larger pullback for the DXY, although the outlook remains positive as long as it stays above 40.35.
- Current market conditions reveal the DXY is in an overbought state, with the RSI reaching levels not seen since 2016, indicating a possible pullback is on the horizon.
- The technical framework for the DXY remains constructive as long as it holds above 60.37, with a necessary close above 62 to confirm further upward momentum.
FULL
20:00–25:00
- The threat of intervention remains a significant variable as traders position themselves in the market.
- Heavy short positioning persists in the dollar-yen market, with 92% of positions being short, indicating potential for a cascading effect if the top side breaks.
- Dollar-Swiss showed signs of exhaustion, closing at the critical pivot point of 81.24, which aligns with the August high close.
- Momentum for dollar-Swiss is breaking back below 70, suggesting near-term exhaustion and a potential signal for a deeper correction if the weekly open is breached.
- Gold's recent break below 40.74 could lead to a deeper cut back towards 38.86, with momentum still showing divergence.
- Our interpretation: The current market dynamics indicate that heavy short positioning in the dollar-yen and dollar-Swiss markets, combined with potential intervention threats, could lead to significant volatility in the FX space. If the dollar strengthens due to intervention or sentiment shifts, we may see a rapid unwinding of short positions, impacting the dollar's liquidity and potentially leading to a broader risk-on environment across currencies.
INSTRUMENTS
USDCHF
The block discusses dollar-Swiss dynamics, indicating its relevance.
USDJPY
The block directly analyzes the dollar-yen market, indicating its relevance.
AUDJPY
The block mentions the dollar-yen market and the potential for intervention, which directly involves JPY.
AUDUSD
While not directly discussed, USD dynamics can influence AUD/USD. Also: The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
EURCHF
The block discusses dollar-Swiss dynamics, indicating a direct connection to CHF.
EURJPY
The block mentions the dollar-yen market and the potential for intervention, which directly involves JPY.
EURUSD
While not directly discussed, USD dynamics can influence EUR/USD. Also: The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
GBPJPY
The block mentions the dollar-yen market and the potential for intervention, which directly involves JPY.
GBPUSD
While not directly discussed, USD dynamics can influence GBP/USD. Also: The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
NZDUSD
While not directly discussed, USD dynamics can influence NZD/USD. Also: The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
USDCAD
The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
USDDKK
The block discusses heavy short positioning in the dollar-yen market and potential intervention threats.
FULL
25:00–30:00
- Oil has traded below the support structure of 71.90 to 73.85, which has now turned into resistance following a recent decline.
- Resistance is established at 73.85, with a necessary break above 85 to confirm a significant low.
- Bitcoin is currently testing a target of 57,8885, part of the yearly forecast, while the 2023 uptrend support is critical.
- A break below the support level of 57,8885 could lead to a decline towards 52,204, identified as a potential exhaustive low.
- Momentum is diverging from previous lows, and a close below 30 may indicate a swift move towards the 52,204 target.
- Our interpretation: The current market dynamics suggest that if Bitcoin fails to hold above 57,8885, it could trigger a rapid decline, impacting overall market sentiment and positioning in cryptocurrencies.
INSTRUMENTS
BTCUSD
Bitcoin is directly discussed with specific price levels mentioned.
FULL
30:00–35:00
outro_or_disclaimer
INFO
MARKET MEDIA2026-06-25
OPEN SOURCECHANNELFOREX.com
USA! USA! USA! Strong US Economic Data GALORE! | Daily Market Update, June 25 2026
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USA! USA! USA! Strong US Economic Data GALORE! | Daily Market Update, June 25 2026
Micron's earnings surpassed expectations, driving a 2% increase in the NASDAQ 100 and revitalizing the AI sector.
FULL
00:00–05:00
- Micron's earnings surpassed expectations, driving a 2% increase in the NASDAQ 100 and revitalizing the AI sector.
- Core PCE, the Fed's preferred inflation measure, aligned closely with forecasts, while personal income and spending both rose by 0.7% month over month, indicating robust consumer activity.
- Initial jobless claims fell below expectations, reflecting a decrease in unemployment benefit claims and signaling economic strength.
- Q1 GDP was revised upward to an annualized rate of 2.1%, enhancing the overall positive economic outlook.
- The US dollar is gaining momentum after reaching a 14-month high, with the USD/CAD pair appreciating over 700 pips since May, indicating strong demand for the dollar.
