📊 Asian Markets Asia sold off sharply as oil spiked and Middle East tensions escalated. Nikkei 225 slid ~2.9%, dropping below 65,000. Shanghai Composite fell 1.2% to 3,830. South Korea’s KOSPI tumbled 3.7%. MSCI Asia-Pacific ex-Japan down 1%. Sell-off followed a Wall Street tech rout after weak Alphabet and Tesla results.
💵 Forex USD firm on safe-haven demand and rising yields. Dollar Index at 101.46 — highest this month. USD/JPY at 163.89, yen near 40-year lows. US 10-year yield hit an 18-month high near 4.70%.
🥇 Metals & Oil Oil surged — Brent held at $100.85 after a 7% overnight spike to $102, a two-month high, as Houthi attacks on Red Sea shipping and near-closure of the Strait of Hormuz hit supply. Gold eased to $4,043 (‑0.1% today, ‑2% overnight). Silver at $57.45 after a 3.4% drop.
📅 Today’s Focus 🔹 Escalating Gulf conflict — US strikes on Iran, Iran retaliation on regional US bases 🔹 Central bank repricing — markets now see a 1-in-3 chance of a Fed hike as soon as next week 🔹 ECB left rates unchanged; a September hike is ~70% priced in
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🌅 NordFX Morning Update — July 24, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.