Ethereum is showing resilience, but a key test at $1,850 lies ahead

The crypto market capitalisation has remained close to the $2.16T level, having recovered from a dip to $2.13T at its lows during US trading on Monday and at the start of the Asian session on Tuesday. Pressure on the market came from the escalation of the conflict between the US and Iran, which triggered a risk-off reaction and a strengthening of the dollar. That said, the market dynamics are not straightforward, with no shortage of altcoins rising over the past 24 hours. Among the most popular coins, the top performers were NEAR Protocol (+5.3%), Uniswap (+2.5%) and SushiSwap (+1.8%), while Dash (-3.3%), Basic Attention Token (-2.6%) and IOTA (-2.5%) lagged.

Bitcoin dipped below $62K but soon rebounded, trading near $62.6K at the start of active European trading. Technically, the leading cryptocurrency remains in bearish territory, facing increased selling pressure as it approaches its 50-day moving average from below, while the previous area of local highs lies approximately $3K above the current price. However, the bears also have something to prove, and they will need to push the price below $58K to confirm the downtrend's continuation.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ UK — BOE Governor Andrew Bailey Speaks at 08:45 GMT

▶️ USDCHF. Strong growth

Today's Tuesday, the 14th of July, and we're going to talk about the CHF market.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Gold: the edge of the precipice is drawing ever closer

An unfavourable background is weighing on gold prices.

The Fed has not ruled out a July rate hike.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ USA — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.5% | 4.2%

🕒 Exp: -0.1% | 3.8%

🎯 Fact.: -0.4% 📉 | 3.5% 📉

———

⚠️ USA — Core CPI at 03:00 GMT

✔️ Prev: 0.2% | 2.9%

🕒 Exp: 0.2% | 2.8%

🎯 Fact.: 0.0% 📉 | 2.6% 📉

🇺🇸 US Pre-Market: Mixed 📊

The US stock market is showing mixed trends in pre-market trading, with a slight upward bias.

In the Information Technology sector, NVIDIA (NVDA) is up 1.94%, Broadcom (AVGO) is up 2.80%, while Microsoft (MSFT) is down 3.19%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.22%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 0.97%, while Amazon (AMZN) is up 0.19%.

The market's behaviour points to risk-on sentiment: appetite for risk is driven primarily by large-cap technology and consumer names, limiting demand for the dollar as a safe-haven asset. In the short term, the dollar may remain in a neutral range without significant upward momentum, while exchange rate moves will depend largely on Fed expectations and the broader news backdrop.

⚠️ USA — Federal Reserve Chairman Warsh Testifies at 14:00 GMT

▶️ Pro News Flash: Oil Bulls Take Control Again

🛢️ Brent crude has climbed to monthly highs after renewed concerns over disruption in the Strait of Hormuz reignited fears of tighter global oil supplies. The return of the "NACHO" trade, short for "Not A Chance Hormuz Opens", has fuelled the strongest rally since the pandemic.

🚢 Transport costs are rising as the US plans to charge for escorting oil tankers through the region, while investors reassess whether markets had become too complacent about easing Middle East tensions.

📉 Global oil inventories continue to tighten. US strategic petroleum reserves have fallen to their lowest level since 1983, while the International Energy Agency reports significant declines in worldwide stockpiles, reducing the market's ability to absorb future supply shocks.

🏦 Goldman Sachs believes new pipeline projects will eventually reduce reliance on the Strait of Hormuz, allowing much larger volumes of oil to bypass the region. However, these infrastructure upgrades are expected to take several years before providing meaningful relief.

⚠️ Although weaker Chinese demand and slower global consumption growth may limit Brent's upside over the longer term, supply risks remain firmly in focus, keeping oil prices supported in the near term.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

USDCHF Wave Analysis – 14 July 2026

- USDCHF reversed from resistance zone

- Likely to fall to support level 0.8000

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

GBPAUD Wave Analysis – 14 July 2026

- GBPAUD reversed from resistance zone

- Likely to fall to support level 1.9115

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Baidu Wave Analysis – 14 July 2026

- Baidu reversed from key resistance level 119.00

- Likely to fall to support level 100.00.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Euro Stoxx 50 Wave Analysis – 14 July 2026

