BingZi Forex Solutions, 10 Woodlands Square, #04-53 Woods Square, Singapore (2026)

14/07/2026

Big banks shine as soft CPI lifts bonds but ugly breadth exposes the market’s fault lines

https://www.fxstreet.com/analysis/big-banks-shine-as-soft-cpi-lifts-bonds-but-ugly-breadth-exposes-the-markets-fault-lines-202607142246?utm_source=telegram&utm_medium=channel&utm_campaign=-1001510625232

14/07/2026

15 JUL 2026......Market Updates

Here is what had happened last night :

1. US Inflation fell from 4.2% (May) to 3.5% (Jun) as gasoline prices eased.

2. Warsh testifies that short term US inflation has fallen, but he will ensure that inflation management will be his mission, even if he has to go against Trump

3.The US Banks Earnings reported positive earnings for all 5 (JPMorgan, Goldman Sachs, Citi, Bank of America and Wells Fargo)

4. Trump decided to scrap the 20% shipping fee after Gulf nations negotiated with him to replace it to direct foreign investments from gulf nations into the US.

5. A US brokered talk between Lebanon and Israel will be held in Rome today, to implement a framework deal

6. US and Iran continues to launch strikes at each other while keeping the door open for diplomacy.

The S&P traded flat even though IBM shares fell 25% and closed @ 7,543 (range 7,512 - 7,557).

The US10Y and the DXY traded lower on the surprised lower US CPI print and closed @ 4.56% (range 4.51%-4.63%) and @ 100.94 (range 100.61 - 101.24) respectively.

Though the news were generally positive on three fronts (US CPI, Warsh Testimony and US/Iran war), the S&P, DXY and the US10Y did not make any decisive directional changes.

The XAU/USD spiked up from a low of 3983.29 to a high of 4107.04 before closing @ 4053.00.

The USD/JPY fell from 162.47 to a low of 161.60 before closing @ 162.22.

Technically, all counters were still trading inside Monday's range.

Will not be able to offer any directional guidance today as the price actions have locked themselves into a pivot zone for now.

Will allow the market to unfold over the next 2 days before assessing the next short term directional bias.

The focus today will still be on Warsh second and final day at his Testimony to the Senate Committee.

The US Core PPI and PPI , earnings report from Blackrock and Morgan Stanley and the US Beige Book will be the highlights for today.

Let's see.

13/07/2026

14 Jul 2026.......Market Updates

Oil price surged, Treasury yields spiked and stocks fell as the US/Iran tic-for-tat escalated into a full war with the US reinstating its naval blockage immediately.

Trump said that he will charge the gulf nations 20% fees for ships transiting the Hormuz Straits!

Brent crude rose from $78 to $81.92 (high $120 at the height of the war).

Meanwhile, the Houthis fired missiles at Saudi Arabia targetting their International Airport, accusing the kingdom of bombing an airport under their control.

Iran also proceeded to hit more US military sites located in Bahrain, Kuwait and the UAE, in retaliation to the US breaking ranks with the MOU terms that Iran will be allowed to control shipping during the 60 days ceasefire.

Throughout these mayhem, technical talks are still going on between Iran and the US.

Trump says that a deal with Iran remains possible.

Meanwhile, Wall Street took a hit as AI stocks fell on inflation expectations as the US/Iran war reignited.

Fed Waller gave a very hawkish speech that core inflation @ 2.8% is too high and interest rates need to be raised soon.

SK Hynix fell a record 15% after its recent NASDAQ strong debut.

Retail investors are also cashing out on Apple, tesla and chip stocks.

All these are happening before the Earnings Report for US financial giants JPMorgan, Goldman Sachs, BOfA , Wells Fargo and Citi will be released today.

They are all expected to report positive results despite the exceptionally high bar set by the recent quarters.

Warsh is also making his maiden testimony to the Senate Committee tonight about the US financial health.

Warsh earlier said that the June US inflation drop is a caveat that may allow him to cut interest rates contingent on the incoming inflation data supporting the move.

The S&P traded a tad lower and closed @ 7,515 (range 7,506 - 7,563).

