(By ATFX Analyst Team)
Key TakeawaysPresident Trump stated he would suspend new strikes against Iran if a swift agreement could be reached to halt Iran’s nuclear program and reopen the Strait of Hormuz. U.S.–Iran talks may take place Monday. Risk appetite improved further Friday, aided by positive tech earnings, lifting equities. The dollar extended its decline, while gold and oil diverged. Today’s focus: This week’s U.S. nonfarm payrolls report headlines a series of major economic releases, alongside SpaceX’s first quarterly report, lock‑up expirations, and final manufacturing PMIs across multiple countries. Volatility is expected to remain elevated. Today’s highlight is the U.S. July ISM Manufacturing PMI, forecast to rise to 54 (prior 53.3), offering insight into manufacturing resilience under current rate conditions. |
Global Market Review 03/08/2026
- U.S. equities closed higher last Friday, boosted by Amazon’s 15% surge. Weekly gains: S&P 500 +1.05%, Nasdaq +1.59%, Dow +1%.
- Dollar index fell 0.19% last Friday to 99.812, down 1.64% weekly, its largest weekly drop since late January.
- Gold fell by over 1% last Friday but posted its first monthly gain in five months.
- WTI crude rose over 3% last Friday due to supply concerns, though weekly performance was negative.
Key Events Today:
- 07:00 AU Manufacturing PMI Final JUL **
- 08:30 JP Manufacturing PMI Final JUL **
- 09:45 CN Manufacturing PMI Final JUL **
- 15:55 EU GERMANY Manufacturing PMI Final JUL **
- 16:00 EU Manufacturing PMI Final JUL **
- 16:30 GB Manufacturing PMI Final JUL **
- 21:45 US Manufacturing PMI Final JUL **
- 22:00 US ISM Manufacturing PMI JUL ***
August 4 (GMT+8)
- 20:30 US Balance of Trade JUN **
- 22:00 US Factory Orders MoM JUN **
Markets Analysis 03/08/2026
- Resistance: 1.1577 / 1.1592
- Support: 1.1497 / 1.1483
EUR/USD fell then rebounded Friday as stronger‑than‑expected Eurozone and German GDP reinforced ECB hike expectations.
Analyst View: After briefly breaking below 1.1500, EUR/USD recovered and hit highs since June 17. Needs a decisive break above 1.1550 to consolidate momentum.
Bias: Short‑term bullish
- Resistance: 1.3517 / 1.3560
- Support: 1.3416 / 1.3382
GBP/USD recovered last Friday after reaching 1.3400, supported by dollar weakness, and hit a high not seen since July 16.
Analyst View: Closed near intraday highs, testing 1.3500 on Monday’s Asia session. A break could attract more buying toward mid‑July resistance.
Bias: Short‑term bullish
- Resistance: 157.40 / 158.47
- Support: 155.04 / 154.00
Yen posted its biggest weekly gain since February after Japan’s Ministry of Finance confirmed coordinated intervention with the U.S. to buy yen.
Analyst View: USD/JPY fell over 3% in two sessions, hitting lows since May 6. Watch 155 as key support.
Bias: Short‑term pressured
- Resistance: 83.44 / 87.31
- Support: 77.19 / 74.07
OPEC+ agreed to raise September output by 188,000 bpd. Peace talks and output increase kept WTI below $80.
Analyst View: After rebounding to one‑week highs last Friday, oil opened lower on Monday’s Asia session. Trading below 20‑day MA; a confirmed break could target $77 support.
Bias: Short‑term pressured
- Resistance: 4117 / 4142
- Support: 4038 / 4014
- Resistance: 59.02 / 59.74
- Support: 56.66 / 55.92
Gold fell Friday to ~$4,020 but remains supported by hopes of U.S.–Iran talks.
Analyst View: MAs turned into resistance after last Friday’s drop. Short‑term downward pressure persists, maintaining consolidation.
Bias: Short‑term pressured
- Resistance: 52,823 / 53,061
- Support: 52,065 / 51,830
U.S. indices rose last Friday after intraday swings. Dow posted modest gains, marking two straight days higher.
Analyst View: Holding above MAs, focus on resistance near 52,900.
Bias: Mildly bullish
- Resistance: 28,867 / 29,194
- Support: 28,091 / 27,831
Nasdaq extended gains last Friday. Amazon surged, Apple fell 7%. Index recovered late, marking two days higher.
Analyst View: Closed near 10‑day MA. Whether support holds or breaks will determine shorter direction. Focus on ISM PMI.
Bias: Mildly bullish
- Resistance: 64,772 / 65,874
- Support: 62,349 / 61,266
Bitcoin traded above $63k Sunday, rising slightly as markets absorbed Coldcard wallet losses and Trump Media’s BTC sales.
Analyst View: Failed to extend gains Monday’s Asia session, staying below MAs. Short‑term rebound capped; risk of retest below $64k.
Bias: Rebound capped
Enjoy trading! The content is for reference only. Please ensure that you understand the risk.