Euro Stoxx 50: ⬆️ Buy

- Euro Stoxx 50 reversed from key resistance level 119.00

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ China — Real GDP at 03:00 GMT

✔️ Prev: 5.0%

🕒 Exp: 4.5%

🎯 Fact.: 4.3% 📉

———

⚠️ China — Real GDP (YTD) at 03:00 GMT

✔️ Prev: 5.0%

🕒 Exp: 4.5%

🎯 Fact.: 4.7% 📈

🗓 Economic Calendar at 2026/07/16 (GMT)

12:30 🇺🇸 Producer Price Index — Exp: 0.0% | 6.2% Actual: -0.3% | 5.5%

12:30 🇺🇸 Core PPI — Exp: 0.3% | 5.2% Actual: 0.2% | 4.7%

12:30 🇺🇸 Empire State Manufacturing Index — Exp: 9.3 Actual: 15.6

13:45 🇨🇦 ⚡️ Overnight Rate — Exp: 2.25% Actual: 2.25%

13:45 🇨🇦 ⚡️ BOC Rate Statement

13:45 🇨🇦 ⚡️ BOC Monetary Policy Report

14:00 🇺🇸 ⚡️ Federal Reserve Chairman Warsh Testifies

14:30 🇨🇦 ⚡️ BOC Press Conference

14:30 🇺🇸 Crude Oil Inventories — Exp: -1800K Actual: -1693K

06:00 🇬🇧 ⚡️ Gross Domestic Product — Exp: 0.0% | 0.5%

06:00 🇬🇧 Industrial Production — Exp: -0.1% | 1.2%

06:00 🇬🇧 Manufacturing Production — Exp: -0.2% | 1.9%

06:00 🇬🇧 Goods Trade Balance — Exp: -22.8B


[Updated in real time]

Crypto market breaks above the 50-day MA: Bitcoin eyes $73–74K

The crypto market capitalisation rose by 3.5% to $2.22T, reaching a three-week high, following the release on Tuesday of weak US inflation data, which showed inflation slowing at its fastest rate in the last six years, thereby reducing the likelihood of a Fed rate hike. The market has risen above its 50-day moving average, signalling one of the first indications of a shift towards a medium-term bullish trend. Among the most popular coins, the top performers over the last 24 hours were Zcash (+8.8%), Chainlink (+5.2%) and Ethereum (+4.9%). Meanwhile, among the laggards, there was also a very moderate pullback, with losses for IOTA (-1.7%), Internet Computer (-0.8%) and Theta Network (-0.4%).

Bitcoin is trading near $65K following an impressive surge on Tuesday, which helped it close above the 50-day moving average and the upper boundary of the downward channel in place since early June. This is a strong signal of a potential trend reversal, further supported by fundamental data: lower inflation figures. Provided the leading cryptocurrency does not face obstacles in the form of deteriorating geopolitical conditions, the next significant resistance level may not be reached until $73–74K. This is where the downward momentum originated in early June, and it is also where the 200-day moving average is located.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

Crude Oil: Emotions are running high

Fear is driving the Crude oil market again.

The decline in global stocks is making the ‘black gold’ market more vulnerable.

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing positive momentum in pre-market trading.

In the Information Technology sector, Microsoft (MSFT) is up 0.84%.

In the Communication Services sector, Meta Platforms (META) is up 0.62%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 0.67%, while in the Consumer Staples sector, Walmart (WMT) is up 0.22%.

In the Health Care sector, Eli Lilly (LLY) is down 0.38%, while Johnson & Johnson (JNJ) is down 2.36%.

The prevailing gains among major companies point to risk appetite and emerging risk-on conditions. In this environment, demand for the dollar as a safe-haven asset is limited, and its performance remains neutral and subdued with no clear momentum toward appreciation.

Chainlink Wave Analysis – 15 July 2026

- Chainlink broke resistance zone

- Likely to rise to resistance level 8.62

——————
FxPro. Trade Like a Pro. | Subscribe | Boost

⚠️ Canada — Overnight Rate at 03:00 GMT

✔️ Prev: 2.25%

🕒 Exp: 2.25%

🎯 Fact.: 2.25%

———