[GVI Forex 2]

Sector rotation is a theory of stock market trading patterns.

In this context, a sector is understood to mean a group of stocks representing companies in similar lines of business. The basic premise is that these stocks can be expected to perform similarly. Additionally, different groups of stocks which have been clustered according to the aforementioned principle will show differing performance.

Sector rotation theory says a number of things. First, whichever sector is hot (has done well recently) should continue to outperform. Second, these sectors will eventually rotate so that whatever was once out of favor will be in favor. Third, these movements are somewhat predictable, and connected with the business cycle…. Wikipedia

[GVI Forex 2]

Market Updatre

US stocks trading firmer (only Russsell is down) as last week’s rotations (into DJIA and away from tech) take a breather. Moves so far seeing limited follow trhrough (see charts) with geopolitical uncertainty and month/quarter end looming.

mODEST UPTICK in  yields and crude oil non-factors in equities so far.

US500                                    NAS100                                           US30
\

[GVI Forex 2]

US PRE-MARKET MOVERS: CMCSA, RKLB, IRDM, CHTR, SPCX, PLTR, MLM, AXON, DOCS
ES +0.7% NQ +1.0% RTY +0.2%

• CMCSA +22.4%: Plans to separate into two independent, publicly traded companies through a tax-free spinoff of its NBCUniversal and Sky assets
• SPCX +1.9%: To join the NDX before market open on 7th July=
• RKLB +8.8%: To acquire IRDM for USD 54/shr; IRDM +22.5%
• CHTR +23.5%: SPCX & CHTR have held executive-level talks about a consumer mobile phone partnership
• PLTR +4.0%: To deliver a sovereign AI platform with Nvidia to help the US government and critical infrastructure deploy AI
• MLM -2.6%: Agreed to combine with Lhoist North America in a $13.5B deal
• AXON +3.9%: US President Trump reportedly bought as much as $5M of AXON
• DOCS -4.4%: Downgraded at BofA to ‘Underperform’ from ‘Buy’

Source: Try Newsquawk free for 7 days

[Adam Global]

GBPUSD found support on 1.31500 next target is 1.32500 📈 maybe moving average will push GBPUSD down again 📉

[Adam Global]

EURUSD found support 📈 on 1.13500

Now we’re waiting to see 👀 if 1.1400 could hold for further gains 📈 or yet another resistance 📉

[Adam Global]

GOLD 💛 battling 4055.00 📉📈 as everyone is waiting for jolts job opening, ISM manufacturing & NFP for 💛GOLD💛 next move

[Adam Global]

ßitcoin still battling $60K

Everybody’s waiting for a clear breakout to buy 📈 or sell 📉

[Adam Global]

Oil 🛢 still hovering above $70/🛢

As TiT4TaT between 🇺🇸🆚️🇮🇷 over the weekend cools down

[GVI Forex 2]

The week ahead centers on the U.S. jobs report, global PMI surveys, and inflation data. Payroll growth is expected to slow to 114K while manufacturing remains in expansion. Markets will also watch whether easing Middle East supply disruptions improve business sentiment. (eCONODAY)

SEE DETAILED PPEVIEWS

[GVI Forex 2]

Market Update

EURUSD so far only able to pivot 1.14, US500 extending its intra-day high but faces resistrance, XTIUSD upside so far unable to follow through

4 HOUR CHARTS

EURUSD                                    US500                                     XTIUSD

]

[GVI Forex 2]

XAUUSD 4 HOUR

Hitting a wall at 4097 but to negate risk to upside following the bounce off the low, 3982 would need to be bbroken.

[Mtl JP]

Is or Not Hormuz open to maritime traffic ?

[GVI Forex 2]

Newsquawk Daily US Opening News – 29th June 2026

• Over the weekend, the US CENTCOM announced that it conducted strikes against multiple Iranian targets after Iran hit a Panama-flagged tanker. In response, Iran struck US military bases in Gulf nations.
• Thereafter, the US and Iran agreed to halt strikes and to resume meetings this week. The talks are reportedly to be held on Tuesday, with a focus on the Strait of Hormuz and the recent escalation. Crude futures off best levels, Brent +1.3%.
• South Korea announced a new USD 880bln AI and chip spending package, which includes huge investment from the likes of Samsung Electronics (005930 KS) and SK Hynix (000660 KS).
• US equity futures gain, with the NQ being supported by the South Korean chip investment and the introduction of SPCX into the index.
• DXY softer; G10s broadly firmer with outperformance in the Kiwi.
• Fixed income benchmarks choppy but ultimately slightly softer, with Gilts in focus as MP Burnham prepares a speech.
• ooking ahead, highlights include US Dallas Fed Manufacturing Index, Speakers including ECB’s Lagarde & UK MP Burnham.

Source: Try Newsquawk free for 7 days

[Mtl JP]

IS or NOT hormuz open to maritime traffic ?
MarineTraffic: Global Ship Tracking Intelligence

[GVI Forex 2]

ARe talks on or off? Who do you believe? Oil ticks up on uncertainty.

