[Adam Global]

USDJPY remains supported despite failing to fully recover from last week’s pullback from a fresh 40- vear high at 162.82. The pair continues to hold above its 20-day SMA, keeping the door open for another move higher probably toward the 163.00-163.40

[GVI Forex 2]

Oil spikes up with ripple effects elsewhere (US up, yields tick up, stocks dip)

US500 dips below 7500, extendng the pattern around this level to 6 days in a row.

UKMTO says it has received a report of another incident involving a tanker in the Strait of Hormuz; tanker was struck by an unknown aerial vehicle, and vessel is continuing to its next port of call

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[GVI Forex 2]

Market Update: Stocks

US500 so far breaking a 5-day pivot around 7500, normally a bullish sign but upside contained while below 7550-52.

NAS100 the underperformer , weighed down by tech although still in its 29-30K range. The level that bulls do not want to see broken is 28890.

[GVI Forex 2]

Market Update (FX: 1 Hour)

Bounce in EURGBP would need to regain.8547-50 to ease pressure on the downside.

Tug-uf-war between EURUSD and GBPUSD so far a stalemate,

EURUSD                              EURGBP                                       GBPUSD

[ST London]

UsdJpy lower high and while it trades below 162 puts Boj in control if it chooses to intervene.

[GVI Forex 2]

EUR took a brief hit on this headline news

France’s Le Pen has been found guilty of embezzlement by the Paris court; Rules Le Pen ineligible to hold public office for 45 months, 30 suspended.

Faces EUR 100k fine, three years in Prison with two suspended and one wearing electronic tag.

Newswires framing: Le Pen cleared to run in 2027 French Presidential Race.

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[GVI Forex 2]

US PRE-MARKET MOVERS: Samsung Electronics, NVDA/DeepSeek, FISV, RIVN, CRNX, FSLR

ES -0.2% NQ -1.1% RTY +0.4%

• Samsung Electronics shares fell overnight after it announced prelim. Q2 figures; SMH -3.2% SOXX -4%
• NVDA -2.2%: DeepSeek developing its own AI chip & would be used for inference, not for training AI models
• FISV +5.5%: JPM, BAC & other large banks held prelim. talks to acquire a Fiserv debit-card network
• RIVN -10%: Filed to sell 75mln shares of common stock, although provided strong next Q rev. outlook
• CRNX +100%: To be acquired by VRTX for $85/shr in cash; CRNX closed Mon. at $42.03/shr
• FSLR +3.3%: Upgraded at Deutsche Bank

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[GVI Forex 2]

Adam, I show the GBPUSD 200 day mva at 1.3398

[Adam Global]

GOLD 💛 breaking below 4155.00 as more seller gain momentum

For now everyone is waiting for FED meeting minutes 2mrw to get clearance on Federal rates hikes

[Adam Global]

EURUSD still rejecting 1.14500 and supporting above 1.1400

More bullish is expected if 1.14500 could be the new support

[Adam Global]

GBPUSD broke decisively above its 200-SMA, climbing to just below 1.3400, its highest level in three weeks, after completing a bullish flag pattern. While the breakout reinforces the bullish outlook, a short-term pullback could offer fresh buying opportunities at lower levels

[Adam Global]

EURJPY has been range- trading inside the 183.30-186.30 area since early June.

[GVI Forex 2]

XAUUSD 1 HOUR

Failure to regain 4200-20 (Monday high 4202) has put XAUUSD back on the defensive but downside contained while above 4100.

Using 4100-4200 as a range suggests 4150 is pivotal in setting the intra-day tone.

On the upside, would need to break the trendline and regain 4168+ to shift the risk from 4100 and back to 4200.

[GVI Forex 2]

Newsquawk Daily US Opening News – 7th July 2026

• Iran’s IRGC fired at least two missiles at ships in the Strait of Hormuz, Axios reported, citing a US official. It was separately reported that one was a Qatari LNG tanker. Brent Sept’26 +1.2%.
• Fars reported that the Qatari tanker attempted to pass through the Omani route and ignored repeated warnings.
• Iranian Foreign Minister Araghchi said negotiations on a final deal will not commence if threats continue.
• Global tech stocks fall after Samsung Electronics (-6.9%) shares plummeted post-earnings; NQ -1%.
• DXY is incrementally firmer, JPY marginally outperforms after a Japanese official pushed back on reports that the government is urging the BoJ to lower interest rates.
• Looking ahead, highlights include US ADP Employment Change Weekly, Trade Balance (May), New York Fed SCE (Jun), Atlanta Fed GDP (Q2), Canadian Trade Balance (May), Ivey PMI (Jun), EIA STEO (Jul), NATO Ankara Summit. Supply from the US. Speakers include BoE’s Mann.

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[GVI Forex 2]

GBPUSD DAILY

Momentum up: 9 green candles since the 1.3140 low so keep an eye on this pattern today.

Keeps a bid while above 1.3328, stronger if 1.3350 holds as support. So far, 1.3400 has capped the upside. Next key resistance 1.3461.

