(By ATFX Analyst Team)
Key TakeawaysU.S. President Donald Trump said the temporary agreement with Iran is “over,” raising concerns that renewed Middle East hostilities could disrupt shipping through the Strait of Hormuz and revive geopolitical risk premiums. The Fed’s June minutes showed heightened concern over inflation. Officials worried about broadening price pressures that may require rate hikes, but they opted for a more concise policy statement. Today’s focus: The ECB’s June meeting minutes. Markets will watch whether they add detail on inflation and growth, which could shift rate expectations. On the data front, U.S. initial jobless claims are expected at 218,000 (prior 215,000). |
Global Market Review 09/07/2026
- U.S. equities closed mixed Wednesday: Dow ‑1.09%, S&P 500 ‑0.28%, Nasdaq +0.2%. Treasury yields rose to multi‑week highs, and the dollar touched a one‑week high before easing.
- Gold fell 0.7% to $4,076.32/oz, pressured by inflation fears after Trump’s remarks. U.S. crude oil futures surged over 3%, reaching their highest level since June 22.
Key Events Today:
- 09:30 CN CPI & PPI JUN **
- 19:30 ECB Minutes ***
- 20:30 US Initial Jobless Claims ***
- 22:00 US Existing Home Sales JUN **
July 10（GMT+8）
- 14:00 EU GERMANY CPI Final JUN **
- 16:00 IEA Monthly Oil Market Report **
- 20:30 CA Unemployment Rate JUN **
Markets Analysis 09/07/2026
- Resistance: 1.1456 / 1.1473
- Support: 1.1399 / 1.1382
EUR/USD dipped below 1.1400 on Wednesday before recovering to close slightly higher, as the Fed minutes failed to provide strong hawkish support for the dollar.
Analyst View: EUR/USD rebounded above the 10-day MA after a four-day low. A move above the 20-day MA (1.1445) could boost upside; watch the ECB minutes.
Bias: Consolidation within moving averages
- Resistance: 1.3461 / 1.3498
- Support: 1.3339 / 1.3302
Sterling accelerated higher Wednesday, breaking above 1.3400 despite Middle East tensions and supported by renewed dollar-selling pressure.
Analyst View: Back near one-week highs, with potential to extend gains above 1.3400. A sustained move above that level would keep the upside open; watch for clustered resistance around it.
Bias: Mildly bullish
- Resistance: 162.84 / 163.11
- Support: 162.22 / 161.94
USD/JPY eased slightly in Thursday’s Asian session, pausing its four-day rally while remaining near multi-decade highs.
Analyst View: Intervention concerns continue to cap upside. Expect consolidation at elevated levels, with bulls probing toward 163. A break above there would keep upward pressure in focus.
Bias: High-level consolidation
- Resistance: 76.52 / 78.17
- Support: 72.61 / 71.30
Oil extended gains to two-week highs after Trump declared the Iran agreement “over,” raising supply disruption risks and supporting further upside risk.
Analyst View: Prices tested the 20-day MA but failed to break through. Watch whether this level becomes a key barrier; a breakout targets above $76, while rejection could send prices back below $73.
Bias: Watching moving averages resistance
- Resistance: 4142 / 4173
- Support: 4012 / 3982
- Resistance: 59.43 / 60.34
- Support: 56.72 / 55.59
Gold extended its decline for a third day, hitting one-week lows as inflation and rate concerns weighed. Silver fell below $60, keeping precious metals under pressure.
Analyst View: Gold tested $4,022 but held the 10-day MA. Another test of support could expose $4,000, making that level the key downside trigger.
Bias: Pressured in low‑range
- Resistance: 52,830 / 53,069
- Support: 51,834 / 51,603
The Dow fell over 500 points Wednesday, its largest drop in a month, as Trump’s comments reignited geopolitical fears and pressured risk sentiment.
Analyst View: Holding at the 10-day MA; a break lower would target the 20-day MA near 51,800. A hold would reduce immediate downside pressure.
Bias: Short‑term pressured
- Resistance: 29,597 / 29,770
- Support: 29,082 / 28,866
Nasdaq closed higher Wednesday, led by rebounds in semiconductor and storage stocks. Broadcom gained, supported by Apple’s chip supply agreement.
Analyst View: Despite late recovery, Nasdaq posted lower lows, keeping short-term pressure intact. Key support lies at 29,000; a break below would deepen the downside risk.
Bias: Short‑term pressured
- Resistance: 63,498 / 64,406
- Support: 60,728 / 59,585
Bitcoin traded below $62,300 Wednesday, down 1.7%, pressured by uncertainty over Fed policy signals and weakening short-term sentiment.
Analyst View: BTC/USD fell for a second day, testing 10- and 20-day MA support near $61,800–62,000. A break lower would open downside toward $60,000, while a hold would limit immediate pressure.
Bias: Short‑term pressured
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