[GVI Forex 2]

Newsquawk Daily US Opening News – 20th July 2026

• The Iranian Foreign Ministry spokesperson said negotiations with the US could be pursued based on national interests and will not abandon talks with the US.
• US and Iran continued to exchange strikes; Iran killed two US service members in Jordan and one in Iraq. The US continued to target Iranian military capabilities.
  US equity futures rebound given the broader positive tone.
• DXY flat; Antipodeans lead on China stimulus hopes, while GBP awaits Burnham.
• Fixed income pare earlier losses while gilts remain in focus as Burnham gets ready for his first day as PM.
• Choppy crude trade as geopolitics dictate the tape while precious metals holds steady.
• Looking ahead, highlights include Canadian Inflation (Jun), New Zealand Inflation (Q2) & Comments by incoming UK PM Burnham.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Market Update

bruSD (Brent) retreat has filled the opening gap after a tepid test above 90-90.00 (on this CFD chartr)

EURUSD in a tight range upside so far cooled by another pause aroiund 1.1350 but downside cdonbtained unless 1.1400 cracks. ]

US500 bounce would need to regaiun 7500 to neutralize the3 downswide threat. Note bounce after downside so far found support at the “50” level (7450)

EURUSD                                      US500                                           XBRUSD

[Adam Global]

USDJPY is steady near 162.36 while completing a symmetrical triangle pattern, signaling that the market could change course in the coming sessions. As long as Japanese officials refrain from FX intervention,

[Adam Global]

Nvidia has sizably been 📉declining for days testing the 20-day SMA at 201.00 and marking this week’s lowest level,

[GVI Forex 2]

Forex Market Snapshot

The dollar is trading close to unchanged exdcewpt vs a firm,er AUDUSD and NZDUSD) on China stimulus hopes and after an opening week gap up in crude opil faling to follow through and has since retreated. This comes despite increased US-Iran attacks and concerns that they could escalate further.

So in a 1 + 1 doesn’t equial 2 start to the week markets are taking their cues from the oil market.

[GVI Forex 2]

Market Update

XBRUSD (BRENT OIL) opening week with a gap higher but so far no ripple effects so far (stocks or USD)_elsewhere

EURUSD                                       US500                                    XBRUSD

[GVI Forex 2]

THE WEEK AHEAD:
KEY ECONOMIC EVENTS & DATA TO WATCH
JULY 20 – JULY 24, 2026

 

Global markets enter a busy economic week with inflation data, central bank decisions, housing reports, and PMI surveys in focus. Investors are watching whether higher energy prices, AI demand, and interest rates continue reshaping the global economy. (Econoday)

[Mtl JP]

“Inflation is a choice” – Kevin Warsh
–
grasshopper wants to know 1) why
average price of diesel $5.058 on July 17 vs $4.877 week prior

and more importantly 2) what might be the next trade opportunity bet

[Mtl JP]

“Dollar dominance is essential,” Mr. Bessent

Russia Bill Broadens Sanctions but Could Fuel Fears Over the Dollar By Alan Rappeport, NYT

The Trump administration has recently sought to scale back sanctions as adversaries develop workarounds that some believe could erode the U.S. dollar’s supremacy.

[GVI Forex 2]

In our blog

Why choose a broker-operated prop trading firm?

[GVI Forex 2]

XBRUSD (BRENT OIL) Weekly – 4 week high

Briefly breaking a 4-week high (see chart), suggesting 88.00 is pivotal in dictating whether the current rebound will have more legs.

[Mtl JP]

no schadenfreude

cnbc july 16: “About 185 million SpaceX shares are now sold short, representing roughly 29% of the company’s publicly tradable float and about $25 billion in bearish wagers, according to S3 Partners. The position has ballooned from an estimated 40 million shares, or roughly 5% to 7% of the float, just three weeks ago.”

