Daily Market Analysis By zForex

[zForex]

South Korea’s Chip Rally Is Starting to Unwind​

South Korea’s semiconductor boom is facing a sharp correction. SK Hynix dropped another 10% despite reporting strong profit growth and better margins.



The problem is no longer weak earnings. Investor expectations had already become extremely high, so even solid results were not enough to support the share price.

The market is also questioning whether AI data-centre spending can continue at the same pace. SK Hynix plans to expand high-bandwidth memory production, but too much new capacity could later pressure prices and margins.

The chart shows the stock near KRW 1.4 million and well below its key moving averages. The next important support sits around KRW 1.25 million, while any recovery may face resistance near KRW 1.74 million.

This is not yet a financial crisis, but it shows how dependent South Korea’s market has become on chipmakers. If AI demand slows further, pressure could spread from semiconductor stocks to the wider KOSPI and investor confidence.

 

[zForex]

Focus Turns on CBs as Fed Holds Rates (07.30.2026)​

Global markets digested the Federal Reserve's decision to leave interest rates unchanged while assessing signals that further tightening remains possible if inflation persists.

Three FOMC members backed a hike, while Kevin Warsh signaled the pause should not be seen as a policy shift. Fresh US strikes on Iran and stalled Hormuz talks remained in focus.

The Dollar Index slipped below 101, and the 10-year Treasury yield held near 4.68%, adding to recent gains after the Fed meeting. Three policymakers favored a rate hike, while ongoing Middle East tensions kept inflation concerns alive.

Japan's 10-year yield climbed to 2.78%, tracking higher US Treasury yields. The BOJ is expected to keep rates unchanged on Friday while preserving the option of future tightening as fiscal concerns linger.

US stock futures edged higher as earnings reclaimed the spotlight. Microsoft surged 9% after strong cloud and AI results, while Meta fell more than 6% on AI monetization concerns. Focus now shifts to Amazon, Apple, Mastercard, Bristol Myers, and Coinbase as Wall Street digests the Fed decision.

Economic Calendar​

Euro Advances Toward $1.15​

The euro strengthened toward $1.15, touching a two-week high as the dollar softened following the Federal Reserve's decision to hold interest rates unchanged.

European money markets are now pricing in nearly two ECB rate increases by March 2027, supported by hawkish comments from policymakers Kazimir and Lane. Investors now turn their attention to upcoming Eurozone inflation data for further direction.

The first resistance is positioned at 1.1490 while the support starts from 1.1400.

Gold Steadies Around $4,050​

Gold stabilized near $4,050, holding earlier gains after the Federal Reserve kept interest rates unchanged despite rising inflation risks linked to Middle East tensions.

Three FOMC members dissented, advocating for a rate increase, as Chair Warsh indicated future tightening remains possible if inflation stays high. Meanwhile, the Bank of England and Bank of Japan face upcoming policy decisions, with geopolitical uncertainties remaining elevated.

First resistance is seen at $4100, with initial support near $4020.

Yen Rebounds Near 163.5​

The Japanese yen advanced toward 163.5 per dollar as the dollar eased following the Federal Reserve's rate hold. Despite three hawkish FOMC dissents, Chair Warsh emphasized the decision does not imply policy inertia.

Meanwhile, markets anticipate the Bank of Japan will hold steady Friday while keeping rate hikes open to support the currency amid ongoing U.S. strikes against Iranian targets.

Initial resistance stands at 164.00, while the first support is at 163.20.

Sterling Trades Soft Near 1.3348​

GBP/USD drifted lower toward 1.3348 as investors await the Bank of England's rate announcement, where policy is projected to hold at 3.75% following a dip in UK inflation to 2.6%.

Although a dovish tilt from the Federal Reserve limited dollar strength, broader Middle East risk dynamics and domestic political developments under Prime Minister Burnham continue influencing sterling's trajectory.

From a technical view, resistance stands near 1.3370, with support around 1.3260.

