Daily market news

forex Forex
18:00 - 10.07.2026
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AUD/USD climbs as Chinese Yuan strength supports the Aussie

AUD/USD advances toward the 0.6960 area on Friday, supported by a softer US Dollar (USD) and renewed strength in the Chinese Yuan (CNY). The pair continues to recover on the four-hour chart, although escalating tensions between the United States (US) and Iran are limiting broader risk appetite.

16:00 - 10.07.2026
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WTI price holds near $72 amid hopes of US-Iran de-escalation

West Texas Intermediate (WTI) Oil trades around $72 at the time of writing on Friday, up 0.42% on the day, but remains in a consolidation phase after reaching a more than two-week high earlier this week.

commodities Commodities
14:00 - 10.07.2026
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Silver Price Forecast: XAG/USD turns upside down amid renewed Middle East hostilities

Silver price (XAG/USD) surrenders its early gains and slides 0.73% to near $59.50 during the European trading session on Friday. The white metal turns negative amid fears that the next monetary policy move by the Federal Reserve (Fed) will be on the upside.

commodities Commodities
13:00 - 10.07.2026
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Gold Price Forecast: XAU/USD wavers around $4,100 with the bearish trend intact

Gold (XAU/USD) nurses minor losses with price action contained within Thursday’s trading range, around the $4,100 level, set for 1.6% weekly depreciation. Precious metals struggled this week as the resumption of hostilities in Iran boosted Oil prices, pressuring central banks to hike interest rates.

forex Forex
11:00 - 10.07.2026
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USD/JPY Price Forecast: Dollar finds resistance at the 161.75 previous support

The US Dollar (USD) holds losses below 161.75 against the Japanese Yen (JPY) on Friday following a 100-pip reversal earlier on the day.

forex Forex
10:00 - 10.07.2026
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Forex Today: US Dollar extends correction as US-Iran conflict remains under spotlight

Here is what you need to know on Friday, July 10:

forex Forex
09:00 - 10.07.2026
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NZD/USD Price Forecast: Gathers strength above 0.5750, but remains below key technical resistance

The NZD/USD pair trades in positive territory around 0.5775 during the early European session on Friday. The New Zealand Dollar (NZD) gathers strength to its strongest level in three weeks against the US Dollar (USD) on a hawkish rate hike from the Reserve Bank of New Zealand (RBNZ).

forex Forex
08:00 - 10.07.2026
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GBP/USD Price Forecast: Edges higher above 1.3400, bullish outlook remains intact

The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD).

forex Forex
07:00 - 10.07.2026
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EUR/USD Price Forecast: Sits near weekly top around 1.1450 as bulls flirt with 23.6% Fibo.

The EUR/USD pair attracts some buyers for the third consecutive day and touches a fresh weekly high, around the 1.1460 area, during the Asian session on Friday.

04:00 - 10.07.2026
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WTI consolidates below $72.00 as traders monitor geopolitical developments

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.

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EUR/USD climbs above 1.0650 after EU data

The daily chart of EUR/USD indicates a lack of clear bias, suggesting that the pair may continue to trade around the 20-day Simple Moving Average (SMA). However, a break above the 55-SMA, which is currently located at 1.0675, would suggest the potential for further gains.
On the 4-hour chart, the price is currently above key SMAs and consolidating above 1.0600. The technical indicators are slightly biased to the upside, although with weak conviction. Further gains are likely in the upcoming Asian session, particularly while the price remains above 1.0575.

The Euro faces a relevant resistance area around 1.0630, and a breakout above that level would open the doors to further gains, potentially towards 1.0670.

On the flip side, immediate support is seen at 1.0590, followed by the area between 1.0550 and 1.0560. A break below these levels would weaken the outlook, suggesting a test of 1.0520.

The EUR/USD climbed above 1.0600 during the American session, supported by a weaker US Dollar across the board ahead of the FOMC meeting and key jobs data. The Euro also received support from Eurozone economic data. The pair peaked at 1.0625, the highest level in six days.

The European Central Bank (ECB) would likely welcome the data from Germany. The economic contraction during the third quarter was milder than expected, with a decline of 0.1% quarter-on-quarter compared to the projected 0.3% contraction. Additionally, previous figures were revised higher, reversing the technical recession that occurred in Q4 2022/Q1 2023. According to preliminary data, annual inflation in October decreased from 4.5% in September to 3.8%, falling below the expected 4%. More German data, specifically Retail Sales, is scheduled to be released on Tuesday. Eurostat will also release the Eurozone Harmonized Index of Consumer Prices and GDP data.

The data supports the expectation that the ECB will maintain its current stance in the near future. The Federal Reserve (Fed) is also expected to keep rates unchanged as it starts its 2-day meeting on Tuesday. However, the strong economic performance allows for potential rate hikes if the FOMC desires, as the labor market remains tight and the annualized GDP growth recorded in Q3 was above 4%.

Key US data is due throughout the week, starting with the Employment Cost Index on Tuesday, followed by the ADP private employment report, and culminating with the Nonfarm Payrolls on Friday. These figures will have an impact on the momentum of the US Dollar, that weakened on Monday amid improved risk sentiment.

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