// 19 ASSETS · TWICE DAILY · MON–FRI · 10 MIN READ

EUR edged to 1.1769 as the dollar softened on risk-on flows into Asian equities and tech. DXY held below 98.10 for a third straight session.

Cable gained 45 pips to 1.3601, supported by broad dollar weakness and solid UK services PMI data last week.

Dollar-yen crept higher to 157.03 despite broad dollar weakness — yen underperformed as risk appetite sent capital out of safe havens.

Aussie rallied to 0.7242, within 0.5% of its 52-week high. Commodities strength and Asian tech optimism lifted the risk-sensitive currency.

Gold dropped $35 to $4,684 despite Trump rejecting Iran's peace deal. Risk-on flows into equities and crypto pulled capital away from the safe haven.

Silver gained nearly 1% to $81.15, outperforming gold. Industrial demand narrative continues to dominate the gold-silver ratio compression.

WTI surged 3.75% to $99.00 after Trump rejected Iran's peace offer over Strait of Hormuz demands. Brent pushed above $100.

S&P closed at 7,398.9, within 3 points of its all-time high. Tech and semis led the charge as AI capex optimism overrode Iran headlines.

Nasdaq 100 hit a new all-time high at 29,235 — a 2.35% surge led by semis after the Philadelphia Semiconductor Index also reached a record.

Dow barely moved, adding just 12 points to 49,609. Old-economy names lagged as money rotated hard into growth and semis.

Bitcoin slipped 1.7% to $80,707 as weekend liquidity thinned out. Failed to hold $82,000 support after a brief rally attempt.

ETH dropped 1.7% to $2,330, underperforming BTC again. Solana developer share jumped to 23% at Ethereum's expense per a new ecosystem report.

NVIDIA gained 1.75% to $215.20, within 1.2% of its all-time high. The Philadelphia Semiconductor Index hit a record, lifting the entire sector.

Tesla surged 4% to $428.35, its best day in three weeks. Wedbush reiterated a bull case tied to robotaxi timeline acceleration.

Apple rallied 2% to $293.32, just $1.44 from its all-time high. The 2026 chip war narrative — with Apple dominating custom silicon — fueled the bid.

Microsoft fell 1.3% to $415.12 as reports surfaced about its troubled African data center expansion. The stock has lagged mega-cap peers all year.

Meta slipped 1.2% to $609.63 as broader tech rotation favored hardware/semis over software/advertising names. Still 23% off its high.

Alphabet rose 0.7% to $400.80, within $1.20 of its all-time high. Analysts flagged it as the best-positioned mega-cap for AI monetization.

Amazon gained 0.6% to $272.68. AWS growth reacceleration and the expanding AI moat narrative kept the stock within 2% of highs.