- Our interpretation: The combination of strong economic data and rising asset prices suggests a favorable environment for the US dollar, with potential implications for future Fed policy and dollar liquidity dynamics.
INSTRUMENTS
USDCAD
The block directly analyzes the USD/CAD pair and its recent performance.
AUDUSD
The block discusses strong US economic data and its implications for the dollar.
EURUSD
The block discusses strong US economic data and its implications for the dollar.
GBPUSD
The block discusses strong US economic data and its implications for the dollar.
NZDUSD
The block discusses strong US economic data and its implications for the dollar.
USDCHF
The block discusses strong US economic data and its implications for the dollar.
USDDKK
The block discusses strong US economic data and its implications for the dollar.
USDJPY
The block discusses strong US economic data and its implications for the dollar.
USDNOK
The block discusses strong US economic data and its implications for the dollar.
USDPLN
The block discusses strong US economic data and its implications for the dollar.
USDSEK
The block discusses strong US economic data and its implications for the dollar.
NASDAQ100
The block discusses a 2% increase in the NASDAQ 100 driven by Micron's earnings.
INFO
MARKET MEDIA2026-06-24
OPEN SOURCECHANNELFOREX.com
Gold, Oil Plunge as US Dollar Surges to Key Resistance | Opening Bell w/ Michael Boutros | 6/24/2026
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Gold, Oil Plunge as US Dollar Surges to Key Resistance | Opening Bell w/ Michael Boutros | 6/24/2026
Oil prices are declining, trading back at the 70 handles, attributed to record tanker traffic through the Hormuz Strait and the anticipated return of Iranian supplies, which have alleviated disruption fears.
FULL
00:00–05:00
- Oil prices are declining, trading back at the 70 handles, attributed to record tanker traffic through the Hormuz Strait and the anticipated return of Iranian supplies, which have alleviated disruption fears.
- The US dollar is experiencing a robust rally, with the DXY index testing significant resistance levels between 101.177 and 101.92, marking a critical point for potential market movement.
- With 91% of Forex.com's client base holding net short positions, there is a heightened risk of a stop cascade if the dollar breaches its current resistance levels, indicating potential volatility.
- The upcoming personal consumption expenditure (PCE) data is projected to show a year-on-year increase to 3.4%, which could have implications for future interest rate decisions by the Federal Reserve.
- The recent break of the uptrend resistance suggests a potential acceleration in the dollar's rally, particularly against the yen, which is currently at a key resistance zone.
FULL
05:00–10:00
- Markets are pricing in a 69% to 70% chance that the Fed will need to take action in September based on upcoming inflation figures.
- If inflation figures come out softer than expected, markets may adjust their expectations for a steadier approach from the Fed.
- The recent strength of the dollar is driven by expectations that the Fed is serious about addressing inflation, which appears to be more entrenched than previously thought.
- If inflation data comes out hotter than expected, it could significantly support the dollar rally.
- The weekly chart indicates momentum potentially breaking to the highest levels since January of the previous year, which could signal a break of the 2025 downtrend if the rally is legitimate.
- Our interpretation: The upcoming inflation data release is critical as it could lead to a reassessment of Fed rate expectations, impacting the dollar's strength. A hotter inflation print may reinforce the dollar's rally, while a softer print could lead to a shift in market sentiment, affecting broader asset classes through potential changes in interest rate trajectories.
INSTRUMENTS
USDCHF
The block's focus on the Fed's inflation response directly impacts USD/CHF.
USDCAD
The discussion of inflation and oil prices can influence USD/CAD due to the commodity link.
AUDUSD
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
EURUSD
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
GBPUSD
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
NZDUSD
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
USDDKK
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
USDJPY
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
USDNOK
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
USDPLN
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
USDSEK
The block discusses the Fed's actions and inflation expectations, which directly relate to the USD.
GOLD
The block discusses inflation and its impact on the dollar, which can influence gold prices.
FULL
10:00–15:00
- Momentum is currently oversold, indicating that bears maintain control unless price closes above 1355.
- A close below 1355 could signal a continuation of the downward trend, with next support levels at 1275 and 1214.
- Sterling is testing a major support level between 3140 and 3153, which includes the objective May low and August lows.
- A confirmed close below 3140 for Sterling could open up further declines, with significant support not appearing until around 3045.
- The Australian dollar is approaching key support levels at 69.42 and 69.13, with potential declines towards 68.80 and 68.76.
