TradingKey

TradingKey - On July 12, Eastern Time, renewed military conflict broke out between the United States and Iran, significantly escalating tensions in the Middle East. According to the latest reports, a container ship was attacked and caught fire near the Strait of Hormuz. Subsequently, the U.S. launched airstrikes on multiple military targets inside Iran, while Iran responded by launching missiles and drones at several U.S.-affiliated facilities in the Middle East, further intensifying the military confrontation between the two sides.

TradingKey - On July 10, Eastern Time, the three major US indices closed higher as the market continued to price in AI growth and the upcoming second-quarter earnings season. Despite ongoing US-Iran tensions disrupting the energy market, investors shifted their focus back to corporate earnings, AI i

NVDA jumped 4% on Thursday after the Trump administration eased export controls for the UAE. At $210 the forward P/E has dropped to pre-AI boom levels. But the 4H chart shows a double top at $212. Here’s the week-ahead setup.

Japanese and South Korean stock markets recovered from an early-session dip to trade higher, with the KOSPI Index and Nikkei 225 edging up slightly. Samsung Electronics and SoftBank continued to gain momentum, while SK Hynix and Kioxia trended lower.

• Geopolitical tensions and Middle East security threats are increasing WTI crude oil prices. • Weather-related Gulf of Mexico disruptions and OPEC+ production quotas constrain global oil supply. • Robust summer transportation fuel demand and a softening US dollar support price appreciation.

• WTI prices rose due to North Sea outages and Middle East geopolitical tensions. • Stronger gasoline demand and OPEC plus production constraints have tightened global oil supplies. • A weakening US dollar and shifting Federal Reserve expectations boosted energy market investment.

• Brent crude prices rose due to Middle East geopolitical tensions and supply constraints. • Strong seasonal fuel demand and manufacturing recovery are tightening the global market balance. • A weakening US dollar and shifting interest rate expectations support higher oil prices.

• Geopolitical tensions in the Middle East have increased Brent crude oil risk premiums. • OPEC+ signaled potential extension of voluntary production cuts through the fourth quarter. • A weakening US Dollar and cooling labor data have stimulated Brent crude demand.

In the first half of 2026, tech giants such as Nvidia, Google, and Apple all reached new all-time highs. However, Meta (META) not only failed to reach these levels but also exhibited overall weakness, plunging more than 14% during the period. This performance underperformed the three major U.S. stock indices, ranking it second-to-last among the Magnificent Seven, behind only Microsoft. Will Meta continue its downward trend in the second half of the year, or will it stage a comeback to surge toward new highs and even challenge the $1,000 milestone?

TradingKey - SoFi launched small-business loans, an AI trading platform, and a new ETF last week. It’s also in the SpaceX prospectus as a retail broker. At $18.74 in a symmetrical triangle, the $20.10 breakout level is the watch for the week ahead. Earnings July 29.

TradingKey - Melius Research targets $1,050 for Western Digital. Goldman raised to $650. Q4 earnings are July 29 with consensus EPS of $3.27, up 100%. At $569 in a descending channel, here’s what the bull and bear cases say.

TradingKey - In the coming week, global markets will usher in the first true "super week" of the second half of the year. A dense release of key U.S. inflation and consumption data for June, including CPI, PPI, and retail sales, will directly influence expectations for the Federal Reserve's policy meeting at the end of July. Meanwhile, the second-quarter U.S. earnings season officially kicks off, with major banks led by JPMorgan Chase, Goldman Sachs, Citigroup, and Bank of America among the first to report. Tech giants such as ASML, TSMC, and Netflix will also release their results, providing the latest bellwether for the AI industry chain and the global technology sector.

TradingKey - TSMC's (TSM) earnings call serves as a bellwether for the global semiconductor industry. As the world's most advanced foundry, TSMC's capacity utilization, capital expenditure plans, and AI chip demand guidance directly impact the supply chain expectations of tech giants like Nvidia, AMD, and Apple. For the upcoming earnings call on July 16, the market will search for key signals on whether AI demand can continue to exceed expectations. Less than two weeks before the earnings call, Citigroup (C) released a research report on July 6, raising its price target for TSMC's Taiwan-listed shares from NT$2,875 to NT$3,800 while maintaining a "Buy" rating. Based on the current share price of approximately NT$2,500, this target price implies an upside of about 57%.

• Rising Treasury yields and dollar strength are driving institutional capital away from Ethereum. • Migration to Layer-2 solutions and lower staking yields have dampened ETH's deflationary narrative. • Leveraged liquidations and regulatory uncertainty have increased short-term sell-side pressure on Ethereum.

• BNBUSD declined due to tightening global liquidity and reduced institutional risk appetite. • Lower on-chain activity and regulatory concerns have decreased organic demand for BNB. • Long liquidations in derivatives markets exacerbated recent downward price pressure on the asset.

• XRP declined due to broad digital asset de-risking and a stronger US dollar. • Speculative accounts exited positions following delayed expectations for an XRP exchange-traded fund. • Technical indicators, including MACD, RSI, and Williams %R, currently signal a neutral outlook.

• Strengthening US Dollar and Treasury yields reduced institutional appetite for Solana assets. • Cooling ETF inflows and profit-taking caused a recent decline in Solana’s price. • Derivatives markets neutralized funding rates following a flush of over-leveraged long positions.

TradingKey - As of July 9 ET, Meta (META) was trading at $631.48, rising 4.7% for the day and reaching an intraday high of $633.27. While Meta's share price has reclaimed the $600 level, technical indicators still suggest the potential for further pullbacks.

TradingKey - After experiencing an epic rally over the past two years, global AI chip leader Nvidia (NVDA) has seen its capital market performance pale in comparison this year, with its stock price significantly underperforming the Philadelphia Semiconductor Index (SOX). To date, Nvidia’s year-to-date gain is only 7%, while the Philadelphia Semiconductor Index has surged 80% over the same period. This massive divergence has drawn widespread market attention: what exactly is weighing down this market-cap king?

• Institutional interest grows due to Ripple’s cross-border settlement capabilities and regulatory clarity. • On-chain data shows rising large-scale accumulation and increased active addresses for XRP. • Technical indicators show a neutral MACD, a neutral RSI, and a buy signal.