Silver Steadies Near $57.5​

Silver prices stabilized around $57.5, maintaining recent gains after the Federal Reserve opted to keep interest rates steady despite rising energy-driven inflation risks. Three FOMC members voted for a rate increase, with Chair Warsh warning that future hikes remain possible if inflation persists.

Meanwhile, central bank decisions from the BOE and BOJ loom, as geopolitical friction and stalled Hormuz negotiations keep commodity markets on edge.

From a technical view, resistance stands near $58.40, while support is located around $56.50.

Brent Crude Oil​

Brent slipped below $90, giving back part of its recent gains despite fresh US strikes on Iran following attacks on American forces. Concerns over supply remain as talks over the Strait of Hormuz remain stalled.

US crude inventories posted their largest draw since mid-June, while strategic reserves fell to their lowest level since 1983.

Resistance is seen at 88, while the nearest support stands at 84.40.

Nasdaq 100​

The Nasdaq-100 fell 2.06% to 27,192.31, entering correction territory after the Fed meeting.

Sticky inflation and pressure on technology valuations weighed on sentiment, pushing the index below both its 50-day and 200-day moving averages.

Resistance stands at 27,800, while the nearest support is located at 27,000.

Offshore Chinese Yuan​

USD/CNY traded near 6.7653, remaining close to yearly lows as the yuan stayed supported by a lower PBOC fixing and strong exporter demand for the local currency.

With the Fed holding rates steady, attention now shifts to China's Politburo meeting for fresh policy signals.

Resistance stands at 6.7760 while the nearest support is located at 6.7520.

Bitcoin (BTC/USD)​

Bitcoin traded near $64,093, moving sideways. Softer ETF demand and Strategy's decision to pause purchases ahead of its second-quarter earnings kept price action subdued.

First resistance is seen at 66,400, with initial support near 62.500.

 

[zForex]

+ Japanese yen update

USD/JPY Drops Toward 159 as Intervention Risk Returns​

USD/JPY is trading near 159 after a sharp reversal from above 164. The Fed’s rate hold still supports the dollar through wide US-Japan rate differentials, but suspected Japanese intervention has shifted short-term momentum toward the yen.

Markets are now watching official comments from Tokyo and the next BOJ signals. Intervention fears can limit any quick recovery, even if US yields remain high.

Technically, the pair is still inside its broader rising channel, but the latest decline has pushed price below the nearby moving-average zone. This weakens the short-term outlook and shows that the earlier bullish momentum has been interrupted.

The 159 area is the first support to watch, followed by the lower channel region near 158. A break below this zone could deepen the correction. On the upside, 160.06 is the first resistance, while 161.13 to 161.45 is the main recovery barrier.

For now, the wider trend has not fully broken, but intervention risk makes the setup unstable. Any rebound may remain limited unless USD/JPY moves back above 160 and holds there.

 

[zForex]

Central Banks Take Center Stage (07.31.2026)​

Global markets assessed a series of major central bank decisions as investors balanced the Federal Reserve's rate hold with hawkish signals from the Bank of England and Bank of Japan.

The Dollar Index traded near 100, down more than 1% for the week after three straight declines. The dollar fell 3.3% against the yen on Thursday following suspected Japanese intervention, while Treasury Secretary Scott Bessent called the yen "very undervalued." The Fed kept rates unchanged despite three dissents, with markets pricing a 63% chance of a September hike.

Japan's 10-year yield slipped below 2.8% after the BOJ kept its policy rate at 1%, the highest level since 1995 following June's hike. Policymakers highlighted upside inflation risks tied to Middle East tensions, while the yen's sharp rally after suspected intervention eased pressure for more aggressive BOJ tightening.

The US 10-year Treasury yield eased to around 4.65%, heading for a weekly decline as traders assessed the Fed's cautious tone. Although three policymakers backed a rate hike, Chair Kevin Warsh maintained a data-dependent approach, while September hike odds remained near 63%.