- While the immediate downside bias for Sterling is vulnerable above 3140, a confirmed break below this level could lead to a steeper decline.
- Our interpretation: The current market dynamics suggest that a confirmed break below key support levels could trigger significant downward pressure on both Sterling and the Australian dollar, impacting broader market sentiment.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's support levels against the US dollar.
GBPUSD
The block directly analyzes GBP/USD and its critical support levels.
AUDJPY
The block discusses key support levels for the Australian dollar.
EURGBP
The block highlights critical support levels for Sterling and potential declines.
EURUSD
The block discusses the US dollar's resistance levels and its impact on market sentiment.
GBPJPY
The block highlights critical support levels for Sterling and potential declines.
NZDUSD
The block discusses the US dollar's resistance levels and its impact on market sentiment.
USDCAD
The US dollar's strength may indirectly influence CAD through broader market dynamics. Also: The block discusses the US dollar's resistance levels and its impact on market sentiment.
USDCHF
The US dollar's strength may indirectly influence CHF through market dynamics. Also: The block discusses the US dollar's resistance levels and its impact on market sentiment.
USDDKK
The block discusses the US dollar's resistance levels and its impact on market sentiment.
USDJPY
The US dollar's strength may indirectly influence JPY through market dynamics. Also: The block discusses the US dollar's resistance levels and its impact on market sentiment.
USDNOK
The block discusses the US dollar's resistance levels and its impact on market sentiment.
FULL
15:00–20:00
- A break below 69.42 for the Australian dollar suggests continued downside risk, with targets at the 200-day moving average and March low if it falls below 68.80.
- The daily momentum for the Australian dollar is entering oversold territory for the first time since April of last year, but confirmation requires a daily close below key levels.
- Rallies in the Australian dollar would need to be capped at 69.44, with a break below 68.80 indicating a resumption of the downward trend.
- Despite a recent breach of uptrend resistance, the long side of the Australian dollar remains vulnerable due to the current market stretch.
- The next significant level for the Australian dollar is 1492, representing the 618 retracement from last year's highs.
- Our interpretation: The Australian dollar faces bearish momentum and potential downside targets, which could lead to a broader risk-off sentiment in currency markets, particularly if the 200-day moving average is breached.
INSTRUMENTS
AUDUSD
The block directly analyzes the Australian dollar against the US dollar.
AUDJPY
The block discusses the Australian dollar's bearish momentum and potential downside targets.
EURUSD
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
GBPUSD
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
NZDUSD
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDCAD
The US dollar's strength may have broader implications for other currency pairs. Also: The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDCHF
The US dollar's performance can influence its value against the Swiss franc. Also: The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDDKK
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDJPY
The US dollar's strength may also affect its value against the Japanese yen. Also: The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDNOK
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDPLN
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
USDSEK
The analysis of the Australian dollar's performance indirectly relates to the US dollar's strength.
FULL
20:00–25:00
- The analysis indicates potential exhaustion in the dollar-Swiss exchange rate around 81.81 and 81.24, marking a significant pivot zone that traders should monitor closely.
- With momentum surpassing 70, the dollar market currently favors bulls, emphasizing the importance of closing above 81.25 to target the next level at 82.
- For gold, a close below 40.74 could trigger a decline towards 38.86, highlighting the critical nature of today's price action for market participants.
- In the oil market, the range of 71.90 to 73.85 is identified as a crucial level, representing the 100% extension from April's highs, which may indicate a significant trend change.
- Our interpretation: The current dynamics in the dollar and commodity markets suggest that a sustained dollar rally could impact gold and oil prices, with critical levels defining potential reversals in these asset classes.
INSTRUMENTS
USDCHF
The block directly analyzes the dollar-Swiss exchange rate.
AUDUSD
The analysis discusses the US dollar's strength and its impact on other assets.
EURCHF
The analysis includes the dollar-Swiss exchange rate, indicating a direct relationship.
EURUSD
The analysis discusses the US dollar's strength and its impact on other assets.
GBPUSD
The analysis discusses the US dollar's strength and its impact on other assets.
NZDUSD
The analysis discusses the US dollar's strength and its impact on other assets.
USDCAD
The analysis discusses the US dollar's strength and its impact on other assets.
USDDKK
The analysis discusses the US dollar's strength and its impact on other assets.
USDJPY
The analysis discusses the US dollar's strength and its impact on other assets.
USDNOK
The analysis discusses the US dollar's strength and its impact on other assets.