[Mtl JP]

allegedly
“US sending dozens of refueling aircraft to Israel ahead of potential attack on Iran” TofIsr

[Mtl JP]

US 10-YR 4.545%
brent: 87.60
wti: 82.25

[Mtl JP]

trading clown katayama “decisive action at any time” promise 

what is probably needed is for the Mrs. Watanabes to panic-rush into the yen

[Mtl JP]

trading geo-politics
“Iran said to tell Hezbollah, allies to prepare for wider conflict, which could rope in Israel” – ToIsr

[Mtl JP]

EURO Trade idea
–
while under 1.1450 bulls look weak/ened
trgt > 1.1400 / 1.1395

[GVI Forex 2]

Market Update

Some disconnect with firmer crude oil but EURUSD remains below 1.1450 and US500 bounce from above 7420 (low 7431) paused just below 7500.

EURUSD                                  US500                                         XBRUSD

[GVI Forex 2]

Stocks gfetting some relief afterf U of M Consumer Sentiment beat

Source: Try Newsquawk free for 7 days

[Mtl JP]

so who is, currently, in charge of hormuz as traders see it ?

[GVI Forex 2]

Market Update: Indices

Stocks on the back foot with US500 back below 7500 and underperfrorming NAS100 breaking its 28676 low.

Levels bulls do not want to see trade: US500 7420 and NAS100 28195 (use 28K as well).

US500- (4 hour)                                NAS100 (daily)

[GVI Forex 2]

US PRE-MARKET MOVERS: SMH, MAGS, DRAM, AA, SPCX, ISRG, ALV, SFNC
ES -0.9% NQ -1.9% RTY -0.8%

• SMH -3.5%, MAGS -1.7%, DRAM -4.2%: Moonshot AI’s new Kimi K3, a top-ranked open-source AI model, adds competitive pressure on US tech.
• AA -1.8%: Adj. EPS missed.
• SPCX -4.1%: Starship aborted seconds before test-flight liftoff on 16th July.
• ISRG -10.3%: Soft US Da Vinci procedure growth.
• ALV -5.6%: Adj. EPS fell short of expectations.
• SFNC -7.3%: Adj. EPS & revenue missed.

Source: Try Newsquawk free for 7 days

[Adam Global]

With this week earnings release pushing 📈 Apple 🍎 to all time high

We’re waiting for next week earnings release

[Adam Global]

GBPJPY is pulling📉 back from its 18-year high near 219.30 for a seconc consecutive session, easing towards 218.50.📉 However, the retreat appears corrective rather than trend-changing, with the broader uptrend remaining firmly intact.

[Adam Global]

GOLD is attempting to recover 📈above the psychological 4,000 level after briefly falling below it. However, the rebound still requires confirmation, with price action remaining trapped within a descending channel and close to multi- month lows.

[Adam Global]

US30 index (cash) is📉 declining for a second consecutive day, slipping below the 20-day SMA at 52,370, after hitting a double-top at 52,850 Interestingly, the index has been consolidating in the 52,000-52,850 narrow range since July 9, after marking a fresh all-time high at 53,345.

[GVI Forex 2]

We can’t seem to get away from semiconductors and straits.

Asian stocks continued to tumble this week even after tech giants like Taiwan’s TSMC reported blockbuster numbers. While these ructions may indicate concerns about the durability of hyperscalers’ massive AI capex outlays – and thus chipmakers’ eye-popping profits – the volatility in Asia likely also reflects the unwinding of leveraged positions.

Over in the Middle East, tensions between the U.S. and Iran continued to spike, but you wouldn’t know that from crude prices, with Brent hovering around $85 a barrel early Friday – well below the wartime high of roughly $118. Investors appear to be betting that the escalation will soon fade – a gamble that may not pay off…. full report on Reuters Morning Bid Weekend

[Mtl JP]

Oil and petroleum products explained – eia

Refining crude oil
On average, U.S. refineries produce, from a 42-gallon barrel of crude oil:

About 19 to 20 gallons of motor gasoline
11 to 13 gallons of distillate fuel, most of which is sold as diesel fuel
3 to 5 gallons of jet fuel

[Mtl JP]

EIA – Weekly U.S. Ending Stocks of Crude Oil in SPR (Thousand Barrels)
2026-Jul 3rd week: 316,504 // 5/20/1983 324,116

[GVI Forex 2]

GBPUSD FIBOS 1.3322 => 1.3557

[Author]

Posts