Euro Supported by Trade Deal, Eyes Turn to US-China Talks

Markets opened the week in a risk-on mood as trade developments filled the void left by a barren economic calendar. Euro gained broadly following the announcement of the US–EU framework agreement over the weekend, although upside momentum remained modest. The deal eased tariff threats and highlighted strategic cooperation, including major European energy purchases from the … Read more

Dollar Dominates as Euro Sinks Under Criticism of ‘Unequal’ Trade Pact

EUR/USD reversed sharply after an early bounce on Monday, as markets continued to digest the implications of the new US–EU trade framework. The pair’s drop was driven by a combination of Euro weakness and resurgent Dollar strength, reflecting an underwhelming investor response to the deal and shifting interest back toward US assets. Euro’s softness wasn’t … Read more

Pre-BoJ Positioning Lifts Yen, Dollar Holds Top Spot

Yen recovered broadly in Asian session, likely helped by short-covering ahead of Thursday’s BoJ policy decision. Traders may be bracing for surprises in the central bank’s updated economic projections, particularly after last week’s US-Japan trade deal lifted some trade-related uncertainty. Although no rate hike is expected, any forward-leaning language suggesting rate hikes in the near … Read more

Altcoins Have Taken the Initiative

Market Overview The crypto market cap is once again approaching 4 trillion, currently standing at $3.96 trillion. The market returned to growth after Friday’s jump and rapid correction. Unlike in previous months, the main driver is the rise in altcoin prices, rather than the first cryptocurrency. This is an important indicator of buyer confidence. However, … Read more

US Dollar Falls Off to Start the Week

The US Dollar has started to show some signs of relative weakness after an almost flawless beginning to July. Between a rebirth in Tariff talks, extended until the 1st of August and some general volatility in global Geopolitics, there has been some sell-side covering for the Greenback. The rally has (at least for now) concluded … Read more

Gold Wave Analysis – Action Forex

Gold: ⬆️ Buy Gold broke resistance daily Triangle Likely to rise to resistance level 3450.00 Gold recently broke the resistance zone between the resistance level 3370.00 (upper border of the narrow sideways price range inside which Gold has been trading from the end of June) and the resistance trendline of the daily Triangle from April. … Read more

WTI Oil Slips as 200-day MA Caps Upside Potential

Oil prices continue to trade in a tight range between the 100 and 200-day MAs. Similar to Gold last week Oil prices appear to be in need of a catalyst that could provide some direction. EU Sanctions on Russian Oil Exports On Friday, the European Union approved its 18th round of sanctions against Russia for … Read more

Gold Regains Momentum—Bulls Back In The Game

Key Highlights Gold started a fresh increase above the $3,375 resistance. A key bullish trend line is forming with support at $3,345 on the 4-hour chart. WTI Crude Oil prices could restart decline and trade below $66.50. USD/JPY is consolidating gains below the 148.50 resistance. Gold Price Technical Analysis Gold prices formed a base above … Read more