NordFX Morning Update — July 7, 2026

🌏 Asian Markets: Kospi leads regional losses, down over 4% as Samsung (–5%+) and SK Hynix slide despite Samsung beating profit forecasts. Nikkei 225 off ~1.2% to 68,883. Shanghai Composite –0.6% to 4,017, Hang Seng holds up better, +0.4% to 23,708.

⚠️ Geopolitics: Iran’s military reportedly struck commercial vessels in the Strait of Hormuz overnight, breaking a one-week truce — raising fresh risk to the US-Iran deal and lifting oil modestly.

💵 USD: Dollar stays soft after Friday’s weak NFP (+57K vs 110K expected, unemployment 4.2%). Markets await Wednesday’s FOMC minutes for clues on Chair Warsh’s approach.

💴 USD/JPY: Slipped back below 162.00 on the Hormuz headlines and soft Fed-hike bets.

🥇 Gold: Eased back from a two-week high near $4,175–4,188 as investors await the FOMC minutes.

🛢️ Oil: Firming modestly on Hormuz tensions, though Saudi price cuts and an OPEC+ output hike keep a lid on gains.

📅 Today’s focus: US ADP employment change, FOMC minutes Wednesday, Samsung’s earnings follow-through, and any escalation in the Strait of Hormuz.

⚠️ Trade safe and manage your risk! 🚀

📊 NordFX Morning Update — July 7, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.