ThinkMarkets

📰 NEWS!

🔥 US and Iran traded strikes over the weekend before agreeing to pause Sunday — the most serious test of the 60-day MoU yet. Technical talks resume in Doha.

🛢️ Brent near $72 | WTI near $69 at war-cycle lows, before bouncing Monday as Hormuz flows continue despite the flare-up.

💵 The dollar is near its highest level in over a year, with hawkish Fed signals and Gulf tension keeping the bid firm ahead of Thursday’s NFP.

🥇 Gold closed near $4,027 on Friday as dollar strength and ~80% December rate-hike pricing outweighed safe-haven flows from the weekend strikes.



📅 KEY EVENTS THIS WEEK (holiday-shortened)

🇪🇺 Tue: Eurozone Flash CPI – 10:00 GMT

🇺🇸 Wed: ADP Non-Farm Employment Change – 13:15 GMT

🇺🇸 Wed: US ISM Manufacturing PMI – 15:00 GMT

🇺🇸 Thu: US June NFP + Unemployment Rate – 13:30 GMT

🇺🇸 Fri: US markets closed – Independence Day observed

🚨 Gold is in freefall this morning and the market is moving fast.

XAU/USD has crashed to $4,105, down 2% as markets price in a September Fed rate hike. Gold is now down 9.6% over the past month and sitting right on a critical support level.

Thursday's PCE inflation data could be the next big catalyst. Are you positioned? 👀