The DXY and the US10Y spiked up and closed @ 101.28 (range 100.79 -101.28) and @ 4.61% (range 4.56% - 4.62%) respectively.

The USD/JPY traded up again after news that Japan has no plan to change the GPIFS target asset allocation of its state pension funds, undoing the recent drop in the USD/JPY below 162.00.

Technically, the USD/JPY is now looking beyond 163.00, based on yesterday price actions.

The XAU/USD had broken below 4040.00 (low 3985.17), messed up the bullish technical set up, and defaulting back to the downside target of 3600.00 to find the next baseline.

Both the US10Y and the DXY has reinstated their bullish inclination after last night's price actions.

Focus today will be on the US Core CPI + CPI, US Earnings, ADP Employment Change and Warsh testimony.

Let's see.

11/07/2026

13 JUL 2026 .......Market Updates

Last week ended in "peace" as the US continue to be open for talks but announced that the ceasefire with Iran is over.

As usual, Trump said that Iran called him and requested to talk but Iran denied.

This is the same "play book" whenever Trump "regrets" his actions but does not want to admit.

The situation is now very clear: As long as the US does not try to be funny (like sneaking ships to sail near the Oman Coast), Iran will not waste their ammunition.

Hence, everything is in the US court, and Trump is stuck and at the mercy of Iran's resilience!

Nevertheless, there was no more tic-for-tat strikes between the US and Iran last Friday as the market ignored the war and focus on buying AI stocks, which has taken a new life of its own.

Wall Street rallied on South Korea SK Hynix being listed on Wall Street at a tune of US $26.5 billion, beating Alibaba's US$21.8 billion in New York initial public offering!

US and Canada also struck a deal on tolls collection to opening the new $4.7 billion bridge connecting Detroit and Winsor (Ontario).

Barring any US/Iran offensive over the weekend, the week is expected to start on a good footing, as the week will see earning reports for 20261H for banks (JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup) scheduled for release on Tuesday.

There is no data on Monday and the key events to watch besides the Earning Reports, are Warsh Testimony to the US Senate Committee on the Semiannual Monetary Policy on Tuesday and Wednesday.

That will be followed by the US Beige Book on Wednesday.

The S&P traded higher last Friday and closed @ 7,575 (range 7,568-7,579) on the rally of AI stocks.

The DXY traded higher but still unable to break above 101.00 and eventually closed @ 100.96 (range 100.71-101.00).

The US10Y also traded up and closed 4.56% (range 4.52% - 4.57%).

Overall, the market sentiment has shifted away from the geopolitical risk to focus on risk-on into AI counters as Oil prices also dip lower on no further US/Iran strikes.

Technically, the USD/JPY dropped sharply below 162.00 and hit a low of 161.28 on the Japanese government encouraging pension funds to invest in domestic counters and assets.

This move down is expected to be more sustainable than a BOJ intervention.

Hence, will see the USD/JPY being supported at 161.20 for three days, while making a corrective rally towards 162.30 before resuming the downtrend for 155.00 target.

The XAU/USD traded inside a 4070.00-4130.00 range and is expected to find support @ 4050.00 to resume its trend towards 6000.00 (end 2026 target).

Will see one more final dip towards 4060.00 before we attempt to break 4200.00 on the upside.

The DXY's loss of upside momentum disrupted the bullish trend and is expected to trade lower towards 100.00 with a cap @ 101.00 for now.

Monday will be a quiet day as the market is expected to trim some positions ahead of Tuesday.

Let's see.

10/07/2026

10 JUL 2026......Market Updates

The world decided to adapt and move on yesterday despite re-escalations of the war in Iran.

The S&P and NASDAQ traded higher on renewed AI demand.

The S&P closed @ 7,543 (range 7,482-7,546), tracking higher Asian stock markets performance as Seoul and Japan both closed higher, despite the fresh news of Iran and US striking each other again yesterday

The DXY, US10Y and Oil prices all dropped as the market shrugged off the "never-ending Iran war" last night!

Trump's allowing Ukraine to produce US Patriot missiles prompted Putin to escalate the war in Ukraine instead, as that became a new source of motivation to end the war faster.

It was a very counter-intuitive night for the market as everything went the other directions.