USDPLN
The analysis discusses the US dollar's strength and its impact on other assets.
USDSEK
The analysis discusses the US dollar's strength and its impact on other assets.
FULL
25:00–30:00
- The 200-day moving average and last year's open are identified as significant pivot points in the current price action.
- A break below the 80.75 to 79.60 range is considered bearish invalidation, while initial resistance is at 73.84, which includes the 100% extension and the 200-day moving average.
- The next downside target for oil is 66.28, corresponding to the 2024 low day close and the September high.
- Momentum indicators are currently oversold, indicating potential for a market reaction despite negative price movement.
- Bitcoin is experiencing losses, with a current drop of 2.9% to 2.1%, highlighting the importance of the 60,000 level as a critical pivot zone.
- The upcoming PCE figures are expected to influence market sentiment, particularly regarding dollar crosses, as there is a noted positive shift in market sentiment.
- Our interpretation: The current dynamics suggest that a sustained dollar rally could lead to further declines in gold and oil prices, with critical levels defining potential reversals in these asset classes.
INSTRUMENTS
GOLD
The block indicates that a dollar rally could lead to declines in gold prices.
WTI
The block discusses oil price targets and market reactions.
AUDUSD
The block discusses the US dollar's strength and its impact on commodities.
EURUSD
The block discusses the US dollar's strength and its impact on commodities. Also: The block mentions dollar crosses, indicating potential impacts on the euro.
GBPUSD
The block discusses the US dollar's strength and its impact on commodities.
NZDUSD
The block discusses the US dollar's strength and its impact on commodities.
USDCAD
The block discusses the US dollar's strength and its impact on commodities.
USDCHF
The block discusses the US dollar's strength and its impact on commodities.
USDDKK
The block discusses the US dollar's strength and its impact on commodities.
USDJPY
The block discusses the US dollar's strength and its impact on commodities.
USDNOK
The block discusses the US dollar's strength and its impact on commodities.
USDPLN
The block discusses the US dollar's strength and its impact on commodities.
INFO
MARKET MEDIA2026-06-24
OPEN SOURCECHANNELFOREX.com
USD/JPY Traders 90% Short at 40yr Highs - What Could Go WRONG? | Daily Market Update, June 24 2026
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USD/JPY Traders 90% Short at 40yr Highs - What Could Go WRONG? | Daily Market Update, June 24 2026
Matt Weller reports that 91% of traders are short on USD/JPY, reflecting extreme sentiment and skepticism regarding potential intervention by the Bank of Japan.
FULL
00:00–05:00
- Matt Weller reports that 91% of traders are short on USD/JPY, reflecting extreme sentiment and skepticism regarding potential intervention by the Bank of Japan.
- The USD/JPY is currently testing 40-year highs near 162.00, with a possibility of a rapid increase to 163 or 164 if the Ministry of Finance does not intervene.
- Bank of Japan Governor Yüeda anticipates further interest rate hikes as inflation rises, yet traders are only pricing in a 25% chance of a rate increase before December.
- The normalization of the situation in the Middle East has led to a 3% decline in oil prices, potentially shifting focus back to Japan's monetary policy.
- The recent strength of the US dollar is underpinned by a hawkish Federal Reserve, which has raised interest rates across the board.
- Our interpretation: The extreme short positioning in USD/JPY suggests that if the Ministry of Finance does not intervene, there could be significant upward pressure on the currency pair, leading to a potential short squeeze.
INSTRUMENTS
USDJPY
The block directly analyzes the USD/JPY currency pair and its potential movements.
AUDJPY
The block discusses potential intervention by the Bank of Japan regarding the yen.
AUDUSD
The block discusses the strength of the US dollar and its relation to interest rates.
EURJPY
The block discusses potential intervention by the Bank of Japan regarding the yen.
EURUSD
The block discusses the strength of the US dollar and its relation to interest rates.
GBPJPY
The block discusses potential intervention by the Bank of Japan regarding the yen.
GBPUSD
The block discusses the strength of the US dollar and its relation to interest rates.
NZDUSD
The block discusses the strength of the US dollar and its relation to interest rates.
USDCAD
The block discusses the strength of the US dollar and its relation to interest rates.
USDCHF
The block discusses the strength of the US dollar and its relation to interest rates.
USDDKK
The block discusses the strength of the US dollar and its relation to interest rates.
USDNOK
The block discusses the strength of the US dollar and its relation to interest rates.
