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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.
Market Update: XAUUSD vs BTCUSD
XAUUSD: On the defensive but Damage not fatal unless 4023 (and 4000) is taken out.
On the upside, treat it as a retracement unless 4200+ trades again
BTCUSD: Trying to hold off a run at 60K with a double bottom around 61842.
On the upside, treat it as a retracement unless 64193 is broken although downside is limited if 62K+ trades.
XAUUSD BTCUSD
US PRE-MARKET MOVERS: Mag-7, US tech names, QCOM, IBM, ORCL, PFE, ACN, AMC, TGT, NKE, APO
ES-1.3% NQ -2.7% RTY -1.4%
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EURJPY is trading in a sideways month-long consolidation, attempting tc stabilise around the 100-day SMA, just above the range floor, after repeatec rejection at the range ceiling near 186.20 Price remains above the 200-day SMA, suggesting the broader bullish structure is intact, though upside momentum has slowed beneath key resistance
This article caught my attention and worth reading
Newsquawk Daily US Opening News – 23rd June 2026
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Market Update: Risj off
Stocks down, USD up, XBRUSD coming off its low so there are some correlations but crude oil is less of a factor.
EURUSD break of 1.1417 lkeaves it dependent on 1.,1390 holding or face further losses.
US500 failure to establish above 7500 turned out to be a lead indicator as opposed to NAS100 trying to stay aboive 30K
EURUSD US500 XBRUSD
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