US stock futures advanced as earnings stayed in focus. Amazon surged more than 9% after strong cloud results, while Apple fell over 6% as weak services revenue overshadowed a 22% jump in iPhone sales. Chipmakers including Micron, Sandisk, AMD, Intel, and Nvidia extended Thursday's rally after the Nasdaq gained 2.78%, while the S&P 500 and Dow rose 1.66% and 1.19%, respectively.

Economic Calendar​

Euro Consolidates Near 1.1500​

EUR/USD range-traded near 1.1450–1.1500, absorbing the Fed's rate hold and weak U.S. GDP growth alongside resilient Eurozone GDP data that supported ECB rate-hike expectations. However, geopolitical safe-haven dollar demand from U.S. strikes on Iran capped euro upside.

Technical indicators suggest easing downside momentum, with key support around 1.1390 and resistance at 1.1500.

The first resistance is positioned at 1.1550 while the support starts from 1.1470.

Gold Slides Below $4,100​

Gold fell below $4,100, halting a two-day rally, yet remained positioned for its first monthly gain in five months. Bullion found support after the Federal Reserve kept interest rates unchanged, though a 63% probability of a September rate hike capped gains.

Meanwhile, renewed U.S. strikes on Iran diminished near-term diplomatic prospects, maintaining ongoing pressure on gold prices.

First resistance is seen at $4120, with initial support near $4020.

USD/JPY Rebounds Toward 160.50​

USD/JPY rebounded strongly to near 160.50, recovering from a two-month low of 157.97 driven by suspected intervention and a hawkish hold by the Bank of Japan. The BOJ maintained rates at 1.00% while highlighting elevated inflation risks.

The Fed's 9–3 rate hold continues supporting the dollar, with the pair testing resistance at 161.00–161.50.

Initial resistance stands at 161.70, while the first support is at 159,50.

Sterling Pauses Near 1.3450​

GBP/USD consolidated near 1.3450 following a 130-pip rally to 1.3476, driven by key central bank decisions. The Bank of England kept rates at 3.75% with a hawkish 6–3 vote split, pointing to Middle East inflation risks.

Meanwhile, a slight dollar rebound off sub-100 levels capped sterling's momentum amid safe-haven flows.

From a technical view, resistance stands near 1.3490, with support around 1.3260.

Silver Eases Toward $58​

Silver dipped toward $58, snapping a two-day winning streak, but remains set to finish July virtually flat following a steep drop in June. The metal found underlying support after the Federal Reserve held interest rates unchanged despite geopolitical inflation risks, though a 63% chance of a September rate hike limited further upside.

Ongoing U.S. strikes in Iran continue weighing on precious metals.

From a technical view, resistance stands near $58.90, while support is located around $56.80.

Brent Crude Oil​

Brent eased below $86 but remained on track for a monthly gain of more than 20%.

Concerns over potential supply disruptions persisted after fresh US strikes on Iran, while shipping activity through the Strait of Hormuz gradually recovered.

Resistance is seen at 87, while the nearest support stands at 84.40.

Nasdaq 100​

The Nasdaq-100 traded near 28,106, extending its recovery above 28,000 as strong earnings from Microsoft eased concerns over AI spending.

Microsoft jumped 16%, its biggest daily gain since 2008, while Amazon advanced after earnings. Softer US GDP and cooler PCE inflation also strengthened expectations for future rate cuts.

Resistance stands at 28,800, while the nearest support is located at 27,500.

Offshore Chinese Yuan​

USD/CNH trades near 6.7452, touching a fresh multi-year low as broad dollar weakness supported the yuan.

China's manufacturing PMI remained in contraction at 49.2, reinforcing expectations of further PBOC easing, while technical indicators suggest the pair may be due for a short-term rebound.

Resistance stands at 6.7660 while the nearest support is located at 6.7320.

Bitcoin (BTC/USD)​

Bitcoin trades near $64,326, moving sideways after recovering from monthly lows around $57,200.