The DXY and US10Y fell as the US Jobless Claims registered less claims, supporting a rate hold to a rate cut.

The DXY and the US10Y traded lower and closed @ 100.94 (range 100.79-101.04) and @ 4.54% (range 4.52%-4.59%) respectively. Technically,

The XAU/USD rebounded from a low of 4021.50 to hit a high of 4138.87 and it is expected to continue to track higher to attempt a break of 4200.00.

Hence, look to buy any dips for the 6000.00 year-end target.

The USD/JPY has also seemed to have established a top @ 162.70 before hitting a low of 162.25 before closing @ 162.35.

The positive US/Japan yield play looks to be losing its upside momentum despite no BOJ intervention.

It is expected to start easing off lower, on more dovish US market expectations, as a result of the positive US data that had been released of late.

Hence, the USD/JPY will still target 155.00 as the next target, looking to SELL USD/JPY on rally.

The DXY, also lost its upside momentum and is now expected to range trade, with a downside bias between 100.00 - 101.00.

We have reached the end of the week and there is no data scheduled for release today.

The market will likely now crunch on the fact that the world has adapted on the Hormuz Straits closure.

More oil production outside the middle east and less demand for oil from China seems to be the emerging trend.

The Hormuz Straits is losing its hold of power to the world.

Let's see.

08/07/2026

09 Jul 2026......Market Updates

The NATO Summit ended on a positive tone despite Trump's lashing out on NATO members "nonchalance" to his call for reinforcement in the Hormuz Straits.

The Summit also ended with the "tearing up of the US/Iran ceasefire MOU" after Iran attack 3 tankers.

The US retaliated by attacking Iran's missiles and drone sites.

Iran retaliated and attack 85 key US military targets in Kuwait and Bahrain.

The US retaliated by another large scale attacks on Iran with reports from the newswires still unfolding.

The NATO SUMMIT ended with :

1. Trump granting rights to Ukraine to manufacture its own Patriot Missiles

2. NATO pledges EUR 70 billion for Ukraine

3. Trump threaten full embargo on Spain for not committing enough NATO spending (target is 5% GDP).

The much awaited US FOMC Minutes shows that all members unanimously voted to hold rates, while acknowledging that the US labour market is stable.

Fed members had also agreed to not use previous dovish language and to release shorter monetary policy statement going forward.

Fed members also see scenarios where inflation would cool down on its own accord but also seeing situations where inflation will remain high enough to warrant an eventual rate hike.

The S&P fell on fresh US attacks on Iran and closed @ 7,482 (range 7,422-7,486).

The DXY also fell and closed @ 101.07 (range 100.95-101.27) while the US10Y rallied and closed @ 4.58% (range 4.54% - 4.60%) respectively.

Brent Futures hit a high of $80 (recent range $70 - $119) on the US/Iran war.

Technically, the XAU/USD plunge towards BUY-ZONE (4000.00-4040.00), hit a low of 4021.53 before closing @ 4065.00.

Technically, as long as 4000.00 holds, the XAU is expected to trade higher towards 6000.00 (end 2026 target).

The USD/JPY traded higher and closed @ 162.55 (range 162.08-162.70) but is still technically bound for 155.00 downside target with a cap @ 163.00.

The DXY is showing loss of upside momentum despite the escalation of the US/Iran war and higher oil prices.

This could be an indication that the market might reverse and see DXY lower against all other currencies.

Trump was not specific when asked if the MOU with Iran has broken down.

It is likely that negotiation talks will still continue as both sides launches tit-for-tat strikes.

With the major US FOMC Minutes out of the way, there is little US data to watch for the rest of the week.

The usual Thursday US Jobless Claims will be the last US data scheduled for release this week.

Let's see if the XAU/USD will trade higher and close above 4150.00 by the end of the week.

07/07/2026

08 JUL 2026.......Market Updates

The market did not react to last night's US ADP Nonfarm Employment Change which registered a drop from previous 30.80K to 24.30K while US Trade balance registered an above consensus number of -77.60B (consensus -78.30B, previous -54.60B).

However the market began to move on news that three tankers transiting the Straits of Hormuz under US patrol were hit as Iran reassert its control over the Straits.

