[GVI Forex 2]

Newsquawk US Market Wrap – 15th July 2026: Stocks mixed on ASML earnings and soft PPI

SNAPSHOT: Equities mixed, Treasuries up, Crude up, Dollar down, Gold flat

REAR VIEW: Softer-than-expected US PPI; NY Fed Manufacturing tops expectations; Fed’s Williams says policy is well positioned to hit 2% inflation target; Trump leans toward expanding US military ops in Iran; Trump reportedly held a Situation Room meeting on Tuesday and discussed a wider scope of strikes on Iran; Trump says Iran wants to meet; Ghalibaf keeps diplomacy open; China’s Q2 GDP growth underwhelms; ASML earnings beat fails to impress investors; BABA’s Qwen AI will be integrated into AAPL Intelligence in China; BLK & MS beat on earnings; EIA crude stocks draw less than expected; BoC holds rates as expected.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Market Update: Yields vs geopolitical risk

Oil moving up (yields tick up) on reports of TARAB SOURCES REPORT THAT EXPLOSIONS WERE HEARD NEAR THE AMERICAN BASE IN SHEIKH ISA, BAHRAIN – FARS NEWS.

EURUSD                                    US500                                           XBRUSD

[Mtl JP]

“Inflation is a choice” is the central mantra of Kevin Warsh

Trump, Hegseth and other military leaders to announce major defense investments at summit fox

…The expected defense investments come as recent U.S. strikes in Iran have reduced American stocks of Tomahawk cruise missiles and Patriot and THAAD interceptors.

Also expected to attend are major industry leaders like JPMorgan CEO Jamie Dimon, Lockheed Martin CEO Jim Taiclet, General Dynamics CEO Phebe Novakovic, Boeing CEO Kelly Ortberg, SpaceX director Antonio Gracias and Palantir chief technology officer of analytics Shyam Sanka.

[GVI Forex 2]

US yields extrnd drcline… USD weakness spreading

[GVI Forex 2]

Market Update: GBP is a flavor of the day

EURGBP down, GBPUSD up, EURUSD lags.., Market having more trouble absorbing the GBP buy side

See earlier GBPUSD post

EURUSD                                   EURGBP                                      GBPUSD

[GVI Forex 2]

Market Update

US stocks failing to benefit from a drop in US yields after US500 bounced off 7582 and NAS100 off 29853

US500 dependent on 7539 holding to keep focus on the high.

NAS100 needs to hold 29K to keep focus from shifting to the low.

US500                                                               NAS100

[GVI Forex 2]

GBPUSD DAILY: Trying to breakout

Move above 1.3461 needs to hold for a breakout

Next resistance 1.3508 and then a void.

Note demand coming from crosses with EURGBP break of .8500  fueling buying (GBPJPY as well), offsets seeing EURUSD lag

[Mtl JP]

EurUSD 1.1439 – currently up against previous level that held it from going higher
puppy will likely need to get N of 1.1465 – 75 to pickup more uP energy

[GVI Forex 2]

US EQUITY OPEN: Indices open mixed as earnings continue and amid soft PPI

STOCK SPECIFICS:

• ASML (ASML): EPS & rev. beat w/ strong next Q top line guidance & raising FY outlookMS +1.2%: Impressive Q metrics w/ strong rev. breakdown
• PayPal (PYPL): Stripe & Advent submitted an offer to acquire Co. for $60.50/shr; closed Tues. at $47.37/shr; PayPal (PYPL) is said to be unwilling to engage with the offer from Stripe and Advent, Semafor reports citing sources.
• Pentair (PNR): CFO resigns w/ dismal prelim Q2 results
• Lionsgate (LION): Attracts takeover interest from Bollore & Banijay
• BlackRock (BLK): AUM, EPS & rev. surpassed St. exp.
• Elevance Health (ELV): Benefit expense ratio +80bps Y/Y, although top & bottom line w/ solid FY profit outlook
• PNC Financial (PNC): EPS, rev., & NIl topped
• Merck (MRK): Phase 3 Keytruda study met lioprimary endpoint of PFS
• Conagra Brands (CAG): Sees FY profit below estimates
• Travelers (TRV): Downgraded at Morgan Stanley to ‘Underweight’ from ‘Equal Weight’

Source: Try Newsquawk free for 7 days and see the full report

[ST London]

Why is Gbp in demand?

1. Politics (new PM)
2. Higher yield advantage

[GVI Forex 2]

Market Ipdate (Indices): Resistance tested

Post-PPI spikes tested, holding key resistance levelks

US500: 7582

NAS100: 29853

Now dependent on 7539 amd 29538 holding to keep momentum pointed up.

In any case, keeps a bid while above 7500 and 289K

US500                                                                 NAS100

[Mtl JP]

NO off-ramp > more >> more
–
U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming ‘forever war’
– cnbc
**
bs tactics, no strategy. incoherence

***
On deck:
10:00 Warsh Testifies
13:00 Cook yaks (on “econ outlook”)
14:00 Beige Book

[GVI Forex 2]

BoC keeps rates unchanged, as expected

Source: Try Newsquawk free for 7 days

[Mtl JP]

10-yr Yield 4.571% | 9:26 AM EDT

[GVI Forex 2]

USD following US yields (lower)

[GVI Forex 2]

Market Update: Post=PPI

Risk on reaction post-PPI although less intense than post-CPI. Oil in the background.

EURUSD                                 US500                                        XBRUSD

[GVI Forex 2]

US June PPI beat (softer).

