Action Insight Mid-Day Report 5-22-25

Dollar Recovers as Markets Stabilize, Euro Pressured by PMI and Dovish ECB Accounts

Dollar staged a broad recovery today as financial markets found some footing following a volatile stretch dominated by US deficit concerns. US futures are trading flat, while 10-year Treasury yield has pared back modestly from recent highs, signaling a pause in the bond selloff. The calmer tone helped the greenback regain some traction.

Support for Dollar came even after a narrow passage of a sweeping tax and spending bill in the US House of Representatives. The legislation, central to President Donald Trump's policy agenda, introduces a range of tax breaks, most notably on tips and car loans, while substantially boosting military and border enforcement budgets. The Congressional Budget Office estimates the bill would add approximately USD 3.8 Trillion to debt over the next decade....

Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8211; (P) 0.8251; (R1) 0.8251; More….

Intraday bias in USD/CHF is turned neutral first with current recovery. But risk will remain on the downside as long as 0.8475 resistance holds. Corrective rebound from 0.8038 should have completed already. Below 0.8208 will bring retest of 0.8038 first. Firm break there will resume larger down trend to 61.8% projection of 0.9200 to 0.8038 from 0.8475 at 0.7757 next.

EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

US Tax Bill, Eurozone PMI & S&P 500 Technicals

WTI Oil Futures Slide on OPEC Supply Outlook

Services Dragging Eurozone PMI Down

Bitcoin Confidently Updates Highs

Bitcoin Hits All-Time High, Surges Above $110K

Sterling Strengthens Weak US Dollar and UK Inflation Provide Support