By Saturday, 26 July, the US Greenback Index had slipped beneath the 98.00 mark, recording its sharpest weekly drop in a month. The decline adopted improved sentiment surrounding commerce negotiations with Japan and the European Union, which lifted inventory markets and weakened demand for conventional safe-haven belongings such because the greenback and gold. Buyers at the moment are targeted on the upcoming Federal Reserve assembly, in addition to key US macroeconomic information – Q2 GDP, the core PCE worth index, and naturally, employment figures. These indicators are more likely to form market sentiment within the ultimate days of July and set the tone for early August.
💶 EUR/USD
The euro is holding comparatively regular in opposition to the greenback, buying and selling close to 1.1740 after recovering from current lows round 1.1560. On the primary buying and selling day of July, the pair briefly climbed to 1.1830 earlier than pulling again and consolidating round 1.1755. Assist is seen close to 1.1700, adopted by 1.1660. The pair’s additional course largely depends upon the motion of the greenback index. A breakout above 98.65 might weigh on the euro, whereas renewed greenback weak spot would possibly raise EUR/USD again towards current highs.
₿ BTC/USD
Bitcoin stays in a consolidation part close to the pivot level of $118,200, whereas sustaining important volatility. The weekly vary has been between $114,725 and $120,365. A failure to carry above $115,000 might intensify draw back strain. Nevertheless, the truth that the pair is buying and selling above $118,000 on Saturday, 26 July, suggests a possible return to a bullish development. Institutional flows and market sentiment stay the first drivers of worth motion.
🛢️ Brent Crude
By the tip of the buying and selling week, Brent crude fell to $68.53 per barrel, trimming a part of the positive factors seen earlier in July. Whereas costs have risen about 2.5% because the finish of June, they continue to be decrease year-on-year, with final 12 months closing at $74.53. This weak spot is essentially on account of gentle demand and considerations over oversupply. Forecasts for the approaching month recommend a spread between $65.80 and $70.50, with market individuals intently watching OPEC+ selections and geopolitical dangers, notably within the Center East.
🥇 XAU/USD (Gold)
Gold ended the week round $3,337 per ounce, totally in keeping with our earlier forecasts of consolidation close to $3,350. Speedy help is seen within the $3,300–$3,310 zone. If bulls fail to defend this space, a correction towards $3,285 after which $3,245 is feasible. In case of renewed development, the closest resistance is predicted round $3,370, adopted by $3,300 and $3,245. The valuable metals market stays extremely delicate to shifts in threat urge for food and the end result of the Fed assembly scheduled for midweek.
✅ Conclusion
The week of 28 July to 1 August is predicted to be extremely tense, with the highlight on the Federal Reserve assembly, the discharge of US information on GDP, inflation, and employment, in addition to the destiny of recent tariffs that would come into impact as early as 1 August. The introduction of duties of as much as 35% on items from the EU, Canada, and Mexico might sharply escalate commerce tensions and enhance uncertainty throughout world markets. EUR/USD stays delicate to greenback fluctuations, whereas Brent crude is weak to dangers of oversupply and weakening demand. Gold and bitcoin are each vulnerable to decline: if key help ranges are breached, these belongings might speed up their fall amid end-of-month profit-taking and capital outflows from safe-haven and speculative devices. Market sentiment in early August will largely rely on the interaction between geopolitics, macroeconomic information, and investor reactions to rising commerce threats.