The Fed's decision eased selling pressure, while steady spot ETF inflows continued to absorb supply. Strategy increased its Bitcoin holdings by 25% this year despite reporting an $8.2 billion quarterly loss.

First resistance is seen at 66,400, with initial support near 62.500.

 

[zForex]

Diplomacy Lifts Markets (08.03.2026)​

US stock futures edged higher as attention shifted to another busy earnings week featuring Berkshire Hathaway, Eli Lilly, Caterpillar, McDonald's, Disney, Palantir, AMD, and SpaceX. Focus also turns to Friday's jobs report, while oil slipped after President Trump said Iran peace talks would resume.

Japan's 10-year yield climbed above 2.8%, a three-week high, as traders increased expectations for another BOJ rate hike. Governor Kazuo Ueda warned inflation risks require close attention, even as he expects underlying inflation to move toward the 2% target from the second half of FY2026.

The US 10-year Treasury yield eased to around 4.7% after reaching an 18-month high, with attention turning to a busy week of US labor data. The Fed held rates steady last week despite three dissents, while markets continue to price a 68% chance of a September hike.

The Dollar Index slipped toward 99.5, marking a fifth consecutive decline after Japan confirmed coordinated yen-buying with the US. BOJ data suggested intervention reached $58.97 billion on Thursday, while officials signaled they remain prepared to step in again if necessary.

Economic Calendar​

Euro Holds Cautiously Bullish​

EUR/USD maintains a mild upward momentum near 1.1528, continuing its bounce after breaking key resistance. Euro gains are driven by US Dollar weakness following the Fed's rate decision, strong Eurozone Q2 GDP growth at 0.4%, and cooling geopolitical risks. Remaining above its 50-day SMA, the pair awaits Friday's key NFP data.

The first resistance is positioned at 1.1560 while the support starts from 1.1500.

Gold Rebounds on Iran Diplomacy​

Gold rebounded past $4,050 after recovering early losses as President Trump announced resuming peace talks with Iran, pushing oil prices lower and cooling inflation concerns. Allies like Saudi Arabia encouraged diplomatic efforts over strikes, alongside calls to reopen the Strait of Hormuz.

Meanwhile, market attention shifts to a key US labor market week featuring Friday's jobs report, following the Federal Reserve's rate hold, as traders price in a 68% probability of a September rate increase.

First resistance is seen at $4085, with initial support near $4020.

Yen Surges on Joint US Intervention​

The Japanese yen rallied toward 155 against the dollar, expanding its three-day gain to 5% following official confirmation of joint currency intervention by Japan's Finance Ministry and the US Treasury. Japanese officials emphasized readiness for additional coordinated steps to counter recent 40-year lows.

US officials framing the effort as a move to preserve global financial stability, countering previous downside pressure caused by high energy import costs, fiscal worries, and widening interest rate gaps.

Initial resistance stands at 157.30, while the first support is at 155,30.

Sterling Holds Near 1.3470​

GBP/USD trends moderately higher near 1.3470, staying firm above key short-term moving averages. The Bank of England's rate hold at 3.75% provides underlying support against a broader dollar retreat, while improving geopolitical sentiment reduces safe-haven demand.

However, historical downside seasonal trends typically seen throughout August continue to limit stronger bullish momentum.

From a technical view, resistance stands near 1.3500, with support around 1.3360.

Silver Recovers Above $58​

Silver climbed above $58, regaining ground after announcements of renewed US-Iran peace talks pushed oil lower and tempered inflation fears. Regional allies urged diplomacy over military strikes, alongside calls to reopen the Strait of Hormuz.

Investors now turn to a busy US labor market week featuring Friday's jobs report, following the Fed's steady rate policy despite three dissents, with markets favoring a September rate hike.

From a technical view, resistance stands near $58.90, while support is located around $57.15.

Brent Crude Oil​

Brent traded near $85 as reports of recent US-Iran diplomacy and a possible Strait of Hormuz agreement weighed on prices.

Markets also looked ahead to key US economic data, while improving geopolitical sentiment reduced immediate supply concerns.

