Date: August 10, 2026
Key levels: Support 99.42–99.00; Resistance 100.00–100.53.
Outlook: Neutral to bearish below 100.00. CPI will set the direction.
Key levels: Support $75.54–$74.00; Resistance $78.91–$80.00.
Outlook: Extremely volatile. Watch geopolitical headlines closely.
Key levels: Support $4,240–$4,200, $4,157; Resistance $4,382–$4,400.
Outlook: Bullish above $4,240. Targeting $4,382–$4,400.
Key levels: Support 157.00–155.23; Resistance 160.00–161.41.
Outlook: Bearish below 160.00. Intervention risk remains elevated.
Key levels: Support 9,200–9,040; Resistance 9,302–9,400.
Outlook: Bullish but cautious near overbought levels.
Key levels: Support 53,500–53,000; Resistance 54,747–55,000.
Outlook: Bullish medium-term. Watch CPI and PPI data.
US Dollar – Hovering Below 100
DXY trades near 99.75-99.85. Conflicting signals from US-Iran negotiations are providing intermittent safe-haven support for the dollar, while hawkish Fed comments also offer some lift. Markets are pricing a 55% probability of a September rate hike. This week's US CPI and PPI data will set the direction.Key levels: Support 99.42–99.00; Resistance 100.00–100.53.
Outlook: Neutral to bearish below 100.00. CPI will set the direction.
WTI Crude – Rebounds to $77
WTI crude rebounded to $77/bbl as Iran struck "hostile targets" in the Strait of Hormuz and Iran's parliament considers banning US-Israeli vessels. The Iran-Oman agreement on a shipping corridor remains unclear and does not equate to a full reopening.Key levels: Support $75.54–$74.00; Resistance $78.91–$80.00.
Outlook: Extremely volatile. Watch geopolitical headlines closely.
Gold – Surges Above $4,335
Gold trades at $4,335/oz, recovering after a pullback to $4,240. Iran's parliament is considering banning "hostile" vessels through the Strait of Hormuz, pushing oil prices higher and reigniting inflation concerns. Next target: $4,382 (June 17 high), $4,400.Key levels: Support $4,240–$4,200, $4,157; Resistance $4,382–$4,400.
Outlook: Bullish above $4,240. Targeting $4,382–$4,400.
USD/JPY – New Equilibrium at 158
USD/JPY trades near 158.00-158.30. US-Japan coordinated intervention drove the pair from 164 to 155. A new equilibrium is being established in the 155-160 range. The 160.00 level now acts as a key psychological barrier.Key levels: Support 157.00–155.23; Resistance 160.00–161.41.
Outlook: Bearish below 160.00. Intervention risk remains elevated.
ASX200 – Fresh High at 9,302
ASX200 rose 3.18% for the week, hitting a fresh high of 9,302. However, RSI has entered overbought territory (66), signaling potential pullback risk. This week: Australian wages and CPI data.Key levels: Support 9,200–9,040; Resistance 9,302–9,400.
Outlook: Bullish but cautious near overbought levels.
Dow Jones – Extends Record Run
The Dow Jones posted its second consecutive weekly gain, reaching a record high of 54,747. Weak NFP data reinforced expectations that the Fed can pause rate hikes, fueling tech and AI stocks.Key levels: Support 53,500–53,000; Resistance 54,747–55,000.
Outlook: Bullish medium-term. Watch CPI and PPI data.
Key Events This Week
- Wednesday: US CPI – the main event for inflation
- Thursday: US PPI, Initial Jobless Claims
- Friday: US Consumer Sentiment
Currency Pairs – Key Levels
- EUR/USD: 1.1545–1.1581 – Support 1.1500–1.1470; Resistance 1.1558–1.1600–1.1644
- GBP/USD: 1.3480–1.3550 – Support 1.3393–1.3400; Resistance 1.3500–1.3550
- AUD/USD: 0.7053–0.7077 – Support 0.6997–0.6984; Resistance 0.7075–0.7100
- DXY: Below 100, awaiting CPI
- Gold: Above $4,335, targeting $4,382–$4,400
- Oil: Extremely volatile, Iran-driven
- USD/JPY: Range-bound 155-160
- ASX200: Record high, overbought
- Dow Jones: Record high, bullish
