🌅 NordFX MORNING UPDATE | May 7, 2026
🌏 ASIAN MARKETS Asia surged Thursday on Iran peace deal optimism. Japan's Nikkei 225 soared +5%, with SoftBank jumping 13% and Ibiden leading at +17%. The Topix added 2.37%. Hong Kong's Hang Seng climbed +1.47%, mainland China's CSI 300 edged up +0.38%, and Australia's ASX 200 rose +0.9%. South Korea's Kospi dipped 0.68%.
🇺🇸 WALL STREET Wednesday's session was a record-breaker. The S&P 500 surged +1.46% to 7,365 - its first close above 7,300 ever. The Nasdaq jumped +2.02% to 25,839, also a record. The Dow gained 612 pts (+1.24%) to close just under 50,000 at 49,911. Strong AI-driven earnings from AMD and Disney powered the rally alongside Iran deal hopes.
💱 FOREX The USD remains under pressure as risk appetite returns. EUR/USD trades near 1.1723, holding its bullish bias above key support. GBP/USD around 1.3575. USD/JPY near 157.03, pressured by BoJ intervention speculation and dollar weakness.
🥇 GOLD & OIL Gold climbed back above $4,700/oz - its second straight day of gains - as Middle East de-escalation eased inflation fears. Brent crude fell sharply, dropping toward $95-96/bbl after reports the US and Iran were close to a peace framework. A Strait of Hormuz deal could unlock a major relief rally in risk assets.
₿ CRYPTO Bitcoin hit $82,300 on Wednesday - its highest level since January 31 - riding the wave of improved risk sentiment and AI/earnings optimism. ETH trades near $2,412. Eyes are now on the $82,228 level, the 200-day MA that BTC has not closed above in 7 months.
🔑 KEY DRIVER TODAY All eyes on the US-Iran peace negotiations and today's 📊 US Initial Jobless Claims. Tomorrow brings the big one - Non-Farm Payrolls + unemployment rate + UMich inflation expectations.
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