Resistance is seen at 85.00, while the nearest support stands at 81.80.

Nasdaq 100​

The Nasdaq-100 traded near 28,106, extending its rebound above 28,000 after a sharp correction. Microsoft jumped 16%, its biggest gain since 2008, on strong cloud revenue, lifting semiconductor shares and easing concerns over AI spending.

Amazon also advanced after earnings, while Apple and Meta declined. Softer GDP and cooler PCE inflation strengthened expectations for future Fed rate cuts.

Resistance stands at 28,800, while the nearest support is located at 28,200.

Chinese Yuan (USD/CNH)​

USD/CNH traded near 6.7500, staying close to multi-month lows as a stronger daily PBOC fixing supported the yuan.

Expectations for Fed rate cuts later in 2026 also weighed on the dollar, while the narrow gap between onshore and offshore yuan suggested limited speculative activity and steady capital controls.

Resistance stands at 6.7650 while the nearest support is located at 6.7420.

Bitcoin (BTC/USD)​

Bitcoin trades near $63,000, holding above $60,000 as buyers defend key support. Strategy's sale of 3,620 BTC challenged the company's long-standing "never sell" narrative, while weaker 1.5% US GDP growth added caution.

Heavy $60,000 put option positioning points to hedging against a deeper August pullback, with the price still below its 50-day EMA.

First resistance is seen at 63,500, with initial support near 62.000.

 

[zForex]

All Eyes Turn to U.S. Payrolls (04.08.2026)​

A coalition of US states sued over President Trump's new global tariffs, joining small businesses in arguing the 10–12.5% duties on 60 economies are unlawful under Section 301. The case adds another layer of uncertainty as the US tariff framework continues to evolve.

The Dollar Index hovered near 100 while the 10-year Treasury yield held around 4.69% as traders weighed the Fed's outlook against Middle East uncertainty. Markets still price a 65% chance of a September rate hike after July's hold, while John Williams said policy is well positioned and inflation should ease later this year. Focus now turns to JOLTS and US trade data.

US stock futures edged higher after Monday's rally, when the Nasdaq gained 2.13% and the S&P 500 and Dow rose 1.48% and 1.32%. Amazon climbed 4.6% to top a $3 trillion valuation, joined by gains in Microsoft, Nvidia, Meta, Alphabet, and Tesla, while lower oil prices supported sentiment ahead of earnings from SpaceX, AMD, Caterpillar, Merck, and McDonald's.

Economic Calendar​

EUR/USD Holds Near 1.1508​

EUR/USD trades near 1.1508, holding its recent recovery after rebounding from the multi-week low of 1.1366.

The Fed's cautious stance and outperforming 0.4% Eurozone GDP have kept the pair supported, while easing Middle East tensions reduced safe-haven demand for the dollar. Yen intervention has also added volatility to the broader dollar outlook.

The first resistance is positioned at 1.1540 while the support starts from 1.1480.

Gold Steadies Near $4,050​

Gold traded in a tight range around $4,050, as investors weighed potential U.S.-Iran diplomatic developments against broader Federal Reserve policy expectations. While President Trump described his offer as Tehran's final chance to reopen the Strait of Hormuz, Iran denied direct negotiations despite acknowledging progress via Oman.

Meanwhile, markets price a 65% chance of a September Fed rate hike following July's pause, even as New York Fed President John Williams maintained that policy is well-positioned and expects inflation to moderate.

First resistance is seen at $4085, with initial support near $4020.

Yen Holds Gains Near 157​

The Japanese Yen traded near 157 per dollar, maintaining recent gains as market participants remain cautious following coordinated U.S.-Japan intervention. U.S. Treasury Secretary Scott Bessent encouraged expanding the Fed's FIMA Repo Facility to backstop future joint operations.

BOJ data indicates Tokyo spent ¥5.33 trillion on Friday, following a record ¥8.45 trillion deployment, after energy costs, fiscal pressures, and rate gaps dragged the currency to 40-year lows.

