Name: Iran War: US Strikes Iran for Second Day | Daybreak Europe 7/9/2026
Uploaded: 2026-07-09T07:07:40+00:00
Duration: 2820 s

Speakers

Trevor Charsley — Senior Technical Strategist, Corpay

Lizzy — Anchor, Bloomberg

Winnie Hsu — Bloomberg Reporter (Asia Markets)

Summary

This episode covers escalating US-Iran military strikes that are driving oil prices higher, alongside hawkish Fed minutes that showed some officials favored a rate hike. Guest Trevor Charsley presents bearish oil and dollar views, a dip-then-rally outlook for EUR/USD, and a conditional bullish sterling call. The anchor highlights a rotation into semiconductors amid geopolitical uncertainty. Other segments cover SK Hynix's oversubscribed ADR, Volkswagen's possible 100,000 job cuts, and the NATO summit.

US carries out a second day of strikes on Iran, pushing oil prices higher for a third straight session.
Fed minutes show a few officials made a case for raising rates, although the meeting kept rates on hold.
Trevor Charsley expects oil prices to fall due to potential de-escalation, citing Citi's $60 Brent forecast.
He also sees the US Dollar declining, with DXY potentially falling to 98 and 92, driven by a dovish Fed Chair.
On currencies, he sees a near-term dip in EUR/USD to 1.3050 before a rally, and a bullish sterling if Chancellor Reeves keeps her job.
The anchor notes that geopolitical uncertainty is driving a rotation into tech and semiconductors as a growth insurance policy.
SK Hynix's US ADR is more than seven times oversubscribed ahead of its Nasdaq debut.
Volkswagen board considers cutting as many as 100,000 jobs and closing four German factories.

Ideas

Trevor Charsley Senior Technical Strategist, Corpay 28:28

Oil may fall on de-escalation expectations.

Trump wants to de-escalate and extricate himself before midterms, so an uneasy truce is likely. With that, oil may not stay high. Citigroup flipped bearish and forecasts $60 for Brent, which aligns with this view.

Trevor Charsley Senior Technical Strategist, Corpay 31:11

Dollar to decline on dovish Fed outlook.

Fed Chair Wars is dovish despite hawkish minutes; he believes AI-driven productivity will keep inflation low. Market expectations of a rate hike may not materialize, removing dollar strength. Technically, DXY could fall 4% to 98 and then 92 over 12 months as long as it stays below 102.17.

Trevor Charsley Senior Technical Strategist, Corpay 32:03

EUR/USD may dip then rally.

Technical analysis suggests another push lower in EUR/USD, possibly to 1.3050, but that would probably be the end of the downmove. After that, the pair is likely to start pushing higher.

Trevor Charsley Senior Technical Strategist, Corpay 34:08

Sterling may rise if Reeves stays.

If current UK Chancellor Rachel Reeves stays in her job, it would be seen as a safe pair of hands by markets and sterling could move higher. A leftward shift under Andy Burnham would be negative, but Reeves staying would warrant a bullish sterling view.

Lizzy Anchor, Bloomberg 45:44

Long semiconductors amid geopolitical uncertainty.

When geopolitics is unstable, investors want exposure to assets that can grow regardless of the macro backdrop. In the current environment, that means technology and semiconductors, which are acting as an insurance policy and seeing rotation amid escalation.

This Bloomberg Markets video, published July 09, 2026, features Trevor Charsley, Lizzy discussing BNO, DXY, EUR/USD, GBP/USD, SMH. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Trevor Charsley, Lizzy · Tickers: BNO, DXY, EUR/USD, GBP/USD, SMH

Iran War: US Strikes Iran for Second Day | Daybreak Europe 7/9/2026

Summary

Ideas

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