US Trade Deficit Hits $77.6 Billion in May, Reaching a Peak

The DXY closed slightly negative at 100.90, with the RSI at 46, indicating a weak zone. The MACD line remains below the signal line and in negative territory, suggesting short-term downward momentum. The US trade deficit hitting a peak of $77.6 billion in May could add further pressure on the dollar. The price is trading below the 20- and 50-day moving averages, weakening the technical outlook. However, the decline is likely to be limited, as the market may have largely priced in this news.

The news indicates that the US trade deficit hitting a high in May could create mild short-term pressure on the dollar. However, USDJPY technical indicators are sending mixed signals: the RSI is at 52.7, in neutral territory, while the MACD line is below the signal line and negative, pointing to weak momentum. The price is trading just above the 20- and 50-day moving averages, suggesting nearby support levels. No clear direction is expected in the short term, with the price likely to fluctuate within the current range.

NDX fell 3.7% in the last 24 hours to 29,174, with RSI approaching oversold territory at 36.1. The MACD line remains below the signal line and in negative territory, indicating weak short-term momentum. The price is trading below the 20- and 50-day moving averages (29,620–29,636), further weakening the technical outlook. The trade deficit data in the news may heighten concerns over trade tensions, putting pressure on technology stocks. In the short term, the downtrend is likely to continue, though some buying interest may emerge due to oversold conditions.