Initial resistance stands at 158.60, while the first support is at 157,00.

Sterling Pulls Back Near 1.3457​

GBP/USD is trading around 1.3457, consolidating after selling pressure capped a rally past seven-week highs above 1.3500. Subdued UK manufacturing PMI data and a rebounding US dollar halted the advance. With both the Fed and BoE maintaining hawkish pauses, traders await Friday's U.S. nonfarm payrolls report for directional clarity.

From a technical view, resistance stands near 1.3500, with support around 1.3360.

Silver Consolidates Near $59​

Silver steadied around $59, retaining previous gains as investors monitored U.S.-Iran diplomatic efforts regarding a potential Strait of Hormuz reopening and evaluated the Federal Reserve's policy trajectory. While President Trump described his offer as Tehran's final chance, Iran denied direct negotiations despite acknowledging progress via Oman.

Meanwhile, September Fed rate-hike expectations sit near 65%, with New York Fed President John Williams maintaining that policy remains well-positioned for inflation to moderate.

From a technical view, resistance stands near $59.50, while support is located around $58.00.

Bitcoin (BTC/USD)​

Bitcoin traded near $63,747, testing resistance after rebounding on a weaker US jobs report that triggered a short squeeze.

Strategy's $216 million Bitcoin sale weighed on sentiment, although spot ETFs ended a 10-day outflow streak with $221 million in inflows. RSI points to overbought conditions, while the broader trend remains neutral to bearish.

First resistance is seen at 64,700, with initial support near 63.000.

Brent Crude Oil​

Brent traded above $84 as traders followed US-Iran negotiations for signs of a Strait of Hormuz agreement. President Trump expressed confidence the route would reopen, while Iran denied direct talks but reported progress through Oman.

Turkey and Iraq extended their pipeline agreement, Kazakhstan resumed Caspian Pipeline exports, and OPEC+ approved another modest production increase.

Resistance is seen at 87.20, while the nearest support stands at 83.50.

Nasdaq 100​

The Nasdaq-100 traded at 28,776.80, extending its recovery with a gain of more than 1.5% after an 11.3% correction.

Strong corporate earnings and easing geopolitical tensions supported technology shares, while Trump's comments on Iran pushed oil prices sharply lower and reduced inflation concerns. The Fed's rate hold also helped improve sentiment.

Resistance stands at 29,000, while the nearest support is located at 28,500.

Offshore Chinese Yuan​

USD/CNY traded near 6.7570, remaining close to multi-month lows as a broadly weaker dollar and resilient Chinese exports supported the yuan.

Easing geopolitical tensions and an upcoming US-China summit also strengthened sentiment, although expected PBOC rate cuts later this year may limit further gains.

Resistance stands at 6.7650 while the nearest support is located at 6.7420.

 

[zForex]

Markets Balance Risk Appetite (08.05.2026)​

The US 10-year Treasury yield fell to around 4.6%, marking a third straight decline. Reports of a possible US-Iran agreement pushed oil lower, reducing September Fed hike odds to 57% from 67%. Markets now await the ADP employment report.

The Dollar Index remained below 100 as lower oil prices eased inflation concerns. Qatar prepared an interim proposal for a Strait of Hormuz agreement, while Treasury Secretary Scott Bessent said a deal could come by midweek. The dollar also stayed under pressure against the yen following renewed intervention warnings.

US stock futures were little changed after all three major indexes closed at record highs. SpaceX fell 7% despite beating revenue estimates in its public earnings debut, while AMD dropped 9% after a modest beat. Attention now turns to results from Eli Lilly, Disney, and Uber.

Japan's 10-year yield slipped to around 2.82% as falling oil prices reduced inflation concerns following reports of progress toward a Strait of Hormuz agreement. Expectations of another BOJ rate hike continued to support yields.

Economic Calendar​

Check more on zForex.com | Technical Outlook on Charts​

EURUSD​

EUR/USD traded slightly above 1.15, its highest level since 16 June, as easing Middle East tensions weighed on the dollar.

