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💵 The US Dollar falls considerably for a second day as markets increasingly price in a Fed pause. The US Dollar Index is testing key support near 99.25. 📉 The US Dollar is the worst performing index of the day followed by the Canadian Dollar. However, traders voice caution due to the Middle East Tensions keeping oil prices high. 🛢 Over the weekend, Israel has attacked Iran’s proxy in Lebanon and Trump will soon confirm the “economic plan” for Iran. Oil prices are witnessing both up and down price movement this morning but with an upward tilt. 🥇 Low producer inflation and retail sales figures push Gold higher and the Dollar struggles to find bullish momentum. All metals trade higher with Silver and Platinum witnessing the highest uptrend. 📈 The VIX and Put-Call ratio trades lower indicating a risk-on appetite for the time being. As a result, all indices trade higher with the NIKKEI 225 and NASDAQ witnessing the strongest trend. 🛒 This week, the main earnings report release will come from Walmart (Thursday), which is the 12th most influential stock for the NASDAQ. Walmart stocks rose 3.90% over the past week. 🇯🇵 Japan’s 10-year government bond yield climbed to around 2.93%, its highest level in roughly 30 years, as markets increased bets on a Bank of Japan rate hike while concerns over government spending and fiscal deficits added further upward pressure on yields. 💱 The best performing currencies of the day are Australian Dollar, New Zealand Dollar and Swiss Franc. Full Article ➡️ https://www.hfm.com/int/en/analysis/weak-dollar-triggers-new-trends-risks-remain

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📉 July’s Producer Price Index showed no monthly increase, below analysts’ expectations of 0.2%. This helped reduce concerns over further interest rate hikes and strengthened hopes for a more accommodative Federal Reserve. 📊 Producer inflation fell from 5.5% to 4.7%, marking the third consecutive monthly decline. Core PPI also came in below expectations at 0.2% vs 0.3%, providing another positive signal for markets. Analysts advise that the PPI turned out to be significantly more useful to traders than the CPI. 💰 Earnings are strong, but expectations are extremely high: Cisco delivered strong revenue, EPS, and order growth, while Applied Materials also beat earnings and revenue expectations. However, both stocks sold off because investors are demanding exceptionally strong results and guidance, particularly given concerns about the scale and returns of AI spending. 📈 The NASDAQ technical picture remains constructive: the Nasdaq gained more than 1.3% following the PPI release, is trading above key moving averages across most timeframes, and has not yet reached overbought conditions. The declining VIX also suggests investor sentiment remains supportive. 📉 US weekly unemployment claims rose to a five-week high and came in higher than market expectations, further weakening expectations of a strong NFP report for August. 🇺🇸 US plans tougher economic pressure on Iran: Treasury Secretary Scott Bessent said the US will unveil unprecedented economic measures designed to isolate Iran further, potentially increasing sanctions and financial pressure. Check out the full article HERE 👉 https://www.hfm.com/int/en/analysis/ppi-stocks-trend-nasdaq

📊 US inflation fell to 3.4% as expected. However, the modest decline has done little to ease concerns over persistently high inflation. US core inflation also fell from 2.6% to 2.5%. 📉 Due to the inflation rate decline and weak employment data, the possibility of a September rate hike has fallen to 34%. This is considerably lower than in previous weeks. However, the possibility of a rate hike later in the year has not faded. 💵 The US Dollar is emerging as the clear winner due to geopolitical tensions. The currency is reaching a two-week high as strong demand continues to pressure Gold and other metals. The US Dollar Index is only a few points away from reaching its psychological price of 100.00. 🇺🇸 According to President Trump, the US is changing its tactics to bring Iran to the negotiation table. The US will now increase economic pressure on Iran rather than take military action. The renewed focus on economic measures highlights the ongoing uncertainty surrounding Iran’s position and is also supporting the Dollar. 🇯🇵 The Japanese Yen is the day’s best-performing currency as markets price in a more hawkish stance from Japan’s government. 📈 USD/JPY is forming an ascending triangle, suggesting that bearish momentum is not maintaining its strength but is not yet confirming a bullish breakout. 🏦 Earlier BOJ rate hikes could support the Yen, but analysts advise without two rate hikes in 2026, the Yen will remain weak. 📉 Cisco stock fell 4.00% after the market close despite beating earnings and revenue expectations. After rising more than 62% this year, the positive report was not ‘good enough’ to avoid profit-taking. Cisco is the 15th most influential company for the NASDAQ. 📈 Global indices rose after closing lower on Wednesday, with the Euro Stoxx 50 witnessing the strongest gains. Full Article 👉 https://www.hfm.com/int/en/analysis/us-inflation-falls-to-dollar-strengthens-gold-struggles

