Client Portal
Start trading

Equities Focus on Key Earnings After Consecutive Rallies

(By ATFX Analyst Team)

Key Takeaways

On Monday, President Trump said the U.S. and Iran were engaged in negotiations, but Tehran denied this. Despite conflicting statements, U.S. equities continued their strong August start. July manufacturing activity rose to its highest in over four years, boosting the dollar, while gold retreated on dollar strength.

Today’s focus: U.S. June factory orders, forecast to rise 0.2% MoM (prior ‑1.3%), reflecting manufacturing performance. SpaceX will release its first earnings report since its June Nasdaq IPO after market close. AI revenue and capex will be the focal points, serving as a key sentiment driver for tech stocks and the broader market.

 

Global Market Review 04/08/2026

  • U.S. equities opened August strongly, with the Dow closing at a record high as easing U.S.–Iran tensions drove oil and Treasury yields lower. Dow +1.3%, S&P 500 +1.48%, Nasdaq +2.1%.
  • Dollar index ended a four‑day losing streak.
  • Gold slipped 0.3%, weighed by Middle East uncertainty and inflation concerns.
  • Oil plunged over 7% Monday as expectations for resumed U.S.–Iran talks grew.

 

Key Events Today:

SpaceX Earnings Report ***

  • 20:30 US Balance of Trade JUN **
  • 22:00 US Factory Orders MoM JUN **

August 5 (GMT+8)

  • 04:30 API Crude Oil Stock Change ***
  • 07:00 AU Services & Composite PMI Final JUL **
  • 07:50 BoJ Monetary Policy Meeting Minutes ***
  • 08:30 JP Services & Composite PMI Final JUL **
  • 09:45 CN Services & Composite PMI Final JUL **
  • 15:55 EU GERMANY Services & Composite PMI Final JUL **
  • 16:00 EU Services & Composite PMI Final JUL **
  • 16:30 GB Services & Composite PMI Final JUL **
  • 17:00 EU PPI JUN **
  • 20:15 US ADP Employment Change JUL ***
  • 21:45 US Services & Composite PMI Final JUL **
  • 22:00 US ISM Services PMI JUL ***
  • 22:30 EIA Crude Oil Stocks Change **

 

Markets Analysis 04/08/2026

  • Resistance: 1.1547 / 1.1562
  • Support: 1.1483 / 1.1463

EUR/USD eased Monday but held above 1.1500. Strong U.S. data and easing geopolitical concerns lifted the dollar, prompting a euro pullback.

Analyst View: Retreat from highs since June 17. As long as above 1.1500, EUR/USD may continue consolidating in the high range.

Bias: High‑level trading

  • Resistance: 1.3483 / 1.3516
  • Support: 1.3382 / 1.3341

GBP/USD halted its rally Monday, retreating from above 1.3500 after weaker UK manufacturing data.

Analyst View: Tested 1.3500 then fell. Short‑term adjustment likely; watch MA support between 1.3400–1.3370.

Bias: Short‑term correction

  • Resistance: 158.47 / 159.52
  • Support: 157.41 / 156.37

Yen strengthened to three‑month highs after Tokyo and Washington intervened last week. Bulls cautious under continued intervention risk.

Analyst View: USD/JPY edged higher Tuesday in Asia but lacked follow‑through. Likely consolidating below 158.

Bias: Consolidating downtrend

  • Resistance: 83.44 / 87.31
  • Support: 77.19 / 74.07

Oil fell further Monday after Trump cancelled strikes and claimed talks were underway, though Tehran denied. Prices neared $78.

Analyst View: Oil remains pressured, consolidating near weekly lows. 20‑day MA at $81.55 is key resistance.

Bias: Low‑level consolidation

  • Resistance: 4087 / 4117
  • Support: 4014 / 3990

  • Resistance: 59.02 / 59.74
  • Support: 56.66 / 55.92

Gold slipped 0.3% Monday on strong U.S. data and a dollar rebound. Silver rose above $58.

Analyst View: Gold remains capped by MA resistance. If below, risk of further decline toward $4,000.

Bias: Weak trading

  • Resistance: 53,504 / 53,715
  • Support: 52,837 / 52,629

U.S. equities rallied Monday on easing tensions. Dow surged over 690 points to a record close.

Analyst View: New highs open further upside. Watch U.S. data for continuation toward 53,504/53,715 resistance.

Bias: High‑level bullish

  • Resistance: 29,194 / 29,450
  • Support: 28,351 / 28,091
  • Tech stocks rallied Monday: Meta +5.97%, Microsoft +4.82%, Google +4.37%. Nasdaq rose ahead of SpaceX earnings.

Analyst View: Broke above 10‑day MA, hovering near 20‑day MA. A break above 28,800 could extend the rally toward 29,000.

Bias: Mildly bullish

20260804 Bitcoin (BTC/USD) Keys Instruments

  • Resistance: 64,772 / 65,874
  • Support: 62,349 / 61,266

Bitcoin held above $63k Monday, tracking global crypto sideways, supported by a $63k floor despite Strategy Inc. sales.

Analyst View: BTC/USD steady, supported at last week’s lows. Trading in a narrow range below MAs.