Oil prices fell on expectations of a US-Iran agreement, reducing inflation concerns, while Treasury Secretary Scott Bessent said a Strait of Hormuz deal could be reached by midweek.

Stronger eurozone data, including 0.4% Q2 GDP growth and 2.9% July inflation, reinforced expectations of an ECB rate hike in September.

The first resistance is positioned at 1.1560 while the support starts from 1.1510.

GBPUSD​

Sterling traded around 1.3456, up 0.14%, consolidating above 1.3400 as weak US labor data counterbalanced a neutral Bank of England outlook. Near-term support rests at 1.3410-1.3360, with resistance between 1.3480 and 1.3550.

However, persistent Fed rate hike expectations and historically weak August seasonal trends continue to limit GBP upside.

From a technical view, resistance stands near 1.3500, with support around 1.3360.

USDJPY​

The yen traded around 157.5 per dollar, pausing after a strong three-session rally.

Treasury Secretary Scott Bessent reaffirmed US support following coordinated intervention with Japan, while BOJ data showed Tokyo spent ¥5.33 trillion on Friday after a record ¥8.45 trillion the previous day.

Japan's real wages rose for a sixth consecutive month, strengthening expectations of further BOJ tightening.

First resistance is seen at 158.60, with initial support near 157.00.

USDCNH​

Offshore Chinese Yuan traded near 6.7536, with the yuan remaining close to yearly highs against the dollar.

The PBOC set its daily fixing at 6.7917, while stronger Chinese exports, up 15% year-on-year, and a weaker dollar supported the currency. Expectations of further PBOC easing, however, may limit additional gains.

Resistance stands at 6.7650 while the nearest support is located at 6.7420.

XAUUSD​

Gold climbed above $4,100 an ounce, rising for a third straight session as traders assessed progress toward a Strait of Hormuz agreement.

Qatar prepared an interim proposal, while talks between Washington and Tehran pushed oil prices lower and reduced expectations for further Fed tightening. Markets now price a 57% chance of a September rate hike, down from 67%, with ADP payrolls due later today.

Chinese gold ETFs also continued to attract inflows above $4,000. First resistance is seen at $4180, with initial support near $4080.

XAGUSD​

Silver surged past $60 per ounce on Wednesday, making gains for a third consecutive session as easing geopolitical tensions reduced inflation fears. Progress on a Strait of Hormuz agreement sent crude prices lower, dropping September Fed rate hike probabilities to 57%.

Despite hawkish central bank commentary, market attention now shifts to incoming ADP employment data.

From a technical view, resistance stands near $62.00, while support is located around $60.00.

BTCUSD​

Bitcoin traded near $64,339, up 0.45% and holding above $63,000 support as easing Middle East tensions and renewed ETF inflows supported sentiment.

Optimism over a Strait of Hormuz agreement lifted broader risk assets, while selling pressure from Strategy eased and spot ETF flows turned positive. RSI remained close to 50, pointing to ongoing accumulation.

First resistance is seen at 64,700, with initial support near 63.000.

BRENT CRUDE​

Brent fell below $79, extending losses for a third session and bringing weekly declines to more than 10%.

Expectations of a Strait of Hormuz agreement strengthened after Qatar prepared an interim proposal and Washington and Tehran reported progress. President Trump paused military action to allow diplomacy, while Iran advanced shipping talks with Oman and Saudi-Houthi negotiations also continued.

Resistance is seen at 81.20, while the nearest support stands at 77.50.

NASDAQ 100​

The Nasdaq-100 climbed 3.32% to 29,733.16, led by another strong rally in semiconductor stocks.

AMD gained 9%, Intel rose 11.3%, and Broadcom advanced 7.5%. Lower oil prices on easing Middle East tensions also supported sentiment, while the Fed's decision to keep rates at 3.50%-3.75% removed near-term policy uncertainty.

Resistance stands at 30,000, while the nearest support is located at 29,500.