[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

[GVI Forex 2]

XAUYUSD 4 HOUR

Similar to others, post-CPI reaction so far seeing limited follow through.

In this case backing off after stops run above 4080.

If this leaves it in a 4000-4100 range, then 4050 will set the intra-day bias.

[GVI Forex 2]

Forex market Snapshot

US yields coming off post-CPI lows has given the uSD some support although it remains down on the day.

Outperformers:: NZD, AUD, CAD, CHF

NZDUSD is firming primarily due to a combination of a hawkish Reserve Bank of New Zealand (RBNZ) rate-hiking cycle and recent positive domestic economic data.

Underperformer JPY

Tells you where the cross flows are going

[Mtl JP]

historically japanese money managers repatriate when TSHTF 

[GVI Forex 2]

BTCUSD DAILY: Trying for a breakout?

Bounce from 61000+ needs to firmly take out 65543 to fully negate the downside risk and build momentum to the upside.

Otherwise, range is still 61-65K

[Mtl JP]

DJ ‘s decided

market decided: tks prez T !

[GVI Forex 2]

Market Update: Geopolitics vs. tyame CPI

[MARKET UPDATE] Oil gradually pares earlier downside amid reports of explosions in Qeshm Island and attacks on American targets in Kuwait (Newsquawk)

EURUSD                                 US500                                          XTIUSD

[Mtl JP]

lies n more lies

Oil gives up gain after Trump abandons 20% fee on Strait of Hormuz traffic
– cnbc

[GVI Forex 2]

Oil dips, risk gets a lift

US President Trump says “Oil is flowing like never before… Strait of Hormuz is open to ALL Ship traffic except for Iran — and that is because of their lying, violent, malicious leadership, which is taking them down the path of TOTAL DESTRUCTION”

…”We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo.”
Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States…..

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

US EQUITY OPEN: Stocks in the green after soft CPI but IBM hits Dow

OPEN: Stocks have opened mixed on Tuesday, with the Nasdaq outperforming as memory names rebound after Monday’s sharp sell-off, helping the index recoup some of yesterday’s underperformance. The Dow is the only major index in the red, weighed down by IBM (IBM) after its preliminary Q2 results disappointed expectations. The update is also pressuring the broader software sector, with the Software ETF (IGV) opening lower by around 2%, although it has recovered and now in the green. … full report on Newsquawk.com

[Mtl JP]

warsh yaks at top of the hour 

[GVI Forex 2]

Market Update: Indices spike post-CPI

Indices getting a reprieve from cool core CPI but spikes higher so far not following through.

To break the current ranges, US500 needs 7582+ and/or NAS100 29853+

Otherwise, dependent on 7500 and 29K holding to keep a bid and contain the downside.

US500                                                                   NA100

[GVI Forex 2]

EURUSD DAILY: Key levels post-CPI

• 1.1462 tested
• 1.1473 = resistance + 50% of 1.1622 => 1.1324
• 1.1508 = 61.8%
• 1.1450 again pivotal in setting ther intra-day tone

Should be support on dips while above 1.1400-20 but needs a solid 1.1450+ to signal higher

[Author]

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