(By ATFX Analyst Team)
Key Takeaways
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Global Market Review 11/08/2026
U.S. equities fell Monday, led by declines in Intel and other chipmakers. Dow ‑0.1%, S&P 500 ‑0.06%, Nasdaq ‑0.32%.
U.S. Treasuries fell, tracking weakness in European bonds. Dollar index +0.20%.
Gold extended gains to nine‑week highs.
Oil surged over 6% as U.S. and Iran exchanged compensation demands, clouding prospects of a Strait reopening deal.
Key Events Today:
- Japan Holiday
- 12:30 RBA Interest Rate Decision ***
- 13:30 RBA Press Conference ***
- 22:00 US Existing Home Sales JUL **
August 12（GMT+8）
- 04:30 API Crude Oil Stock Change ***
- 14:00 EU GERMANY CPI YoY Final JUL **
- 20:00 OPEC Monthly Report **
- 20:30 US CPI YoY JUL ***
- 22:30 EIA Crude Oil Stock Change **
Markets Analysis 11/08/2026
- Resistance: 1.1566 / 1.1581
- Support: 1.1533 / 1.1518
EUR/USD slipped on Monday as Strait uncertainty indirectly supported the dollar.
Analyst View: Trading in range. Must hold 10‑day MA near 1.1530 to sustain consolidation. Awaiting U.S. CPI.
Bias: Range trading
- Resistance: 1.3558 / 1.3591
- Support: 1.3483 / 1.3449
GBP/USD rose for two days, hitting highs since July 16, though momentum slowed ahead of U.S. CPI.
Analyst View: Holding above 1.3500, may test mid‑July highs. Watch resistance at 1.3558.
Bias: Mildly bullish
- Resistance: 160.05 / 160.89
- Support: 158.06 / 157.40
Yen fell 0.96% on Monday, the biggest drop in five months. USD/JPY back above 159.
Analyst View: Testing 10‑day MA. Holding above could attract buyers toward 160.
Bias: Short‑term bullish
- Resistance: 83.61/85.08
- Support: 79.15/77.31
Oil jumped to one‑week highs as compensation demands dimmed Strait reopening hopes.
Analyst View: Broke 10‑day MA, now near 20‑day MA. A breakout above could extend the rebound past $83.
Bias: Short‑term rebound
- Resistance: 4486 / 4552
- Support: 4382 / 4317
- Resistance: 67.53 / 68.53
- Support: 65.29 / 64.27
Gold extended rally to nine‑week highs despite stronger dollar and oil. However, expect some positioning to grow cautious ahead of tomorrow’s US CPI data.
Analyst View: Above $4,400, but pre-CPI caution may cap gains before $4,500.
Bias: Cautious follow‑through
- Resistance: 54,377 / 54,583
- Support: 53,708 / 53,498
Trump’s call for Iran reparations during Strait of Hormuz tensions dampened sentiment, with the Dow finishing flat after range-bound trading.
Analyst View: Likely narrow range until CPI. May test resistance above 54,000.
Bias: Range trading
- Resistance: 29,869 / 30,203
- Support: 29,443 / 29,110
A sell-off in AI chip stocks dragged down tech shares. Still, big tech saw Microsoft surge 5.71%, with Nasdaq retreating from a 3-day peak.
Analyst View: Stalled rally, facing resistance near 29,954. Likely range trading.
Bias: Range trading
- Resistance: 64,569 / 65,125
- Support: 63,327 / 62,762
Bitcoin slipped below $65k on Monday as an oil surge hurt risk sentiment. Strategy’s BTC sale added pressure.
Analyst View: Largest drop in two weeks, broke 10‑day MA. Staying below adds downside risk toward $63k.
Bias: Short‑term correction
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