Global markets remained cautious as renewed U.S.–Iran tensions and disruptions in the Strait of Hormuz fueled inflation concerns and lifted oil prices.
The stronger inflation outlook supported expectations for further central bank tightening, keeping pressure on currencies and precious metals. Investors also assessed the latest Federal Reserve signals while monitoring geopolitical developments for their impact on global growth and energy markets.
| Time | Cur. | Event | Forecast | Previous |
| 12:30 | USD | Initials Jobless Claims | 218K | 215K |
| 14:00 | USD | Existing Home Sales (Jun) | 4.19M | 4.17M |
| 17:00 | USD | 30-Year Bond Auction | 5.050% |
The euro consolidated near $1.14, languishing close to a one-year low as rising energy costs stoked inflation worries and fueled ECB tightening expectations, darkening the regional growth outlook. Brent crude hit multi-week highs after renewed military strikes prompted Donald Trump to declare the ceasefire over. Now, markets are pricing over 30 basis points in additional hikes, even as Germany approved its 2027 budget and Marine Le Pen formalized her presidential campaign.
The first resistance is positioned at 1.1440 while the support starts from 1.1370.
| R1: 1.1440 | S1: 1.1370 |
| R2: 1.1480 | S2: 1.1340 |
| R3: 1.1510 | S3: 1.1300 |
Gold consolidated near $4,100 an ounce on Wednesday, recovering from a 1% drop as renewed U.S. airstrikes in Iran and Strait of Hormuz maritime shipping attacks jeopardized the regional truce. Rising energy prices stoked inflation anxieties after Washington revoked Iranian crude export waivers. These safe-haven inflows balanced earlier optimism from weak employment data ahead of the Federal Reserve's June minutes.
First resistance is seen at $4100, with initial support near $4000.
| R1: 4100 | S1: 4000 |
| R2: 4170 | S2: 3950 |
| R3: 4250 | S3: 3900 |
The yen hovered near 162.50 per dollar on Thursday, languishing close to forty-year lows as the expanding U.S.–Iran conflict drove oil prices higher, straining Japan’s energy-dependent economy. Bearish positioning persisted despite verbal warnings from Tokyo and ongoing threats of military retaliation from Tehran. Market participants are awaiting official intervention data to clarify July’s brief currency rally, while Japan revised its policy agenda to emphasize price stability.
Initial resistance stands at 162.80, while the first support is at 161.70.
| R1: 162.80 | S1: 161.70 |
| R2: 163.80 | S2: 160.90 |
| R3: 164.50 | S3: 160.00 |
The pound retreated to $1.335 from a multi-week peak as climbing oil prices stoked inflation fears, clouding the UK economic outlook. Brent hit recent highs following renewed U.S. strikes on Iran, with Donald Trump declaring the truce over at the NATO summit. Markets now fully price in a 25-basis-point Bank of England rate hike.
From a technical view, resistance stands near 1.3450, with support around 1.3360.
| R1: 1.3450 | S1: 1.3360 |
| R2: 1.3510 | S2: 1.3300 |
| R3: 1.3550 | S3: 1.3250 |
Silver remained capped below $59 an ounce on Thursday, declining for a second session as expanding Middle East hostilities triggered industrial supply chain and inflation worries. Continued U.S. airstrikes prompted Iranian threats against regional bases, while Donald Trump declared the ceasefire over. Despite dovish Federal Reserve minutes, market participants still anticipate a rate hike by year-end.
From a technical view, resistance stands near $59.00, while support is located around $56.50.
| R1: 59.00 | S1: 56.50 |
| R2: 61.00 | S2: 55.20 |
| R3: 62.50 | S3: 54.00 |
US Home Prices Hit Record High United States home prices ascended to a fresh peak in June, reinforcing a challenging landscape for prospective buyers despite decelerating sales volumes. Data from the National Association of Realtors indicated that the median price for existing homes climbed to $440,600, representing a 1.8% annual advance.
Detail The Week Ends With Cautious Markets (07.10.2026)Global markets ended the week on a cautious note as investors balanced renewed U.S.–Iran tensions with expectations for further central bank tightening.
US-Iran Tensions ReigniteThe fragile truce between the United States and Iran has collapsed after a sequence of reciprocal military engagements repositioned the Middle East at the forefront of global risk. Following targeted American airstrikes against Iranian air defense networks, surveillance hubs, missile installations, and drone depots, Iran’s Revolutionary Guard retaliated by striking U.S. military bases in Bahrain and Kuwait. Washington maintained that its initial kinetic operations were necessary to safeguard merchant shipping lanes transiting the strategically critical Strait of Hormuz.
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