US Markets 05 Jul 25

The US market closed higher. The S&P and Nasdaq closed at historic highs.

BDI closed lower from 1,521 (27 Jun) to 1,436 (04 Jul)

Harpex remained the same at 2,161 (04 Jul)

CDFI closed lower from 945.57 (27 Jun) to 939.16 (04 Jul)

CCFI reversed to close lower from 1,369.34 (27 Jun) to 1,342.99 (04 Jul)

The dollar index broke the 96.3 support and recovered some losses before closing lower than the previous week.

Watch out for

• Australia and New Zealand Interest Rate Decision
• China CPI
• US FOMC Meeting Minutes

There will be no update on COT this week due to the delayed release date due to a Federal holiday.

Dow
Daily UT, Weekly UT
Potential resistance around 46,144

Potential support around 44,014, 41,884, 39,754, 37,625

S&P
Daily UT, Weekly UT

Potential resistance around 6,280

Potential support around 6,045, 5,809, 5,574, 5,338

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,876, 23,598

Potential support around 22,154, 21,431, 20,709, 19,986

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779

Key event to watch out for (SG Time, GMT+8)

07 Jul, Mon

• No important data

08 Jul, Tue

• 1230 Australia RBA Interest Rate Decision (Jul)
• 2200 Canada Ivey PMI (Jun)

09 Jul, Wed

• 0930 China CPI (YoY) (Jun)
• 1000 New Zealand RBNZ Interest Rate Decision
• 2230 US Crude Oil Inventories

10 Jul, Thu

• 0100 US 10-Year Note Auction
• 0200 US FOMC Meeting Minutes  
• 2030 US Initial Jobless Claims

11 Jul, Fri

• 0100 US 30-Year Bond Auction
• 1400 UK GDP (MoM) (May)
• 2030 Canada Employment Change (Jun)
• 2030 Canada Unemployment Rate (Jun)