24
07, 2026
24
07, 2026
The GBPJPY remains bullish– Forecast today – 23-7-2026
Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.
We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.
The expected trading range for today is between $1620.00 and $1690.00
Trend forecast: Bullish
23
07, 2026
The EURJPY approaches the initial target– Forecast today – 23-7-2026
Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.
We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.
The expected trading range for today is between $1620.00 and $1690.00
Trend forecast: Bullish
23
07, 2026
XAU/USD Price forecast: Gold trims gains, dips to $4,050
XAU/USD Current price: $ 4,050
- Escalating Middle East tensions spurred risk aversion and boosted the US Dollar.
- United States President Donald Trump threatened a massive attack on Iran and its allies.
- XAU/USD turned bearish in the near term and could soon challenge $4,000.
After hitting a weekly peak of $4,165 on Wednesday, Gold turned south and currently changes hands at around $4,050 a troy ounce. The US Dollar (USD) resumed rallying on the back of inflation fears linked to the escalation of the Middle East conflict.
The Houthis, an Islamic political and military faction that controls part of Yemen, declared a maritime embargo against Saudi Arabia in retaliation for airstrikes at the Sanaa airport, and shot Saudi vessels. In return, United States (US) President Donald Trump threatened “major military punishment,” pushing the odds for a conflict resolution. Later in the day, President Trump announced he was considering a massive attack “greater than anything before,” further fueling USD demand.
Meanwhile, the US reported that Initial Jobless Claims declined in the week ending July 18 to 187K from the 209K from the previous one, also easing from the previous 212K. Also, the European Central Bank (ECB) announced its decision on monetary policy. The central bank left rates unchanged, as widely anticipated, while policymakers noted that uncertainty remains high “and the full inflationary impact of the energy shock has yet to play out.” Officials also reiterated that they are well-positioned to navigate the uncertainty caused by the Middle East conflict.
Friday will bring the preliminary estimates of the July S&P Global Purchasing Managers’ Indexes (PMIs) for most major economies. The business activity indicators are likely to trigger some near-term noise, while softer-than-anticipated expansion is likely to feed the dismal mood and hence push the Greenback even higher.
XAU/USD short-term technical outlook
Technically, the four-hour chart shows that XAU/USD has turned bearish in the near term as it sits beneath the main moving averages. The 100-period Simple Moving Average (SMA) at $4,079.33, the 20-period SMA at $4,081.89 and the 200-period SMA at $4,117.30 all align overhead as a layered supply band that caps recovery attempts. The Relative Strength Index (RSI) indicator hovers at 44, while the Momentum indicator turned flat around its midline, reflecting fading downside conviction after the sharp intraday retracement.
In the daily chart, XAU/USD maintains a bearish tone as spot price remains under the key moving averages. Gold is below the 20-day SMA at $4,070.44, while the 100-day SMA at $4,490.36 and the 200-day SMA at $4,495.63 stay well above price, suggesting the broader trend remains capped. Momentum is soft, with the 14-period Momentum indicator in negative territory and the RSI indicator hovering near 45, hinting at lingering downside pressure rather than a decisive recovery.
On the topside, immediate resistance is located at the 100-period SMA at $4,079.33, followed closely by the 20-period SMA at $4,081.89, forming a tight cluster that bulls would need to clear to ease short-term pressure. A more significant barrier emerges at the 200-period SMA at $4,117.30, followed by the weekly top at $ 4,165. Support, on the other hand, lays at $4,000, followed by the June monthly low at $3,941.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
23
07, 2026
EUR/JPY Price Forecast: Euro trims gains but holds above previous highs at 186.32
The Euro (EUR) is giving away previous gains against the Japanese Yen (JPY) on Thursday, as investors position for the European Central Bank’s (ECB) monetary policy decision. The EUR/JPY pair, however, remains positive in daily charts, trading at the highest levels in nearly three months, with dips contained above previous highs at the 186.30 area.
Markets are focusing on the ECB’s monetary policy decision, due later on the day. The bank is widely expected to leave its benchmark Rate on Deposit Facility at the current 2.25%, and leave the door open for further monetary tightening, as the recent rally in Oil prices points to higher inflationary pressures in the near-term.
The Yen, on the other hand, remains broadly offered with the wide divergence between the Bank of Japan and the rest of the major central banks’ monetary policies acting as headwinds for JPY rallies. Bloomberg reported on Wednesday that the BoJ is ready to accelerate its monetary normalisation cycle, although investors have remained sceptical.
Technical Analysis: Correcting lower from overbought levels
EUR/JPY trades at 186.44 with the bullish bias intact as the pair corrects lower after reaching overbought territory. The 4-hour Relative Strength Index (14) at 65 sits within bullish levels, while the Moving Average Convergence Divergence (MACD) indicator remains slightly positive, hinting that upside momentum is still constructive.
