(By ATFX Analyst Team)
Key TakeawaysU.S. July CPI rose just 0.1% MoM, with YoY easing to 3.4%, in line with expectations. Gasoline prices fell for the second month, while underlying inflation pressures remained mild, further reducing the likelihood of a Fed rate hike next month. U.S. equities closed mixed Tuesday, while gold hit a two‑month high. Today’s focus: UK Q2 GDP, a direct test of the economy’s resilience. Preliminary YoY GDP is forecast at 1.1% (prior 0.9%). Stronger growth would support GBP. U.S. July PPI is forecast at 4.9% (prior 5.5%). If cooling as expected, it would extend the CPI‑driven trend. |
Global Market Review 13/08/2026
- S&P 500 and Nasdaq rose on Wednesday, supported by mild inflation and strong earnings from CoreWeave and other AI infrastructure firms—Dow ‑0.04%, S&P 500 +0.26%, Nasdaq +0.54%.
- Dollar index +0.17%.
- Gold +0.9% to $4,407.06/oz, highest since June 5.
- Oil slipped slightly, pressured by ongoing Middle East ship attacks and stalled U.S.–Iran peace talks.
Key Events Today:
- 14:00 GB GDP Prel Q2 ***
- 14:00 GB Industrial Production JUN **
- 17:00 EU Industrial Production JUN **
- 20:30 US PPI JUL ***
- 20:30 US Initial Jobless Claims ***
August 14（GMT+8）
- 07:30 RBA Gov Bullock Speech ***
- 17:00 EU GDP 2nd Est Q2 ***
- 20:30 US Retail Sales JUL ***
- 22:00 US Michigan Consumer Sentiment Prel AUG ***
Markets Analysis 13/08/2026
- Resistance: 1.1551 / 1.1567
- Support: 1.1503 / 1.1488
EUR/USD fell for the third day, closing at weekly lows despite softer U.S. inflation, as U.S.–Iran talks stalled.
Analyst View: Trading near range bottom. Watch Eurozone industrial output and U.S. PPI to see if the pair holds above 1.1500.
Bias: Slightly pressured
- Resistance: 1.3558 / 1.3591
- Support: 1.3449 / 1.3416
GBP/USD moved toward mid‑July highs, aided by softer U.S. inflation. Focus now on UK GDP.
Analyst View: Rebounded then fell after hitting 1.3546 resistance—trading below 1.3500. UK GDP and U.S. PPI will decide the next move.
Bias: Wait-and-see
- Resistance: 160.05 / 160.89
- Support: 158.73 / 158.06
USD/JPY fell, then rebounded, closing at its highest since late July, near 159.50.
Analyst View: Bulls hold short‑term edge, but resistance at 160 may cap gains. Likely consolidating near weekly highs.
Bias: Range mode
- Resistance: 85.07 / 86.94
- Support: 80.61 / 79.11
Oil slipped yesterday amid Strait uncertainty. Iran–U.S. talks remain divided, sustaining supply concerns.
Analyst View: Still near weekly highs. Holding above $81 preserves rebound potential.
Bias: Mild adjustment
- Resistance: 4463 / 4504
- Support: 4396 / 4364
- Resistance: 67.54 / 68.54
- Support: 64.27 / 63.29
Softer inflation reinforced expectations of the Fed holding rates in September. Gold hit two‑month highs, hovering near $4,400.
Analyst View: Uptrend channel intact. Could test $4,500 if PPI aligns, but U.S.–Iran stalemate may cap upside.
Bias: Short‑term bullish
- Resistance: 54,170 / 54,377
- Support: 53,498 / 53,295
Dow fell for the third day, staying near weekly lows. CPI met expectations, offering no fresh momentum.
Analyst View: Downtrend line from last week’s highs is resistance. Watch support near 53,500.
Bias: Short‑term pressured
- Resistance: 30,204 / 30,551
- Support: 29,442 / 29,107
Nasdaq rose modestly yesterday, lifted by AI stocks, though sector divergence widened.
Analyst View: Retained mild gains. May target last week’s highs if PPI supports.
Bias: Cautiously bullish
- Resistance: 64,569 / 65,125
- Support: 62,762 / 62,216
The tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit and extending its decline.
Analyst View: At two‑week lows, bulls defend $63k. Could rebound mildly, but a break lower risks a retest of early August lows.
Bias: Short‑term pressured
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