Daily market news

commodities Commodities
13:00 - 21.07.2026
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Gold Price Forecast: XAU/USD attempts Descending Triangle breakout near $4,070

Gold price (XAU/USD) is up 1.5% to near $4,067 during the European trading session on Tuesday. The precious metal outperforms as the rally in oil prices has stalled, with investors turning confident that negotiations between the United States (US) and Iran towards peace have resumed.

forex Forex
12:00 - 21.07.2026
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GBP/USD Price Forecast: Tests nine-day EMA support near 1.3400

GBP/USD remains weaker for the fourth consecutive day, trading around 1.3430 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias as the pair remains within the ascending channel.

11:00 - 21.07.2026
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WTI Price Forecast: Struggles below $82.00 and one-month high; bullish potential intact

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the previous day's late rebound from the $79.50-$79.45 area and trades with a negative bias through the first half of the European session on Tuesday.

forex Forex
10:00 - 21.07.2026
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Forex Today: US Dollar struggles to extend rebound as focus remains on Middle East

Here is what you need to know on Tuesday, July 21:

08:00 - 21.07.2026
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WTI declines toward $82.00 as traders digest US-Iran developments

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.00 during the early European trading hours on Tuesday. The WTI declines but remains near multi-week highs as traders continue to assess the developments surrounding the US-Iran conflicts.

forex Forex
07:00 - 21.07.2026
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EUR/USD Price Forecast: Bears retain control below 200-SMA on H4; break of 1.1400 awaited

The EUR/USD pair is seen consolidating during the Asian session on Tuesday and trading just above the 1.1400 mark, or a four-day low touched the previous day.

commodities Commodities
04:00 - 21.07.2026
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Silver Price Forecast: XAG/USD bulls flirt with descending trend-line hurdle, above $57.00

Silver (XAG/USD) attracts buyers for the third straight day and climbs back above the $57.00 mark during the Asian session on Tuesday.

forex Forex
00:00 - 21.07.2026
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USD/CHF Price Forecast: Reclaims 0.8100 as market structure is bullish

The Swiss Franc loses ground against the Greenback in a trading session marked by CHF weakness amid improving risk appetite. At the time of writing, the USD/CHF trades at 0.8101, up 0.32%.

commodities Commodities
20:00 - 20.07.2026
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Silver Price Forecast: XAG/USD attempts to stabilize above $55.00

Silver (XAG/USD) trades on the front foot on Monday as buyers defend the $55.00 mark after the metal briefly slipped below it on Friday, touching its lowest level since December 2025. At the time of writing, XAG/USD trades around $56.85, up nearly 1.50% on the day.

14:00 - 20.07.2026
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WTI Oil rally takes a breather as Tehran leaves the door open to diplomacy

West Texas Intermediate (WTI) US Oil trades around $81.30 on Monday at the time of writing, down 0.54% on the day as investors take some profits following the commodity's sharp rally in recent weeks.

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Natural Gas flirts with break of $3 despite delay in Gaza ceasefire

- Natural Gas prices fall further as a ceasefire breakthrough in Gaza looks imminent. 
- The US Dollar trades in the red again for this week, erasing Wednesday’s gains.
- Natural Gas prices could decline to $2.70 in a worst case scenario. 

Natural Gas (XNG/USD) is sinking this week as a ceasefire deal in Gaza means less risk of any supply issues in the Middle East for Crude Oil and Natural Gas. Although the ceasefire got delayed for one day to Friday, markets are still hopeful that the agreement could be the start of a longer-term easing of tensions in the region. Meanwhile, frost is kicking in on the European continent, though Gas storages remain filled up at historically high levels.

Meanwhile, the US Dollar (USD) lost the brief resurgence seen on Wednesday. Throughout the day the Greenback was in good form to turn this week around in its favor. However, the Greenback let loose of its intraday gains near the US closing bell. With the US market closed for Thanksgiving, expect little counterweight in the US trading session, which means that the US Dollar could weaken a touch further.  

Natural Gas market movers: split drivers


Malaysian energy group Petronas had to delay several LNG shipments to its customers for December. The cause for the delay comes from production issues at its export facility in Malaysia. 

Recent reports show that flows from Norway to Europe and the UK are above the five-day average, according to Gassco. Overall LNG inflow for Western Europe is in line with the 30-day average.
 
Although temperatures in several parts of Europe are starting to head near 0° Celsius, European Gas storages remain at elevated, near-full, levels. 

Several cargo traders are reporting that demand for LNG storage on the water is soaring substantially as European underground storage sites are full. 

Natural Gas Technical Analysis: Demand is not there

Natural Gas is playing a dangerous game of chicken on the charts as price action is below the pivotal level at $3.06, which falls in line with the double top from August 8 and 9. Pressure is on the 100-day Simple Moving Average (SMA), which could give way to let prices drop to $2.72 before finding the 200-day SMA as a support.

Although a ceasefire deal comes into play in Gaza, the possibility of an escalation of violence into a proxy war can’t be ruled out. In this scenario, Natural Gas would likely edge up, with $3.20 as the level to watch. Just above, the 55-day SMA at $3.23 could throw a brief spanner in the works. Once bulls have dealt with a break above the 55-day SMA, look for $3.50 as another resistance barrier in the short-term.

The current pivotal level, marked in an orange line near $3.07, is being turned into a cap and should put more pressure on the downside. The 100-day SMA already snapped on Wednesday, though it was able to salvage the situation with a bounce. Once that 100-day SMA breaks at $3, expect pressure to build on the lower-end of that longer-term trend channel, lined up near $2.95. Once broken, it becomes an open road to $2.72 before meeting the 200-day SMA as last support. 

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