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UKOil’s bullish technical breakout is reinforced by renewed Hormuz supply risks, although weak demand remains a key counterweight.
Intel reports earnings on July 23 amid a massive rally fuelled by the AI boom that increases the need for its CPUs. Still, the turnaround faces challenges amid execution risks and industry headwinds.
UKOil is bullish above $82 but faces key resistance at $86, with the next move likely determined by whether Hormuz tensions escalate or ease.
The BoK raised rates for the first time in over three years as surging chip exports fuel inflation and growth, in a shift that could help contain won weakness.
USOIL gains amid a fresh wave of military strikes by the US and Iran and conflicting signals over transit through the Strait of Hormuz.
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Oil, USDOLLAR, XAUUSD and SPX500 now hinge on the same key drivers, including Fed tone, yields and geopolitical risk.
The index drops as worries over the AI and memory trade persist despite strong earnings from HBM maker Samsung, with focus now shifting to the incoming SK Hynix US IPO and the Nasdaq100 inclusion of SpaceX.
Oil, natural gas, copper, silver and gold will be in the spotlight in the second half of the year amid shifting fundamental drivers.
Dollar strength pushes the pair close to new multi-year highs, but rising South Korean inflation strengthening the case for BoK hikes could lead to pullbacks.
The index rises on IPO optimism as SpaceX heads for inclusion and chip demand stays strong, but inflation fears and geopolitical uncertainty remain headwinds.
Macro headwinds are weighing on commodities, but structural growth themes continue to underpin the sector.
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