- This topic has 27,648 replies, 54 voices, and was last updated 1 day, 4 hours ago by .
-
Forex Market Snapshot; Mixed bag
Mixed bag for the UYSD after opening gaps saw only limited follow through.
EUR and NZD are outperforming while the JPY (USDJPY back to pivoting 162) amd AUD (note weaker AUDNZD) are underperforming.
CAD is also up on the day, helped by firmer oil and Friday’s break of a 12-day pivot around 1.,42, although so far with limited follow through.
Eyes should remain on geopolitics and headlines, with the reaction more than the news itself giving the clues.
Newsquawk Week Ahead Highlights – 13-17th July 20265
Newsquawk Week In Focus – (13-17th July 2026) Highlights include: US Inflation and Retail Sales, Fed Chair Warsh Testimony, BoC, China Activity Data, and UK GDP
Trading is Like a Puzzle
Trading is like a puzzle and when the pieces fit together, price action will make sense to you, and you will know how to react to what you see on charts and headline news.
Traders have different puzzles as they have different approaches. For me, this caught my eye on Friday and why I posted it a few times. It explained why the latest exchange of attacks between Iran and the U.S. have been largely ignored with a greater reaction to any headlines that the two sides would continue talking.
It was a missing piece to my puzzle that I will keep an eye on in case hostilties escalete.
Markets’ response to the latest attacks has been relatively calm, however, suggesting investors have seen this movie before and believe the ultimate result will be a return to talks – not all-out war
Market Update: Headline whipsaw
Following this latest one…
A source with knowledge said another round of negotiations between the US and Iran is expected next week, possibly in Switzerland, reports Axios ;”>Source: Try Newsquawk free for 7 days
From an earlier post: Markets’ response to the latest attacks has been relatively calm, however, suggesting investors have seen this movie before and believe the ultimate result will be a return to talks – not all-out war
EURUSD US500 XTIUSD
Oil popped with on this headline with risk taking a sharp but so far brief hit elsewhere
US President Trump says Iran has asked us to continue “talks.” We have agreed to do so, but the United States has stated to them, in no uncertain terms, that the Cease Fire is OVER!
Market Update: US stock bulls trying to take control
US500 7 day pivot likely to be broken and bulls still need to firmly regain to be in control, Beyond 7552 only resistance ahead of the 7624 record high is 7583.
NAS100 keeping its bid above 29K but still needs to regain 29852 and 30K to confirm bulls are back in control
US500 NAS100
USDJPY 4 HOUR: Better than verbal intervention
Fin Min Katayama’s encouragement for pension funds to invest in Japanese assets was better than verbal intervention as it sent USDJPY tumbling.
If I was the BoJ I would try to keep USDJPY below 162 or risk a backfire if there is no follow through.
In any case, the move down has paused just above key 161.25 support (low 161.28), which blocks putting 160 on the radar.
On the upside, if there is to be teeth to a shift in portfolio flows, then there should be a sell on blips bias as long as 162 holds on top.
All subject to geopolitics, price of oil and US bond yields.
- You must be logged in to reply to this topic.