Support, where buyers tend to step in, is 101.60, then 100.87. Resistance, where sellers tend to step in, is 102.00, then 102.43.
RSI, which measures the strength of recent buying and selling, is around 46, which is neutral. My bias stays neutral while DXY trades between 101.60 and 102.00. A close below 101.60 would favor sellers, while a move above 102.00 would favor buyers.
TradingKey – During Monday’s Asian trading session, international crude oil prices fell significantly from near six-month highs. Brent crude (UKOIL) futures fell 2.02% to $109.45 per barrel; US WTI crude (USOIL) futures dropped 2.32% to $101.05 per barrel. Following last week’s rapid surge, some funds chose to take profits, while the market also began to re-evaluate whether the geopolitical conflict has actually had a sufficiently severe impact on physical supply.
Last Friday, news of the Houthi militia attacking Saudi Arabian airports and oil facilities temporarily drove up the risk premium in the crude oil market significantly. Brent crude settled that day at $116.72 per barrel, the highest closing level since April 29, recording a weekly gain of about 6%; WTI crude settled at $103.27, up about 2.3% for the week.
Over the weekend, tensions in the Middle East showed no clear signs of easing. The Houthi militia claimed responsibility for attacks on Saudi airports and energy facilities, after which Saudi Arabia stated it had successfully intercepted a new wave of missiles and drones. Although the major airport damaged earlier has partially resumed operations, the Houthis still threatened to launch further attacks, making it difficult for the market to fully eliminate concerns over Saudi crude oil production, export facilities, and regional shipping safety.
Saudi Arabia is one of the world’s most important crude oil exporters. Even if current output has not seen a significant drop, as long as refineries, pipelines, ports, or airports face ongoing threats, oil prices are likely to continue pricing in a higher geopolitical premium. The situation in the Red Sea also warrants attention; the Houthis’ push toward the Bab el-Mandeb Strait poses greater uncertainty for the critical waterway connecting the Red Sea to the Gulf of Aden.
In addition, US President Trump stated that between reaching a deal with Tehran and taking tougher action, “the moment of decision is approaching.” This statement heightened market fears that the US-Iran conflict could escalate again. Meanwhile, Iran stated that as long as rationality prevails, the US will not launch new attacks, reflecting that both sides still have room to prevent the situation from spiraling out of control.
Supply disruptions outside the Middle East are also increasing. Libya’s National Oil Corporation stated that pipeline valves connecting the Hamada and Tahala oil fields to the port of Zawiya were shut off, leading to production cuts at the relevant oil fields. While a single event has a limited impact on global supply, simultaneous supply disruptions across multiple regions amidst high Middle East risks tend to amplify market fears of shortages.
Source: TradingView
Looking at the daily chart, Brent crude pulled back rapidly after touching $117 and was last trading at $109.69, indicating that the geopolitical risk premium has cooled down noticeably as short-term profit-taking concentrated.
However, oil prices remain above the 20-day moving average of $105.64 and the 60-day moving average of $98.17, and the ascending trendline has not been effectively broken. Therefore, the current move can still be regarded as a technical pullback after a rapid surge, with the medium-term bullish structure remaining intact for now.
On the downside, initial focus is on the 23.6% Fibonacci pullback level of $106.36, which creates support confluence with the 20-day moving average at $105.64. If Middle East supply risks persist and help oil prices hold above $105–$106, Brent may stabilize in this region and subsequently retest $110 as well as $112–$113; a further breakout would leave the previous high of $117.58 as the primary resistance.
The RSI has retreated from high levels to 56.95 and fallen below its signal line at 62.22, indicating that upward momentum has cooled significantly; however, the indicator remains above 50 and has not yet entered a bear-dominated zone. If oil prices close below $105 and the ascending trendline on the daily chart, the correction could further extend toward $100 and the 60-day moving average at $98.17; losing $98 again would point downside risk toward $93.81.
The pair maintained its stability above the support level at 174.90, resisting negative pressure and forming upward corrective waves that brought it to around 176.05. The price may continue its corrective trading, but repeated stability below the additional resistance barrier near 177.80 prompts us to maintain our bearish outlook.
We expect the pair to renew its attempts to test the 174.90 level. A break below this support would open the way for further declines toward 174.55 and 173.95.
The expected trading range for today is between 175.00 and 176.55
Trend forecast: Fluctuating
Welcome, my fellow traders! I have prepared a price forecast for US Crude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I have identified entry signals for intraday traders.
