FX Dealer

USD Edges Higher Post-Surge: Key Technical Levels to Monitor

USD Edges Higher Post-Surge: Key Technical Levels to Monitor

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USD Edges Higher Post-Surge: Key Technical Levels to Monitor

Currency market movements

In the video above, I analyze the technical outlook for the major pairs — EURUSD, USDJPY, and GBPUSD — to guide early U.S. trading.

  • Unchanged vs JPY
  • Up 0.05% vs GBP
  • Up 0.12% vs CAD
  • Up 0.14% vs CHF
  • Up 0.21% vs EUR and AUD
  • Up 0.25% vs NZD — the largest move of the day

In the video above, I analyze the technical outlook for the major pairs — EURUSD, USDJPY, and GBPUSD — to guide early U.S. trading.

  • Unchanged vs JPY
  • Up 0.05% vs GBP
  • Up 0.12% vs CAD
  • Up 0.14% vs CHF
  • Up 0.21% vs EUR and AUD
  • Up 0.25% vs NZD — the largest move of the day

On today’s economic calendar:

Earnings reports and economic calendar

Today’s earnings reports include:

  • Advanced goods trade balance for the US will be released at 8:30 AM ET, expected at $-98.20 billion versus -$96.42 billion last month
  • Wholesale and retail inventories for June will be announced. Wholesale inventories dropped -0.3% last month. Retail inventories increased by 0.2%.
  • Case Shiller housing price data for May will be released at 9 AM. Expectations are for a -0.2% MoM decline versus a -0.3% fall last month. Year-on-year is expected to rise by 3.0% versus 3.4% last month
  • US consumer confidence for July is out at 10 AM ET with expectations of 95 versus 93 last month
  • The JOLTS job openings for July will be announced at 10 AM ET, anticipating 7.5 million versus 7.769 million last month.

Pres. Trump took to Truth Social to deny rumors that he was “seeking” a summit with Xi. He is not, but might visit China at Xi’s invitation, which has been extended.

  • Boeing (BA) Q2 2025: EPS $-1.24 (beat expectations of $-1.50). Revenues $22.75 billion (beat expectations of $22.17B)
  • Corning Inc (GLW) Q2 2025: Core EPS $0.60 (beat expectations of $0.57), Core sales $4.05B (beat expectations of $3.85B)
  • PayPal Holdings Inc (PYPL) Q2 2025: EPS $1.40 (beat expectations of $1.30), Revenue $8.29B (beat expectations of $8.11B)
  • American Tower Corp (AMT) Q2 2025: Revenue $2.62B (beat expectations of $2.60B), Adj. EBITDA $1.75B (beat expectations of $1.73B)
  • JetBlue Airways Corp (JBLU) Q2 2025: EPS -$0.21 (beat expectations of -$0.32), Revenue $2.35B (beat expectations of $2.29B)
  • Procter & Gamble Co (PG) Q4 2025: Adj. EPS $1.48 (beat expectations of $1.42), Revenue $20.89B (beat expectations of $20.82B)
  • Johnson Controls International PLC (JCI) Q3 2025: Adj. EPS $1.05 (beat expectations of $1.01), Revenue $6.1B (beat expectations of $6.00B)
  • Merck & Co Inc (MRK) Q2 2025: Adj. EPS $2.13 (beat expectations of $2.04), Revenue $15.8B (met expectations of $15.81B)
  • Royal Caribbean Cruises Ltd (RCL) Q2 2025: Adj. EPS $4.38 (beat expectations of $4.09), Revenue $4.54B (met expectations of $4.54B)
  • Carrier Global Corp (CARR) Q2 2025: EPS $0.92 (beat expectations of $0.90), Revenue