USDIDX is approaching 100-period EMA (dark purple) on M30 interval after the US Senate narrowly passed Donald Trump’s “big, beautiful bill,” following an all-night session, with Vice President JD Vance casting the tie-breaking vote in a 51-50 outcome.
Despite opposition from three Republican senators who joined Democrats in voting against the legislation, the bill marks a major GOP victory ahead of the 2026 midterms. It extends Trump’s 2017 tax cuts, introduces scaled-back versions of his campaign promises like eliminating taxes on tips, overhauls social safety-net programs, increases border and military funding, and raises the federal debt ceiling by $5 trillion.
Source: xStation5
Chart of the Day: Is the Yen Ready for Another Round?
Morning Wrap: Trump and Xi shape markets. AI drives record highs while Iran and geopolitics dampen sentiment
Daily Summary: Market euphoria shows no signs of letting up 🚀
Will Xi Jinping help reopen the Strait of Hormuz❓The NYT reports surprising details about the Saudi and UAE attacks on Iran 💥
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