Gold is trading within a short-term downtrend.
The article covers the following subjects:
Last Friday, the oil price pierced the upper Target Zone of 100.93–99.60. The next upside target is the Gold Zone of 104.47–104.03. After opening with a gap down today, the price is testing the Target Zone from above. If the price remains above this zone, it may rally and exceed the Friday high.
If the oil price breaks below the Target Zone, the correction will continue toward support A at 98.82–98.38. Once this zone is tested, consider long trades, with the first target at 100.82.
Buy near support A at 98.82–98.38. TakeProfit: 100.82, 103.25. StopLoss: 97.31.
Gold is trading within a short-term downtrend and is testing the Target Zone of 3,978–3,957. If the price breaks below this zone, the next downside target will be the Gold Zone of 3,875–3,865.
If bulls manage to defend the Target Zone, the price may start to climb toward resistance A at 4,088–4,078. Once this zone is tested, consider short trades, with the first target at 4,031 and the second target around 3,975.
Sell near resistance A at 4,088–4,078. TakeProfit: 4,031, 3,975. StopLoss: 4,113.
The euro continues to trade within a short-term downtrend. The price has been testing the resistance zone B at 1.1251–1.1239 throughout the past week. Eventually, sellers successfully held this resistance. Consequently, this week, consider holding previously opened positions until the asset reaches the first target at 1.1182. Once it is reached, you can close some positions and move the remaining ones to the breakeven point.
If the EURUSD pair breaks below the 1.1182 level, the next downside target will be 1.1113. Should the asset break above resistance B, the short-term trend will turn bullish.
Hold short trades opened near resistance B at 1.1251–1.1239. TakeProfit: 1.1182, 1.1113. StopLoss: 1.1273.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Product balance is a bit less uniform, with gasoline stocks declining to 205.31 million barrels from 208.262 million, while distillate inventories increased to 104.286 million from 102.611 million. This argues against describing every part of the petroleum ecosystem as tightening simultaneously.
For WTI, this makes the next inventory cycle important. Another draw alongside recovering production would suggest that tighter conditions extend beyond a simple temporary supply reduction. A production recovery combined with slower refinery intake could allow inventories to rebuild. The connection to overseas markets will also matter, as U.S. crude can help satisfy some international requirements, but exports depend on shipping costs, crude quality, and relative prices.
– Written by
Frank Davies
STORY LINK Pound to Dollar Forecast: AI Sell-Off Tests Dollar as GBP/USD Nears 1.34
The Pound to Dollar exchange rate (GBP/USD) held close to five-week highs around 1.3380 after briefly climbing above 1.3410, as renewed concerns over AI stocks undermined the Dollar’s traditional safe-haven appeal.
Pound Sterling remains supported by expectations of a November Bank of England rate hike, while falling US Treasury yields and reduced Federal Reserve tightening bets have limited Dollar demand.
The Pound to Dollar (GBP/USD) exchange rate remained close to five-week highs at the end of the week after Sterling briefly climbed above 1.3410 before easing back towards 1.3380.
GBP/USD reached around 1.3418 on Thursday, its strongest level since mid-September, as the Dollar struggled to benefit from a sharp deterioration in global risk appetite.
According to MUFG; “The US has underperformed again overnight alongside the sell-off in Asian equity markets highlighting again that it is now trading more like a risk currency than a safe haven.”
UoB has identified scope for GBP/USD gains towards 1.3440, while Scotiabank remains constructive on the broader technical picture and sees potential for a move back towards the 1.3650/75 area.
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Global risk conditions dominated trading during the second half of the week as another sell-off in technology shares increased doubts over the sustainability of the artificial-intelligence investment boom.
The Japanese Yen and Swiss Franc attracted the strongest defensive demand, while the Dollar failed to perform as reliably as a traditional safe haven.
US Treasury yields fell sharply as investors moved into government bonds and reduced expectations for further Federal Reserve tightening.
Chris Scicluna, head of economic research at Daiwa Capital Markets commented; “AI is making people nervous, as is oil and as is France, and obviously we have a slight degree of risk aversion in the market, which is benefiting Treasuries, marginally benefiting gilts, and obviously did so for JGBs overnight.”
ING noted that investors appear to be reducing exposure to technology shares and rotating towards more defensive sectors.
