Oil dips, yields dip, stocks blip, USD dips, GOLD blips on this headline as markets hang on to any glimmer of hope but a skeptic says seeing is believing.

Newsquawk Daily US Opening News – 11th August 2026
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Forex Market Snapshot
The dollar is trading firmer as oil prices and bond yields both rose further overnight.
MOves, however, have been modest despite hopes for the STrait reopening fading and the fallout from the weasker NFP report dissip[ated.
EURUSD is bac trading just below the 1.1540 midpoint of its 1.1500-80 rnage, USDJPY is holding 159+ but wary of a BoJK ambush anmd GBPUSD is pivioting 1.35 afdter trying for a mini breakouit yesterday.


COMING UP: Data: Australian NAB Business Confidence (Jul), US ADP Employment Change Weekly, Existing Home Sales (Jul).
Events: RBA Policy Announcement (Aug).
Speakers: RBA’s Bullock. Supply: Germany, US. Earnings: Supermicro, CoreWeave.
Newsquawk US Market Wrap: Oil rallies amid ongoing geopolitical risk, seeing yields move higher
SNAPSHOT: Equities down, Treasuries down, Crude up, Dollar up, Gold up.

US500 (SP500) 4 HOUR: Taking a breather or out of steam
Trend: Major Up
Momentum: Consolidating
Barring a sharp fall, the 4-hour trendline seems destined to be broken with sideways trading.
As noted, currently consolidating with a bid while above the midpoint (i.e. 7700) of a 7600-7800 range. Below 7700 would suggest a move out of steam.

Market Update: XAUUSD vs. BTCUSD
XAUUSD hanging in with a bid and so far disconnecting from the uptick in US yields. Watch recent high 4372, key level 4382 as firmly above it would open a void to 4500+. Sub-4311 would cool the risk.
BTCUSD: Long down candle should shake bulls, who do not want to see 62K broken after failing to hold above 65K

Market Update: OIl up, no big ripple effects
USDCAD back below 1.3950 (holding above 1.3925, next target still 1.3900) as it follows firmer crude oil. Forex trading mixed despite higher bond yields, JPY remains the underperformer, firmer GBP outperforms, EURUSD unable to shake a focus from 1.1550
US stocks on sidelines holding a bid but consolidating.
Caught my eye: Oil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983

mixed signals . really ?
U.S. oil price hits $80 as doubt grows Washington and Tehran will reach Strait of Hormuz deal
poor analysis By Spencer Kimball, Justina Lee – cnbc
nobody is negotiating anything sitting around some table and tea and biscuits
Prez T may come around to some rational (currently a very low low odds) decision when oil will prance in the 100-120-150 dlr/bbl price level
GBPUSD 4 HOUR: Battle for 1.35
Trend up
Momentum UP but trying for more
To make this more than a bounce within the range, 1.3509 followed by a break of 1.3550 would be needed.
Otherwise, still just a swing within a 1.3400-1.3500/10 range where 1.3434 needs to hold to keep the downside limited.
Note firmer GBP crosses (e.g. vs. JPY and EUR giving GBPUSD support)

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