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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.

commodities Commodities
14:00 - 27.07.2026
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Gold Price Forecast: XAU/USD is looking for direction around $4,100

Gold (XAU/USD) has been consolidating gains during the European trading session, following a bullish gap at the week’s opening as a moderate improvement of risk sentiment hurt the safe-haven USD.

commodities Commodities
12:00 - 27.07.2026
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Silver Price Forecast: XAG/USD rallies near $60 as markets embrace US-Iran de-escalation

Silver (XAG/USD) rallies on Monday and trades around $59.45 at the time of writing, up 2.27% on the day.

forex Forex
11:00 - 27.07.2026
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GBP/USD Price Forecast: VCP breakout likely after Fed-BoE policy announcements

The British Pound (GBP) is up 0.15% to near 1.3345 against the US Dollar (USD) during the European trading session on Monday.

forex Forex
10:00 - 27.07.2026
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Forex Today: US and Iran halt strikes, boosting mood to start Fed week

Here is what you need to know on Monday, July 27:

forex Forex
09:00 - 27.07.2026
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EUR/GBP Price Forecast: In a positive trend with bulls eyeing 0.8555 resistance

The Euro (EUR) has picked up towards the 0.8540 area against the British Pound (GBP) on Monday, after a mild pullback on Friday found support at 0.8530. The pair maintains the immediate bullish trend from mid-July lows at 0.8455, with bulls looking at three-week highs in the area of 0.8555. 

forex Forex
08:00 - 27.07.2026
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EUR/JPY Price Forecast: Holds gains around 186.50 within rising wedge

EUR/JPY gains ground after registering minor losses in the previous day, trading around 186.50 during the Asian hours on Monday. The currency cross is keeping a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).

commodities Commodities
06:00 - 27.07.2026
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Silver Price Forecast: XAG/USD jumps over 2% to near $60 on renewed US-Iran diplomacy hopes

Silver price (XAG) trades sharply higher near $60.00 during the Asian trading session on Monday. The white metal starts the week on a firm note as the pause in military aggression between the United States (US) and Iran has sent oil prices sharply lower.

04:00 - 27.07.2026
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WTI remains heavily offered near $84.00 amid hopes for de-escalation in US-Iran conflict

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – opens with a bearish gap at the start of a new at the start of a new week and retreats further from its highest level since June 8, around the $92.25 zone, touched last Thursday.

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Japanese Yen surges to over three-month peak against USD amid rising bets for a BoJ pivot

- The Japanese Yen catches aggressive bids on Thursday and rallies to a three-month high against the USD.
- BoJ Governor Ueda discussed options for a potential pivot from negative interest rates and boosts the JPY.
- A softer risk tone further benefits the safe-haven JPY and exerts heavy downward pressure on USD/JPY.

The Japanese Yen (JPY) strengthens across the board and rallies around 225 pips against the US Dollar, hitting over a three-month peak during the early part of the European session on Thursday. Investors have been rapidly pricing in the possibility that the Bank of Japan (BoJ) will scrap the negative interest-rate regime sooner than expected. Adding fuel to speculation of a move away from the ultra-loose monetary policy, the BoJ has been conducting a special survey of market participants to discuss its impact and side effects. Furthermore, BoJ Governor Kazuo Ueda's visit to Prime Minister Fumio Kishida’s office lifted bets for a major policy shift by the Japanese central bank and provided a strong boost to the JPY.

In contrast, the Federal Reserve (Fed) is expected to start cutting interest rates as early as March 2024 in the wake of easing inflationary pressures and signs that the historically tight labor market is loosening. This, in turn, triggers a USD corrective slide from a two-week high touched on Wednesday, despite a goodish rebound in the US Treasury bond yields. Meanwhile, a softer risk tone is seen as another factor benefitting the JPY's relative safe-haven status. This, in turn, drags the USD/JPY pair closer to the 145.00 psychological mark and supports prospects for a further depreciating move. Traders now look to the release of the US Weekly Initial Jobless Claims data for some impetus later during the North American session.

Daily Digest Market Movers: Japanese Yen gets a strong boost from rising bets for an early BoJ policy shift
Signs that a tight US job market is loosening raise concerns about an economic slowdown and weigh on investors' sentiment, benefitting the safe-haven Japanese Yen.

The US Labor Department reported Tuesday that job openings declined by 617K to 8.73 million in October, or their lowest level in two-and-a-half-years.

The ADP report showed that US private-sector employers added just 103K jobs in November, down from the previous month's downwardly revised 106K.

The readings reaffirmed market expectations about an imminent shift in the Federal Reserve's policy stance and bets for a 25 basis points rate cut at the March policy meeting.

The slew of key US jobs data will continue on Thursday and Friday with the release of Weekly Initial Jobless Claims and the key Nonfarm Payrolls, respectively.

Israeli forces stormed southern Gaza's main city on Tuesday in the most intense day of combat of ground operations against Hamas militants, worsening the humanitarian crisis.

The mixed Trade Balance data from China showed that imports unexpectedly declined by 0.6% in November, fueling concerns about weak domestic demand amid looming recession risks.

BoJ Governor Ueda told PM Kishida that the central bank hopes to che whether wages will rise sustainably, whether wage rises will push up service prices and whether demand will be strong.

Bank of Japan Governor Kazuo Ueda said this Thursday that accommodative monetary policy and stimulus measures are supporting the Japanese economy.

Ueda added that his explanation of monetary policy to PM Kishida included the wage hike outlook for next year, reaffirming bets that the central bank will move away from negative interest rates regime.

Ueda earlier said that they have not yet reached a situation in which they can achieve the price target sustainably and stably and with sufficient certainty.

Technical Analysis: USD/JPY finds some support near 145.00 mark, not out of the woods yet
From a technical perspective, this week's repeated failures to move back above the 100-day SMA support breakpoint, now turned resistance, currently around the 147.45 area, and the subsequent decline favours bearish traders. Moreover, oscillators on the daily chart are holding deep in the negative territory and are still far from being in the oversold zone. This, in turn, validates the near-term negative outlook for the USD/JPY pair.

Furthermore, a break below the 38.2% Fibonacci retracement level of the July-October rally could be seen as a fresh trigger for bearish traders and supports prospects for further losses. Some follow-through selling below the 145.00 mark could then drag the USD/JPY pair to the 50% Fibo. level, around the 144.55-144.50 region.

On the flip side, recovery beyond mid-145.00s could get extended, through is more likely to attract fresh sellers near the 146.00 round figure. This, in turn, should cap the USD/JPY pair near the 146.20 region, or the previous weekly low. That said, a sustaiend strength beyond the latter might trigger a short-covering rally and pave the way for additional gains.

Japanese Yen price today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the New Zealand Dollar.

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