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Us Stock Markets Surge, Asian Markets Follow As Dollar Weakens
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New York, June 28, 2025 – The Us Stock Markets demonstrated robust gains on Thursday, June 26, with technology stocks leading the charge. This positive momentum extended to Asian markets on Friday, while the Us Dollar experienced notable weakness amid expectations of a more dovish Federal reserve policy.
Us Equities Rally to New Heights
Thursday witnessed a resurgence in Us equity markets. The tech-heavy index surged by 0.9%, achieving a new all-time intraday and closing high. The index also climbed 0.8%, closing at 6,140, narrowly missing its intraday high of 6,147 set in February. furthermore, the index increased by 0.9%, while the small-cap index outperformed with a 1.7% jump.
Investor sentiment remained positive despite ongoing concerns about slow us economic growth and the impending expiration of the White House’s 90-day pause on global reciprocal tariffs (excluding China) on July 9. The markets anticipate potential additional liquidity from a more dovish Federal Reserve as early as the third quarter.
Asian markets Mirror Us Momentum
The optimistic trend from the Us carried over into Friday’s Asian trading session. The and E-mini futures both added 0.2% intraday. japan’s continued its bullish trend, breaking out of a seven-week consolidation to reach a five-month high with a 1.2% increase. Singapore’s Straits Times Index rose by 0.6%, on track for a fourth consecutive session of gains.Conversely, Hong Kong’s underperformed, declining by 0.4%.
Softening Us Labor Market Fuels Fed Expectations
The latest us data revealed that continuing claims rose to 1.974 million for the week ending June 14, marking the highest level since November 2021. This data suggests that more individuals are remaining unemployed for extended periods, reinforcing concerns about a weakening labor market.
This softening labor market could prompt the Federal Reserve to reconsider its current “wait and see” approach, as emphasized by Fed Chair Jerome Powell during recent congressional testimony. markets now anticipate three 25-bps rate cuts by December 2025,up from the two rate cuts projected last week,aligning with the Fed’s latest dot plot,according to CME FedWatch data.
Pro Tip: Keep an eye on Federal Reserve statements and economic data releases, as they can substantially impact market expectations and investment strategies.
Dollar Under Pressure
Dovish Fed repricing has put meaningful pressure on the . The posted its fourth consecutive daily loss on Thursday, falling 0.4% to 97.35, its lowest level in three years, breaching a critical support level at 97.40. A sustained weekly close below this level could confirm a multi-week to multi-month downtrend.
The and extended their rallies to new multi-year highs. the also surged to a decade high against the Us Dollar, with USD/CHF breaking below the April 21 low of 0.8040 to hit an intraday low of 0.7979, its weakest level since the 2015 removal of the floor.
Jpy Remains Steady Despite Weak Data
Despite weaker-than-expected economic data from Japan, including Tokyo’s inflation for June (3.1% year-over-year vs. 3.3% consensus) and retail sales (2.2% year-over-year vs. 2.7% expected), the yen held steady. USD/JPY reversed earlier intraday gains to trade flat at 144.43 ahead of crucial Us inflation data scheduled for release later in the Us session.
Gold Prices Decline Amid Risk Appetite
The resurgence in risk appetite has negatively impacted gold prices. Gold broke below its Us$3,300 intermediate support and the 50-day moving average, recording a 1% intraday loss. The precious metal is currently trading at a four-week low of Us$3,295, reflecting decreased short-term safe-haven demand.
Did You Know? Gold prices often move inversely to stock market performance, as investors seek safe-haven assets during times of economic uncertainty.
Key Economic Indicators
here’s an overview of recent economic data releases impacting the stock market:
| Indicator | Value | Consensus | Previous |
|---|---|---|---|
| Tokyo Inflation (June Y/Y) | 3.1% | 3.3% | N/A |
| Retail Sales (Japan Y/Y) | 2.2% | 2.7% | N/A |
| Us Continuing Claims | 1.974M | N/A | N/A |
Usd/Jpy Technical Analysis
The Usd/Jpy pair is showing signs of a potential bearish breakdown. Price actions have failed to trade higher above its 20-day moving average, and an impending weekly bearish “Dark Cloud Cover” candlestick pattern suggests a breakdown from its “Ascending Wedge” range support since April 22, 2025.Monitor the 145.20 resistance; a break below 143.90 could expose supports at 143.00 and 142.40.Conversely, a move above 145.20 could lead to resistances at 146.25 and 147.15.
Understanding market Trends: An Evergreen Perspective
analyzing market trends requires a blend of real-time data evaluation and historical context. The interplay between Us stock Markets,Asian markets,and
