Oil nearing a bad deal

US involvement in FX interventions has weakened the dollar.

Brent is banking on a de-escalation of the conflict in the Middle East.

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⚠️ USA — ADP Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 95K

🕒 Exp: 68K

🎯 Fact.: 44K 📉

🇺🇸 US Pre-Market: Moderately Positive 📈

Moderately positive trends are prevailing in the US stock market pre-market.

In the Information Technology sector, NVIDIA (NVDA) is up 1.56%, Advanced Micro Devices (AMD) is down 7.80%, while Microsoft (MSFT) is up 0.55%.

In the Communication Services sector, Alphabet (GOOGL) is up 1.33%.

In the Consumer Discretionary sector, McDonald's (MCD) is up 0.51%, while Starbucks (SBUX) is up 0.65%.

With gains concentrated among market cap leaders in the technology sector, the market environment is more consistent with a risk-on mode: interest in risk assets remains strong, demand for the dollar as a safe-haven asset is subdued, and the short-term dollar trend appears largely neutral.

⚠️ USA — ISM Services PMI at 03:00 GMT

✔️ Prev: 54.0

🕒 Exp: 54.5

🎯 Fact.: 54.1 📉

🗓 Economic Calendar at 2026/08/07 (GMT)

12:30 🇺🇸 Unemployment Claims — Exp: 203K Actual: 199K

02:38 🇨🇳 Trade Balance — Exp: 108.6B | 735B Actual: 112.5B | 767B


[Updated in real time]

Crypto took the stock market rally with caution

The crypto market capitalisation has risen by 1% over the past day to $2.21T, returning to the levels seen at the end of last month. Over the past 24 hours, the top performers among the most actively traded altcoins were Theta (+5.6%), SushiSwap (+4.2%) and Aptos (+3.2%). The biggest declines were seen in Aave (-3.4%), Basic Attention Token (-3.2%) and Algorand (-2.7%). The recovery in risk appetite across global markets has once again had a knock-on effect on cryptocurrencies, as hopes for the imminent adoption of the CLARITY Act fade and shares are increasingly seen as a competitor, drawing interest and capital away from cryptocurrencies.

Bitcoin approached $65K, its highest level in five days. This achievement does not seem particularly significant against the backdrop of the impressive rally in US equity markets and the surge in precious metals prices on Wednesday. It appears that traders in the leading cryptocurrency do not consider this surge in risk appetite to be favourable for cryptocurrencies. In previous prolonged downtrends, confident buying by a broad range of participants began after the 200-day moving average turned upwards and the price consolidated above it. This approach does not allow one to buy at the lowest price, but it optimises the duration of the drawdown, given market uncertainty.

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How will the yen defend its gains?

The BoJ’s support is needed to maintain current USDJPY levels.

The return of the ‘sell America’ trade is weighing on the USD.

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🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing a positive trend in pre-market trading, with major technology and energy companies up, indicating increased risk appetite.

In the Information Technology sector, NVIDIA (NVDA) is up 1.18%, Apple (AAPL) is up 0.95%, while Microsoft (MSFT) is down 0.61%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.31%.

In the Energy sector, Exxon Mobil (XOM) is up 1.33%, while Chevron (CVX) is up 1.27%.

The dominance of gains among the largest names by market cap is driving risk-on sentiment. Demand for the dollar as a safe-haven asset is limited, with investor interest shifting toward equities and, to some extent, Treasury yields. As a result, the dollar is likely to remain neutral or slightly subdued in the short term, with no clear momentum for appreciation.

▶️ Silver. Growth above $100

Today is Thursday, August sixth, and we're talking about the silver market — where things are getting really interesting.

Today we'll be looking at the daily chart. As a reminder, back in 2026 we saw a major correction that essentially cut the price of silver in half. But now there are strong reasons to believe that correction is over — and we're heading into a fairly sharp rally, with a minimum target range of eighty to one hundred dollars.

