WTI Oil faces potential $12 drop after triangle breakout. IEA cuts demand forecast contradicting OPEC+. Trump-Putin meeting on Friday could be a catalyst. Technicals show downside risk.
Nikkei hits 43000, US dollar at two-week lows, and global stocks reach record highs. Gold prices climb while oil declines. What next for global markets?
Australia's wage growth posted a solid gain of 3.4% in Q2, unchanged from the first quarter. This comes a day after the RBA cut rates. In the US, CPI remained steady at 2.7% but the core rate jumped to 3.1% from 2.9% as US tariffs have made imports more expensive.
Silver (XAG/USD) appears to have ended its -8.39% pullback from July’s 14-year high, with price action suggesting a new bullish impulsive upmove within its major uptrend. Holding above US$37.00 keeps the bias positive, with potential resistances at US$40.85 and US$42.74. Technical signals, including RSI strength and rising Silver/Gold ratio, support the medium-term bullish outlook.
Hong Kong 33 CFD Index shows signs of a short-term bullish reversal after a -5.8% slide, breaking above its 20-day MA with key support at 24,915. Market breadth has improved, with 88% of Hang Seng Index stocks above their 200-day MA. Short-term resistances are at 25,520, 25,750, and 25,890 if bullish momentum holds.
This weekly market outlook examines key economic events: US inflation, EU/UK GDP, and the RBA meeting. It reviews the past week's central bank actions (BoE, Banxico rate cuts; India steady), global equity performance, and currency/commodity movements. The article also provides a detailed look at upcoming data, focusing on APAC, Europe, and the US, and includes a chart analysis of the US Dollar Index (DXY).
The US has threatened to hit India with higher tariffs if it continues to purchase oil from Russia. The BoE is widely expected to lower interest rates on Thursday.
Taking a look at Bitcoin after Ethereum surged to $4,350 before consolidating near $4,200—a bullish sign for crypto markets. BTC followed with a rapid rally to $122,310, just shy of record highs, before profit-taking set in. We analyze through a multi-timeframe BTC analysis whether this marks a long-term top or sets the stage for new highs, as U.S. economic doubts and supportive crypto policies fuel momentum.
Crypto update: Watching the latest news and taking a look at a technical analysis of the three top cryptocurrencies (ETH, BTC, XRP and SOL). Ethereum just broke the $4,000 which liquidated some shorts but is still looking for a daily close above the key milestone.
WTI Oil faces potential $12 drop after triangle breakout. IEA cuts demand forecast contradicting OPEC+. Trump-Putin meeting on Friday could be a catalyst. Technicals show downside risk.
Nikkei hits 43000, US dollar at two-week lows, and global stocks reach record highs. Gold prices climb while oil declines. What next for global markets?