USDOLLAR’s next move depends on whether higher rate expectations and safe-haven demand outweigh doubts about Fed credibility and the growth risks from Hormuz.
With support cracking and valuations stretched, the SPX500 now faces a decisive test from the Fed, inflation data and Big Tech earnings.
JPN225 offers investors far more reward for taking equity risk than SPX500, but that advantage comes with heavy exposure to technology, semiconductors and AI.
Apple is betting on new leadership and a major product refresh to revive innovation, regain AI momentum and rekindle excitement around its ecosystem.
The SPX500 is coiling between 7,420 and 7,580, with earnings season likely to determine whether weak momentum gives way to a breakout or sharper pullback.
Big Tech must prove that record AI spending can generate sustainable free cash flow.
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.
The SPX500 faces a make-or-break test at 7,580 as cooling momentum, Hormuz-driven inflation risk and Q2 earnings collide.
Gold’s near-term direction will depend on whether CPI, Warsh and Hormuz push real yields and the dollar higher or lower.
NVIDIA’s bullish wedge breakout, improving RSI and potential China reopening strengthen the bullish case, with $204-$206 the key confirmation zone.
FXCM's US.BANKS basket remains technically constructive, but 6,300 is the line in the sand and Q2 earnings now need to confirm the breakout case.
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