The bank commented; “The suspicion now is that global equity investors are starting to scale back their exposure to the tech sector and looking for more defensive plays in sectors like consumer staples, healthcare and utilities.”
It added that this trend could favour greater allocation towards European equities, where major indices have a lower technology weighting.
MUFG also highlighted the changing Dollar dynamic; “The US dollar has lost upward momentum amidst more risk-off trading conditions over the past week undermined in part by the paring back of investor optimism towards AI-related investments, and the scaling back of Fed rate hike expectations.”
Sterling has remained relatively resilient as markets continue to expect a Bank of England rate increase in November.
September UK inflation rose to 3.5%, while recent labour-market and business-activity data have strengthened the view that the economy can withstand somewhat tighter policy.
Friday’s flash UK composite PMI increased to 53.1 from 52.0 in September, comfortably beating expectations and reinforcing the picture of relatively resilient activity.
Markets are therefore close to fully pricing a 25-basis-point November increase and expect further tightening during 2027.
The Dollar side remains more uncertain.
A Reuters poll published this week found almost all economists expect the Federal Reserve to leave rates unchanged at its October meeting, with the next hike expected in December.
ING nevertheless cautioned against assuming broad Dollar weakness while US short-term yields remain elevated; “But until the rock-solid short-end of the US yield curve starts to buckle, it is hard to make the case that the dollar needs to fall across the board.”
Danske Bank also sees energy prices as an important source of Dollar support, with high oil and gas costs creating both inflation and growth risks for energy-importing economies.
For GBP/USD, the 1.3415-1.3440 area remains the immediate upside barrier.
A sustained break above this region would strengthen the case for a move towards 1.3500 and eventually Scotiabank’s 1.3650/75 target area.
On the downside, 1.3330-1.3350 should provide initial support.
For now, the Pound retains support from BoE tightening expectations, while the Dollar’s ability to benefit from renewed risk aversion remains an important test for the pair
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The speed and magnitude of the countertrend rally, whenever it occurs, should provide clues about changes in supply and demand and either support or negate this week’s technically bearish implications. An example can be seen in the prior downswing. It hit support and consolidated tightly before continuing lower, rather than bouncing higher before sellers took back control.
If you’d like to know more about how to trade natural gas, please visit our educational area.
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Kudos to Bank of America’s strategists who are rewarded for a significant out-of-consensus bullish view on pound sterling: the target has been reached, and exceeded.
Because they got the big call correct, it’s probably worth listening to what they think about the pound’s current valuation against the euro and what comes next. The headline is that they say it is now time to turn cautious.
“EUR/GBP target reached, turning neutral,” says the bank’s sterling FX strategist, Kamal Sharma.
Sharma has been bullish pound sterling relative to the euro this year, saying the market has underappreciated the UK’s economic potential.
“Our thesis at the time was that the markets had taken an overly pessimistic view on the UK economy, primarily driven by fiscal concerns,” says Sharma.
Pound Sterling Live has held a similar House View since early summer, and like Sharma, has argued the AI investment pulse was underestimated by economists vis-à-vis the pound.
“The macro story has been helped by the AI wave which has boosted growth momentum with other pillars such as the housing and labour market remaining resilient,” says Sharma.
The median of consensus forecasts for EUR/GBP at the start of 2026 was 0.89, whereas Bank of America pencilled in a forecast target at 0.84.
The pair has fallen to 0.8368 by October 23, the lowest since May 2025.
For pound-to-euro watchers, the BofA forecast target is 1.19, against a consensus at 1.12. The high is at 1.1950.
Pound Sterling Live has for two weeks been predicting – in vain – that the pound-euro rate’s rally ought to reverse as overbought conditions are very much in evidence.
Indeed, this week’s push higher has left the overbought reading on the RSI to a record level, unseen in more than two decades of data.
BofA’s Sharma says there are three reasons to turn cautious on sterling from here:
1) Data surprises at the highs.
A powerful tool in foreign exchange research and prediction is how an economy’s data outcomes surprise against the expectation. It makes sense, as it is the surprise element of an event that tends to move a currency, because traders and investors have to reposition to reflect burgeoning strength or weakness.
A look at the UK surprise index from Citi shows the recent months have yielded a run of positive surprises. It now leaves the index looking richly priced (ignore the post-pandeemic spike).
“We think the ability of the UK data to consistently outpace expectations is likely to wane, especially against the backdrop of the UK rates market which is pricing in a cumulative 115bps of rate hikes over the coming year,” says Sharma.