📢 Join us live for a technical analysis session as we examine the markets ahead of a key CPI inflation release. 📊 The latest CPI figures could have a significant influence on interest-rate expectations. A stronger-than-expected reading may increase speculation that policymakers could raise rates or keep monetary policy restrictive for longer, while a softer reading may reduce the likelihood of further rate increases and shift expectations towards a less aggressive policy outlook. Throughout the session, HFM’s analyst will analyse current market conditions, important support and resistance levels, developing price trends, and the potential scenarios traders should monitor before and after the CPI announcement. 🎯 Watch the Live Analysis HERE 🎙

📊 The upcoming US CPI release could be a major catalyst for markets, with a higher-than-expected inflation reading potentially supporting expectations for a September rate cut and putting downward pressure on the US Dollar. 🛢 Oil prices remain elevated despite diplomatic efforts surrounding the Strait of Hormuz, as investors remain concerned that disagreements between Iran and the US could delay the return of normal shipping activity. ⚠️ The White House advised that the president did not travel on Air Force One during his visit to Turkey because of concerns about a possible assassination attempt by Iran. 🏅Gold is trading in a relatively narrow range ahead of CPI, with investors reluctant to make significant portfolio adjustments before the inflation data. A softer reading could support a move towards $4,436 and potentially the $4,500 psychological level. 💴 USD/JPY remains under pressure from uncertainty surrounding the Bank of Japan’s rate path, with analysts suggesting that two rate hikes in 2026 may be required to provide the Yen with meaningful support. 📈 The NASDAQ remains close to its monthly highs, but the next move could depend heavily on CPI, upcoming producer inflation data, and corporate earnings, with interest rate expectations remaining a key driver for technology stocks. 🌎 All global indices are trading higher on Wednesday despite the upcoming CPI release. The Nikkei 225, NASDAQ, and the DAX are currently the best-performing indices of the day. 💱 Currently, the best-performing currencies of the day are the US Dollar and the Pound. The worst-performing are the Japanese Yen and New Zealand Dollar. Full article 👉 https://www.hfm.com/int/en/analysis/cpi-inflation-release-gold-oil-usd

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🥇 Gold is under pressure from higher bond yields, higher oil prices, a stronger US Dollar, and profit-taking ahead of CPI. Bond yields can apply excessive pressure on Gold due to the metal being a non-yielding asset. The 10-year Treasury yield is trading 17 basis points higher on Tuesday and is close to breaking 2026 highs. ⚪ All metals, except for Copper, are decreasing in value with Silver and Platinum experiencing the sharpest declines. 🛢️ Oil prices have now risen for two consecutive days and continue to rise during this morning’s Asian session. Crude oil prices are now trading at their August high and are applying pressure on investor sentiment ahead of the upcoming inflation release (CPI). 🇺🇸 Donald Trump told journalists that he requires Iran to pay compensation for people killed and wounded by Iranian actions, and for damages and deaths in Lebanon and Gaza. Due to this, the possibility of a deal and the reopening of the strait remains dim. 🇦🇺 The Reserve Bank of Australia keeps interest rates unchanged, keeping the pressure on the Australian Dollar. The US Dollar and Canadian Dollar are the best-performing currencies of the day. 🏦 The possibility of interest rate adjustments remains uncertain, as weaker employment data indicates a pause while rising oil prices point to a hike. The FedWatch tool indicates a 52% chance of a rate hike in September. 🤖 NVIDIA is partnering with major Wall Street firms to mobilize more than $500 billion for AI infrastructure, helping finance data centres, chips, and computing capacity for NVIDIA customers as AI investment accelerates. NVIDIA stock fell 3%. Full Article 👉 https://www.hfm.com/int/en/analysis/gold-loses-momentum-ahead-us-cpi-release