Bias: Range trading

Enjoy trading! The content is for reference only. Please ensure that you understand the risk.

 

About the author

Martin Lam

 

Martin Lam is ATFX Chief Analyst for Asia Pacific, with over 20 years of experience in global forex and investment markets. He holds a degree in Finance and Economics from Deakin University and has held senior roles at leading FX brokerage firms.

More from Martin Lam

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.

Recent News
Free Demo Account
✅ Practice risk-free
✅ Master the markets
Trade live when you’re ready!
Open Live Account
Open Demo Account
Popular posts
Learn More
With ATFX
Related Post
ATFX_logo

© ATFX.COM. All rights reserved.

Legal: AT Global Markets (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA registration number (760555).Registered Office: Tower 42, Leaf 35C, 25 Old Broad Street, London EC2N 1HQ, United Kingdom. Company No.09827091

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Please read the full risk disclosure on pages 42-45 of our Terms of Business.

The commercialisation of services and the acquisition of clients can only be carried out in Spain by an authorised entity or through a tied agent.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

ATFX is a co-brand shared by a group of entities including:

AT Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with registration number 760555. The Registered Office: Tower 42, Leaf 35C, 25 Old Broad Street, London EC2N 1HQ, United Kingdom. (Professional clients only)

ATFX Global Markets (CY) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 285/15. The Registered Office: 159 Leontiou A’ Street, Maryvonne Building Office 204, 3022, Limassol, Cyprus.

AT Global Markets Intl Ltd is authorized and regulated by the Financial Services Commission with registration number 157819 and license number C118023331. The Registered Office: G08, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius.

ATFX MENA Financial Services LLC is regulated by the Capital Market Authority (CMA) in the United Arab Emirates with Category 5 license number 20200000078.

EMERGING MARKETS is regulated by the Jordan Securities Commission authority as an Introducing Broker license number 643 and is the regulated entity in the Hashemite Kingdom of Jordan.

ATFX is a trademark of AT Global Markets INTL LTD a company registered in Mauritius under FSC and all services in the Hashemite Kingdom of Jordan is offered through its Introducing Broker.

AT Global Markets LLC is a Limited Liability Company in Saint Vincent and the Grenadines with company number 333 LLC 2020. The Registered Office: Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines.

ATFX (Cambodia) Company Limited in Cambodia is regulated by the Securities and Exchange Regulator of Cambodia with the license number 040.

ATFX

ATFX UK (AT Global Markets (UK) Ltd.) focuses on developing institutional business and professional investors and does not accept retail clients under its UK Financial Conduct Authority (FCA) license.

For professional client applications, please contact [email protected].

ATFX

Important Notice

We would like to inform you that, in order to ensure full compliance with the regulations of the Brazilian Securities and Exchange Commission (CVM), the opening of new accounts for individuals residing or domiciled in the Federative Republic of Brazil is currently unavailable.

This measure is necessary to complete the final stages of the technological and operational integration process with our local intermediary partner, Levycam CCTVM Ltda. (CNPJ 50.579.044/0001-96), in accordance with the guidelines set forth in CVM Guidance Opinion No. 33/2005.

As a result, it is not possible to proceed with your account opening request at this time. Once the regulatory and operational integration process is completed, the account opening flow will be enabled, and interested parties will be duly informed.

ATFX is not authorized by the Brazilian Securities and Exchange Commission (CVM) to offer intermediation or distribution services for securities issued abroad to investors residing in the Federative Republic of Brazil. Currently, ATFX does not operate nor actively offer intermediation services in Brazil. By accessing this website, investors declare that they are aware of the applicable legal restrictions and agree that they are operating outside the jurisdiction of the CVM. Investments abroad are not covered by the protection mechanisms existing in Brazil, such as the MRP and the FGC. With the objective of enabling future regularized operations, ATFX has entered into a contract for the provision of foreign intermediation services with the Brazilian brokerage firm Levycam CCTVM (CNPJ 50.579.044/0001-96), as provided for in CVM Guidance Opinion No. 33/2005. However, activities related to local intermediation are still in the pre-operational phase (technological and regulatory integration process). If you have any questions regarding the regulation of your trading accounts, please contact us.

I understand
ATFX

🌍 Welcome to ATFX!

To provide you with the best trading experience in Iraq, please visit our localized website:

There, you’ll find all products, services, and contact information tailored specifically for you. Thank you for choosing ATFX!

Go to ATFX (AR)
ATFX

Restrictions on Use

Products and Services on this website https://www.atfx.com/en-ae/ are not suitable
in your country. Such information and materials should not be regarded as or
constitute a distribution, an offer, or a solicitation to buy or sell any investments.
Please visit https://www.atfx.com/en/ to proceed.

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销，要约，买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en/ 。

ATFX

Restrictions on Use

Please note, you may be accessing this page from outside Australia. Products and Services on https://www.atfx.com/en-au/ may not be suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Proceed to Stay
Choose Your Region at ATFX.com

Restrictions on Use

Products and Services on https://www.atfx.com/en-au/ are not suitable in your country. The information provided should not be considered as an offer, solicitation, or distribution for any investments.

Choose another region to see content specific to your location.

Choose Your Region at ATFX.com
ATFX

Restrictions on Use

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/