INFO
MARKET MEDIA2026-06-23
OPEN SOURCECHANNELFOREX.com
USD Majors On the Move as Risk Teeters | Opening Bell w/ Michael Boutros | 6/23/2026
BLOCKS
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10:00
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20:00
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USD Majors On the Move as Risk Teeters | Opening Bell w/ Michael Boutros | 6/23/2026
Michael Boutros observes that equities are under pressure, particularly following a 10% decline in South Korean markets, indicating a defensive risk sentiment.
FULL
00:00–05:00
- Michael Boutros observes that equities are under pressure, particularly following a 10% decline in South Korean markets, indicating a defensive risk sentiment.
- The US dollar is approaching a critical resistance level at 101.14, which has been a focal point for the past two days.
- The Euro is nearing a significant support break, with key levels identified between 114.16 and 114.40.
- The Australian dollar has reached a crucial support level within a longer-term uptrend, suggesting potential for increased volatility.
- Boutros highlights the significance of today's close for the DXY index, especially in light of upcoming PMI data and the important personal consumption expenditure report scheduled for Thursday.
- Our interpretation: The potential breach of resistance in the US dollar, alongside the Euro's precarious position at support levels, may lead to a reevaluation of currency valuations and monetary policy expectations, particularly as key inflation data approaches.
INSTRUMENTS
AUDUSD
AUD/USD is mentioned in relation to the Australian dollar's support level. Also: The US dollar is discussed in relation to its resistance level and upcoming economic data.
EURCHF
The Euro's position near key support levels is highlighted, indicating potential volatility.
EURGBP
The Euro's position near key support levels is highlighted, indicating potential volatility.
EURJPY
The Euro's position near key support levels is highlighted, indicating potential volatility.
EURPLN
The Euro's position near key support levels is highlighted, indicating potential volatility.
EURUSD
EUR/USD is directly analyzed in the context of the Euro's support levels. Also: The Euro's position near key support levels is highlighted, indicating potential volatility. Also: The US dollar is discussed in relation to its resistance level and upcoming economic data.
GBPUSD
The US dollar is discussed in relation to its resistance level and upcoming economic data.
NZDUSD
The US dollar is discussed in relation to its resistance level and upcoming economic data.
USDCAD
USD/CAD is relevant due to the discussion of the US dollar's resistance level. Also: The US dollar is discussed in relation to its resistance level and upcoming economic data.
USDCHF
USD/CHF is relevant due to the broader discussion of the US dollar's strength. Also: The US dollar is discussed in relation to its resistance level and upcoming economic data.
USDDKK
The US dollar is discussed in relation to its resistance level and upcoming economic data.
USDJPY
USD/JPY is relevant as the US dollar's strength is discussed. Also: The US dollar is discussed in relation to its resistance level and upcoming economic data.
FULL
05:00–10:00
- The Euro is approaching a new low, suggesting a potential break of downtrend support, which could accelerate declines if bears maintain pressure below 1.14.
- Daily momentum for the Euro remains just above 30, currently at 30.29, indicating a critical threshold for today's close.
- A close below 1.404 would favor bearish sentiment, while a recovery above 1.416 could indicate near-term exhaustion of the bearish trend.
- Recent Eurozone PMI figures registered at 49.5, slightly above expectations but still signaling contraction, which may negatively impact the Euro's performance.
- The UK services PMI disappointed at 48.7, contributing to a weaker Sterling, which is currently maintaining the weekly opening range.
- The immediate short-term rise in the Euro could be at risk if it closes above 1.404, marking a crucial checkpoint for sustaining a bearish bias.
- Our interpretation: The Euro's performance is closely tied to the Eurozone's economic indicators and momentum levels, with a critical focus on the 1.404 level to gauge bearish sentiment, while the GBP's weakness reflects broader concerns in the UK economy.
INSTRUMENTS
EURUSD
The block discusses the Euro's performance against the US dollar directly.
EURCHF
The Euro's performance is discussed in relation to economic indicators and momentum levels.
EURGBP
The Euro's performance is discussed, which can indirectly affect its strength against GBP. Also: The Euro's performance is discussed in relation to economic indicators and momentum levels. Also: The UK services PMI disappointment is mentioned, affecting the Sterling.
EURJPY
The Euro's performance is discussed, which can indirectly affect its strength against JPY. Also: The Euro's performance is discussed in relation to economic indicators and momentum levels.
