All main US indices closed decrease on Tuesday, 15 July, aside from the , which rose 0.1% because of Nvidia’s (NASDAQ:) continued energy. The hit a contemporary intraday all-time excessive of 6,302 early within the session however reversed beneficial properties to finish down 0.4%. Small caps had been hit hardest, with the falling 2%, whereas the misplaced 1%.
Disappointing earnings additionally weighed on sentiment. (NYSE:) declined 0.7%, (NYSE:) plunged 5.5%, and (NYSE:) slid 5.9% after reporting Q2 outcomes. The Dow underperformed resulting from its increased publicity to financials.
Sticky Inflation Alerts Stall Fed Price Reduce Hopes and Elevate The US Greenback
US June knowledge got here in marginally cooler than anticipated ( at 2.9% y/y vs. 3% forecast). Nevertheless, tariff-related inflation fears resurfaced resulting from sharp month-to-month beneficial properties in classes like family furnishings (+1%), video/audio tools (+1.1%), and toys (+1.8%), the steepest month-to-month will increase in years.
The CME FedWatch device now reveals the likelihood of a September falling to 57%, down from as excessive as 70% per week in the past. The Fed’s extra cautious outlook helped increase the , with the rising for a fourth straight day (+0.6%) to a three-week excessive of 98.79, simply shy of its 50-day transferring common (98.90), a key intermediate resistance stage.
Asia Inventory Markets Are Resilient On Constructive US-China Tariff Rhetoric
Regardless of international headwinds, most Asia Pacific markets remained resilient immediately. Hong Kong’s rose 0.3%, marking its fifth straight achieve and reaching a four-month excessive. Singapore’s prolonged its record-breaking streak, climbing 0.2% to a contemporary all-time intraday excessive of 4,129, its eighth consecutive day of beneficial properties.
The optimism was additional strengthened by feedback from US Treasury Secretary Scott Bessent, who signalled that US-China commerce talks had been progressing positively. He steered that the 12 August tariff deadline was “versatile,” easing investor fears of an instantaneous escalation.
Gold Holds Key Assist Regardless of Sturdy Greenback, Rebounds On Stagflation Fears
Gold () noticed solely a light pullback on Tuesday, falling 0.6% earlier than stabilizing at its 50-day transferring common (US$3,328), which acted as key assist. In immediately’s Asia session, the dear steel rebounded 0.5% intraday. The bounce was fuelled by stagflation issues as inflation pressures persist alongside indicators of financial softening.
Financial Information Releases
Fig 1: Key knowledge for immediately’s Asia mid-session (Supply: MarketPulse)
Chart of the Day – Nasdaq 100 on the Brink of Shaping a Potential Minor Corrective Decline
Fig 2: US Nasdaq 100 CFD Index minor pattern as of 16 July 2025 (Supply: TradingView)
Regardless of the final two classes of outperformance seen on the Nasdaq 100 in opposition to the opposite main US inventory indices (S&P 500, DJIA, Russell 2000), technical evaluation means that the US Nasdaq 100 CFD Index is probably going due for a minimum of an imminent minor corrective decline sequence inside its medium-term uptrend section.
Since 3 July, the worth actions of the US Nasdaq 100 CFD Index have consolidated and stalled on the higher boundary of a long-term secular ascending channel in play for the reason that March 2020 low,
Just for the primary time on Tuesday, 15 July, for the reason that consolidation began on 3 July, the US Nasdaq 100 CFD Index has fashioned a day by day bearish reversal “Headstone Doji” candlestick sample after a failed intraday push above the higher boundary of the long-term secular ascending channel (see Fig 2).
These observations counsel a possible “bullish exhaustion” second on the US Nasdaq 100 CFD Index in mild of Nvidia’s (a significant factor inventory of Nasdaq 100) optimistic information movement that allowed it to promote lower-grade H20 chips to China.
Watch the 22,920/23,020 pivotal resistance, and a break beneath 22,600 is more likely to expose the subsequent intermediate assist zone of twenty-two,390/22,235 in step one.
Nevertheless, a clearance above 23,020 invalidates the bearish situation to renew the bullish impulsive up transfer sequence for the subsequent intermediate resistances to come back in at 23,190, and 23,400/23,480 (outlined by Fibonacci extension cluster ranges).
Unique Put up
