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COMING UP: Data: South Korean GDP (Q2), Australian Jobs Report (Jun), Canadian Retail Sales (May), US Initial Jobless Claims (Jul/18), Chicago Fed National Activity Index (Jun), EU Consumer Confidence Flash (Jul).
Events: CBRT Policy Announcement (Jul), ECB Policy Announcement (Jul), SARB Policy Announcement (Jul). Speakers: ECB President Lagarde. Supply: UK, US.
Earnings: Intel, Blackstone, Lockheed Martin, RTX, TotalEnergies, BNP Paribas, STMicroelectronics, Thales, SAP, Roche, Nokia, Repsol (Newsquawk.com)
Market Update: XAUUSD vs. BTCUSD
XAUUSD taking the lead (4 green up candles in a row) with the move above 4138 needing to hold to expose 4180 and the key 4202-20 zone above it. Anything other than 4200+ would disappoint and maintain the current rsnge.
If not, then fallback support is at 4080-00 with the key 4044 level below it.
BTCUSD (consolidating): Keeping a bid while above 65534 (use 65K as a fallback) but upside would need to take out 67212 (and 68K) for momentum to accelerate. Anything other than a break if 67222 would be considered a disappointment.
If not, then dependent on 63684 to maintain current risk and keep the downside in check.
XAUUSD BTCUSD
Market Update:
One characteristic of today’;s trading has been a lack of follow through, most notably in crude oil after extending highs earlier.US stocks tryig to buck that trend with US500 trading back above 7500 (and NAS100 above 29K), perhaps getting some support ahead of the earnings delkuge later on.
EURUSD US500 XBRUSD
Market Update: Indices
US stocks likely in a holding pattern awaiting a slew of key earnings reports lster today.
Meanwhile, the battle to regain US7500 and NAS100 29k continues with a failure to hold above each cooling the upside, leaving both consolidating.
US500 needs to hold 7466 to avoid down momentum taking over. Same for NAS100 28515.
US500 NAS100
Only a modest reaction to these threats but would signal an escalation
From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, whether it be by Missile, Rocket, Drone, or any other device or weapon, the United States will bomb and destroy ONE BRIDGE OR POWER PLANT, including those located next to, or in, the Capital City of Tehran. Thank you for your attention to this matter! President DONALD J. TRUMP
Source: Newsquawk – Truth Social
US PRE-MARKET MOVERS: SMCI, CB, EQNR, TEL, GEV, T, PHM, PM, OKLO/XE
ES -0.4% NQ -0.9% RTY -0.4%
- SMCI +15.5%: Stellar Q4 prelim GM figure
- CB -2.5%: Net premiums written missed
- EQNR +4.5%: Q2 EBT rose, supported by higher oil & gas prices linked to Middle East supply disruptions
- TEL -6.5%: Strong Q metrics & said it will power purchase Astrodyne TDI for $1.4bln
- GEV -6.5%: Profit light; Lifted FY26 rev. guidance, but left EBITDA unch.
- T +4%: Postpaid phone net adds. topped exp.
- PHM +2.2%: Top & bottom line surpassed Wall St. exp.
- PM -1%: FY EPS view light
- OKLO +2% XE +3%: Cos. joining an effort by Trump’s admin to speed up nuclear power plant development for AI data centers
Source: Try Newsquawk free for 7 days
be alert and quick !
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