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The S&P 500 and Nasdaq 100 suffered punishing losses in the first half of 2022 and in the second quarter, pressured by rising recession fears and tightening financial conditions.

EUR/JPY and EUR/GBP rates are still in bullish breakout territory, while EUR/USD rates remain rangebound.

European equities have continued to slide as geopolitics remain key catalysts for price action. OPEC+ agrees to increase production in August, oil prices ease.

Silver prices broke out of multi-week symmetrical triangle to the downside as anticipated, falling to fresh yearly lows.

Gold prices are poised for a third weekly decline with breakdown set to close the month below a key support pivot. Levels that matter on the XAU/USD weekly chart.

The US Dollar is pulling back after another strong showing in Q2 and EUR/USD came close to testing a major zone of long-term support.

USD/JPY is continuing to form a rising wedge formation that could soon lead to an explosive down-side move.

Stocks Slide as Key Psychological Levels are Broken. More Downside to Come?

U.S. May core PCE falls on a year-over-year basis, cooling to 4.7% from April's 4.9%, but fails to improve market sentiment amid growing recession fears.

The US dollar has broken higher in the last three sessions as equity markets turn South as risk-on sentiment disappears.