📊 NordFX Morning Update — July 10, 2026

🌏 Asia: Chip stocks are roaring back — Nikkei 225 up ~2%, Kospi surging over 4% as SK Hynix’s Nasdaq debut looms today. Yen firmer on hopes GPIF shifts more into domestic assets, pulling JGB yields off 3-decade highs. Japan’s June PPI hit +7.1% y/y — fastest since 2023 — keeping BOJ hike bets alive.

💶 EUR/USD: Trading near $1.146 this morning, edging up as traders price 30+ bps of extra ECB tightening this year.

🛢️ Oil: Brent holding near $78, steadying as US–Iran tensions ease and talks continue.

🥇 Gold: Back up near $4,140/oz, recovering from midweek dip as haven demand and central bank buying (China +10t in May) offset dollar strength.

🇺🇸 US: Fed’s June minutes show few members favored a hike, but inflation concerns build under new Chair Warsh. Markets still lean toward one hike by year-end.

📌 Key driver today: chip sentiment (SK Hynix listing) + Iran-US de-escalation.

⚠️ Trade smart, manage your risk!