The EURUSD is little changed after reaching a new multi-year high on Friday, breaking above a swing area between 1.1663 and 1.1691. That zone now acts as close support—holding above it keeps buyers firmly in control.
In the video, I go through the technicals that are driving those 3 major currency pairs to kickstart the Monday trading in the US.
Former President Donald Trump stated that he is not offering Iran anything and has had no communication with them since their nuclear facilities were destroyed. In a message directed at Senator Chris Coons, Trump criticized the previous Obama administration for providing Iran with billions of dollars under the now-expired JCPOA nuclear deal, which he called a mistake.
Finally, on trade:
Japan’s trade negotiator Ryosei Akazawa stated that talks with the U.S. are ongoing, emphasizing Japan’s commitment to reaching an agreement while protecting its national interests. He declined to comment directly on former President Trump’s recent remarks accusing Japan of unfair auto trade practices and urging Japan to increase energy imports from the U.S. Akazawa noted that mutual understanding improves with each round of discussions.Canada officially rescinded its Digital Services Tax in an effort to advance broader trade negotiations with the U.S. The move follows President Trump’s earlier cancellation of trade talks, which Adam suggested was likely strategic posturing. In response, Canada appears ready to compromise, aiming for a trade deal by July 21. The Canadian dollar saw a slight boost following the announcement, but has given up some of those gains..Dow is up 256 pointsS&P is up 27 pointsNasdaq is up 147 points
In the US debt market, yields are lower by a few basis points:
2-year yield 3.727%, -1.3 basis points5-year yield 3.802%, -2.8 basis points10-year yield 4.249%, -3.4 basis points30-year yield 4.805%, -4.1 basis points This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( The USD is little changed to start the holiday week. US jobs on Thursday ahead of July 4 )
Also on site :