Daily market news

commodities Commodities
17:00 - 28.07.2026
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Gold Price Forecast: XAU/USD sits out the panic it was built for

Gold trades near $4,020 in the New York morning, down roughly 1.4% on a session that started near $4,075 and never built a bid.

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.

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crypto Crypto
16:15 - 15.11.2023
Crypto
16:15 - 15.11.2023

Over $1 billion worth of BTC susceptible to be sold as Bitcoin price hints at short-term correction

- Bitcoin price reclaimed $36,000 but could see further correction due to the bearish divergence noted over the last three weeks.
- Investors have sent over 34,000 BTC worth over $1.12 billion to exchanges in the past 30 days.
- Analysts suggest there is a less than 50% chance for spot Bitcoin ETF to be approved in this window marked until November 17.

Bitcoin price corrected in the last four days after nearly three weeks of consistent rally, forming a bearish divergence. The result of this divergence would be Bitcoin (BTC) likely falling before it can resume the macro uptrend.

Investors, however, seem too eager to book profits, which is evidenced by the inflow of BTC into the exchanges. They might have to wait a little longer, given that the spot Bitcoin Exchange Traded Fund (ETF) applications might still have a while before they are approved.

Spot Bitcoin ETF approval likely to be delayed

At the moment, the spot BTC ETF applications are the biggest catalyst for Bitcoin price, but it looks like they might not be approved in this window. This window, which began on November 8 and extends to November 17, marks the deadline for the Securities and Exchange Commission (SEC) to provide a decision on the ETF applications.

According to Bloomberg ETF analyst James Seyffart, the chances of approval this week are less than 50% and greater than zero. However, he maintained his stance on the 90% probability of the applications being approved by January 10, 2024.

SEC delaying the decision by the next deadline – November 17 – would mean that the regulator would have to rule on the 12 applications by January, which is now the next major period where Bitcoin price could rally.

Bitcoin price to see some decline

Bitcoin price climbed back to $36,000 on Wednesday, trading at $36,050 at the time of writing. Over the past four days, BTC has declined by about 4.7% after failing to breach the $38,000 mark. The rise noted in the last three weeks marked a bearish divergence as the Relative Strength Index (RSI) formed lower highs as BTC price registered higher highs.

Bearish divergences suggest that the market is bullish, but the momentum is slowing, which tends to result in a price decline. This was noted with the recent fall, but Bitcoin price will likely see further drawdown before it can begin a recovery towards $38,000.

This will be achieved if BTC manages to bounce off the crucial support level of $33,901, which will act as a boost for the cryptocurrency to breach the $36,833 barrier, invalidating the bearish divergence.

However, if Bitcoin price falls through this support level, the bullish thesis would be invalidated, pushing BTC to tag $31,507 or lower.

Bitcoin investors might hold off selling

Bitcoin investors had been expecting good news this week regarding the spot BTC ETF approvals. In line with this optimism, BTC holders had prepared to sell off their holdings as soon as price rallied. This is evinced by the inflow of 34,000 BTC worth over $1.12 billion into exchanges.

Inflows suggest that the sentiment of selling for booking profit or offsetting losses is likely, and given the recent rally, in the case of BTC, it might be the former.

However, with the possibility of the ETF approval this week standing at less than 50%, these investors might refrain from selling their BTC. Should Bitcoin price bounce off $33,901 and climb higher, some of these 34,000 BTC might be offloaded, but the larger chunk of profit booking will likely take place in January following the decision on the 12 applications.

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