Iran has warned that any ships that were not registered to pass through the Straits of Hormuz will be attacked.

The US retaliated by reinstating sanctions on Iran's oil and began a series of powerful strikes on Iran in retaliation, reigniting the US/Iran conflict.

This is a developing news and was released @ about 5.30 am Singapore time and the Far East has yet the chance to react.

Expect the XAU/USD to tank while the DXY to rally on Far East open later.

Meanwhile, the NATO Summit began with most NATO members trying very hard to impress Trump, that they had increased their defense spending to alleviate the US defense burden.

Trump told NATO (threat) that he is considering selling F-35 stealth fighter jets to Turkey which was not an ally of the US.

Netanyahu immediately issued a warning that Turkey is a nation infected with Muslim Brotherhood who hated the US.

This is probably a ploy that Trump is using to get Netanyahu not to misbehave.

Trump also broached the occupation of Greenland as an "incentive" for the US to remain in NATO.

Meanwhile Wall Street traded lower as players rotated out from AI to Stables counters.

The NASDAQ fell 1.16% while the S&P slid lower to close @ 7,503 (range 7,429-7,552).

AI stocks fell as expectations are up but fundamentals are struggling to hit these high expectations.

This happened, even when SpaceX was included in the NASDAQ-100 last night, despite very bullish calls of $300 by analysts.

The DXY and the US10Y were boosted by higher oil price as a result of the US/Iran conflicting reigniting.

The DXY closed above 101.00 @ 101.14 (range 100.84-101.14) and @ 5.55% (range 4.48%-4.56%) respectively.

Technically, the XAU/USD plunged from a high of 4180.98 to a low of 4091.84 before closing @ 4150.00, before the US announced that they had begin heavy strikes against Iran.

The XAU/USD is likely to test BUY-ZONE (4000.00-4040.00) later in the day.

It is then expected to rebound and resume it's uptrend towards 6000.00 (end 2026 target).

The USD/JPY is expected to face resistance 162.30 (last-line-of defense) before resuming lower in an attempt to break below 160.50.

The resolve of the BOJ will once again be tested .

The RBNZ will announce its interest rates decision today and the market is watching closely for Warsh first FOMC Minutes tonight at 2 am Singapore time.

Let's see.

06/07/2026

07 JUL 2026......Market Updates

US stocks recovered a tad as a post-war crude supply surge, weighed on crude prices on Monday yesterday.

The DXY was ranged bound but stayed above its 100.50 support, while the DXY traded sideways, as players prepare for today's NATO Summit (Trump will be attending), the US ADP Employment Change and the US 1-Year Consumer Inflation Expectations scheduled to be released tonight.

On the geopolitical front, everything is quiet in Israel, Lebanon, Iran and the US as all took a pause to more conflicts.

Russia, on the other hand killed 26 , exposing Ukraine air defense shortage in Kyiv, ahead of today's NATO Summit.

Ukraine was reported to be unable to down any of the 23 missiles fired by Russia, as Ukraine used up its US supplied Patriot Missiles.

Meanwhile, Trump was irked by the super turnout in Iran, as millions attended the funeral of the late Iranian Supreme Leader (Ayatollah Khamenei) funeral.

The crowd was ignited and hungry for revenge against the US, contrary to Trump's wrongly perceived notion that Iran is a divided nation wanting a revolution!

Trump, as usual, tweeted that if no deal is made, he will wiped Iran from the face of the earth to calm his personal anxiety.

China test fired a missile from a nuclear submarine into the Pacific Ocean, alarming regional powers.

The S&P traded sideways, firmed up by Broadcom, AMD and other tech names and closed @ 7,537 (range 7,508-7,550).

The DXY recovered above 101.00 but closed @ 100.86 (range 100.86-101.13).

The DXY traded sideways, awaiting for this week's FOMC Minutes (Thursday 2am Singapore) and closed @ 4.46% (range 4.45%-4.49%) respectively.

Technically, the USD/JPY challenged the BOJ resolve yesterday and hit 162.00-162.40 SELL-ZONE (range 161.45-162.42) before closing lower @ 162.08.

