Date: July 29, 2026
US Dollar – Awaiting Fed Clarity
DXY trades near 101.40, holding steady ahead of the FOMC decision. Markets price a 35.8% chance of a surprise hike. Support at 101.13–101.00; resistance at 101.54–101.80. Fed outcome will set direction.Gold – Support at $4,000 Holds
Gold trades near $4,025/oz, pressured by Fed hike concerns. However, $4,000 remains a strong psychological support. ETF outflows have slowed, with some weeks seeing net inflows. Support at $4,000–$3,969; resistance at $4,100–$4,166.Oil – Drops on Diplomatic Hopes
WTI crude fell below $79/bbl after Iran, Saudi, and Oman discussed securing the Strait of Hormuz. Trump confirmed "good progress" in US-Iran talks. Support at $77.73 (20-day SMA); resistance at $80.00–$83.88.ASX200 – Hits 6-Week High
The ASX200 rose 0.6% to 8,948, marking its second straight gain. Consumer discretionary (+2.7%) and IT led gains. Support at 8,910–8,870; resistance at 8,950–9,000.China Stocks – Semiconductor Selloff
Shanghai Composite fell 1.16% to 3,813, Shenzhen dropped 4.52%. Semiconductor stocks plunged on concerns over excessive AI investment not generating sufficient returns. Support at 3,790; resistance at 3,850.Currency Pairs – Key Levels
- EUR/USD: 1.1376–1.1390 – Support 1.1361–1.1353; Resistance 1.1472–1.1485
- GBP/USD: 1.3278–1.3300 – Support 1.3270–1.3250; Resistance 1.3330–1.3398
- AUD/USD: 0.6965–0.7000 – Support 0.6960–0.6900; Resistance 0.7024–0.7100
- USD/JPY: 163.85–164.10 – Support 163.00–161.80; Resistance 164.50–165.00
Key Events Today
- 11:30 AEST: AU Q2 CPI – key for RBA expectations
- 04:00 AEST (July 30): Fed Interest Rate Decision
- Gold: Bullish above $4,000 – waiting for Fed
- Oil: Bearish below $80.00 – support at $77.73
- Dollar: Neutral – awaiting Fed decision
- ASX200: Bullish above 8,910 – 6-week high
- AUD/USD: Bullish above 0.6960 – watch AU CPI
