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Wednesday, July 30, 2025

Asia Market Movers: New Zealand July business confidence 47.8% (prior 46.3%)

Tuesday, 29 Jul, 2025

Technical Analysis

GBPUSD falls to swing area and the 100 hour MA. Finds support buyers on the test

GBPUSD bounces off support target area The GBPUSD extended to a new session low, reaching a key downside target at the rising 100-hour moving average , currently at 1.3503 (blue line on the chart). Th

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News

Pres. Trump to visit the Federal Reserve - the office building under construction

Pres. Trump will be visiting the Federal Reserve today - or at least the building. Details are sketchy. Will he meet with Powell there? Will he meet with the construction manager? Is he just there t

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Technical Analysis

Nvidia is trending higher and using the moving averages as risk/bias defining levels

Shares of Nvidia continue to trend to the upside, with the price pushing above the prior record closing high of $173.00 (from July 17). In early trading, the stock is holding just above that mark, tra

News

European indices closed with mixed results. France's CAC in Italy's FTSE MIB fall

The major European indices closed with mixed results. France's CAC and Italy's FTSE MIB fell. Spain's Ibex and UK's FTSE 100 led the way to the upside. A snapshot of the closing levels shows: German D

News

Freddie Mac 30 year mortgage rate down to 6.74%. Little changed from last week

Freddie Mac is a saying that the 30-year mortgage rate for the week is down to 6.74% marginally lower than last week's level. The new-home sales and existing home sales this week came in weaker than e

Central Banks

ECB sources: Baseline for Sept. is for no change in policy rates. EURUSD reaches target.

ECB sources: Baseline for September is no change in policy rates. Those seeking another rate cut will face a battle. Policymakers is set a high bar for a September rate cut. Rate cut would require det

News

The U.S. Treasury announces the coupon auctions for next week

The U.S. Treasury has announced the auction schedule or coupon issues next week. The treasury will sell $69 billion of 2 -year notes $70 billion in 5 year notes. $44 billion of 7 year notes. Of note,

Central Banks

Summary of the press conference from ECB's Lagarde: We are in a good place

ECB President Lagarde struck a cautiously optimistic tone in her press conference remarks, highlighting that the euro area economy grew more than expected in the first quarter, with a solid 0.6% expan

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Technical Analysis

USDCAD trapped between key swing levels as traders await breakout

USDCAD technicals The USDCAD has seen a rebound today after finding buyers near the swing area between 1.3589 and 1.3594 — a zone that held as support in earlier sessions. The bounce took the pair bac

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