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Thursday, August 28, 2025

American Market Recap: EURUSD stretches to a new high/into a swing area between 1.16924 to 1.17028. Seller lean.

Thursday, 28 Aug, 2025

Technical Analysis

EURUSD stretches to a new high/into a swing area between 1.16924 to 1.17028. Seller lean.

The EURUSD is extending higher , pushing into a key swing area between 1.1692 and 1.17028 . This zone has already attracted sellers near its midpoint, leading to a modest pullback (see red numbered ci

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News

German Chancellor Merz: There will be no Putin/Zelenskyy meeting

German Chancellor Merz: There will be no meeting between Russia's Putin and Ukraine Pres. Zelenskyy What next? More secondary sanctions? Can sanctions starve Russia of needed funds? The writing on th

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News

US treasury sells 44 billion of 7 year notes at a high yield of 3.925%

High-yield 3.925% WI level at the time of the auction 3.922% Tail 0.3 basis points versus 6 month average of -0.9 basis points Bid-to-cover 2.49X vs 6 month average of 2.62X Directs 12.8% vs 6 month a

Stock market update

European major indices close mixed

Major European indices close the day with mixed results: German DAX, -0.03% France's CAC +0.24% UK's FTSE 100 -0.42% Spain's Ibex +0.34% Italy's FTSE MIB +0.23% A snapshot of the US markets, show majo

News

US Envoy on Ukraine/Russia war Kellogg: Russia strikes threaten peace efforts.

Russia launched one of its most intense attacks of the year on Ukraine overnight, deploying 598 drones and 31 missiles , according to the Ukrainian Air Force. The strikes hit several targets, includin

News

Trump Today: Thinking about a National Convention before the mid-term elections

Trump is thinking about a Republican National Convention ahead of the mid-term elections: Oh no...Not more politics, fundraising, commercials, etc. In other Trump News today, he fired CDC Director Sus

News

US pending home sales for July -0.4% versus -0.1% estimate

Prior month -0.8% Pending home sales change month on month -0.4% versus -0.1% estimate Pending home sales index 71.7 versus 72.0 last month. YoY +0.7% Regionally: Northeast -0.6% West +3.7% Midwest -4

Stock market update

Stocks are mixed in early trading. Nvidia down marginally in early trading after earnings

The major US indices are mixed in early US trading. The Dow industrial average is down. The S&P index is trading above and below unchanged and the NASDAQ index is marginally higher. Shares of Nvid

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Central Banks

Fed Gov. Lisa Cook files lawsuit against Trump

As expected, Fed Gov. Cook sues Pres. Trump over his move to remove her from the Fed Board "for cause" . The suit argues, that the "for clause" provision does not support removal for policy disagreem

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