Date: July 31, 2026
Key levels: Support 99.49–99.00; Resistance 100.50–101.00.
Outlook: Bearish below 100.00. BoJ decision and US data in focus.
Key levels: Support $4,000–$3,996; Resistance $4,116–$4,166–$4,200.
Outlook: Bullish above $4,000. Break above $4,166 targets $4,200.
Key levels: Support $80.00–$79.48; Resistance $85.00–$88.13.
Outlook: Neutral. Oil remains headline-driven.
Key levels: Support 8,900–8,840–8,700; Resistance 9,086–9,100.
Outlook: Neutral to bearish. Needs to hold 8,900.
Key levels: Support 13,700–13,600; Resistance 13,830.
Outlook: Neutral. Watch China PMI today.
US Dollar – Breaks Below 100
DXY tumbled below 100.00, hitting its lowest since June 17. The Fed held rates at 3.50%-3.75% but three FOMC members dissented, wanting a 25bp hike. Markets questioned whether the Fed is hawkish enough to fight inflation, triggering broad USD selling.Key levels: Support 99.49–99.00; Resistance 100.50–101.00.
Outlook: Bearish below 100.00. BoJ decision and US data in focus.
Gold – Surges Above $4,100
Gold trades above $4,100/oz, supported by a weaker dollar and escalating US-Iran tensions. Iran launched missiles at US bases in Jordan, with the US striking back. September Fed hike expectations (~60%) could cap upside.Key levels: Support $4,000–$3,996; Resistance $4,116–$4,166–$4,200.
Outlook: Bullish above $4,000. Break above $4,166 targets $4,200.
Oil – Range-Bound Around $82-83
WTI trades near $82.50, easing after a 6.6% rally. Shipping through the Strait of Hormuz improved, with Qatar resuming LNG exports. High Chinese crude inventories continue to weigh.Key levels: Support $80.00–$79.48; Resistance $85.00–$88.13.
Outlook: Neutral. Oil remains headline-driven.
ASX200 – Pulls Back from 5-Month High
ASX200 fell 0.8% to 8,968, ending a 3-day winning streak. Profit-taking emerged after the Fed decision and escalating US-Iran tensions.Key levels: Support 8,900–8,840–8,700; Resistance 9,086–9,100.
Outlook: Neutral to bearish. Needs to hold 8,900.
NZX50 – Profit-Taking After Record Highs
NZX50 dropped 1.5% to 13,763 after three straight record highs. Healthcare (Ryman -4.3%, Fisher -2.4%) and consumer staples (A2 Milk -3.4%) led declines.Key levels: Support 13,700–13,600; Resistance 13,830.
Outlook: Neutral. Watch China PMI today.
Tech Earnings Recap
Tech stocks mixed after earnings: Meta (META.O) plunged 8.3% pre-market as Q2 free cash flow dropped 91%. Microsoft (MSFT.O) jumped 7% on strong cloud revenue beat. Qualcomm (QCOM.O) and Arm (ARM.O) fell 5.7% and 7.2%.Currency Pairs – Key Levels
- EUR/USD: 1.1510–1.1535 – Support 1.1483–1.1434; Resistance 1.1567–1.1600
- GBP/USD: 1.3453–1.3460 – Support 1.3400–1.3387; Resistance 1.3500–1.3550
- AUD/USD: 0.7015–0.7020 – Support 0.6960–0.6922; Resistance 0.7052–0.7100
- USD/JPY: 159.75–160.00 – Support 157.98–155.04; Resistance 164.00–165.00
Key Events Today
- BoJ Interest Rate Decision – expected to hold at 1.0%
- China PMI – manufacturing data, key for Asia sentiment
- US Michigan Consumer Sentiment – consumer confidence
- DXY: Bearish below 100.00
- Gold: Bullish above $4,000
- Oil: Neutral, range-bound $80-85
- ASX200: Pulling back, watch 8,900 support
- AUD/USD: Awaiting RBA and BoJ signals
