Market Digest — August 10, 2026

Today's markets are shaped by cautious sentiment. Here's what you need to know.

💱 Forex

U.S. Dollar Retreats on Weak NFP Data
The U.S. Dollar weakened across major pairs after Non-Farm Payrolls data showed a significant decline in job growth, missing expectations. This signals a cooling labor market, increasing pressure on the Federal Reserve to consider earlier interest rate cuts and dampening rate-hike momentum.

Houthi Attack Escalates Middle East Tensions, Boosts Oil
Yemen’s Houthi forces attacked a Saudi Aramco refinery following a new Saudi-US defense pact, immediately escalating geopolitical risks. This threatens oil supply stability, causing crude prices (Brent +1.3%) to rise and potentially driving safe-haven demand for assets like JPY.

Bond Market Stress Weighs on Risk Assets
Wall Street is observing signs of bond-market angst, with rising 10-year Treasury yields and a flattening curve indicating stress over fiscal sustainability. This environment of higher real yields is weighing on risk assets and contributing to USD weakness, defying traditional "higher yields = stronger USD" logic.

Broader Middle East Geopolitics Remain Fluid
While the Houthi attack adds immediate risk, Iran suggests its Oman-mediated deal is in "final stages," contingent on U.S. action regarding the Strait of Hormuz. Meanwhile, Trump's remarks hint at easing U.S.-Iran tensions, creating a mixed outlook for regional stability and energy markets.

🪙 Crypto

Bitcoin Dips Below $65,000 Amidst ETF Inflows and Fork Concerns
Bitcoin has slipped below the $65,000 mark, experiencing short-term volatility and profit-taking despite continued net positive inflows into U.S. spot Bitcoin ETFs. Institutional demand provides underlying support, though market sentiment is also influenced by potential network fork concerns and macro headwinds.

Middle East Tensions Rise Following Houthi Attack on Saudi Refinery
Geopolitical risks have intensified after a Houthi attack on a Saudi refinery, raising concerns about oil supply and global risk sentiment. Such escalations typically pressure risk assets like cryptocurrencies, which remain vulnerable to broad risk-off flows.

Bitcoin Faces Technical Resistance at $65,500 with Overbought MFI
Bitcoin's Money Flow Index (MFI) has signaled overbought conditions near the critical $65,500 resistance level, suggesting a potential for profit-taking or a pullback. A sustained break above this level could target $70,000+, while rejection may lead to short-term price corrections.

📈 Stocks & Commodities

Houthi Attack on Saudi Refinery Escalates Geopolitical Risk
A Houthi drone strike targeted a major Saudi Aramco refinery in Jubail, following the kingdom's new defense pact with the US. This incident significantly escalates Middle East geopolitical tensions and threatens energy supply stability, likely causing near-term oil price volatility and pressuring energy-sensitive stocks.

Iran Links Oman Deal Progress to US Action on Hormuz
Iran indicates its deal via Oman is nearing completion but conditions it on US actions regarding the Strait of Hormuz, a vital global oil shipping lane. This stance maintains geopolitical uncertainty around oil supply normalization and reinforces caution in commodity markets.

Bitcoin Faces Correction Risk at $65,500 Resistance
Bitcoin is encountering significant technical resistance at $65,500, with its Money Flow Index (MFI) signaling overbought conditions. This increases the likelihood of a near-term price correction or consolidation, potentially triggering profit-taking and volatility in the broader crypto market.

Trump's Comments Signal No Imminent US Shift on Iran Sanctions
Former President Trump downplayed US diplomatic engagement with Iran, citing Tehran's economic struggles as leverage. This suggests no immediate easing of sanctions or significant policy shift, further curbing optimism for oil supply relief and maintaining bearish pressure on risk assets.