{"id":1048,"date":"2026-08-04T05:20:50","date_gmt":"2026-08-04T05:20:50","guid":{"rendered":"https:\/\/goontrading.com\/en\/daily-summary-sense-of-relief-to-global-markets%f0%9f%8e%a2-oil-prices-dip-8%f0%9f%9a%a8\/"},"modified":"2026-08-04T05:20:50","modified_gmt":"2026-08-04T05:20:50","slug":"daily-summary-sense-of-relief-to-global-markets%f0%9f%8e%a2-oil-prices-dip-8%f0%9f%9a%a8","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/daily-summary-sense-of-relief-to-global-markets%f0%9f%8e%a2-oil-prices-dip-8%f0%9f%9a%a8\/","title":{"rendered":"Daily summary: Sense of relief to global markets\ud83c\udfa2 OIL prices dip 8%\ud83d\udea8"},"content":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading<\/a> — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

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Monday\u2019s trading session brought a marked sense of relief to global markets, with investors regaining their appetite for risk in droves following the weekend\u2019s political decisions relating to the conflict in the Middle East.<\/p>\n

The main factor of variability<\/h2>\n

The main driver behind today\u2019s gains was President Trump\u2019s decision to call off the planned attack on Iran, which calmed investors\u2019 nerves following weeks of mounting fears over an escalation of the conflict. The market reacted with a classic \u2018risk-on\u2019 pattern, with shares rising and oil prices falling sharply, although commentators stress that a \u2018been there, done that\u2019 attitude prevails, as similar declarations have been made repeatedly without leading to a lasting solution. Sentiment was further bolstered by the easing of selling pressure on artificial intelligence-related companies following last week\u2019s sell-off.<\/p>\n

Geopolitics<\/h2>\n

The situation regarding Iran remains shrouded in uncertainty, as Trump maintains that talks with Tehran are ongoing, whilst the Iranian Foreign Ministry has denied the existence of direct negotiations with Washington, limiting discussions solely to shipping issues with Oman. The President described the Iranian authorities as incredibly duplicitous and reaffirmed the US Navy\u2019s full control over the Strait of Hormuz. The risk to shipping remains very real, as the UK Maritime Trade Operations (UKMTO) reported an incident involving an explosion near a tanker off the coast of Oman. Analysts at Fitch Solutions have raised the probability of a scenario involving further escalation to 35 per cent from 25 per cent, warning of recurring military incidents despite diplomatic progress.<\/p>\n

Macroeconomic data<\/h2>\n

Sentiment was buoyed by a strong ISM Manufacturing PMI reading for July, which stood at 55.6 points \u2013 the highest level since May 2022 and well above the consensus forecast of 54.0. The manufacturing employment index returned to expansionary territory for the first time in over two years, whilst production recorded its fastest growth in nearly five years, although price pressures remain high despite a slight decline. The yield on 10-year US bonds fell by 7 basis points to around 4.67 per cent, reflecting a slight easing of inflation concerns.<\/p>\n

Iindices<\/span><\/h2>\n

US indices closed the session with solid gains, with the Nasdaq Composite leading the rise by around 2 per cent, driven by the technology sector, whilst the S&P 500 gained 1.3 per cent and the Dow Jones rose by 0.9 per cent.\u00a0<\/p>\n

Shares<\/h2>\n

Amazon was the undisputed star of the day, as its market capitalisation surpassed $3 trillion for the first time following a rise in its share price of nearly 5 per cent, capping off its best week since 2015 following excellent quarterly results and accelerated growth at AWS. Meta gained nearly 7 per cent, whilst Alphabet and Microsoft each rose by around 5 per cent, reflecting a rebound in the Big Tech sector following earlier pressure on AI companies. Investors\u2019 attention is also turning to SpaceX\u2019s earnings debut on Tuesday \u2013 the company\u2019s first report since its June IPO \u2013 which will be a test for its ambitious valuations following the loss of over $500 billion in market capitalisation since its debut.\u00a0<\/p>\n

Currencies<\/h2>\n

The US dollar rose slightly, thereby easing some of the pressure it had come under following the latest meeting. The dollar index is up 0.17 per cent, the EUR\/USD pair is down 0.37 per cent, and the USD\/JPY pair is down 0.29 per cent.<\/p>\n

Commodities<\/h2>\n

Crude oil prices fell sharply, with WTI futures dropping by over 7 per cent to around $78.59 to $79.49 per barrel, and Brent slipping by nearly 6 per cent to between $83 and $83.73. The fall in oil prices was a direct result of the cancellation of the attack on Iran and the announcement that negotiations would resume, which reduced the geopolitical premium factored into oil prices. Gold remained stable at around $4,034 per ounce, showing minimal fluctuations against a backdrop of declining risk aversion.<\/p>\n

Cryptocurrencies<\/h2>\n

Bitcoin recorded a moderate rise of 0.48 per cent, trading in the range of $63,700 to $63,888, despite a slowdown in institutional buying. Michael Saylor\u2019s Strategy sold 1,638 BTC for $104.7 million, allocating the proceeds to dividends on preference shares and STRC buybacks. US Bitcoin ETFs recorded net outflows of $265.37 million in the final trading session of the week, resulting in total weekly outflows of $61.5 million.<\/p>\n<\/div>\n

XTB.COM<\/p>\n","protected":false},"excerpt":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker \u00a0 Monday\u2019s trading session brought a marked sense of relief to global markets, with investors regaining their appetite for risk in droves following the weekend\u2019s political decisions relating to the conflict in the Middle East. The main factor of variability The main …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-1048","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=1048"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/1048\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=1048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=1048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=1048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}