{"id":64874,"date":"2025-08-07T02:00:44","date_gmt":"2025-08-07T07:00:44","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=64874"},"modified":"2025-08-07T12:50:27","modified_gmt":"2025-08-07T17:50:27","slug":"market-trends-august-7","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2025\/08\/07\/market-trends-august-7\/","title":{"rendered":"Is More Weakness Coming in the U.S. Dollar?"},"content":{"rendered":"<p>Downloads are available\u00a0<a href=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/MT-Public-Materials-May-2025A.zip\">here<\/a>. TradeStation\u2019s ideas on TradingView are\u00a0<a href=\"https:\/\/www.tradingview.com\/broker\/TradeStation\/ideas\/\">available here<\/a>.<\/p>\n<p>Check out our next \u201c<a href=\"https:\/\/streamyard.com\/watch\/pkiEnSzszMRw\" target=\"_blank\" rel=\"noreferrer noopener\">State of the Market<\/a>,\u201d on Monday, 8\/11.<\/p>\n<h2 class=\"wp-block-heading\">Sizing Up the Market<\/h2>\n<ul>\n<li>S&amp;P 500 holds 21-day EMA<\/li>\n<li>9-day ROC remains steadily positive<\/li>\n<li>Prices above 6320 (50% retracement of recent decline) give non-confirmation of bearish move<\/li>\n<li>Wilder&#8217;s Relative Strength Index (RSI) on Friday hit lowest level since late April<\/li>\n<li>Intermarket:\n<ul>\n<li>U.S. Dollar Index potentially peaks under 100. See our <a href=\"https:\/\/www.tradingview.com\/chart\/DXY\/X55h6pgC-More-Downside-in-the-Greenback\/\" target=\"_blank\" rel=\"noopener\">TradingView idea<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div id=\"attachment_64882\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-64882\" class=\"size-large wp-image-64882\" src=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-1024x490.jpg\" alt=\"\" width=\"1024\" height=\"490\" srcset=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-1024x490.jpg 1024w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-300x143.jpg 300w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-768x367.jpg 768w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-1536x734.jpg 1536w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806-1080x516.jpg 1080w, https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/SPX_20250806.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-64882\" class=\"wp-caption-text\"><em>S&amp;P 500, daily chart, with select patterns and indicators.<\/em><\/p><\/div>\n<h2>News &amp; Views<\/h2>\n<ul>\n<li>Treasury yields jump after weak 10-year auction<\/li>\n<li>Zandi: Economy on &#8220;precipice of recession&#8221; amid weak consumer spending, construction and manufacturing.<\/li>\n<li>Euro zone June retail sales +3.1% vs +0.6% in U.S.\n<ul>\n<li><em>More upside in global?<\/em><\/li>\n<\/ul>\n<\/li>\n<li>UBS: Expects more U.S. dollar weakness into year end<\/li>\n<li>Investing.com: Foreign passive funds increase Chinese stock buying<\/li>\n<li>Morgan Stanley Wealth Management economist Ellen Zentner: July CPI (8\/12) may show tariff inflation<\/li>\n<li>Bank of America: No recession, no rate cuts in 2025<\/li>\n<\/ul>\n<h2>Potential Chart Patterns<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.tradingview.com\/chart\/TSLA\/Kim445JE-Tight-Squeeze-in-Tesla\/\" target=\"_blank\" rel=\"noopener\">TSLA: Triangle w\/ breakout potential<\/a><\/li>\n<li>AAPL: Approaches potential range breakout<\/li>\n<li>GOOGL: Consolidates below January highs<\/li>\n<li><a href=\"https:\/\/www.tradestation.com\/insights\/2025\/08\/05\/sydney-sweeney-american-eagle\/\">AEO<\/a>: Continued higher on 8\/6 after holding 50% of 8\/4 rally<\/li>\n<li>VRT: Consolidaes below January peak<\/li>\n<li>Energy stocks: Risk of channel breakdown<\/li>\n<li>BTM: Consolidates following sharp rally<\/li>\n<\/ul>\n<h2>Upcoming Events<\/h2>\n<ul>\n<li>Earnings this afternoon: TTD GILD MCHP MP<\/li>\n<li>Tue 8\/12: <em><strong>*CPI*<\/strong><\/em><\/li>\n<li>Wed 8\/13: Crude oil inventories\n<ul>\n<li>Earnings (PM): CSCO<\/li>\n<\/ul>\n<\/li>\n<li>Thu 8\/14: PPI, initial jobless claims\n<ul>\n<li>Earnings (AM): DE JD<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The greenback has shown signs of continuing lower amid weak economic data and expected changes at the Fed.<\/p>\n","protected":false},"author":39,"featured_media":63321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1276,13],"tags":[],"class_list":["post-64874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-trends","category-stocks","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is More Weakness Coming in the U.S. Dollar? 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