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EURUSD DAILY: No nail in the coffin yet?
Trend: Up
Momentum: UP
While momentum has turned up, to put a final nail in the downside risk 1.1622 would need to be broken. High so far 1.1613 so damage not yet totally fatal.
Needs to hold 1,1580-85 to keep the focus on 1.16+ with support as long as it trades above 1.1562.
XBRUSD 1 HOUR (CFD): Watch $90
No matter what type of price feed you use, $90 will be pivotal depending on whether it eventiually become support or resistrance.
Currently, there is a disconnect with a choppy oil market but $90 bears watching.
From Newsquawk.com
[MARKET UPDATE] Crude futures see modest upticks despite a lack of fresh drivers, with focus on the US-Iran MoU expiry; Brent Oct’26 now above USD 89.50/bbl vs USD 88.01/bbl low
In our bloig
A very timely article in today’s market
Fundamental Analysis vs Technical Analysis: A Third Approach to Forex Trading
In our blog
Newsquawk Week Ahead In Focus – 17th-21st August 2026
Newsquawk Week In Focus – 17th-21st August 2026: FOMC Minutes, Global Flash PMIs, UK Jobs, Inflation from Japan, Canada and UK
COMING UP: Data: Japanese GDP Prelim (Q2), Chinese Activity Data (Jul), Canadian Inflation (Jul).
Speakers: ECB’s Lane.
Newsquawk US Market Wrap: Dollar sold after weak Retail Sales and UoM but yields rise
SNAPSHOT: Equities lower, Treasuries down, Crude up, Dollar down, Gold up
(Right click on any image (or chart) to open a full screen in a new tab)
XAUUSD 1 HOUR – Bounce did not go far enough
Trend: UP Momentum: Up but slowing?
Bounce from around 4313 support (low 4311) did not go far enough to restore a bid targeting the 4450 high. This leaves it consolidating within a 4300-4400 range where a move above 4402 would be needed to put bulls back in control.
USDJPY 1 HOUR – Yields confound
Trend: Down Momentum: Stalled?
Bounce in US yields despite weaker US data confounding the bears and has lifted USDJPY. USDJPY bounce from a pause above 158.57 would need to establish above 159.50 to put 160 and a BoJ alert in play.
Elsewhere EURUSD failed to hold a break of 1.1581 and GBPUSD failed to hold its 1.3550 break.
US500 (SP500) 4 HOUR: At the mercy of a summer Friday
Trend: Major Up
Momentum: UP
At the mercy of summer Friday end to the week trading with some disappointment 7800+ was not sustained.
To keep the focus on 7800, the 1 hour trendline, 7777 and/or former triple top at 7773 need to hold.
7757 needs to hold below it to keep current momentum pointed up and avoid a squeeze on longs.
U of M Consumer Sentiment headline miss (weaker), consumer expectations fall sharply but 1 year inflation expections tick up
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