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🇺🇸 US NFP surprised sharply to the downside, with payrolls falling by 23,000 and wage growth slowing. 👥 The fall in unemployment from 4.2% to 4.1% looks positive at first. However, the overall figure confirms this does not necessarily confirm a strengthening labour market. This is because of the weak NFP figure and the decline in the labour force participation rate. 📉 Rate-hike expectations dropped significantly, helping support Gold and equities while pushing the US Dollar Index towards a two-month low. 📊 Wednesday’s CPI release is now the key market catalyst, with inflation expected to ease from 3.5% to 3.4% and core inflation to 2.5%. 💵 A softer CPI reading could push September hike expectations even lower. A lower inflation rate will likely pressure the US Dollar while supporting Gold and stock markets. 🏦 Over the past week, the possibility of a rate adjustment in September fell from 67% to 44%. If the inflation rate falls, the chances of a rate hike will likely fall below 30%. 🥇 Gold remains technically bullish, with resistance around $4,382 and $4,570, while $4,222 stands out as an important downside support level. 📈 JPMorgan raised its 2026 year-end S&P 500 target to 8,000 from 7,800, implying around 3% further upside, supported by stronger corporate earnings and growing confidence in AI-driven revenue growth. 🌍 Globally, indices trade higher, with the Nikkei225 currently topping the table, adding a further 1.40%. The VIX index is falling, signalling a risk-on appetite. 🛢️ Oil prices are rising but struggling to maintain bullish momentum as the Strait of Hormuz remains closed and the US indicates that it is turning to economic pressure to ‘beat’ Iran. Article 👉 https://www.hfm.com/int/en/analysis/weak-nfp-hits-dollar-supports-gold-markets-inflation

Q2 2026 earnings season brings another round of key corporate results! 🚀 Cisco Systems, RWE and thyssenkrupp are preparing to report, offering fresh insights across the technology, energy and industrial sectors. ⚡️📈 💡 Follow the latest releases, monitor potential market reactions and stay ready for the opportunities ahead. Check the Earnings Calendar and plan your next move.

🛢 Oil: Brent crude rose above $83 per barrel as uncertainty surrounding the Strait of Hormuz continued. Although the US and Iran may be moving closer to an agreement, reports that Iran could restrict US and Israeli vessels are keeping supply risks elevated. 🥇 Gold: Gold climbed above $4,260 as geopolitical tensions increased demand for safe-haven assets. Traders are now watching whether the precious metal can maintain its momentum and move towards the 200-day moving average near $4,489. 🟠 Copper: Copper prices rose after the Democratic Republic of Congo, a major global producer, banned exports of copper and cobalt concentrates. The decision increased concerns about supply, while stronger-than-expected Chinese trade figures provided an additional demand signal. Traders should watch whether copper can maintain its momentum near recent record highs. 💵 US Dollar: The Dollar remains supported near the 100 level. Rising oil prices could keep inflation elevated, potentially forcing the Federal Reserve to maintain higher interest rates for longer. 📊 US Jobs Report: Economists expect the US economy to have added 80,000 jobs in July, compared with 57,000 in June. A stronger result could support the Dollar and Treasury yields while pressuring gold. Weaker data could lift bonds and gold by strengthening expectations of lower interest rates. 🇯🇵 Japanese Yen: USD/JPY is trading near 158.35. The yen has surrendered almost half of the gains generated by the recent coordinated intervention from Japan and the US, keeping the possibility of further intervention in focus. 📉 Global Stocks: US equity futures are relatively stable, but technology and semiconductor stocks remain under pressure as investors question elevated AI valuations. South Korea’s KOSPI is heading towards another weekly decline, while Chinese shares are outperforming most Asian markets. 🇨🇳 China: China reported a larger-than-expected trade surplus, with exports rising 24% and imports increasing 28% year-on-year. The figures supported Chinese equities but had a limited impact on the yuan. ⚠️ What Traders Should Watch: The US jobs report will be today’s main market event. Pay close attention to oil, gold, the US Dollar, USD/JPY, Treasury yields and stock indices, as volatility could increase significantly following the release. Article of the day 👉 https://www.hfm.com/int/en/analysis/oil-gold-us-jobs-report-august-7-2026