Technical analysis of the Nasdaq 100, USD/JPY as they trade sideways while Brent crude loses some of its recent bullish momentum.
DailyFX Real Time News 2026-07-16 12:10:45
Context: Wall Street experienced gains as softer inflation data and strong quarterly earnings reports supported market sentiment, with the Dow, S&P 500, and Nasdaq advancing 0.29%, 0.38%, and 0.62% respectively. The Nasdaq 100 and USD/JPY are currently trading sideways, while Brent crude oil prices have eased after a recent rally. Market analysts are providing technical analysis and forecasts for these financial instruments.
Key Facts
- The Nasdaq 100 is trading in a range with decreasing volatility as the summer holiday period approaches, and further range trading is expected, with potential targets at 28,891-to-28,815 and 30,329.
- USD/JPY is trading in the ¥162.00 region, having failed to revisit its 40-year high at ¥162.84, but holding above its ¥161.28 low, with potential targets at ¥165.00 and ¥159.37.
- Brent crude oil prices have eased to $84.95 a barrel after a recent rally to $86.10, with potential targets at $81.13, $80.21, and $88.79-to-$88.86.
- BlackRock's shares climbed 6.6% after the asset manager reported better-than-expected quarterly results, while Morgan Stanley also exceeded forecasts but finished just 0.4% higher.
- SpaceX's stock dropped as low as $132.15 before closing at $135.27, leaving it down 33% from its post-listing high, with investors anticipating further volatility in early August.