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USD: New record high for the Emini

USD
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  • The Dollar is on the back foot going into the European Govie session, taking its cue from the continued rallies in Equities, following reports that China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state bank.
  • AUD has benefitted the most on the Risk On tone, up 0.56% and is leading among G10s Currencies.
  • But despite the recovery overnight and into the EU session, AUDUSD is still some way short of 0.6908, Yesterday's high and its highest printed level since February 2023.
  • Looking at Equities, and while the Emini is printing new fresh record highs as we speak, ESZ4 now targets the next resistance seen at 5818.12 0.50 proj of the Sep 6 - 17 - 8 minor price swing.
  • Nasdaq sees next immediate resistance at 20,601.00.
  • Estoxx (VGZ4) is eyeing 5024.00 the Aug and Sep high, and the best traded level since mid July.
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  • The Dollar is on the back foot going into the European Govie session, taking its cue from the continued rallies in Equities, following reports that China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state bank.
  • AUD has benefitted the most on the Risk On tone, up 0.56% and is leading among G10s Currencies.
  • But despite the recovery overnight and into the EU session, AUDUSD is still some way short of 0.6908, Yesterday's high and its highest printed level since February 2023.
  • Looking at Equities, and while the Emini is printing new fresh record highs as we speak, ESZ4 now targets the next resistance seen at 5818.12 0.50 proj of the Sep 6 - 17 - 8 minor price swing.
  • Nasdaq sees next immediate resistance at 20,601.00.
  • Estoxx (VGZ4) is eyeing 5024.00 the Aug and Sep high, and the best traded level since mid July.