The USD is higher vs the major currencies once again led by the NZD (+0.49%), EUR (+0.30%), GBP (0.30%) and CHF (+0.28%) . In the video above, I outline the technicals that kickstart the North American trading session for the 3 major currency pairs including the EURUSD, USDJPY and GBPUSD. I take a look at the bias, the risks and the targets right now so you can have the roadmap for your trading. In the European session, German business sentiment improved for a second straight month in June, with the Ifo business climate index rising to 85.6 from 85.0, suggesting confidence is gradually recovering as energy concerns ease. However, sentiment remains historically subdued and stagflation risks persist, particularly if geopolitical tensions and energy prices flare up again.From central banks, BOJ Governor Kazuo Ueda reiterated that further rate hikes remain likely as underlying inflation moves toward the 2% target. He acknowledged Japan's recovery remains moderate and uneven but said accommodative financial conditions should continue to support growth. The comments were largely in line with recent BOJ messaging and did little to change expectations for gradual policy normalization. Technically, the USDJPY remains above its rising 100-hour MA at 161.447 but below key resistance at 161.92-161.95, levels that mark the highest prices since 1987.In Australia, RBA's Andrew Hauser said inflation remains "far too high" and warned there is still work to do to bring price growth back to target. While headline inflation has eased, underlying inflation remains sticky, supporting the RBA's cautious and restrictive stance despite markets pricing in little additional tightening.Meanwhile, SNB policymaker Petra Tschudin said medium-term inflation pressures remain unchanged, reinforcing the view that recent price gains are largely energy-driven and temporary. The SNB remains prepared to intervene in FX markets if necessary to prevent excessive Swiss franc strength from pushing inflation back toward deflation.On the geopolitical front, US-Iran diplomacy remains in focus. The first round of talks in Switzerland ended with both sides agreeing to a 60-day road map toward a final agreement and establishing a communication channel to prevent incidents in the Strait of Hormuz. However, uncertainty remains after Vice President Vance said Iran agreed to allow UN nuclear monitors while Tehran denied making any new commitments, highlighting the fragile nature of the diplomatic progress.Later today with expectations of 0.639 million up from 0.622 million last month. The weekly EIA inventory data also released at 10:30 AM with stocks expected to fall by -4.461 million and gasoline stocks expected to fall by -0.578M. The API data showed a of 0.765 million crude stocks and a rise of 1.238 million for gasoline stocks. The SPR (strategic petroleum reserve) was -9.1 million, the lowest level in more than 40 years. Crude oil is trading at $71.50 down $1.70 on the day. The low price reached $71.38. The closing level on February 27 the day before the Iran/US war was at $67.04.US stocks are higher with the NASDAQ up 252 points while the S&P is up 40 points. Both are rebounding from declines yesterday that saw the S&P fall -1.44% or -107 points and the Nasdaq fall by -2.21% with a tumble of -579 points. Some of those losses are being recouped but both still remain below 100 hour MAs at 7459 for the S&P and 26148 for the Nasdaq. MIcron earnings after the close today. Key barometer for the chip and tech sector. Shares are up some 280% this calendar year and 80% since this time last year. EPS and Revenues a year ago, showed EPS at $1.91 on Revenues of $9.3B. The expectations today are for EPS at $20.83 on Revenues of $35.85B. On % terms:EPS: Expected to rise from $1.91 to $20.83, an increase of approximately 991% YoY.Revenue: Expected to climb from $9.3B to $35.85B, an increase of approximately 286% YoY.From an EPS standpoint the gain is congruent with the rise in EPS. From a revenue standpoint, not so much. Nevertheless, that's an extraordinary acceleration as AI infrastructure is built.Yields are lower in the US with the 2-year down by -1.7 basis points at 4.1826%. The 10 year yield is down -3 basis points at 4.461%. Gold prices are falling the rise in the USD by moving to the downside. The price is currently down -$66 or -161% at $4045. The next key target area comes to $4006.99.. Silver is trading down -$2.08 or -3.40% at $59.48 and back below the $60 level. That is the lowest level going back to December 9, 2025. Bitcoin is trading at $62,772, up from the low for the day at $62,228, but below the high at $63,137 This article was written by Greg Michalowski at investinglive.com.