Market Analysis Summary - April 14, 2026

Macro Update

Markets are stabilizing amid cautious optimism regarding renewed US-Iran negotiations, which may support investor sentiment despite recent breakdowns in talks. Oil prices remain elevated, hovering near $100 per barrel, influenced by ongoing supply risks and potential diplomatic progress.

Global equities are showing mixed performance, with Asian markets advancing on improved sentiment, while broader indices remain sensitive to geopolitical developments and energy price fluctuations. The risk backdrop continues to pressure growth outlooks, as elevated energy costs and geopolitical uncertainties sustain inflation risks.

In the bond and currency markets, safe-haven demand is evident, with the US dollar remaining supported. Yields are reacting to shifting inflation expectations, while the UK outlook is closely tied to energy prices and global developments, reinforcing a cautious stance from the Bank of England.

Nasdaq 100 Analysis

The Nasdaq 100 is attempting to break through a key resistance zone, with the top of this zone aligning with the February 11 high at 25,382. A move above Monday's high of 25,388 could lead to targets at 25,400 and 25,418, with a potential peak at 25,598 from early January.

Support levels are identified in the 25,189 to 25,179 range. The short-term outlook is bullish, aiming for new record highs, while the medium-term outlook remains bullish as long as it stays above the April 7 low of 23,780.

USD/JPY Analysis

The USD/JPY currency pair has slipped from its Monday high of ¥159.86 but remains within a sideways trading range. Support is expected around the March 9 high at ¥158.90 and along the support line from February to April at ¥158.52.

A rise above ¥159.86 is necessary to revisit last week's high of ¥160.03. The short-term outlook is neutral while below the April 7 high of ¥160.03 but above the March 19 low of ¥157.51. The medium-term outlook is bullish as long as it remains above the March 19 low.

Brent Crude Oil Analysis

Brent crude oil prices have partially closed the price gap from April 7-8, rising to $99.74 before retreating. Current support is found at the March 23-25 lows of $93.57 to $92.62, with further support at the April 10 low of $91.68. If these levels are breached, the April 8 low of $88.79 may come into play.

The short-term outlook is bearish while below the April 13 high of $99.74, and the medium-term outlook is neutral as long as prices stay below the March 31 high of $108.88 but above the April 8 low.