Page 2 of 131
The H1 2026 earnings illustrated the severe challenges facing the European auto industry, but also offered indications that turnaround plans are working.
.png)
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.