🌏 Asia: Tokyo closed for a holiday, Sydney and Hong Kong trading flat. RBA held rates at 4.35% as expected. Singapore Q2 GDP beat forecasts at +5.9% y/y, with the 2026 growth outlook raised to 4.5–5.5% on AI-driven investment.
💵 EUR/USD: Trading near 1.1542, softening slightly as the dollar firms ahead of key US inflation data.
🛢️ Oil surges: Brent jumped to $87.60 (+4.9%), WTI to $82.10 (+5.0%) – a fresh drone strike on a Saudi refinery and hardening Iranian rhetoric on the Strait of Hormuz reignited supply-risk premiums.
🥇 Gold: Climbing to $4,448/oz (+1.1%), drawing safe-haven demand from the oil-driven risk flare, even as the dollar strengthens.
📊 Today's focus: US CPI (Wed) and PPI (Thu) are the week's main catalysts for Fed rate-path bets, alongside EIA/API crude inventory data.
⚡ Volatility is already picking up – buckle in for the rest of the week!
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