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GBPUSD also managed to retreat below 1.3320 which may add more drop pressure over market As we see over the Daily chart a possible triangle formation may hold market inside 1.3140-80 support and 1.3480 resistance Below 1.3140 more drops is likely SUPPORT RESISTANCE LEVEL1 1.3300 1.3400-30 LEVEL2 1.3160 1.3555 LEVEL3 1.3010 1.3655
Forex
Euro managed to print below support 1.1380 which may add more drop pressure over market As we see over the chart Daily resistance laying at 1.1480 while targets toward 1.1210 and 1.1065 Above 1.1480 more advance toward 1.1620 and above is likely SUPPORT RESISTANCE LEVEL1 1.1310 1.1480 LEVEL2 1.1210 1.1620 LEVEL3 1.1065 1.1685
UBS believes gold prices could face further near-term pressure from rising bond yields and easing geopolitical risk, but says any pullback should be viewed as a buying opportunity. The bank continues to target $5,200 per ounce by mid-2027, arguing that structural demand from central banks and investors remains intact.
Gold Price Forecast: XAU/USD is looking for direction around $4,100
EUR/USD Price Forecast: Resumes decline after testing Bearish Flag breakdown
Euro: Growth and policy doubts point lower against US Dollar – HSBC
Gold firms as Oil prices fall on temporary US-Iran pause
After a month-long climb, USD/INR has once again been rejected near 97.00. We discuss why and how that level impacts its outlook.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate fell to a six-week low last week before recovering as UK political developments, high-impact economic data and the escalating US-Iran conflict drove volatility. At the time of writing, GBP/NZD was trading at NZ$2.3020, virtually unchanged over the week.
USD/JPY Price Forecast: Eases to 163.50 with the broader bullish trend intact
Silver price today: Silver rises, according to FXStreet data
Gold was among the gainers at the start of the week, as the metal started trading on Monday with gap higher and advanced around 1.5% in Asian trading.
Silver Price Forecast: XAG/USD rallies near $60 as markets embrace US-Iran de-escalation
XAU/USD outlook: Gold benefits from the latest easing of tensions in the Middle East
British Pound: Fiscal risks cap upside against US Dollar – BNY
The Pound to Australian Dollar (GBP/AUD) exchange rate fell to its weakest level since late June last week as stronger Australian economic data reinforced expectations for further Reserve Bank of Australia interest rate hikes. At the time of writing, GBP/AUD was trading around AU$1.9073, down approximately 1% over the week.
EUR/USD enters the final week of July at 1.1369. Friday's modest decline in energy prices reduced expectations that the Federal Reserve could raise rates as early as its upcoming meeting, scheduled for Tuesday and Wednesday.
The Fed, GDP, PCE inflation and payrolls headline a pivotal week for forex markets. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
EUR/USD ahead of a key week: Holding near lows
Euro: Energy risks cap recovery against US Dollar – ING
