(By ATFX Analyst Team)
Key TakeawaysU.S. July PPI unexpectedly held flat, further reducing market bets on a Fed rate hike in September. Tech stocks rebounded partially, lifting the S&P 500 to a record close. Gold was boosted intraday but adjusted lower on profit‑taking. Today’s focus: U.S. July retail sales, forecast to rise 0.2% MoM. If data disappoint, economic concerns could weigh on the dollar and further weaken prospects for a Fed rate hike. Eurozone Q2 GDP revision is expected to remain at 1%. |
Global Market Review 14/08/2026
- Softer PPI reinforced expectations that the Fed will hold rates steady in September. Dow +0.13%, S&P 500 +0.65%, Nasdaq +0.8%.
- Dollar index +0.02% to 99.96.
- Gold briefly hit two‑month highs before profit‑taking drove a >1% decline.
- WTI crude ‑1.6% on signs of weakening global demand and a sharp U.S. inventory build.
Key Events Today:
- 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 ***
Key Data and Events Coming Week (GMT+8)
- Monday: JP GDP, CN Retail Sales & Industrial Production, CA CPI
- Tuesday: GB Unemployment Rate, EU ZEW Economic Sentiment Index, US Building Permits & Housing Starts, US Manufacturing & Industrial Production
- Wednesday: API/EIA Crude Oil Stock Change, GB CPI & PPI, EU CPI
- Thursday: FOMC Minutes, AU Unemployment Rate, GERMANY PPI, CA PPI, US Initial Jobless Claims
- Friday: AU/JP/EU/GB/US Manufacturing & Services& Composite PMI, JP CPI, GB Retail Sales, EU Consumer Confidence
Markets Analysis 14/08/2026
- Resistance: 1.1567 / 1.1581
- Support: 1.1518 / 1.1503
EUR/USD rebounded slightly on Thursday on softer U.S. inflation. Focus now on Eurozone GDP and U.S. retail sales.
Analyst View: Mild rebound, but bulls lack an advantage. Needs to reclaim 1.1550 to break the downtrend channel.
Bias: Mild rebound
- Resistance: 1.3558 / 1.3591
- Support: 1.3449 / 1.3416
GBP/USD hovered below 1.3500 on Thursday. UK growth beat expectations, but sterling fell for the second day.
Analyst View: Trading near channel bottom. Watch for support around 1.3450.
Bias: Pressured
- Resistance: 160.05 / 160.89
- Support: 158.73 / 158.06
USD/JPY edged higher on Thursday, hitting late‑July highs, but stayed in a narrow range.
Analyst View: Likely to consolidate. Bulls must hold above 159 to extend rebound.
Bias: Range trading
- Resistance: 83.56 / 85.03
- Support: 79.10 / 77.25
U.S. crude inventories rose most since Jan 2023; exports fell sharply. Oil retreated to ~$81.
Analyst View: Must hold $80 to preserve rebound potential; otherwise, risk toward $79.
Bias: Short‑term pressured
- Resistance: 4385 / 4414
- Support: 4300 / 4263
- Resistance: 66.57 / 67.54
- Support: 62.03 / 61.04
Softer PPI reinforced bets against Fed hikes. Gold retreated on profit‑taking; silver also eased.
Analyst View: Gold hit weekly lows on Friday morning. Must hold above $4,300 to ease short‑term pressure.
Bias: Short‑term correction
- Resistance: 54,170 / 54,377
- Support: 53,498 / 53,295
Dow rebounded on Thursday after dipping to weekly lows, lifted by softer PPI.
Analyst View: Still in the low range. Needs to reclaim 54,000 to build bullish momentum.
Bias: Mild rebound
- Resistance: 30,551 / 30,984
- Support: 29,869 / 29,442
Tech stocks rallied on Thursday on softer PPI. Nasdaq broke out to its highest since late June.
Analyst View: Breakout signals positive momentum. Holding above 30,000 could target prior record highs.
Bias: Improving momentum
- Resistance: 64,569 / 65,125
- Support: 62,762 / 62,216
Bitcoin stalled near $63,500 despite softer PPI. Producer inflation cooled more than expected, reinforcing bets on a Fed pause.
Analyst View: Still at two‑week lows. Needs to reclaim $64k to ease pressure; otherwise risks retest of lows.
Bias: Range trading
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