2) Positioning headwinds harder to resist
Positioning is also an issue. “GBP option premium has repriced meaningfully in favour of calls across most crosses,” says Sharma. In short, that means investors and hedgers have bought a significant volume of option trades that favour upside.
And it’s not just EUR/GBP. “GBPAUD skew is above its 90th percentile out to 6m, while GBPUSD, GBPNZD and GBPCAD also favour GBP upside more than usual,” says Sharma. “With this much optimism priced, sentiment looks increasingly one-sided.”
In short, with the market heavily positioned in one direction, a setback to the bullish narrative could lead a rapid closure of these positions, resulting in downside.
3) Budget risks are underpriced
Wedneday’s budget is upon us, and it forms the key event of the fiscal calendar.
There’s been a distinct lack of hype ahead of John Healey’s first budget when compared to the two delivered by his Labour predecessor, Rachel Reeves.
That’s meant the market has effectively downplayed the risks it poses.
“We are struck by the relative calm in UK markets,” says Sharma. “We think there are some risks of complacency despite the lack of tangible news flow. We would anticipate GBP to consolidate in the coming sessions as the Budget looms.”
Yet, the pound looks to be on course for a fourth weekly advance against the euro, with another fresh multi-week high being printed this Friday. Surely this rally is due to be tested?
Daniella Arcadipane, Senior Currency Specialist at Indigo
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The entire coffee market was awash in red. Downward trends on both the London and New York exchanges, coupled with pressure from the new crop supply, made the market more cautious. Today’s correction also stemmed from strong profit-taking by financial investors after the previous surge, combined with a slight shift in capital flows on futures exchanges.
Robusta coffee prices fell for the third consecutive session, dropping to just $3,301 per ton for the January 2027 futures contract. The main reason was pressure from increased supply. The start of a new harvest season in key coffee-growing regions of Vietnam, such as the Central Highlands, has somewhat eased concerns about short-term supply in the domestic market.
According to the Vietnam Coffee and Cocoa Association (VICOFA), Vietnam’s coffee production for the 2025-2026 crop year (from October 2025 to September 2026) is estimated at 31.7 million bags, equivalent to nearly 1.9 million tons, an increase of about 6-10% compared to the previous crop year. Of this, robusta will account for more than 90% of the total production. Exports in the 2025-2026 crop year are expected to total 1.8 million tons, a strong increase of 21% compared to the previous crop year.
ICE’s robusta coffee inventories have surged over the past six weeks, reaching a 13-month high of 6,488 lots as of October 22nd. This is putting downward pressure on robusta coffee prices, especially as Vietnam is also in the midst of its new 2026-2027 harvest.
Meanwhile, according to Barchart , arabica coffee prices fell in the latest trading session after ICE-certified arabica inventories increased by 4,847 bags on Wednesday (October 21), reaching 239,748 bags, compared to a five-week low of 234,901 bags recorded on October 20. This increase in inventories is consistent with reports earlier in the week indicating that nearly 28,000 bags of arabica coffee were awaiting sorting at the ICE Exchange, the highest level in over a month.
However, overall, ICE’s arabica inventories have been trending downward over the past month and are now only slightly above the 27-year low of 217,646 bags recorded on September 15th. This remains a fundamental factor supporting arabica coffee prices.
Despite price declines on Thursday (October 22), certified arabica production in New York remains low, while weather risks to upcoming crops continue to be factors that could trigger sharp price fluctuations.
According to analysts, although prices have fallen on the global market, current price levels remain relatively high due to fundamental factors such as weather conditions in South American countries and the fact that standardized inventories have not yet fully recovered. Today’s decline is more technical in nature than a long-term trend reversal.
Forecasts suggest that robusta coffee prices on the London exchange will soon find a balance point around $3,200-$3,300 per ton before a clearer trend emerges for the remainder of the year.
The evolution of certified inventories at international exchanges continues to be one of the key factors monitored by the market. Supply is increasing amidst market attention to the ability of consuming countries to meet demand, while weather risks in Asian production regions remain present.
Brazilian coffee exports are also attracting increasing attention. According to Cecafé data compiled by Terra Investimentos, the country’s coffee exports reached approximately 3.14 million bags as of October 21st, a 53.1% increase compared to the previous period. The recovery in trade may contribute to an increase in global supply, but the actual delivery of coffee to consumer markets and certified warehouses remains dependent on logistics and trade processes.