EURPLN
The Euro's performance is discussed in relation to economic indicators and momentum levels.
GBPJPY
The UK services PMI disappointment is mentioned, affecting the Sterling.
GBPUSD
The block discusses the UK services PMI, which impacts the GBP's performance against the USD. Also: The UK services PMI disappointment is mentioned, affecting the Sterling. Also: The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
AUDUSD
The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
NZDUSD
The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
USDCAD
The US dollar's resistance level is mentioned, which can indirectly affect the USD's performance against CAD. Also: The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
USDCHF
The US dollar's resistance level is mentioned, which can indirectly affect the USD's performance against CHF. Also: The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
USDDKK
The US dollar's resistance level is mentioned, indicating potential implications for monetary policy.
FULL
10:00–15:00
- Key support levels for sterling are identified at 31.94 and 31.87, with additional support at 31.53 and 31.40, suggesting a cautious approach to short exposure.
- The importance of breaking the 31.50 and 31.40 levels with conviction is emphasized as necessary to fuel the next leg lower for sterling.
- The Australian dollar is currently testing a significant support zone between 69.13 and 69.42, which includes the 2024 high day close and uptrend support.
- Momentum for the Australian dollar is just below 50 for the first time this year, indicating a critical point for potential price action.
- If the Australian dollar settles with a daily close below 69.13, it would signal a resumption of the broader downtrend.
- Our interpretation: The current technical levels for sterling and the Australian dollar highlight critical support zones that, if breached, could lead to significant downward pressure on both currencies.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's support levels, directly impacting the AUD/USD pair.
GBPUSD
Key support levels for sterling are discussed, which directly impacts the GBP/USD pair.
AUDJPY
The Australian dollar is discussed in relation to its support levels and potential downtrend.
EURGBP
The block discusses key support levels for sterling, indicating potential market movements.
GBPJPY
The block discusses key support levels for sterling, indicating potential market movements.
EURUSD
The US dollar is indirectly referenced through its relationship with other currencies.
NZDUSD
The US dollar is indirectly referenced through its relationship with other currencies.
USDCAD
The US dollar's relationship with other currencies may indirectly affect USD/CAD. Also: The US dollar is indirectly referenced through its relationship with other currencies.
USDCHF
The US dollar's relationship with other currencies may indirectly affect USD/CHF. Also: The US dollar is indirectly referenced through its relationship with other currencies.
USDDKK
The US dollar is indirectly referenced through its relationship with other currencies.
USDJPY
The US dollar's relationship with other currencies may indirectly affect USD/JPY. Also: The US dollar is indirectly referenced through its relationship with other currencies.
USDNOK
The US dollar is indirectly referenced through its relationship with other currencies.
FULL
15:00–20:00
- A break below 69-13 would indicate a strong reversal signal, potentially leading to a larger decline for the Australian dollar.
- Current momentum is in an overbought condition, which does not necessarily imply an immediate bearish trend, as such conditions can persist for extended periods.
- The 200-day moving average at 68.55 and the March lows at 68.33 are critical support levels, with a 20-pip range between them serving as a risk zone if breached.
- If the price closes below 69-13, it could trigger a significant drop towards the March low, marking a critical checkpoint for the Australian dollar.
- A topside breach of the uptrend resistance in dollar-cad could lead to a sharp rally, with potential targets up to 42.92, contingent on maintaining support above 41.30.
- Our interpretation: The current technical levels for the Australian dollar and dollar-cad suggest that breaches of key support and resistance zones could lead to significant price movements in both currencies.
INSTRUMENTS
AUDUSD
The block directly analyzes the Australian dollar's support levels against the US dollar.
USDCAD
The block discusses resistance levels for dollar-cad.
AUDJPY
The block discusses critical support levels for the Australian dollar.
EURUSD
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
GBPUSD
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
NZDUSD
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDCHF
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDDKK
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDJPY
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDNOK
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDPLN
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
USDSEK
The block discusses the US dollar's resistance levels indirectly through the analysis of AUD and CAD.
FULL
20:00–25:00
- Japanese officials are attempting to stabilize the yen's movement, indicating a potential intervention in the currency market.
- Dollar-yen has been on an upward trend, rising 4.4% from the May low, with the currency holding resistance at the 61.95 level for four consecutive days.
- Retail sentiment remains heavily net short on the yen, with 92% of retail traders positioned against the currency, suggesting a potential for a short squeeze if the yen strengthens.
