Pippo

Oil sank and stocks wavered Monday as Iran de-escalation hopes gave way to a chip-driven selloff, while the dollar clawed back to end firmer against the majors.

AI chip stocks tumbled July 27 as a report of China’s homegrown lithography breakthrough erased an early rally, with the Fed’s rate call two days away.

The pound heads into late July split between improving data and fresh political risk. Andy Burnham’s succession as Prime Minister has unsettled gilt investors, even as services activity snaps back and the Bank of England’s rate-setters grow more divided.

Oil plunged despite Hormuz staying closed, showing how quickly geopolitical fear can fade even when physical supply risks remain unresolved.

The dollar flexed broad muscle this week as Middle East escalation and tariff headlines drove majors, while the yen and franc oddly sat out the safe-haven rally.

The Iran war, an AI-spending scare from Alphabet and Tesla, and climbing Treasury yields drove the dollar, gold, stocks, Bitcoin, and oil this week.

Trump replaced expiring global tariffs with new 10% to 12.5% duties on 60 economies over forced-labor claims, keeping the dollar firm ahead of next week’s Fed decision.

An expected ECB hold still rattled EUR/USD, proving once again that central bank language can matter more than the decision.

USD/CHF breached the upper Bollinger Band near recent highs. Could this signal trend continuation, a bearish reversal, or a short-term bull trap?

Oil surged as the U.S.-Iran conflict escalated, driving Treasury yields to fresh yearly highs and pressuring stocks and gold, while the dollar firmed on safe-haven demand and rising rate bets.