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Where we are: EUR/USD is currently trading at 1.1643, down 0.15% on the day. The pair has been confined to a tight intraday range of 1.1642-1.1665. This level is testing Friday’s low and suggests a potential break lower if dollar strength continues through the NY session. What’s driving it: The Euro…
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Where we are: Nasdaq futures are currently trading at 30456.50, up 0.10% and near the top of the overnight range of 30362.75-30592.25. The cash Nasdaq 100 closed Friday at 26972.62, and the overnight action suggests continued upward momentum. We’re watching the 30600 level in futures as the next key resistance. What’s…
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Where we are: GBP/USD is trading at 1.3456, marginally lower on the day (-0.01%). Cable has traded in a tight 1.3446-1.3476 range so far today. This level is just below Friday’s close. Resistance is likely to be found at the intraday high and then psychological resistance at 1.35. What’s driving it:…
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Where we are: USD/JPY is currently trading at 159.52, up 0.10% on the day, consolidating near the upper end of its 159.31-159.53 intraday range. This marks a continued test of levels that have previously prompted intervention from Japanese authorities, and sits well above Friday’s NY close. The persistent upside pressure highlights…
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Where we are: The Dow Jones cash index is currently trading at 51033, up 259 points, or 0.51%, having already probed as high as 51094. Futures are printing 51233, up 184 points. The overnight range saw a low of 50999 and a high of 51382. The Dow continues to build on…
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Where we are: USD/CAD is currently trading at 1.3830, up 0.21% on the day and testing the upper end of its intraday range of 1.3790-1.3839. The pair is edging higher after consolidating near the 1.3800 level in the Asian and European sessions. The move puts USDCAD above Friday’s NY close. What’s…
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Where we are: Bitcoin is currently trading at 71930, down 2.50% on the day and testing the lower end of its intraday range of 71843-74094. This move places it well below the previous NY close. Ethereum is also feeling the pressure, down 1.39% to 1981, having traded in a range of…
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Where we are: The FTSE 100 is currently trading at 23377, down 52 points or 0.22% on the day. The index is holding above the lower end of its intraday range of 23352-23429, but is lagging the broader European rally. The Footsie closed its last NY session near 23,400. What’s driving…
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Snapshot: AUD/USD trades at 0.7167, down -0.15% intraday, as the RBA’s cautious stance contrasts with a strengthening US dollar. Upbeat copper prices (+2.42%) offer limited support. The key event for today is the 10:00 ET ISM Manufacturing PMI. Watch AU 2Y yields at 4.566%; a break higher could signal further Aussie…
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Snapshot: WTI crude is trading at $89.79, up 0.94%, supported by ongoing uncertainty regarding a potential US-Iran agreement. Focus shifts to the 10:00 ET ISM Manufacturing PMI and Prices Paid data for further direction. A break above the day’s high of $91.25 could trigger further upside. Risk of a pullback if…
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Snapshot: The Nikkei 225 is trading at 66934, up 0.92% on the day, reaching a fresh record high. JGB yields are slightly higher, with the 10Y at 2.684%, suggesting continued confidence in the Japanese economic outlook. The Nikkei’s rally is heavily influenced by tech shares benefiting from the global AI infrastructure…
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Snapshot: The DAX is trading at 25298, up 0.80% on the day, buoyed by the recent German HICP print of 2%, a significant drop from the previous 2.6%. This suggests easing inflationary pressures, potentially giving the ECB room to consider future rate cuts. Watch for further upside momentum if the index…
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Snapshot: USD/CHF trades at 0.7856, up 0.50% on the session, driven by the SNB’s active easing posture. The market continues to price in the potential for further rate cuts or FX intervention amid persistent CHF strength and near-zero CPI. Traders will be watching for the 10:00 ET ISM Manufacturing PMI release.…
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Snapshot: NZD/USD is currently trading at 0.5952, down 0.49% on the day, as markets continue to price in further easing from the RBNZ. Governor Orr’s recent signaling of additional cuts if disinflation takes hold remains the dominant driver, overshadowing a slightly firmer DXY. Focus shifts to the 10:00 ET ISM Manufacturing…
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Snapshot: GBP/JPY trades at 214.65, up +0.10% today, driven by the BoJ’s continued slow normalisation bias. Wage data supports further hikes, but Governor Ueda’s patient stance underpins the Yen’s weakness. The DXY is firmer at 99.06. Watch for resistance around 215.00, a break above which could trigger further upside given the…
