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July 2026 Monthly

June 27, 2026
Markets enter July with a ceasefire that nobody quite trusts. The 60-day de-escalation between Washington and Tehran has done its job on paper, traffic in the Strait of Hormuz has increased markedly. Oil has responded accordingly, with August WTI down more than 30% from its May18 peak of over $100 a barrel. It reached around $69 compared with a li…
July 2026 Monthly July 2026 Monthly Reviewed by Marc Chandler on June 27, 2026 Rating: 5
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Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier

June 26, 2026
There have been two key developments this week and they are both evident today. The first is the continued pullback in oil prices. August WTI is off almost 9% this week, after dropping as much last week and 5.25% the week before. It is near $69 compared with slightly below $66 before the war began. September Brent is off a little more than 9% this…
Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier Oil Resumes Decline, Tech Shares Extend Slump, Greenback Trades Heavier Reviewed by Marc Chandler on June 26, 2026 Rating: 5
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Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings

June 25, 2026
The strong dollar advance seen in recent days is consolidating today. The G10 currencies are trading in narrow ranges. Most of them are +/- 0.1%. The New Zealand dollar and Norwegian krone are off a little more. The Canadian dollar is threatening to extend its losing streak for the 11th consecutive session. The greenback crept closer to JPY162 whi…
Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings Dollar Consolidates, Oil Slips Lower, Equities Helped by Micron Earnings Reviewed by Marc Chandler on June 25, 2026 Rating: 5
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Dollar Extends Gains Without Support of Higher Rates

June 24, 2026
The US dollar’s rally is extending today, but the market remains cautious about intervention by Japanese officials. The Dollar Index has not fallen since last Tuesday. It has risen by a little more than 2% since the Fed delivered its hawkish hold last week. Yet, for the second consecutive session, the dollar is rising without it being backed by hi…
Dollar Extends Gains Without Support of Higher Rates Dollar Extends Gains Without Support of Higher Rates Reviewed by Marc Chandler on June 24, 2026 Rating: 5
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Stocks Slide, Tech Hit, Greenback Trades Higher but Market Turns more Cautious on Yen Stocks Slide, Tech Hit, Greenback Trades Higher but Market Turns more Cautious on Yen Reviewed by Marc Chandler on June 23, 2026 Rating: 5
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Sterling Proves Resilient as Starmer says Good Bye

June 22, 2026
Conflicting news from the Middle East initially lifted oil prices and weighed om risk-taking appetites, but US-Iran negotiations continue and both sides report progress. Oil prices have come back off. The dollar is mostly firmer but so far has held above last week’s lows against the euro and sterling. The yen snapped a five-day slide ahead of the …
Sterling Proves Resilient as Starmer says Good Bye Sterling Proves Resilient as Starmer says Good Bye Reviewed by Marc Chandler on June 22, 2026 Rating: 5
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Video: Last Week's Echo to Reverberate

June 20, 2026
Here is a few minute video  where I try to sketch out the significant developments last week, including the Fed's hawkish hold, BOJ rate hike, and the by-election in the UK, whose effects may not have run their course yet.  That said, the Fed's hawkish hold will likely to persist, and the El Nino weather pattern warns of the risk of anothe…
Video: Last Week's Echo to Reverberate Video: Last Week's Echo to Reverberate Reviewed by Marc Chandler on June 20, 2026 Rating: 5
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