SOFR OPTIONS: Post-Data Update
Near term vol sales and better upside call structure buying reported post-data, spec accts looking f...
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GOLD TECHS: Breaches The 50-Day EMA
- RES 4: 4300.0 - Round number resistance
- RES 3: $4291.6 - 23.6% retracement of the Mar 2 - Jun 30 bear leg
- RES 2: $4220.7 - High Jun 22
- RES 1: $4213.5 - Intraday high
- PRICE: $4190.0 @ 14:51 BST Aug 05
- SUP 1: $3996.1/3943.3 - Low Jul 29 / Low Jun 30 and the bear trigger
- SUP 2: $3900.0 - Round number support
- SUP 3: $3886.6 - Low Oct 28 2025
- SUP 4: $3771.1 - 1.382 proj of the Jan 29 - Feb 2 - Mar 3 price swing
Gold is trading higher and the metal has breached the upper resistance of a triangle formation. Attention is on resistance at the 50-day EMA, at 4184.27. This hurdle has been pierced and a clear break of it would highlight a stronger short-term bull cycle and a possible reversal. This would open $4220.7 next, the Jun 22 high, ahead of 4291.6, a Fibonacci retracement. Key support and the bear trigger lies at $3943.3, the Jun 30 low.
MNI EXCLUSIVE: MNI speaks to Eurosystem sources on the outlook for [...]
MNI speaks to Eurosystem sources on the outlook for monetary policy -- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
IRAN: Regional Officials Tell AP Negotiatiors Have Finalized Deal Draft
We note reports doing the rounds on social media citing Associated Press, writing that "Regional officials tell AP negotiators have finalized the draft of a deal"
- This isn't particularly new news - in fact it appears in both Newsday here: https://www.newsday.com/news/nation/iran-war-us-hormuz-trump-august-5-2026-c56691
- and Fortune here: https://fortune.com/2026/08/05/trump-claims-yet-again-that-a-deal-to-reopen-hormuz-is-close/
Original AP report here: https://apnews.com/article/iran-war-us-hormuz-trump-august-5-2026-ecdbd96f2b46c70beb5926d8508f9c55
