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The H1 2026 earnings illustrated the severe challenges facing the European auto industry, but also offered indications that turnaround plans are working.
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Oil surges, USDOLLAR breaks higher, gold hesitates and SPX500 rotates as the Fed takes centre stage.
UKOil’s overheated July rally has hit a geopolitical reality check, with $85-$86 now deciding whether the uptrend survives or unravels.
XAU/USD gains as the US and Iran pause hostilities, easing inflation fears ahead of the Fed decision, but price pressures and geopolitical uncertainty linger.
The latest soft inflation print may help the Fed avoid a rate hike on Wednesday, but the US-Iran conflict sustains upside risks, fuelling uncertainty around the outcome.
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.
Oil, USDOLLAR, XAUUSD and SPX500 now hinge on the same key drivers, including Fed tone, yields and geopolitical risk.
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