US dollar Index-
The US dollar index holds above 105.50 amid mixed US economic data. It hit a low of 105.78 and is currently trading around 105.67.
US Richmond manufacturing index slowed in June to -10 vs. Forecast of -3. US CB consumer confidence drops to 100.40 in June from the previous month's 101.34.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.50% from 61.7% a week ago.
US economic data for the day
US new home sales (2 pm GMT)
Major resistance- 106/107
Major support- 103.80/103
EURUSD-
EURUSD is consolidating in a narrow range with no direction. It hit a low of 1.06904 yesterday and is currently trading around 1.07098.
Euro economic data
German Gfk consumer climate
Major resistance-1.0760,1.0835
Major support- 1.0650,1.0600
Yen-
The pair is struggling to break above 160 level on intervention fears. Any close above 160.20 confirms further bullishness.
Major Resistance- 160.20,162
Major support- 158,156
Canadian Dollar
The Canadian dollar gained momentum after strong CPI data. It rose to 2.9% YoY, above the estimate of 2.6%. Any break below 1.3600 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3600,1.3535


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