EURUSD MONTHLY
Before getting excited about EURUSD trading at a 1 year low (below 1.1390), the range over this period has been around a measly 700 pips.(7 big figures)
More important is the former 2025 breakout level (1.1275) , the still distant 2025 low AT 1.0177 and the monthly trendline.
For short-term traders, 1.1350 is pivotal while within 1.13-1.14.

US PRE-MARKET MOVERS: Mag-7, HTZ, CBRS, FDX, GOOG, GME, TTWO, MU, Samsung Electronics
ES +0.2% NQ +0.5% RTY +0.2%
Mag 7: AAPL +0.8% NVDA +0.7% TSLA +0.6% GOOGL +0.5% META +0.1% AMZN -0.1% MSFT -0.6%
HTZ -20.5%: Files for offering of up to $100mln shares of common stock & disappointing guidance
CBRS -13.5%: Sees decline in GMs, overshadowing strong rev. growth
FDX -7.5%: Weaker-than-exp. profit guidance overshadowed stronger Q4 results & mgmts. positive comments on transformation efforts
GOOG +0.3%: To replace $VZ in the DJIA, effective BMO on June 29th
GME +0.8%: CEO Cohen will forgo potential $35bln performance pay package to focus on his bid to acquire EBAY
TTWO +3%: Pre-order of GTA 6 begins on June 25th
MU +3.5%: Ahead of earnings after-hours
Samsung Electronics plans a $58.61bln share buyback linked to employee stock bonuses
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Bubble or blasphemy?
An 8% plunge in the high-flying U.S. chip stock index on Tuesday marked a jarring injection of volatility into mid-year trading. Memory chipmaker Micron Technology fell around 13%, reversing all its gains from the day before, ahead of its earnings update today.
For an index that had doubled so far this year, maybe it just ran out of steam, but the 10% retreat in South Korea’s chip-heavy and volatile KOSPI earlier in the day won’t have helped either.
Softbank CEO Masayoshi Son thinks it’s “blasphemy” to think of AI as a bubble, though after this week’s latest wobble, others may not be as confident…. full report on Reuters U.S. Morning Bid
Looking ahead: Month end rebalancing
BofA says pension fund quarter-end rebalancing for June is expected to drive material outflows from equities into fixed income
Pension fund quarter-end rebalancing for June is expected to drive material outflowspite a marginal month-to-date tilt favouring equities, BofA says … See full update
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Newsquawk Daily US Opening News – 24th June 2026
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Forex Market Snapshot
Thge dollar has extended its highs overnight with AUD and NZD again underperforming.
EURUSD 1.1350 is now the pivotal level as firmly bel;ow would put 1.12 on the radar while above would slow the risk.
USDJPY is maintaining a bid above 161 but risk of BoJ intervention continues to see caution with 162 looming above.

Newsquawk Daily Asia-Pac Opening News – 24th June 2026 (continued)

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Newsquawk Daily Asia-Pac Opening News – 24th June 2026

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COMING UP: Holiday: Canada Provincial Holiday (Quebec).
Data: Australian Inflation (May), German Ifo (Jun). Events: Riksbank Minutes (Jun), BoJ SOO (Jun), BoC Minutes (Jun); Fed Bank Stress Test Report.
Speakers: RBA’s Hauser; BoE’s Breeden, Dhingra; BoC’s Rogers; ECB’s Cipollone.
Supply: UK, Italy, Germany, US. Earnings: Micron.(Newsquawk)
Newsquawk US Market Wrap: Stocks slide as chip rout drags indices lower
SNAPSHOT: Equities down, Treasuries up, Crude down, Dollar up, Gold down

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Market Update: US500 and NAS100
US500: What caught my eye was the low just above, 7350, which becomes pivotal as a firm break would put 7200 on the table while range is still to 7500 if it holds a support.
Otherwise treat moves up as a retracement unless 7560+ trades.
NAS100: With key support still a distant 28202, use the most recent low as nearest support with moves up likely seen as retracements unless 30K+ trades again.
Keep in mind that recent history has shown that corrections have been short-lived followed by new highs. Jury is out if history repeats.
US500 NAS100

AUDUSD DAILY:: The biggest loser (currently -1,22%)
Breaking down below 6978 and whether there is a run at potential targets at 6875 and 6833 dependent on the risk on/off mood.
Treat any bounce as a retracement unless the trendline is broken. To fully negate the downside risk, 7088 would need to be broken.

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