Daily market news

forex Forex
15:00 - 28.07.2026
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New Zealand Dollar struggles as firm US Dollar keeps NZD/USD pinned

NZD/USD trades around 0.5770 on Tuesday at the time of writing, slightly lower on the day. The New Zealand Dollar (NZD) remains pressured by the firm US Dollar (USD), which continues to benefit from safe-haven demand amid persistent geopolitical tensions.

forex Forex
14:00 - 28.07.2026
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EUR/USD Price Forecast: Under pressure with YTD lows at 1.1324 coming closer

The Euro (EUR) is failing to draw any significant support from the truce in the Middle East and the lower Oil prices and keeps heading south against the US Dollar (USD) on Tuesday. EUR/USD bears are testing fresh one-month lows below 1.1360, drawing near the year-to-date low of 1.1324.

forex Forex
12:00 - 28.07.2026
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USD/CAD Price Forecast: Lower oil prices ensure further weakness for Canadian Dollar

The USD/CAD pair trades marginally lower to near 1.4113 during the European trading session on Tuesday. The Loonie pair edges down as the Canadian Dollar (CAD) outperforms its major currency peers.

10:00 - 28.07.2026
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WTI Oil flirts with the $80 level amid speculation about US-Iran peace talks

Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.

forex Forex
09:00 - 28.07.2026
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GBP/USD Price Forecast: Trades vulnerably near 1.3300 ahead of Fed-BoE policy

The British Pound (GBP) trades with caution at around 1.3300 against the US Dollar (USD) during the European trading session on Tuesday.

forex Forex
08:00 - 28.07.2026
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AUD/USD Price Forecast: Slides to 0.6970 after failing to clear 38.2% Fibo. hurdle

The AUD/USD pair attracts some follow-through selling following the previous day's failure to find acceptance above the 0.7000 psychological mark and weakens to the 0.6970 area during the Asian session on Tuesday.

commodities Commodities
06:00 - 28.07.2026
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Silver Price Forecast: XAG/USD falls to near $57.50 despite easing Fed hike bets

Silver price (XAG/USD) declines after registering nearly 0.5% gains in the previous day, trading around $57.50 per troy ounce during the Asian hours on Tuesday.

04:00 - 28.07.2026
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WTI consolidates near one-week low, around $81.00 as traders eye US–Iran talks

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – is seen consolidating the previous day's heavy losses and trading around the $81.00 mark, just above a one-week high set during the Asian session on Tuesday.

forex Forex
22:00 - 27.07.2026
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Forex Today: US Dollar softens as Oil plunges on Middle East pause

The US Dollar (USD) traded mostly unchanged on Monday as a temporary pause in hostilities between the United States and Iran reduces demand for safe-haven assets. The US Dollar Index (DXY) traded lower earlier in the session but moved closed to breakeven by the late American afternoon.

17:00 - 27.07.2026
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WTI Oil drops more than 7% as US, Iran pause strikes

West Texas Intermediate (WTI) US Oil extends its decline on Monday, trading around $82.60 per barrel at the time of writing, down 7.4% on the day.

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forex Forex
13:00 - 28.09.2023
Forex
13:00 - 28.09.2023

EUR/USD regains traction above 1.0500 ahead of German inflation data

EUR/USD is trading above 1.0500, extending a tepid recovery from eight-month lows of 1.0488 in European trading on Thursday. Broad US Dollar correction supports the pair, despite Eurozone economic woes. German inflation data eyed.  

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), is forecast to decline to 4.6% on a yearly basis in September from 6.1% in August. Earlier in the day, regional data from Germany confirmed softening price pressures. Annual CPI inflation in Brandenburg fell to 5.6% from 7.1%, while the same figure dropped to 4.7% from 6% in Hesse.    

A softer-than-forecast CPI print in Germany could make it difficult for the Euro to stay resilient against its rivals. On the other hand, a stronger-than-expected reading, which is not very likely, could help EUR/USD edge higher.

The US economic docket will feature the final revision to the second-quarter Gross Domestic Product (GDP) growth and the weekly Initial Jobless Claims data. Market participants, however, could ignore these data and stay focused on political developments. In case Republicans and Democrats come to terms to avoid a government shutdown ahead of the October 1 deadline, risk flows could dominate financial markets and cause the USD to weaken sharply.

EUR/USD dropped below 1.0500 on Wednesday and came within a touching distance of the 2023-low of 1.0483. Early Thursday, the pair seems to have stabilized above 1.0500, with investors gearing up for key macroeconomic data releases.  

The US Treasury bond sell-off continued mid-week as the lack of progress in US budget negotiations caused investors to position themselves for the potential negative impact of a government shutdown on the US credit rating.  "I don't see the support in the House" for the funding bill presented by the Senate, Republican House Speaker Kevin McCarthy said Wednesday. The next procedural vote on the bill is expected to take place on Thursday.

As a result, US T-bond yields continued to push higher and the US Dollar shined as the go-to safe-haven asset, forcing EUR/USD to stay on the back foot. 

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