Market Snapshot (Pre-US Session)
FX & Rates: DXY 100.47, USD/JPY 159.70, EUR/USD 1.1464, GBP/USD 1.3208, AUD/USD 0.6853, USD/CAD 1.3944, US 2Y 3.83%, 10Y 4.33%
Commodities & Vol: WTI 101.02, Brent 111.60, VIX 29.02
Equities: S&P 6394, Dow 45578, Nasdaq 23149
Overnight Drivers
USD unwind dominating Asia → London, driving risk FX & equities.
Oil remains elevated; correlation with USD broken.
Asia stabilized; Europe sees relief bounce.
Economic Calendar – Today
Asia / Early:
Chinese PMIs → AUD/USD, GBP/USD: Strong = risk bid, Weak = USD/JPY support
NZ ANZ Business Confidence & NBNZ Own Activity → AUD risk
Europe:
Eurozone CPI Flash → EUR/USD: Hot = fade, Soft = buy
German Retail Sales → EUR/USD: Strong = buy, Weak = sell
UK GDP → GBP/USD: Strong = buy, Weak = fade
German Unemployment → EUR crosses: Surprise rise = EUR weakness
US / Late:
Canadian GDP → USD/CAD: Strong = CAD buy, Weak = USD buy
US CB Consumer Confidence → USD/Equities: High = USD bounce / equities fade, Low = USD selloff / equities rise
Trade Implications / Levels
Asset
Bias
Support
Resistance
Triggers
DXY
Bearish
99.80
100.80–101.20
Sell near 100.80–101.20 on soft EU CPI/UK GDP, break 99.80 → accelerate USD selloff
EUR/USD
Bullish
1.1400–1.1430
1.1500–1.1550
Buy above 1.1430 on soft German retail/EU CPI, fade 1.1500 on hot CPI
GBP/USD
Bullish
1.3150
1.3300–1.3350
Long near 1.3150 on strong UK GDP, fade 1.3300 on USD bounce
AUD/USD
Bullish
0.6800–0.6820
0.6950
Buy dips on strong Chinese PMI, fade on NZ biz data miss
USD/JPY
Unstable
158.20
160.00–160.50
Short supply zone on risk deterioration, long above 160.50 on strong US Consumer Confidence
USD/CAD
Bearish
1.3850
1.3980–1.4000
Short on strong Canadian GDP, fade if weak
S&P 500
Tactical long
6320–6350
6450–6500
Buy dips if China PMIs/EU CPI soft, fade near highs on strong US Confidence
Volatility: News spikes expected (Euro CPI, UK GDP, US Confidence). Take profits quicker, wait for confirmation.
What to Watch Today
Asia: Chinese PMIs → AUD/GBP
Europe: Eurozone CPI, German Retail, UK GDP → EUR/GBP
US: Canadian GDP, US Consumer Confidence → USD direction
Bottom Line: USD unwind persists; data today drives intraday moves. Trade levels and triggers, stay reactive.
Market data compiled from Bloomberg, Reuters, Yahoo Finance, and TradingView.