Keep an eye on GBP crosses, the current driver of GBPUSD demand (e.g. extending highs vs CHF and EUR)

[GVI Forex 2]

Market Update: mIXED BAG

EURUSD trading about midway between 1.1400-50, US stocks mixed as chips weigh, US500 so far holding above 7500, which would break a 5 day pivot around this level (bullish) but upside contained while below 7550, US bond yields up as crude oil ticks higher. Bottom lime, a mixed bag with limited follow through so far.

EURUSD                                      US500                                         XBRUSD

[GVI Forex 2]

Forex Martket Snapshot

The dollar is trading mixed to slightly firmer with odd bedfellows, GBP and JPY firmer on various crosses while off earlier highs vs. the USDas markets look for the next catalyst.

.

[ST London]

South Korea’s Samsung Electronics (005930.KS) came out with a bang, ​forecasting an eye-popping 19-fold jump in second-quarter operating profit from ‌a year earlier and topping its combined earnings over the past three years.

Yet investors still found reason to flinch: Samsung shares shed more than 8%, while ​South Korea’s benchmark index dropped 6.7%, as traders questioned whether the ​AI demand fuelling those bumper earnings can keep delivering. Taking ⁠cues from South Korea, MSCI’s broadest index of Asia-Pacific shares ​outside Japan (.MISX00000PUS) lost 1.7%….Reuters

[GVI Forex 2]

Newsquawk Week Ahead Highlights – 6th – 10th July 2026

Newsquawk Week In Focus – 6th – 10th July 2026: Highlights include FOMC Minutes, US ISM Services PMI, RBNZ, OPEC+, ECB Minutes and Chinese Inflation

See detailed previews

[GVI Forex 2]

Newsquawk US Market Wrap – 6th July 2026: Tech leads gains ahead of Samsung prelim numbers

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

REAR VIEW: Mixed ISM Services PMI; Headline missed but Prices fell & Employment rose; Waller said forward guidance can be a ‘valuable tool’, but also sometimes best to avoid it; NVDA said “our roadmap is intact” in response to delay report; AVGO to develop & supply a range of custom ASIC silicon products for AAPL; Trump praised DELL; OPEC lifts output for August as expected

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[GVI Forex 2]

Market Update

Risk on start to the week with US500 seemingly set to break a 6 day pivot around 7500 tomorrow (bullish) but to build momentum, 7550+ is needed (high 7542 following the break of 7548)

NAS100 rebound still requires a firm mnove above 30K (and 30065 on this CFD chart) to fully negate the downside risk and put bulls back in control.

US500                                                                 NAS100

[Mtl JP]

Out earlier today
–
Ukrainian drones strike Russia’s largest oil refinery

Omsk oil refinery, hit by Ukrainian drones, is located in Siberia, more than 2,500 km from the front line.
… “The Gazprom-owned oil refinery, located in Siberia, more than 2,500 kilometers away from the front line, processes more than 22 million tons of oil per year — around 10 percent of the total oil refined in Russia.” …

***
there is no way the ukrainian could have achieved it on his own ressources
says me

[GVI Forex 2]

XAUUSD (GOLD) 4 HOUR

Consolidating within 4100-4200 after a brief test above (high 4202) paused shy of key 4220 resistance.

Bulls want to take back control but stymied unless 4200-20 is decisively broken.

[GVI Forex 2]

Market Update

Risk on start to the week: EURUSD bouncing from above 1.14 but following a firmer GBPUSD with a kag

US500 making a bid to break 5 days around 7500 (if it stays above it tomorrow, which would be bullish

Crude oil a non-factor

EURUSD                                  YS499                                            XBEUSD

[Mtl JP]

USDJPY 162.33, 162.835 recent high
as I look at the econ calendar
–
later this NY evening:
19:30 – Average Cash Earnings YoY, Real Cash Earnings YoY and Household Spending YoY
data things that apparently matter to ueda & most of his gang at BoJ

[Mtl JP]

probably not for the 5 min trading crowd
–
waller, schnabel wunsch now yakking in rome

[GVI Forex 2]

Market Update: US500 AND NAS100

US500: Trying to builD upward momentum after extending trade around 7500 to 5 days in a row. To build it, 7540-50 needs to be FIRMLY taken out.

NAS100: Leading a bounce in stocks but needs to hold 29554 and then break 30065 to negate the downside risk and shift control back to the bulls.

US500                                                                     NAS100

[Mtl JP]

Never Sell
–
Strategy Announces Digital Credit Capital Framework, USD Reserve Policy, STRC Dividend Policy, Digital Credit and MSTR Repurchase Authorizations, and BTC Monetization Program

[GVI Forex 2]

ISM Services PMI: Slight miss, prices slip, empoyment ip

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[Mtl JP]

FAILED Japan’s FX yen intervention

is a market embracement of “bold” and “decisive action” katayama at least

 

On June 21-22, Katayama held online discussions with US Treasury Secretary Scott Bessent. The two reportedly agreed on the need for “bold” intervention if circumstances demand it.

What this means is that the carry trade is still alive as significant driver of global risk appetite.

Practically japan’s authorities have blown good part players’ respect they have had until now as players have successfully called the bluff (N of 162)

IF “they” are truly concerned with yen’s weakness in japan, they will very likely now have to liberate and deploy a much more massive n aggressive ressource to push and keep the puppy S of 160

[Author]

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