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The S&P 500 enters July after sideways consolidation, with seasonality, easing Middle East concerns, and key levels at 7,000 and 7,600 shaping the outlook.
The NASDAQ 100 enters July in a sideways consolidation phase as seasonality, Middle East risk easing, and key levels at 28,500 and 30,500 shape the outlook.
Gold enters July under pressure from US Dollar strength and Fed rate expectations, with the crucial $4,000 level likely to define the next major move.
USD/MXN is expected to remain choppy in July as carry trade support, Mexican GDP weakness, Banxico caution, and Fed rate expectations shape the outlook.
USD/JPY: Apex Values and Waiting for Bank of Japan Threats
BTC/USD: Steady Drift Lower Feels Like Accepted Old Reality
The EUR/USD is around 1.13900 as of this writing, this on the last trading day of June as speculative questions lurk for Forex traders who believe the currency pair has been oversold.
The USD/ZAR is around the 16.45990 ratio as of this writing while it demonstrates an ability to sustain a rather cautious middle ground taking into account its trading during June.
Technical analysis of EUR/USD with key levels, trend direction, and outlook.
The USD/ZAR is once again in its lower realm and will start the month of June near 16.
Crude oil is likely to remain choppy in June as Middle East uncertainty keeps traders focused on the $100 pivot and $85 support.
BTC/USD starts June on a cautious footing as fading momentum and softer investor demand threaten further downside below the $70,000 level.
USD/JPY remains supported near multi-decade highs, but the threat of renewed Bank of Japan intervention could create sharp volatility throughout June.
The S&P 500 remains bullish heading into June, with pullbacks toward 7,300 likely to attract buyers as momentum targets a move toward 7,700.
The NASDAQ 100 remains bullish heading into June, with the AI trade supporting further upside while geopolitical risks and overbought conditions may trigger choppy pullbacks.
