DXY TRADES AT 101.28 – GEOPOLITICAL TENSIONS SUPPORT USD
- US-Iran conflict enters day 10, Houthi naval blockade on Red Sea.
- Fed rate hike expectations for September rise to 68%.
- Support: 100.50 – 100.00. Resistance: 101.33 – 102.00.
GOLD TRADES AT $4,005/OZ
- Gold consolidates around $4,000, hit a low of $3,982.
- Pressured by strong USD and higher yields, but geopolitical risks provide support.
- Support: $3,982 – $3,943 – $3,900. **Resistance:** $4,050 (9-day MA) – $4,100.
WTI OIL TRADES AT $82.15/BBL
- Oil surges over 3% after Israel signals readiness to strike Iran.
- US blocks Hormuz, Houthi block Red Sea.
- Support: $81.26 (45-day MA) – $80.00. Resistance: $85.00 – $87.80 (100-day MA) – $90.00.
STOCKS – ASX 200 FLAT, JP225 REBOUNDS
- ASX 200: 8,793 (+0.02%), consolidating around 8,800. Support 8,733. Resistance 8,800.
- JP225: 66,231 (+3.26%), technical rebound after selloff. Support 64,500. Resistance 67,000.
KEY TAKEAWAYS & TIPS
- Oil: Geopolitical risks are pushing prices toward $85-$90. Watch US-Iran and Israel developments closely.
- Gold: Consolidating around $4,000. Break above $4,050 confirms recovery; break below $3,982 targets $3,943-$3,900.
- DXY: Supported by risk aversion and hawkish Fed expectations. Australian jobs data (Thursday) is the next catalyst.
- Stocks: JP225 is in technical recovery. ASX 200 awaits Australian jobs data for direction.