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

ForeX Market SNapshot

What caught m eye is not the dollar trading slightly weaker vs most majors but the JPY trading slightly softer (USDJPY firmer) and poised again just below 160, where the BoJ is presumed to be lurking.’

Otherwise, approaching month/quarter end and caution over Middle East talks where someone needs to blink for seemingly irreconcaiable differences to get resolved.

[ST London]

Kick the can till Tuesday

US and Iran agree to halt Hormuz attacks, will reportedly hold talks about strait in Qatar on Tuesday

[GVI Forex 2]

Stocks up, bond yields up slightly, gold down in early trading

US official says technical talks with Iran are slated to continue on all areas of the MoU, adds both sides will stand down for now and vessels can move freely (Newsquawk)

[GVI Forex 2]

… Wall Street is coming off a mixed week, characterized by a rotation out of tech and into other parts of the stock market.

The S&P 500 and Nasdaq Composite shed nearly 2% and 4.6%, respectively, with Nvidia and Alphabet losing more than 8% each. Meta Platforms, Apple and Amazon also dropped more than 4% each, while SpaceX tumbled 17%.

The Dow, which is less exposed to tech, bucked the negative trend with a 0.6% advance. Merck and Johnson & Johnson led the 30-stock benchmark higher last week, rising 13% and 11.5%, respectively.

“Investors seem to be experiencing AI Fatigue,” wrote Ed Yardeni, president of Yardeni Research. “They are questioning whether the hyperscalers’ massive spending on AI infrastructure will ever pay off. … They worry that new technologies will rapidly make current ones obsolete in a process known as ‘creative destruction.’”… truncated (CNBC)

[GVI Forex 2]

[MARKET UPDATE] US equity futures trade with mild gains (Emini S&P +0.4%), while oil prices are higher (WTI +1.2%) following US-Iran tit-fot-tat strikes over the weekend, although the sides have since agreed to halt strikes and meet for talks this week Source: Try Newsquawk free for 7 days

EURUSD                        US%00                                        XTIUSD

[GVI Forex 2]

No FX gaps… wait and see,,

[GVI Forex 2]

BTCUSD 4 HOUR

BTCUSD trading at neutral 60000 (60K) suggests a wait-and-see approach to rising US-Iran tensions

[GVI Forex 2]

More tit-for-tat or????

US launches fresh strikes on Iran as Trump warns US may be ‘forced to militarily complete the job’

CENTCOM says it hit 10 Iranian military targets ‘in and near the Strait of Hormuz’ after Iranian drone attack on Panama-flagged tanker * Kuwait, Bahrain hit with missiles, drones in retaliation (ToI)

[GVI Forex 2]

Newsquawk Week Ahead Highlights: June 29-July 3, 2026

Newsquawk Week In Focus: US NFP, US ISM Mfg PMI, EZ Flash CPI, and Swiss CPI

SEE DETAILED PREVIEWS

[GVI Forex 2]

Falling crude oil suggests a bet on either US-Iran ceasefire holding or tit-for-tat not leading to escalation.so surprise would be escalation.

4 HOUR charts

XTISUSD                                                 XBRUSD

[GVI Forex 2]

“Tit for tat” is an idiom that means an equivalent retaliation or revenge—repaying a negative or hostile action in kind. It describes a cycle of returning an insult or attack with a similar action, much like the phrase “an eye for an eye”.

[GVI Forex 2]

Tit for tat or more?

Iran says its strikes were response to US airstrikes

US says its attack was a response to Iran’s strike in strait

Each side says the other is violating interim ceasefire

Bahrain condemns Iranian drone attack on its territory

Israel, Lebanon sign peace agreement, Hezbollah not on board( Reuters)

[GVI Forex 2]

Newsquawk US Market Wrap: Tech rout continues into quarter/month end

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

REAR VIEW: Trump said Iran’s shooting at ship on Thursday is a foolish violation of the ceasefire agreement; UAE sends false missile warning alert; Trump remarked any country that imposes a Digital Services Tax will be hit with 100% tariffs; Oman reportedly warned European allies that they may need to pay ship fees to go through the Hormuz; Fed’s Kashkhari sees one rate hike in 2026, hold through 2027; Mixed UoM final revisions; OpenAI reportedly leaning towards delaying its IPO until 2027; US, Israel, and Lebanon sign trilateral framework agreement

COMING UP: Data:Japanese Retail Sales (May), Spanish Inflation Prelim. (Jun). Speakers: BoE’s Pill; ECB’s Lagarde.

Source: Try Newsquawk free for 7 days

 

[GVI Forex 2]

Market Update

Oil remains under pressure, US stocks well off overnight lows and cconsoliudating, USD off lows, as market remains cautious ahead of the weekend and next week’s month/quartert end.

EURUSD                                 US500                                      XTIUSD

[Mtl JP]

11:30 – kashkari on some ideas panel
–
Warsh reaches within the Fed for latest advisory appointments
– jeff cox

**********
euro 1.1393
looks as if 1.1450 +/- few pips is on the docket
as long as price N of 1.1325 holds

[Author]

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