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European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US dollar Index-
The US dollar index hits a multi-month high as US treasury yields jump. It hit a high of 106.13 and is currently trading around 105.93.
US new home sales fell 11.3% in May to 619000, compared to a forecast of 636000.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.50% from 61.7% a week ago.
US economic data for the day
US Final GDP q/q (12:30 pm GMT)
US initial jobless claims (12:30 pm GMT)
US core Durable goods order (12:30 pm GMT)
Major resistance- 106.20/107
Major support- 103.80/103
EURUSD-
EURUSD lost its shine on board-based US dollar buying. It hit a low of 1.0660 yesterday and is currently trading around 1.06916.
German GfK consumer confidence dropped to -21.8 in July compared to a forecast of -19.40.
Major resistance-1.0720,1.0765
Major support- 1.0650,1.0600
Yen-
The pair showed a minor sell-off on intervention fears and risk aversion. Any close above 161 confirms further bullishness.
Major Resistance- 161,162
Major support- 159.80,15
Canadian Dollar
The pair gained sharply on the strong US dollar and weak oil prices. Any break above 1.3720 confirms further bullishness.
Resistance- 1.3730, 1.3800
Major support- 1.3600,1.3535