The acid-test now, is for 162.40 to cap it over the next 2 days, for a move below 160.00, still targeting 155.00 as the next pit-stop.

The XAU/USD failed to close above 4200.00 (Range 4128.27-4203.60), closing @ 4166.00.

The XAU/USD price action is currently "iffy", as the risk for a move lower towards 4040.00 opens, if it is not able to stay above 4120.00 today.

The DXY directional bias looks to be still pointing higher towards 103.30 but will have to decisively closed above 102.50 first, with 100.50 as a baseline for higher.

The NATO Summit is the event to watch closely today as Trump will be making speeches on the US NATO membership and also ending the Russia/Ukraine war.

Let's see.

04/07/2026

6 JUL 2026......Market Updates

Last Friday ended in peace, as the US left to celebrate Independence Day while Iran proceeded with the burial ceremony of Ayatollah Khamenei without incidents.

Services PMI data from China, Japan, the EU, UK and the US all showed positive above consensus numbers, suggesting that the global economy is holding up well despite the US/Iran war.

US NFP and Unemployment declined unexpectedly, suggesting that the Fed may not have to hold or even hike US interest rates, bringing much relief to market players.

The Russia/Ukraine war is also showing "signs" of winding down as reports that Putin has finally admitted that he is running low on ammunitions and money to perpetrate the war further.

Zelensky's timely offer to meet him in the presence of Trump in the US may possibly materialise, after 5 long years of war.

The USD/JPY found demand again as it pops up from its 160.48 low to close @ 161.35 (high 161.53) as players coverered their short dollar positions ahead of the long US weekend.

The XAU/USD also found buyers (central banks?) as it closed just below 4200.00 @ 4175.00 (range 4122.63-4196.05).

Technically, the XAU/USD is expected to punched above 4200.00 this week and aim to see its first pit-stop @ 4380.00.

The USD/JPY is also expected to revisit its SELL-ZONE (162.00-162.40) before turning around for the very elusive 155.00 target again.

The RBNZ will be announcing its interest rates decision on Tuesday.

With NZ inflation @ 3.1% and current interest rates at 2.25%, the RBNZ could hike rates by 25 bp, as they are still committed to bring inflation down to 2%.

Monday will see the scheduled release of the US S&P Global Services PMI, ISM Non-Manufacturing Prices.

The week ahead will be very light on data releases as focus returned to the press reports on the US/Iran, Israel/Lebanon and the Russia/Ukraine war fronts.

Let's see.

03/07/2026

Can Margin FX Trading be profitable and sustainable?

Many viewed Margin FX Trading as "gambling" and high risk.

True, nobody can predict or know where the market is going and the market is always right.

Does that make us vulnerable?

While we have no control over the market, we have control over our actions and how we can maintain composure and create conditions whereby we can remain neutral whichever way the market trades.

What is the secret to sustainable profitable margin FX trading?
.........It is not about having a fail-safe “entry-exit system”. (does not exists!)
..........It is not about being savvy in reading the market fundamentals.
(the market moves on sentiments and expectations, not logic!)
.......it is not about having the discipline in applying stop loss

The answer is how to muster the courage, to put on new trades, after a string of losses.

EMOTIONAL MASTERY IS THE ANSWER !

Having Emotional Mastery will guide us on :

1. How to put on the next trade, despite having lost money in the last 6 trades.

2. How to maintain faith and confidence that one will prevail despite a losing streak

3. How to feel “comfortable and neutral” when the market goes up or down with an open position.

BingZi Forex Solutions knows how to develop EMOTIONAL MASTERY by creating “buffer zones” that will keep one's emotion “NEUTRAL” in all types of market conditions.

We have been doing so for the last 38 years!

If you like to learn more, I am available for Seminar Talks, FX Clinics, On-Site Mentoring/Coaching.

If you are Family Offices, EAMs, Forex Brokers or Private Banks and require such expert-event talks or in-depth training, drop me a note and I will avail myself over a cup of coffee and explore how we can collaborate.

This is not a generic one size fits all programme.

All requirements will be customised to your needs.

Let me know

Philip Neo
Founder/Ceo
BingZi Forex Solutions Pte Ltd

96929841
[email protected]

BingZi Forex Solutions

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