Domestic coffee prices have reversed course and are falling, with the domestic market approaching the 90,000 VND/kg mark.
Traders believe that, in the short term, domestic coffee prices are likely to continue to face slight downward pressure or consolidate sideways around 90,000 – 92,000 VND/kg as newly harvested supplies gradually enter the market. Seasonal selling pressure from farmers may slow down the upward trend in the next few weeks.
However, in the medium and long term, the downward trend is unlikely to continue significantly due to the continued high demand for imports from major consumer markets such as the EU and North America for the year-end holiday season. Farmers and cooperatives need to proactively monitor developments in the global market, balance harvesting and processing schedules to optimize sales timing, and avoid panic selling following short-term price corrections.
According to VICOFA, Vietnam’s coffee export value in the 2025-2026 crop year is projected to increase by nearly 1% compared to the previous year, reaching US$8.5 billion and setting a new record high. However, the growth rate in export value is significantly lower than the increase in export volume, due to a sharp drop in prices. In the 2025-2026 crop year, the average export price of Vietnamese coffee is expected to reach US$4,698 per ton, a decrease of 16.5% (US$929 per ton) compared to the previous year, marking the first decline after five consecutive years of growth.
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Domestic coffee prices today, October 23rd, decreased by 500-600 VND/kg in some key producing regions. ( Unit: VND/kg)
(Source: giacaphe.com) |
According to the World and Vietnam Newspaper, at the close of trading on October 22nd, robusta coffee prices continued to fall on the ICE Futures Europe London exchange. The November 2026 delivery contract decreased by $64, trading at $3,288 per ton. The January 2027 delivery contract decreased by $63, trading at $3,301 per ton. Average trading volume.
Arabica coffee prices on the ICE Futures US New York exchange fell, with the December 2026 contract declining 3.7 cents to trade at 312.45 cents/lb. The March 2027 contract fell 3.8 cents to trade at 297.45 cents/lb. Trading volume was high.
| Agricultural product prices today, October 23, 2026: Coffee prices plummet, is a long-term trend reversal beginning? Chinese e-commerce platforms feel the effects of new EU tariffs. |
Domestic pepper prices increased by 1,500 VND/kg in Dak Lak and remained stable in other localities. Specifically, transactions in key producing areas on October 23rd were as follows:
In Dak Lak province, the price of pepper today is being purchased at 140,000 VND/kg, an increase of 1,500 VND/kg.
In Gia Lai province, the price of pepper today is 137,000 VND/kg.
In the Dak Nong area ( Lam Dong province), the price of pepper today is being purchased at 139,500 VND/kg.
In the Ba Ria – Vung Tau (Ho Chi Minh City) area, the price of pepper today is 137,500 VND/kg.
In Dong Nai province, the price of pepper today is 137,000 VND/kg; in Binh Phuoc province, the price of pepper today is also being purchased at 137,000 VND/kg.
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The latest world pepper prices are updated from the International Pepper Association (Source: giacaphe.com).
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According to the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of October 2026, Vietnam exported 10,417 tons of pepper, worth US$69.1 million, a decrease of 4.6% in volume and 1.3% in value compared to the first half of September 2026, equivalent to a decrease of 498 tons.
Regarding markets, the US continued to be the largest export market, reaching 2,666 tons, accounting for 25.6% of total exports, a decrease of 8.2% compared to the first half of the previous month. China ranked second with 1,534 tons, accounting for 14.7%, a decrease of 27.8%. Exports to China decreased by 591 tons, a larger decrease than the overall decrease nationwide, indicating that this was the main factor dragging down total exports.
In the first 15 days of October 2026, Vietnam imported 659 tons of pepper, including 542 tons of black pepper and 117 tons of white pepper, with a value of US$4.2 million. Compared to the first half of September 2026, the import volume decreased by 31.3%, equivalent to a decrease of 300 tons, and the value decreased by 20.8%. Indonesia was the largest supplier with 202 tons, accounting for 30.7% of the total import volume, a decrease of 10.6% compared to the first half of the previous month.
Raw material prices in the Mekong Delta region continue to remain stable. On the export market, rice prices generally remain steady, according to the Vietnam Food Association (VFA).
In Vietnam, the export price of 5% broken white rice fluctuates. 423–427 USD/ton.
Export prices for Jasmine rice decreased by $6/ton to $518-$522/ton, a slight increase of $1/ton.
