Iran War Disruptions Push Oil Higher; Global Inflation Risks Extend Rate Hiking Cycle Into 2026

The kiwi has strengthened meaningfully against most peers this month. However, against the US dollar specifically, NZD/USD remains well below its 2026 highs, trading in the mid-0.58 area versus January’s peak near 0.6075. New Zealand’s Q2 inflation data, released this week, blew past expectations: annual CPI accelerated to 4.1%, above both forecasts and the RBNZ’s […] The post NZD/USD Analysis: a Tug-Of-War at the Critical Level appeared first on ActionForex.

Key Highlights Gold started a recovery wave from the $3,960 region. It surpassed a key bearish trend line with resistance at $4,035 on the 4-hour chart. WTI Crude Oil extended gains and traded above the $83.50 resistance. Bitcoin recovered some losses and climbed above $66,500. Gold Price Technical Analysis Gold found bids near $3,960 and […] The post Gold Shows Signs of Recovery as Momentum Faces a Key Test appeared first on ActionForex.

The short-term Elliott Wave outlook in WTI Crude Oil (CL) presents a well-defined impulsive rally from the July 2, 2026 low, with prospects for continued strength. From that low, wave 1 advanced to $76.08, followed by a corrective decline in wave 2 that ended at $70.77. The market then surged in wave 3, reaching $85.39, […] The post Elliott Wave Analysis: WTI Crude Oil (Cl) 5‑Swing Rally from July Low Favors Extension appeared first on ActionForex.

A group of banks wrapped up a loan offering backing SoftBank Group Corp.’s $5.4 billion robotics bet after increasing the size of the US dollar tranche.

Secretary of War Hegseth needs more money for war Crude oil futures settle at $84.91 Tension in the middle east intensifies Apple Reinvents the upgrade cycle. Stock price moves higher European Stocks finish strong; Wall Street builds on the momentum Trump meets with Lebanese President Joseph Aoun in the White House Canada Carney: Latest tariff threat are a violation of USMCA USTR Greer: Canada is giving other countries better trade deals Pres. Trump: Reportedly rejects proposal for a 10 day cease-fire with Iran US Treas Sec Bessent: Says 3% growth is not unreasonable. ADP weekly NER Pulse 16,500 vs 19,750 last week The USD is mixed vs the major currencies. In the kickstart video, I outline the key technical levels in play investingLive European FX news wrap: UK jobs beat, focus stays on Middle East German ZEW survey shows pick up in recovery mood in July The USD is ending the session mostly higher vs the major currencies. The one exception was the AUD where the greenback fell -0.11%. A look at the changes shows: here.  🇨🇭 Swiss Franc:-0.37% vs USD – The dollar also posted a solid gain against the franc, extending its recent strength. 🇦🇺 Australian Dollar:+0.11% vs USD – The Aussie outperformed the dollar modestly, with the USD slipping slightly. The pair did come off of highs that failed after breaking the 38.2% retracement target. See post here. 🇪🇺 Euro:-0.11% vs USD – The euro edged higher against the dollar in relatively quiet trading. 🇬🇧 British Pound:-0.34% vs USD – Sterling was the strongest performer among the major currencies, posting the largest gain versus the dollar. USDJPY extended its rally to a new 40-year high, driven by higher U.S. Treasury yields and the widening policy divergence between the Federal Reserve and the Bank of Japan. Technically, the pair remains firmly in the hands of the buyers after once again finding support near its rising trendline yesterday, and pushing above the prior July high at 162.833 (close support now).

Secretary of War Hegseth needs more money for war Crude oil futures settle at $84.91 Tension in the middle east intensifies Apple Reinvents the upgrade cycle. Stock price moves higher European Stocks finish strong; Wall Street builds on the momentum Trump meets with Lebanese President Joseph Aoun in the White House Canada Carney: Latest tariff threat are a violation of USMCA USTR Greer: Canada is giving other countries better trade deals Pres. Trump: Reportedly rejects proposal for a 10 day cease-fire with Iran US Treas Sec Bessent: Says 3% growth is not unreasonable. ADP weekly NER Pulse 16,500 vs 19,750 last week The USD is mixed vs the major currencies. In the kickstart video, I outline the key technical levels in play investingLive European FX news wrap: UK jobs beat, focus stays on Middle East German ZEW survey shows pick up in recovery mood in July The USD is ending the session mostly higher vs the major currencies. The one exception was the AUD where the greenback fell -0.11%. A look at the changes shows: here.  🇨🇭 Swiss Franc:-0.37% vs USD – The dollar also posted a solid gain against the franc, extending its recent strength. 🇦🇺 Australian Dollar:+0.11% vs USD – The Aussie outperformed the dollar modestly, with the USD slipping slightly. The pair did come off of highs that failed after breaking the 38.2% retracement target. See post here. 🇪🇺 Euro:-0.11% vs USD – The euro edged higher against the dollar in relatively quiet trading. 🇬🇧 British Pound:-0.34% vs USD – Sterling was the strongest performer among the major currencies, posting the largest gain versus the dollar. USDJPY extended its rally to a new 40-year high, driven by higher U.S. Treasury yields and the widening policy divergence between the Federal Reserve and the Bank of Japan. Technically, the pair remains firmly in the hands of the buyers after once again finding support near its rising trendline yesterday, and pushing above the prior July high at 162.833 (close support now).

Traders fear that they're going to need to permanently price in instability in the Strait of Hormuz as shortages loom and Asian demand heats up.

Market outlook: Gold, crypto and US indices test important breakout levels At the time of this market review, precious metals and major cryptocurrencies were producing some of the clearest bullish signals. US stock indices were also recovering, although several important resistance levels still stood between a rebound and a more convincing bullish continuation. Can the US stock index recovery continue? S&P 500 futures recovered from support and turned higher. A sustained move above the previous high near 7,550 could open a path toward 7,600. Another rejection from 7,550, however, would leave the recovery vulnerable. The Dow Jones also recovered after briefly trading below support. For the Dow Jones cash index, 52,150 is the main bullish confirmation level. Acceptance above it would suggest that buyers are regaining control. Educational insight: A market touching resistance is not the same as breaking it. Acceptance generally means price remains above the level for a meaningful period and successfully defends it during a pullback. Are gold and silver still bullish? Gold has broken above an important resistance structure extending from its April high. The 4,040-4,045 area could now act as support if price returns to test it. Holding above that zone would preserve the bullish structure. Sustained trade back below it would warn that the breakout may have failed, particularly if buyers cannot quickly reclaim the area. Silver also defended major longer-term support before turning higher. Two additional metals are approaching important confirmation levels: Platinum: A sustained move above approximately $1,710 would strengthen the case for a larger advance. Palladium: Buyers need to clear approximately $1,375 before the broader outlook becomes more convincingly bullish. A useful concept here is the support-resistance flip. When price breaks above resistance, traders often watch whether the same area becomes support during the next pullback. If it does, the breakout gai