{"id":435432,"date":"2026-08-05T05:00:15","date_gmt":"2026-08-04T22:00:15","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-everyone-back-in-the-ai-boat-435432\/"},"modified":"2026-08-05T05:00:15","modified_gmt":"2026-08-04T22:00:15","slug":"investinglive-americas-fx-news-wrap-everyone-back-in-the-ai-boat","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-fx-news-wrap-everyone-back-in-the-ai-boat-435432\/","title":{"rendered":"investingLive Americas FX news wrap: Everyone back in the AI boat"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-june-factory-orders-vs-0-2-expected\" rel=\"follow\">US June factory orders -0.3% vs +0.2% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/jolts-job-openings-7-359m-vs-7-400m-estimate-lower-than-last-month\" rel=\"follow\">JOLTs job openings 7.359M vs 7.400M estimate.  Lower than last month.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/rubio-there-s-been-progress-on-reopening-strait-nothing-final-but-hoping-agreement-will-happen-very-shortly\" rel=\"follow\">Rubio: There&#8217;s been progress on reopening Strait. Nothing final but hoping agreement will happen very shortly<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/canadian-manufacturing-pmi-hits-a-four-year-high\" rel=\"follow\">Canadian manufacturing PMI hits a four-year high<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/fed-s-paulson-for-me-the-vote-was-not-a-close-call\" rel=\"follow\">Fed&#8217;s Paulson: For me, the vote was not a close call<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-june-trade-balance-3-86b-vs-3-0b-expected\" rel=\"follow\">Canada June trade balance +3.86B vs +3.0B expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-international-trade-balance-for-june-73-3b-vs-73-0b-estimate\" rel=\"follow\">US International Trade balance for June  -$73.3B vs -$73.0B estimate<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/fed-s-paulson-underlying-inflation-is-too-high\" rel=\"follow\">Fed&#8217;s Paulson: Underlying inflation is too high<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/al-arabiya-expects-an-announcement-on-the-reopening-of-the-strait-of-hormuz\" rel=\"follow\">Al Arabiya: expects an announcement on the reopening of the Strait of Hormuz<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/iran-may-allow-europe-to-clear-mines-in-the-strait-of-hormuz\" rel=\"follow\">Iran may allow Europe to clear mines in the Strait of Hormuz<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-state-dept-latest-lebanon-israel-talks-began-today-and-will-continue-through-aug-6\" rel=\"follow\">US State Dept: Latest Lebanon-Israel talks began today and will continue through Aug 6<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Gold up $27 to $4080<\/li>\n<li>US 10-year yields down 5.7 bps to 4.63%<\/li>\n<li>WTI crude oil down $4.61 to $75.73<\/li>\n<li>AUD leads, JPY lags<\/li>\n<li>S&amp;P 500 up 2.0%<\/li>\n<li>Nasdaq Comp up 2.8%<\/li>\n<\/ul>\n<p>It&#8217;s been the perfect storm for stock markets this week and it was on full display on Tuesday with some huge gains, led by AI chip names. What&#8217;s driving it:<\/p>\n<ul>\n<li>The collapse of Situational Awareness has given the all-clear on the &#8216;bottom&#8217;<\/li>\n<li>Mag7 earnings are over and they were convincing enough that there will be a positive ROI on the AI capex, with no slowdown coming<\/li>\n<li>Chipmaker earnings this week are going to be impressive<\/li>\n<li>TACO time on Iran with non-stop talk of a deal and the oil market believing it<\/li>\n<li>FOMO with no identifiable risks until the Sept FOMC<\/li>\n<\/ul>\n<p>The market is showing no fear with AMD up 8% ahead of earnings today. On the macro side, the numbers were fine today and the market doesn&#8217;t seem to care that the bottom of the K-shape isn&#8217;t improving, as McDonald&#8217;s earnings showed today. It&#8217;s an AI boom and it&#8217;s morphing (or has already morphed) into an AI mania. Numbers from Caterpillar today showed the wealth is spreading somewhat and the market is confident there is more to come.<\/p>\n<p>In FX, the market isn&#8217;t sure what to do about the US intervening in USD\/JPY but the dip buying continued despite comments from Bessent.\u00a0<\/p>\n<p>In terms of oil, it was down big again today as the Hormuz headlines came from a variety of sources. It&#8217;s a tough deal to make though and some skepticism is certainly warranted given the backdrop.\u00a0<\/p>\n<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US June factory orders -0.3% vs +0.2% expected JOLTs job openings 7.359M vs 7.400M estimate. Lower than last month. Rubio: There&#8217;s been progress on reopening Strait. Nothing final but hoping agreement will&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435432","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435432"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}