August 5, 2026 Market Overview
The dollar is weakening against a backdrop of market interventions and risk appetite, whilst Brent is falling on hopes of a deal over Iran and the Strait of Hormuz. However, a breakdown in negotiations could trigger a price rise.
August 5, 2026 Crypto Review
Major cryptocurrencies are recovering: BTC and BNB are strengthening, the market is testing the 50-day moving average, but the trend remains undefined for now.
Alibaba Group: ⬆️ Buy – Alibaba Group broke resistance zone – Likely to rise to resistance level 133.40 Alibaba Group recently broke resistance zone located at the intersection of the resistance level 121.50 (top of earlier wave (A)), resistance trendline.
S&P 500: ⬆️ Buy – S&P 500 broke resistance level 7600.0 – Likely to rise to resistance level 7800.00 S&P 500 recently broke above the pivotal resistance level 7600.0 (upper border of the sideways price range inside which the price.
Platinum: ⬆️ Buy – Platinum broke resistance level 1680.00 – Likely to rise to resistance level 1835.00 Platinum recently broke the resistance level 1680.00 (which is the upper border of the narrow sideways price range inside which the price has.
CADJPY: ⬆️ Buy – CADJPY reversed from support zone – Likely to rise to resistance level 113.30 CADJPY currency pair recently reversed from the support zone between the key support level 111.85 (which has been reversing the price from January),.
💴 The Japanese Yen has rallied sharply after the first coordinated US and Japan currency intervention in 26 years, as authorities stepped in to halt its record weakness.
Today is Tuesday, the 4th of August. Let's talk about the platinum market. It's been a very long time since we covered this one. Let's look at the outlook through To the end of the year. So, I am now showing the monthly chart.
August 4, 2026 Market Overview
Gold is consolidating near $4,000 as Fed uncertainty and strong Chinese demand provide support, with Citi forecasting a potential rally towards $4,500 later this year.
Nasdaq-100: ⬆️ Buy – Nasdaq-100 reversed from support zone – Likely to rise to resistance level 29200.00 Nasdaq-100 index recently reversed from the support zone between the key support level 27000.00 (which also reversed the price in April), lower daily.
GBPJPY: ⬆️ Buy – GBPJPY reversed from support zone – Likely to rise to resistance level 212.35 GBPJPY currency pair recently reversed from the support zone between the key support level 210.00 (which has been reversing the price from March).
The S&P 500 closed July with a modest gain, yet beneath the calm surface, real storms were brewing. These began to surface halfway through the corporate earnings season, when results from the ‘Magnificent Seven’ led to significant volatility in their.