[Mtl JP]

An inflation report Wednesday should be a big deal for the Fed. Here’s what to expect – By Jeff Cox

The consumer price index is expected to show only a modest increase for July.

… The consumer price index, due at 8:30 a.m. ET from the Bureau of Labor Statistics, is expected to show only a modest increase for July — 0.1% on the all-items headline number and 0.2% for the all-important core reading that excludes volatile food and energy prices, according to the Dow Jones consensus. On an annual basis, they are expected to show 3.4% and 2.5% respectively, both down 0.1 percentage point from June. …/.

[GVI Forex 2]

 

COMING UP: Data: German/Italian Inflation Final (Jul), US Inflation (Jul).

Events: IEA OMR, OPEC MOMR. Supply: Australia, Japan, UK, Germany, US.

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[GVI Forex 2]

US MARKET WRAP: Stocks chop ahead of CPI; oil gains on lack of US-Iran progress

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

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[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR  Glass half empty or half filled?

Trend  Short-Term up

Momentum: Consolidating ahead of US CPI

Glass half full: Maintaining a bid while above 29K that keeps 30K on the radar.

Glass half empty: Failure so far to not only test 30K but not confirm other indices with a new record high (30776).

[GVI Forex 2]

US500 (SP500) 4 HOUR:  Taking a breather or out of steam?

Trend: Major Up

Momentum: Consolidating

How markets close Wednesday, more than the initial reaction to US July CPI, will give a clue whether this is still consolidation, a retracement or time for a fresh push higher.

Taking a broad look shows wide range at 7600-7800 with 7700 as the bias setting midpoint.

If above 7700, then keeps a bid in consolidation.

If below 7700, then retracement.

If above 7800, then no longer a breather and a new record high.

[GVI Forex 2]

XAUUSD 4 HOUR –4400+ so far proving tough

Trend: Up

Momentum: UP

2 times testing 4400+, second time with a lower high (4404) bit would need to move below 4313 to break current momentum, currently blocked by 4356.

Otherwise, risk stays on upside but only a move through 4435 would break fresh ground

 

[GVI Forex 2]

Key event risk: US CPI (Wed)

See detailed preview

 

 

[GVI Forex 2]

Market Update:Headline roulette

Seeing some minor ripple effects from a blip in oil following the latest geopolitical headline from an Iranian official (see prior post)

[GVI Forex 2]

,The dilemma for traders is that Iranian officials are not speaking with one voice (i.e. who is in charge?), even when they repeat the party line. The reaction (or lack of) in markets tells more than the news itself.

Seeing a modest reaction to this headline.

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[GVI Forex 2]

EURUSD 4 HOUR – How about a breakout?

Here’s a chart that needs a breakout with levels on both sides within a 1.1500-80 range.

While 1.1540 is its midpoint, 1.1550 is more significant, either as a magnet or bias setting level.

[GVI Forex 2]

US500 (SP500) 4 HOUR:  Continues to take a breather

Trend: Major Up

Momentum: Consolidating

This chart sums it up: keeping a bid while above 7700 but in a narrowing range that would need 7800+ for a breakout.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOIUR : New day, same wide range

Trend  Short-Term up

Momentum: Consolidating in a narrowing range

Narrowing range within 29-30K seems too tight to last but while it does, upside contained unless 30K+ while downside finds a bid as long as it stays above 29K.

[Mtl JP]

glimmer of hope’s … half-life:

on the move (to the on the road again tune)

[Mtl JP]

Pentagon races to buy 10X more missiles as Iran war dwindles arsenal, threatens readiness for China aggression – foxnews

news alright… news to who ?
not to the 1 or 2% of murricans :
Lockheed Martin Corporation, NYSE:LMT $603.05 USD, +15.09 (+2.57%) in just one day

[Adam Global]

GBPUSD continues to hold above all key moving averages after breakiną above a medium-term trendline and reclaiming the 1.3500 area. However, the rally is encountering resistance 📉near one-month highs, with upside📈 momentum showing early signs of easing

[Adam Global]

BTCUSD has spent more than a month trading in the upper part of its current consolidation📈📉📈📉 range. However repeated failures near 65,300 have capped upside momentum,

[Adam Global]

AUDUSD is easing 📉despite the RBA’s hawkish hold, but price action appears to have found support at the 20- period SMA and is stabilising near 0.7050.

[Adam Global]

EURJPY picked up steam📈 towards its 200-day SMA at 183.90, suggesting the bulls📈 haven’t left the scene despite the sharp post- intervention📉 drop to an eight-month Iow of 179.35. However, buying conviction has yet to fully return

[Adam Global]

Gold 💛 found support 📈 above 4355.00 yesterday

Then I decided to buy 📈 & aim for 4440.00

But went out earlier

[Adam Global]

Oil 🛢 📉 hit some resistance below $85/🛢 as tension in the middle east seems to up & down

[GVI Forex 2]

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.

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[GVI Forex 2]

Newsquawk Daily US Opening News – 11th August 2026

(Right click on any image (or chart) to open a full screen in a new tab)

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[GVI Forex 2]

CME FedWatch

Odds have swing back to slightly over 50/50 (52/47) in favor of a Sept Fed rate hike.

[GVI Forex 2]

Market Update (4 hour charts): Weight on markets?

See how long US stocks can hold off the weight of firmer oil/firmer US yields as markets take a cautious response so far to the combination, perhaps waiting fpr tomorrow’s US CPI report.

[GVI Forex 2]

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.

[Mtl JP]

heading into “iran session” (I just invented it)
–
US 10-YR 4.705% +0.007 / LAST | 7:30:08 PM EDT

[GVI Forex 2]

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.

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[GVI Forex 2]

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.

1. (Right click on any image (or chart) to open a full screen in a new tab)

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[Mtl JP]

bessent + takaichi + yamada + ueda = abject failures

[GVI Forex 2]

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.

 

[Author]

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