(By ATFX Analyst Team)
Key TakeawaysUS–Iran tensions eased after weekend attacks. US stocks rose, led by technology. The dollar slipped, and gold dropped as oil rebounded.
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Global Market Review 30/06/2026
Equities: Middle East news boosted tech and communications. US markets closed higher: Dow +0.59%, S&P 500 +1.1%, Nasdaq +2.07%.
FX & Commodities: The dollar retreated but stayed near a 13‑month high. Gold fell 1.8%. Oil rebounded more than 1% as renewed U.S.-Iran tensions fueled inflation concerns. These moves align with the broader risk tone.
Key Events Today:
- 07:30 JP Unemployment Rate MAY **
- 09:30 RBA Meeting Minutes ***
- 09:30 CN Manufacturing & Non Manufacturing PMI JUN **
- 14:00 GB GDP Final Q1 ***
- 15:55 EU GERMANY Unemployment Rate JUN **
- 20:00 EU GERMANY CPI Prel JUN **
- 20:30 CA GDP APR **
- 22:00 US CB Consumer Confidence JUN **
July 1 (GMT+8)
Canada, Hong Kong Holiday
- 04:30 API Crude Oil Stock Change ***
- 07:00 AU Manufacturing PMI Final JUN **
- 07:50 JP Manufacturing PMI Final JUN **
- 15:55 EU GERMANY Manufacturing PMI Final JUN **
- 16:00 EU Manufacturing PMI Final JUN **
- 16:30 GB Manufacturing PMI Final JUN **
- 17:00 EU CPI YoY Flash JUN ***
- 20:15 US ADP Employment Change JUN ***
- 21:00 Fed Chair Warsh, ECB President Lagarde, BoE Gov Bailey, BoC Gov Macklem Speech ***
- 22:00 US ISM Manufacturing PMI JUN ***
- 22:00 EIA Crude Oil Stock Change **
Markets Analysis 30/06/2026
- Resistance: 1.1439 / 1.1474
- Support: 1.1360 / 1.1325
ECB President Christine Lagarde noted that Europe’s economic resilience provides greater room for rate adjustments. The euro rose for a third consecutive session yesterday, reclaiming 1.1400 as the dollar retreated.
Analyst View: Early Asia trading saw a partial pullback after testing the 10‑day moving average resistance for the first time in two weeks. Failure to break higher may weaken momentum and shift focus to support below 1.1360.
Bias: Consolidation near 1.1400
- Resistance: 1.3280 / 1.3304
- Support: 1.3176 / 1.3152
Sterling hit a 5-day high as dollar weakness and expectations for UK data supported gains.
Analyst: Holding above the 10-day average could push GBPUSD to 1.3300; otherwise, the momentum may ease.
Bias: Moderate rebound
- Resistance: 162.46 / 162.56
- Support: 161.94 / 161.81
Despite dollar softness, USD/JPY held at a 40-year high, surpassing 161.95, the level at which Japanese authorities intervened in July 2024. The pair continued higher this morning.
Analyst View: Price action is breaking above last week’s upper range, probing above 162. Expect consolidation near this level, with close attention to any verbal or direct intervention from Japanese officials.
Bias: Cautious at Highs
- Resistance: 71.66 / 72.29
- Support: 69.03 / 68.42
Conflicting signals around U.S.-Iran talks raised doubts over the peace deal struck two weeks ago. Oil rebounded yesterday, though gains were capped after Trump said Tehran requested a meeting with Washington in Qatar.
Analyst View: Prices remain within a low range despite a mild rebound. Expect continued volatility driven by headlines, with short‑term bias toward low‑level consolidation.
Bias: Low‑range consolidation
- Resistance: 4024 / 4077
- Support: 3940 / 3886
- Resistance: 59.09 / 60.30
- Support: 55.24 / 54.04
Renewed tensions in the Middle East lifted oil prices, fueling inflation concerns and rate-hike expectations. Gold retreated, briefly approaching $4,000, though dollar weakness offered partial support.
Analyst View: Gold hit its lowest level since November 5 last year. A break lower would bring October’s $3,886 low into focus. Prices remain pressured, with markets awaiting key central bank speeches tomorrow.
Bias: Pressured at lows
- Resistance: 52,537 / 52,744
- Support: 51,866 / 51,663
All three major U.S. indices rose Monday. Optimism over U.S.-Iran talks and Google’s inclusion in the Dow were cited as drivers of fresh record highs.
Analyst View: The Dow extended gains above 52,000, setting a new closing record. The next target is last week’s intraday high near 52,660.
Bias: Bullish at highs
- Resistance: 30,079 / 30,369
- Support: 29,441 / 29,156
Nasdaq rebounded strongly after days of pressure, surging over 500 points (+2%). Chip stocks led the rally, with Tesla up more than 8% and Google nearly 5%.
Analyst View: The index recovered from a three‑week low, closing above the 10-day and 20‑day moving averages near 29,700. Breaking this key resistance will be crucial for a return to higher ranges.
Bias: Mild bullish
- Resistance: 60305/61250
- Support: 58155/57178
Bitcoin regained the $60,000 level on Monday after a sharp decline last week. With the top crypto struggling to recover, analysts suggest the market remains firmly in defensive territory as investors await stronger signs of demand.
Analyst View: Bitcoin has returned to the $60,000 level but remains confined within its lower trading range. Intraday, it may continue to attempt a rebound; however, close attention is warranted to the 10‑day moving average near $61,000, which serves as a key resistance level.
Bias: Low‑range consolidation
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