- A daily close above 61.95 could signal a resumption of the uptrend, while a break below 60.36 would indicate a potential near-term high and a more significant pullback.
- Monitoring the dollar-yen's price action around key levels, particularly the 60.36 support and the 61.95 resistance, is crucial as these will dictate the near-term market direction.
- Our interpretation: The current dynamics in the dollar-yen market, particularly the potential for intervention and the extreme retail positioning, suggest that any upward movement could trigger a rapid shift in sentiment, impacting the yen's value and potentially leading to broader implications for USD/JPY trading strategies and risk management in currency portfolios.
INSTRUMENTS
USDJPY
The block directly analyzes the USD/JPY currency pair and its resistance levels.
AUDJPY
The block discusses potential intervention by Japanese officials to stabilize the yen.
AUDUSD
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
EURJPY
The block discusses potential intervention by Japanese officials to stabilize the yen.
EURUSD
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
GBPJPY
The block discusses potential intervention by Japanese officials to stabilize the yen.
GBPUSD
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
NZDUSD
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
USDCAD
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
USDCHF
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
USDDKK
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
USDNOK
The block discusses the dollar-yen exchange rate dynamics, indicating a direct relationship with the USD.
FULL
25:00–30:00
- Gold is currently testing key support levels at 4074 and 4098, which correspond to the 618 extension from late February highs and the March swing low.
- A drop below 4074 in gold could lead to significant downside risks, with the next target being the October swing low at 3886.
- Oil is at a critical support zone between 7190 and 7384, which includes the 200-day moving average and the 100% extension from the April highs.
- Momentum in oil is approaching a major threshold, suggesting potential volatility in the market.
- The stock market sentiment appears shaky, particularly with the SpaceX IPO experiencing a notable pullback, which may influence tech stocks.
- Bitcoin is down 2.43%, reflecting broader market sentiment and a spill in the overall market.
- Our interpretation: The current dynamics in gold and oil markets, along with the volatility in stocks and cryptocurrencies, indicate heightened risk and potential for rapid shifts in market sentiment, which could impact trading strategies and risk management across portfolios.
INSTRUMENTS
GOLD
Gold is explicitly discussed as testing key support levels.
WTI
Oil prices are mentioned as being at a critical support zone.
AUDUSD
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
EURUSD
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
GBPUSD
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
NZDUSD
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
USDCAD
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows. Also: The mention of oil prices suggests a link to CAD due to its commodity currency status.
USDCHF
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
USDDKK
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
USDJPY
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
USDNOK
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
USDPLN
The discussion on gold and oil prices indicates a potential impact on USD through commodity-linked capital flows.
FULL
30:00–35:00
- Key support levels for Bitcoin are identified between 60,000 and 60,859, with a pivotal reaction expected if prices approach this range.
- Bitcoin has faced resistance at 65,000 earlier in the week, suggesting a potential shift in market dynamics.
- The consumer price index figures from Australia are anticipated to rise to 4.4%, which may influence the interest rate outlook from the Reserve Bank of Australia and subsequently affect the Australian dollar.
- The upcoming unemployment figures from Australia are highlighted as significant, with potential implications for market conditions.
- Traders are advised to remain agile as major event risks loom, particularly with the upcoming PCE figures and Australian CPI data.
- Our interpretation: The interplay between rising Australian inflation and upcoming labor data could lead to shifts in the AUD's trajectory, while Bitcoin's price action near critical support levels may signal broader market sentiment changes.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's trajectory in relation to CPI data.
BTCUSD
Bitcoin's price action near critical support levels is highlighted in the block.
AUDJPY
The block discusses Australian CPI and its implications for the RBA's interest rate outlook.
EURUSD
The block mentions upcoming PCE figures which can influence USD expectations.
GBPUSD
The block mentions upcoming PCE figures which can influence USD expectations.
NZDUSD
The block mentions upcoming PCE figures which can influence USD expectations.
USDCAD
The block mentions upcoming PCE figures which can influence USD expectations.
USDCHF
The block mentions upcoming PCE figures which can influence USD expectations.
USDDKK
The block mentions upcoming PCE figures which can influence USD expectations.
USDJPY
The block mentions upcoming PCE figures which can influence USD expectations.
USDNOK
The block mentions upcoming PCE figures which can influence USD expectations.
USDPLN
The block mentions upcoming PCE figures which can influence USD expectations.
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