NordFX Morning Update — July 6, 2026

📊 Asian Session Asian shares traded mostly higher on light, holiday-shortened trade. MSCI Asia Pacific Index +0.3%. 🇰🇷 Kospi led gains, +1.8% on tech strength. 🇭🇰 Hang Seng and 🇨🇳 Shanghai Composite edged up, while 🇯🇵 Nikkei and Seoul tech names were choppy earlier in the session. 🇮🇳 Sensex +0.23%, Nifty +0.15% at the open despite a softer rupee.

💵 FX & Commodities USD/JPY climbed to 161.92 as trading resumed after the July 4 holiday, dollar firm on cautious sentiment. 🛢️ Oil extended losses: Brent $71.87, WTI $68.59, pressured by OPEC+’s fifth straight output hike (+188k bpd). 🥇 Gold holding near $4,180–4,190/oz, consolidating after last week’s bounce off 8-month lows.

📅 Key Drivers

• Fed’s cautious tone continues to support risk appetite after last week’s soft jobs data.
• US ISM Services PMI due today — watch for confirmation of slowing but resilient growth.
• Iran–US talks and Strait of Hormuz supply risk still steering oil sentiment.

⚠️ Stay sharp: light liquidity from the US holiday week can mean sharper moves on headlines.

📈 Trade the moves with NordFX!

🌅 NordFX Morning Update — July 6, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.