The price of fragrant rice with 5% broken grains has increased to 470-475 USD/ton .
In Thailand, the price of 5% broken white rice is being offered at US$474–478 per ton, the highest among major rice exporting countries. Meanwhile, the price of 5% broken white rice from Pakistan is lower, fluctuating between US$408–412 per ton. In India, the price of the same type of white rice remains stable at US$384–388 per ton. The price of parboiled 5% broken rice from the country also shows no change, remaining in the range of US$380–384 per ton.
According to the FAO, global rice production for the 2026-2027 season is expected to decrease by 1.9%, to 553.1 million tons, due to shrinking producer margins and unfavorable weather conditions related to El Niño. Meanwhile, the USDA forecasts production at 533.9 million tons, down 3.4 million tons from its previous forecast and 2.2% from the 2025-2026 season.
According to data from the Customs Department, Vietnam’s rice exports in the first eight months of the year reached 6.03 million tons, worth $2.9 billion, a decrease of 5.1% in volume and 10.8% in value compared to the same period in 2015. The main reason is the decline in demand from some key markets, especially the Philippines.
Although global rice supply remains at risk due to the impact of El Niño, Vietnamese rice exports are projected to face pressure in the short term as demand from its two main markets, the Philippines and China, shows signs of slowing down.
The European Union’s (EU) new tariffs on low-value e-commerce imports are having a noticeable impact on Chinese platforms. In September, sales of Shein, Temu, and AliExpress in France continued to fall sharply, mainly due to a decline in customer numbers.
According to Les Echos on October 22nd, research by the cashback app Joko, based on data from 1.5 million consumers who connected their bank accounts to the app, showed that in the first four weeks of the post-summer holiday shopping season, sales by value decreased by 26% for Shein, 19% for Temu, and 24% for AliExpress.
According to Joko, the main reason is the 3 euro tax imposed by the EU from July 1st on shipments worth less than 150 euros transported by air. At the end of August, French customs reported that imports from China had decreased by 30-40% since the measure came into effect.
Data from Médiamétrie/NetRatings also shows a similar trend. In July, Shein’s user count decreased by 42.3% year-on-year, Temu by 36.4%, and AliExpress by 10.4%.
The decline in sales mainly stems from platforms losing customers. If we take the number of customers in Q2 2026 as a benchmark of 100, by the end of September, this figure had fallen to only 77 for Shein, 63 for Temu, and 70 for AliExpress. According to Joko’s experts, the new tax has reduced the price advantage, which is one of the most important factors in attracting consumers to Chinese platforms.
Even the loyal customer base is declining sharply. From June to September, the number of customers in this group decreased by 31% at Shein, 49% at Temu, and 40% at AliExpress.
Besides the 3 euro tax, several other factors could also affect the operations of Chinese platforms, including controversies surrounding illegal goods and reactions to Shein’s presence at the BHV department store in Paris.
France also began implementing an environmental surcharge on fast fashion on September 1st, ranging from 0.50 to 12 euros per item depending on its repairability. However, the process of identifying the platforms and products subject to the surcharge is complex, so it remains unclear how this measure will impact sales.
A notable development is that the average order value on Temu increased by 34% and AliExpress by 40% in September. According to Joko, this may indicate that the two platforms have passed on some of the costs incurred from taxes to the selling price. Meanwhile, Shein’s average order value remained almost unchanged, increasing by only 1%, suggesting that the platform may be employing a different strategy.
Despite significant impacts, Chinese platforms still maintain a large market share in France. According to the French Federation of E-commerce and Remote Selling (Fevad) and the French Fashion Institute (IFM), in July, Shein, Temu, and AliExpress still accounted for approximately 7% of the entire clothing market in the country.
In the first seven months of 2026, Shein remained the second-largest textile retailer in France, behind only Kiabi. With its large warehouse in Poland, Shein also has the ability to distribute goods from within the EU, thereby limiting the impact of tariffs on small shipments imported directly from outside the bloc.
The EURUSD pair declined in its latest intraday trading, surpassing EMA50’s support, putting it under negative pressures and reinforces the likelihoods of deepening its losses before its stability at the key support at 1.1190, which represents a key technical stations in the near upcoming period.
This is accompanied by the emergence of negative overlapping signals from the relative strength indicators, after offloading its previous oversold levels, reinforcing the continuation of the negative pressure, keeping the risk of the decline valid in the near upcoming period.
