US benchmark indices inched upward on Monday, 14 July, with the rising 0.1% and the gaining 0.3%, as buyers seemed forward to the discharge of June’s US (CPI) knowledge and key Q2 earnings stories from main monetary establishments together with JPMorgan Chase (NYSE:), Citigroup (NYSE:), Wells Fargo (NYSE:), and BlackRock (NYSE:).
Within the early Asian session right now (9:00 a.m. SGT), the and E-mini futures spiked 0.5%, pushing the US SPX 500 CFD Index and US Nasdaq 100 CFD Index towards key short-term resistance ranges at 6,290 and 22,920, respectively.
Nvidia Boosts Market Sentiment on AI Chip Information
The sudden rally in US inventory index futures was largely pushed by a constructive replace from AI chief Nvidia (NASDAQ:). In a weblog put up, Nvidia revealed it had obtained assurances from the US authorities permitting it to renew shipments of its lower-end H20 AI accelerator chips to China, reversing earlier issues over billions of {dollars} in unsold stock.
China’s Financial Information Lifts Regional Inventory Market Optimism
A wave of stronger-than-expected financial knowledge (aside from ) from China supported constructive sentiment in Asian markets. Key highlights from June embrace:
New house costs in 70 cities declined at a slower tempo (-3.2% y/y vs. -3.5% y/y in Could), marking the slowest drop since April 2024.
Q2 rose 5.2% y/y (above consensus of 5.1%), barely down from Q1’s 5.4%.
surged 6.8% y/y (quickest since March), up from 5.8% in Could and beating forecasts of 5.6%.
Retail gross sales slowed to 4.8% y/y, under expectations of 5.6%, marking the weakest progress since February.
Buoyed by China’s financial resilience, the prolonged its successful streak to a fourth session, gaining 1% intraday to check its 24,490 resistance degree established since 25 June. Japan’s rebounded 0.6% intraday after a profitable retest of its 20-day shifting common (assist close to 39,390). In the meantime, Singapore’s broke above the psychological 4,100 degree with a 0.4% acquire, marking a seventh straight record-high session.
US Greenback Retreats, Gold Reclaims Key Ranges
The started to drag again within the Asian session after three days of energy, as markets probably priced in a hotter-than-expected US print of three% y/y for June (vs. 2.8% in Could). The , , and euro led the rebound, every rising 0.1% to 0.2% in opposition to the dollar.
Gold () benefited from the softer greenback, climbing 0.4% intraday. The yellow metallic traded above its 20-day and 50-day shifting averages and approached the important thing intermediate resistance at US$3,360, reinforcing its short-term bullish momentum.
Financial Information Releases
Fig 1: Key knowledge for right now’s Asia mid-session (Supply: MarketPulse)
Chart of the Day – EUR/USD Minor Corrective Decline Stalls at 20-day Transferring Common, Bullish Reversal Looms
Fig 2: EUR/USD minor development as of 15 July 2025 (Supply: TradingView)
The current worth actions and key technical parts of the counsel that the three-week interval of minor corrective decline from the 1 July 2025 excessive might have ended, the place the EUR/USD is probably going within the means of forming a possible contemporary bullish impulsive up transfer sequence inside its ongoing medium-term uptrend part.
The hourly RSI momentum indicator has flashed out a bullish divergence situation because it reached its oversold area final Thursday, 10 July, and now managed to stage a bullish breakout above the 50 degree (see Fig 2).
Watch the 1.1630 key short-term pivotal assist, and a clearance above 1.1710 (minor descending trendline that capped prior rebound since 3 July) will increase the chances of the beginning of the bullish impulsive up transfer sequence for the subsequent intermediate resistances to return in at 1.1770 and 1.1810/1.1825 in step one.
On the flip aspect, failure to carry at 1.1630 invalidates the bullish reversal situation for an extension of the minor corrective decline to reveal the subsequent rapid assist at 1.1580 (the decrease boundary of the medium-term ascending channel from 13 Could 2025 swing low).
Authentic Put up
