$DXY in Decline π The Daily Chart Report
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Todayβs Summary
Thursday, June 26, 2025
Indices: Russell 2000 +1.68% | Nasdaq +0.94% | S&P 500 +0.94% | Dow +0.80%
Sectors: 9 of the 11 sectors closed higher. Energy led, gaining +1.43%. Real Estate lagged, dropping -0.63%.
Commodities: Crude Oil rose +0.49% to $65.24 per barrel. Gold inched higher by +0.15% to $3,348 per oz.
Currencies: The US Dollar Index dropped -0.37% to a three-year low of $97.35.
Crypto: Bitcoin is currently down -0.16% to $107,249. Ethereum is up +0.12% to $2,423.
Volatility: The Volatility Index fell -0.90% to a four-month low of 16.60.
Interest Rates: The US 10-year Treasury yield fell for the fifth consecutive day, to a one-month low of 4.246%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
π Today's Chart of the Day was shared by Neil Sethi (@neilksethi).
- The US Dollar Index ($DXY) has fallen every day this week, closing at its lowest level since March 2022.
- With just two days remaining in June, Neil points out that $DXY will likely notch its first five-month losing streak since 2017. It's down more than -10% year-to-date, marking its worst first-half performance in nearly 40 years.
- After breaking support at $100 last month, the path of least resistance remains lower for $DXY. In theory, a weaker dollar should benefit commodities, emerging markets, and other risk assets, such as crypto.
The Takeaway: The US Dollar ($DXY) is on pace for a five-month losing streak, and its worst first-half performance in nearly 40 years. If it continues to trade below $100, the path of least resistance remains lower.
Quote of the Day
"Knowledge speaks, but wisdom listens."
- Jimi Hendrix
Top Links
Checking in on Bellwethers - Alfonso's Daily Note
Alfonso De Pablos points out that two mega-cap leaders are emerging to record highs: Nvidia ($NVDA) and JP Morgan ($JPM).
Yes, As a Matter of Fact I Am Buying Canada - TrendLabs
JC Parets highlights the strength in Canada ($EWC) and Imperial Oil ($IMO).
Currency Report: Coiled Up - The Strazza Letter
Steve Strazza examines the outlook for the Euro and the British Pound.
Breakdown of NVDA's Stock Price and S&P 500: Actionable Technical Insights - StockCharts
Frank Cappelleri looks at the breakout in Nvidia ($NVDA) and recent patterns in the S&P 500.