16 Jul 2026, 13:19 UTC≈2,100 views51 reactionsread 12 August 2026 Photo
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📰 EUR/NZD – Bears Still Have It
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EUR/NZD – Bears Still Have It
The Forex Strategy remains bearish for the EUR/NZD, which is currently trading at 1.9587. The currency pair is positioned in a 3rd wave within a channel and is operating within a range. The focus is on reaching the ATR target around the 1.9481 level. There is observed convergence on the hourly charts.
Additional…
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16 Jul 2026, 10:18 UTC≈1,300 views0 reactionsread 12 August 2026 Photo
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16 Jul 2026, 10:18 UTC≈1,920 views2 reactionsread 12 August 2026 However, June's statistics do not account for the renewed U.S.-Iran conflict. The temporary peace agreement established last month has effectively ended, leaving the risks of accelerating inflation and continued downward pressure on gold intact.
Technical Analysis
• On the H4 XAU/USD chart, the market has established a consolidation range around the $4,060 level. A downward movement to $4,015 and a subsequent rise …
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16 Jul 2026, 10:18 UTC≈1,260 views4 reactionsread 12 August 2026 Photo
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📰 Gold Is Rapidly Declining in Price: Statistics Hardly Help
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Gold Is Rapidly Declining in Price: Statistics Hardly Help
Gold prices decreased to $4,033 per ounce on Thursday, continuing a downward trend. The market is under pressure due to a significant rise in oil prices, driven by escalating tensions in the Middle East, which are fueling inflationary concerns and expectat…
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16 Jul 2026, 09:47 UTC821 viewsread 12 August 2026 The threat of renewed inflation may also prompt Trump to adopt a more cautious approach, favoring negotiations and compromises. Gasoline prices are nearing an average of $4 per gallon, according to AAA Fuel Prices, coinciding with rising agricultural commodity futures, particularly wheat and corn, amid tensions escalating in the Azov and Black Seas related to the Russia-Ukraine conflict.
Written by Samer Hasn, Senio…
16 Jul 2026, 09:47 UTC720 views4 reactionsread 12 August 2026 ━━━━━━━━━━━━━━━━━━━━
📰 Oil Futures Stabilize Amid Conflicting Assumptions About the Path of the ME War
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Oil Futures Stabilize Amid Conflicting Assumptions About the Path of the ME War
West Texas Intermediate and Brent crude oil futures experienced minor declines, each falling by less than 0.5%. Prices are currently near $79 and $84 per barrel, respectively, following a day characterized by relat…
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16 Jul 2026, 08:47 UTC525 viewsread 12 August 2026 • On the daily chart, gold opened at $4,063.75, reaching a high of $4,067.10 and a low of $4,028.27. Currently, gold futures are trading at $4,036.20, attempting to maintain key support at $4,030. There is potential for a breakdown below this support, especially if trading falls significantly below the immediate resistance at the 9 EMA ($4,078), which has penetrated the 200 EMA ($4,320), along with the 20 EMA ($4,129…
16 Jul 2026, 08:47 UTC500 viewsread 12 August 2026 On Wednesday, U.S. producer prices unexpectedly dropped by 0.3% in June, contrary to expectations of no monthly change, following weaker consumer inflation data earlier in the week. These reports hinted at easing underlying price pressures, which diminished anticipations of an imminent Federal Reserve rate hike.
Nonetheless, investors largely overlooked this historical inflation data as renewed conflict in the Middl…
16 Jul 2026, 08:47 UTC357 viewsread 12 August 2026 Photo
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📰 Gold Tests Key Support as Geopolitical Risks Complicate Fed Outlook
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Gold Tests Key Support Amid Geopolitical Risks Affecting Fed Outlook
On Thursday, as the U.S.-Iran conflict entered its 139th day, President Trump reportedly contemplated resuming full-scale military action against Iran to alleviate the deadlock in the Strait of Hormuz and increase pressure on Tehran rega…
16 Jul 2026, 08:16 UTC280 viewsread 12 August 2026 Photo
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16 Jul 2026, 08:16 UTC358 viewsread 12 August 2026 Politically, sterling gained from reports suggesting that incoming UK Prime Minister Andy Burnham is considering Shabana Mahmood for the role of Finance Minister. Although Mahmood has limited experience in economic policy, she is viewed by markets as a fiscally disciplined candidate. Her potential appointment also diminishes concerns about Ed Miliband becoming Chancellor, which could lead to higher government spendin…
16 Jul 2026, 08:16 UTC313 viewsread 12 August 2026 Photo
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📰 Sterling Strengthens as UK GDP Beats Expectations, Driving GBP/USD Higher
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Sterling Strengthens as UK GDP Beats Expectations, Driving GBP/USD Higher
Fundamental Analysis
On Wednesday, the British pound emerged as the best-performing major currency, buoyed by a weakening US dollar and increasing optimism regarding the UK's fiscal outlook. This movement propelled GBP/USD to…
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