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TripAdvisor Wave Analysis – 6 August 2026

– TripAdvisor broke support zone

– Likely to fall to support level 9.12

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Walt Disney Co Wave Analysis – 6 August 2026

Walt Disney Co: ⬆️ Buy

– Walt Disney Co broke resistance zone

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EURCAD Wave Analysis – 6 August 2026

– EURCAD reversed from resistance zone

– Likely to fall to support level 1.6100

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FTSE 100 Index Wave Analysis – 6 August 2026

FTSE 100 Index: ⬇️ Sell

– FTSE 100 reversed from long-term resistance level 10950.00

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🗓 Economic Calendar at 2026/08/08 (GMT)

12:30 🇺🇸 ⚡️ Non-Farm Employment Change — Exp: 85K Actual: -23K

12:30 🇺🇸 ⚡️ Unemployment Rate — Exp: 4.2% Actual: 4.1%

12:30 🇺🇸 Average Hourly Earnings — Exp: 0.3% | 3.5% Actual: 0.1% | 3.2%

12:30 🇺🇸 Change in Private Payrolls — Exp: 78K Actual: 30K

12:30 🇨🇦 ⚡️ Employment Change — Exp: 17.8K Actual: 75.1K

12:30 🇨🇦 ⚡️ Unemployment Rate — Exp: 6.5% Actual: 6.4%

12:30 🇨🇦 Part-Time Employment Change Actual: 38.6K | 36.6K

14:00 🇨🇦 Ivey PMI — Exp: 55.5 Actual: 55.1 | 54.1


[Updated in real time]

The crypto market continues to gather momentum for a breakout

The crypto market capitalisation has returned to the $2.19T level, retreating into its previous trading range following a flight from risk assets on Thursday evening and the continuation of this trend on Friday morning. The market remains indecisive just above its 50-day moving average, as bearish momentum has already petered out and buyers have found no reason to act. Over the past 24 hours, leading cryptocurrencies have mostly fluctuated between -2.5% and +1.5%. The biggest gains came from Cardano (+7%) and Algorand (+3.2%), while Near (-4.8%) and Avax (-3.9%) led the declines.

Bitcoin made another attempt yesterday to climb above $65K, but once again failed. The consolidation range has narrowed from $58K to $66K in June to just within $62K and $66K over the last 30 days. The good news here is the higher lower boundary, but without a break above recent highs, it is difficult to attract a wider audience of traders and convince them that the bear market is over. On the other hand, the longer the lull, the more dramatic the breakout from consolidation is likely to be. In this case, a breakout above $66K could prove to be a self-fulfilling prophecy, attracting those who have been on the sidelines for a long time.

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The dollar wavers but climbs

Doubts over the effectiveness of the Iran-Oman deal are bolstering the greenback.

USDJPY has recouped half of the losses incurred due to intervention.

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⚠️ USA — Non-Farm Employment Change at 03:00 GMT

✔️ Prev: 20K

🕒 Exp: 85K

🎯 Fact.: -23K 📉

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⚠️ USA — Unemployment Rate at 03:00 GMT

✔️ Prev: 4.2%

🕒 Exp: 4.2%

🎯 Fact.: 4.1% 📈

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⚠️ Canada — Employment Change at 03:00 GMT

✔️ Prev: 18.2K

🕒 Exp: 17.8K

🎯 Fact.: 75.1K 📈

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⚠️ Canada — Unemployment Rate at 03:00 GMT

✔️ Prev: 6.5%

🕒 Exp: 6.5%

🎯 Fact.: 6.4% 📈

🇺🇸 US Pre-Market: Mostly Positive 📈

Following the release of unemployment figures, the US stock market is showing positive momentum in pre-market trading.

In the Information Technology sector, NVIDIA (NVDA) is up 1.03%, Broadcom (AVGO) is up 1.71%, while Microsoft (MSFT) is down 0.33%.

In the Communication Services sector, Alphabet (GOOGL) is up 0.11%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 1.03%, while Amazon (AMZN) is up 0.74%.

The predominance of gains among mega-cap stocks is fostering risk-on sentiment within the US market: demand for safe-haven dollar assets remains subdued, while the short-term dollar outlook appears neutral.

Gold seems to have completed its corrective pullback

Last week, gold posted a modest July gain, which has already given buyers a significant boost this week. With prices up 6.5% since the start of the week, gold has confirmed a major technical breakout, bringing to an end the downtrend that began in February. The price rebounded from the key psychological level of $4,000 – where the correction also ended last October – and from the 61.8% retracement of the 2022–2026 rally, reinforcing the significance of the reversal signal.

The bulls also have the strength with which gold broke through the 50-day moving average earlier this week in their favour; this average had served as support for the uptrend since the start of 2025, before turning into local resistance in March. If this is not a false breakout, this line could once again act as support for the medium-term bullish trend.

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