August 4, 2026
Key levels: Support 99.42–99.38, 99.00; Resistance 100.00–100.45.
Outlook: Bearish below 100.00. NFP data on Friday will set direction.
Key levels: Support 155.23, 155.00, 152.30; Resistance 157.17, 158.00.
Outlook: Bearish. Intervention risk remains elevated.
Key levels: Support $77.57, $75.24 (200-day MA); Resistance $80.00, $81.73.
Outlook: Bearish below $80.00. Watch geopolitical headlines.
Key levels: Support $4,000–$3,982; Resistance $4,062–$4,100.
Outlook: Neutral, range-bound $4,000–4,100.
Key levels: Support 9,000–8,900; Resistance 9,086.
Outlook: Bullish above 9,000.
Key levels: Support 63,500–63,000; Resistance 64,500–65,000.
Outlook: Bearish below 64,000. Yen is the key driver.
US Dollar – Breaking Below 100
DXY trades around 99.85, having hit a low of 99.42. The Fed held rates but three FOMC members dissented, while Japan's intervention and hawkish signals from the BoJ triggered a massive USD/JPY selloff. The 100.00 level has now turned into strong resistance.Key levels: Support 99.42–99.38, 99.00; Resistance 100.00–100.45.
Outlook: Bearish below 100.00. NFP data on Friday will set direction.
USD/JPY – Yen Surges Most in a Decade
USD/JPY tumbled from 164 to 155.23, its lowest in six months. The BoJ delivered a hawkish hold (signaling a potential September hike) combined with direct intervention – the largest yen rally in a decade.Key levels: Support 155.23, 155.00, 152.30; Resistance 157.17, 158.00.
Outlook: Bearish. Intervention risk remains elevated.
WTI Crude – Plunges Below $80
WTI crude fell 7% to $78.57/bbl as Trump agreed to pause strikes on Iran and resumed peace talks. Despite Iran blocking tankers and Ukraine attacking a Russian refinery, markets are focused on diplomatic signals.Key levels: Support $77.57, $75.24 (200-day MA); Resistance $80.00, $81.73.
Outlook: Bearish below $80.00. Watch geopolitical headlines.
Gold – Holding Near $4,050
Gold trades around $4,050/oz, recovering slightly as US-Iran peace talks reduced inflation pressures. However, September Fed hike expectations (~68%) continue to cap gains. Markets are now focusing on US jobs data.Key levels: Support $4,000–$3,982; Resistance $4,062–$4,100.
Outlook: Neutral, range-bound $4,000–4,100.
ASX200 – Breaks Above 9,000
ASX200 rose 0.5% to 9,019, breaking above 9,000. Investors welcomed Trump's pause on Iran strikes and upbeat Australian manufacturing data. Utilities (+2.1%) and Industrials (+1.36%) led gains.Key levels: Support 9,000–8,900; Resistance 9,086.
Outlook: Bullish above 9,000.
Nikkei225 – Pressured by Strong Yen
Nikkei225 fell 0.94% to 63,755. The yen's surge – its biggest in a decade – weighed heavily on export-oriented stocks. Auto and semiconductor sectors led declines.Key levels: Support 63,500–63,000; Resistance 64,500–65,000.
Outlook: Bearish below 64,000. Yen is the key driver.
Currency Pairs – Key Levels
- EUR/USD: 1.1496–1.1535 – Support 1.1487–1.1430; Resistance 1.1568–1.1600
- GBP/USD: 1.3420–1.3460 – Support 1.3400–1.3364; Resistance 1.3500–1.3558
- AUD/USD: 0.6990–0.7050 – Support 0.6946–0.6913; Resistance 0.7052–0.7100
Key Events This Week
- Today: US ISM Manufacturing PMI, Trade Balance
- Wednesday: JOLTS, ADP Employment
- Thursday: Initial Jobless Claims
- Friday: Nonfarm Payrolls, Unemployment Rate – the main event
- DXY: Bearish below 100.00
- USD/JPY: Bearish, intervention-driven
- Gold: Neutral, range-bound $4,000–4,100
- Oil: Bearish below $80.00
- ASX200: Bullish above 9,000
- Nikkei225: Bearish below 64,000