Source: Try Newsquawk free for 7 days

[Adam Global]

Us500cash edging higher 📈 after finding support 📉📈 on 7,500.00

Maybe 7,600.00 could be tested

[Adam Global]

EURUSD 📉 still rejecting 1.14500 while every1 watchs 1.1400 for support 📈

[Adam Global]

GOLD 📉 dropping below 4055.00 after coreCPi manupilated GOLD buyers 📈🤣

Now everyone is aiming below 4000.00 & watching CorePPi today

[Adam Global]

Oil 🛢 📈📉📈📉 playing above $80/🛢

As the straight of hormuz is closed❌️❎️✖️

🇺🇲 said no more 20% fee but aims for more Gulf nations investment while

🇮🇷 still sells oil 🛢 despite sanctions

[Adam Global]

USDCAD is trying to stabilize near 1.4050 today, after experiencing a sizable 📉drop yesterday that led to the lowest level since mid-June, ahead of today’s BoC decision.

[GVI Forex 2]

Today’s Market Minute

Iran is now signaling it could play its most dangerous card yet: using Yemen’s Houthi allies to shut the Bab el-Mandeb gateway to the Red Sea, opening a new front against Washington and putting two of the world’s most vital energy arteries at risk.

Wall Street bank earnings powered ahead in the second quarter with a strong lift from fees for M&A advisory and surging trading revenue, but some banks warned about risks ahead to the economy and markets.

ASML, the world’s biggest supplier of computer ‌chip manufacturing equipment, raised its 2026 financial forecasts on Wednesday and will expand capacity after AI demand drove better-than-expected second-quarter earnings.

AI bulls and bears alike are doubling down on their convictions even as AI uncertainty rises, potentially setting the stage for a more volatile second half of the year, … full report on Reuters Today’s  Market Minute

[GVI Forex 2]

Newsquawk Daily US Opening News – 16th July 2026

• US struck Iran overnight, Trump said they will do so again on Wednesday night. Adding, they will hit power plants and bridges next week unless Iran negotiates.
• IRGC targeted weapons/storage in Bahrain and Kuwait, US positions in Jordan and the Fifth Fleet Command HQ. Iran said it is a mistake to think military action will force them to talk.
• ASML (+3.7%) reported Q2 earnings that beat estimates while raising its FY guidance above analyst expectations. Additionally, the Co. announced a partnership with Intel (INTC) for high-volume production of Intel 18A logic products using High NA EUV.
  US equity futures are firmer across the board, with NQ supported by ASML and SK Hynix upside overnight.
• DXY and Fixed Income rangebound ahead of a busy speaker slate.
• Crude benchmarks eke out mild gains, with another round of US strikes tonight.
• Looking ahead, highlights include US PPI (Jun), BoC Policy Announcement (Jul), Fed Beige Book (Jul), Speakers including Fed’s Williams, Musalem, Warsh & Cook, BoC Governor Macklem, BoE’s Pill, Earnings from United Airlines, Johnson & Johnson, Morgan Stanley, PNC Financial Services, BNY Mellon.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR: No man’s land

XAUUSD in no man’s land while it trades 4000-4100 with 4050 pivotal in setting its bias (trading softer below it).

Continue to keep an eye on US yields to see how close price correlates with it (yields ticking up today).

[GVI Forex 2]

Forex Market Snapshot

The USD is trading  mixed and off overnight lows with odd bedfellows, AUD, NZD and CHF mild outperformers. JPY is again underperforming, suggesting cross flows (e.g. AUDJPY, NZDJPY) are at play. EURUSD is back to unchanged after bounce failed to reach 1.1450 overnight. The hope may be that US PPI sees a replay of yesterday’;s cooler CPI and that  the Middle East cloud intensifies but does not burst.

 

[GVI Forex 2]

Market Update: Calm before the next storm?

While hostilties in the Middle East intensify, traders taking their cue from any reaction (or lack of) in oil markets. A lack of, more like choppy reaction so far has given US stocks cover to tick up, even as US bond yields tiock up as well.

EUTUSD                                     US500                                            XBRUSD

[GVI Forex 2]

COMING UP: Data: Chinese Activity Data (Jun), Swedish CPIF Final (Jun), Spanish CPI Final (Jun), EZ Industrial Production (May), US PPI (Jun).

Events: BoC Policy Announcement (Jul), Fed Beige Book (Jul).

Speakers: Fed’s Williams, Musalem, Warsh, Cook; BoC Governor Macklem; BoE’s Pill; ECB’s Nagel.

Supply: Australia, Germany.

Earnings: United Airlines, BlackRock, Elevance Health, Johnson & Johnson, Morgan Stanley, PNC Financial Services, Bank of New York Mellon, ASML.(newsquawk)

[GVI Forex 2]

Newsquawk US Market Wrap: Stocks and bonds bid as soft US CPI trims hawkish bets

SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up.

REAR VIEW: US CPI softer-than-expected; US blockade solely on Iran set to resume; Trump to replace 20% fee with trade and investment deals that the various Gulf States will make into the US; US-Iran strikes continue; Fed Chair Warsh testifies to House, maintains commitments on dual mandate & return to 2% inflation; Tankers near Oman hit by projectiles; China’s imports & exports beat in June; Strong US bank earnings, but see mixed market responses; IBM prelim Q2 metrics disappoint.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

MARKET UPDATE (Indices): CPI to the rescue

US500: Regained a bid back above 7500 but consolidating while below 7582. Just in case, below 7488 would indicate down momentum after a lower high.

NAS100: Keeps a bid while above 29K but consolidating as well while below a stubborn 29853 resistance. Just in case, below 29K would indicate down momentum after a lower high.

US500                                                                NAS100

[Author]

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