Bearish attempts remain contained at the mid-June highs in the 186.30 area, closing the path towards last week’s highs at the 186.00 area and Tuesday’s lows at 185.78. On the topside, initial resistance appears at the intraday highs of 186.65, which is also the 161.8% Fibonacci extension of the June 21-22 rally. Further up, the area between the 261.8% Fibonacci extension of the mentioned cycle at 187.44 and the April 30 high, at 187.55, emerges as the next target.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.00% | 0.02% | 0.13% | -0.05% | -0.03% | 0.31% | 0.04% | |
| EUR | 0.00% | 0.03% | 0.15% | -0.05% | -0.02% | 0.36% | 0.04% | |
| GBP | -0.02% | -0.03% | 0.11% | -0.09% | -0.06% | 0.32% | 0.01% | |
| JPY | -0.13% | -0.15% | -0.11% | -0.20% | -0.17% | 0.17% | -0.11% | |
| CAD | 0.05% | 0.05% | 0.09% | 0.20% | 0.02% | 0.37% | 0.08% | |
| AUD | 0.03% | 0.02% | 0.06% | 0.17% | -0.02% | 0.37% | 0.09% | |
| NZD | -0.31% | -0.36% | -0.32% | -0.17% | -0.37% | -0.37% | -0.30% | |
| CHF | -0.04% | -0.04% | -0.01% | 0.11% | -0.08% | -0.09% | 0.30% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
23
07, 2026
Platinum price repeated the positive closes– Forecast today – 23-7-2026
Platinum price provided positive closes above $1605.00 level, attempting to confirm the bullish corrective scenario, to rally towards $1655.00 level, confirming the bullish corrective scenario, to rally towards $1655.00 level, benefiting from the continuation of providing positive momentum by stochastic rally above 50 level in the last period.
We expect renewing the bullish attempts in the current period, pushing the barrier at $1690.00 to form initial target for the current trading, and surpassing it will extend the trading towards $1740.00 reaching $1790.00 resstance.
The expected trading range for today is between $1620.00 and $1690.00
Trend forecast: Bullish
23
07, 2026
EUR/GBP Forecast 22/07: Sterling Pullback Risk Grows
The Euro rose against the British pound on Tuesday, as the selling may have gotten a bit overdone here. With this, there are a few potential moves that I am watching in this pair.
EUR/GBP
The Euro rose against the British pound during trading on Tuesday as we have reached towards the 0.8550 level. This is an area that’s been resistance previously, and now it has shown itself to be so again. If we could break above the 0.8550 level, then it opens up the possibility of a move to the 0.86 level, which was a major support level.
Ultimately, this is a market that continues to see a lot of volatility and choppiness, and quite frankly, most of what we have seen to the downside more or less focused on the idea that the incoming Prime Minister in the United Kingdom was bringing in some cabinet members that would be a little bit more fiscally responsible. That being said, the market has turned around, and it does look like it’s trying to overcome that 0.8550 level.
Key Technical Levels and Market Dynamics
If it does, then it would not surprise me at all to see this market re-enter the consolidation area we had been in previously, which of course had the floor of 0.86 and the ceiling of 0.8750.
If we fail, then a return to the 0.85 level would not be a huge surprise. Signs of exhaustion probably have people looking to short this pair, as it gives you an opportunity to follow the most recent swing.
The market has seen the British rates over 5% in the 10-year yield for some time, and that is also something to keep in mind: the interest rate differential, so it does favor the downside, but the question at this point is, did we get a little overdone with our selling?
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Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions
As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire
23
07, 2026
Coffee price today July 23: Decreased by nearly 2,000 VND/kg
Domestic coffee prices today
Coffee prices today in the domestic market simultaneously decreased sharply in key production areas. According to the morning update on July 23, the purchase price fluctuated in the range of 96. 400-96. 800 VND/kg, a common decrease of 1,700-1,900 VND/kg compared to the previous session.
In Dak Lak, coffee prices decreased by 1,900 VND/kg, down to 96,600 VND/kg.
In Lam Dong, coffee prices today decreased by 1,900 VND/kg, to 96,400 VND/kg. This is the lowest level among the surveyed areas.
In Gia Lai, coffee prices decreased by 1,700 VND/kg, down to 96,800 VND/kg.
The old Dak Nong area also recorded a purchase price of 96,800 VND/kg, down 1,700 VND/kg compared to the previous session.
World coffee prices
In the world market, coffee prices simultaneously decreased in the most recent session.
On the London exchange, the September 2026 Robusta futures fell 66 USD/ton, equivalent to 1.70%, to 3,818 USD/ton. The November 2026 futures fell 52 USD/ton, to 3,799 USD/ton. The January and March 2027 futures fell 45 USD/ton and 43 USD/ton respectively.
On the New York exchange, Arabica September 2026 futures fell 2.45 US cents/lb, equivalent to 0.75%, to 322.10 US cents/lb. December 2026 futures fell 1.55 US cents/lb, to 307.90 US cents/lb. Further forwards also decreased slightly.
This development shows that domestic coffee prices are being affected by adjustments on both international exchanges.
Coffee price assessment
Coffee prices today decreased in the context of Robusta and Arabica prices in the world both going down. The decrease range of Robusta is stronger than Arabica, creating clearer pressure on the domestic market because Vietnam is a major Robusta producer.
From a global market perspective, the International Coffee Organization (ICO) said that the average ICO aggregate price index in June 2026 reached 248.90 US cents/lb, down 2.8% compared to May 2026. ICO’s report shows that the coffee market is being affected by expectations of improved supply.
For Robusta, the Coffee Annual report of the Foreign Agricultural Services Agency of the US Department of Agriculture (USDA/FAS) forecasts that Vietnam’s coffee production in the 2026-2027 crop year will reach 32.5 million bags converted to green beans. The prospect of increased supply is a factor that can curb the price increase in the medium term.
Regarding the weather, the Central Highlands is in the rainy season. The National Center for Hydro-Meteorological Forecasting forecasts that the Central Highlands region will have showers and thunderstorms in some places, especially in the late afternoon and evening with scattered showers and thunderstorms, locally heavy rain. This season’s rain may support moisture for coffee trees, but it is also necessary to pay attention to the risk of thunderstorms, high humidity and goods preservation.
23
07, 2026
Pound Sterling Forecast: Politics and Jobless Claims in Focus for GBP
– Written by
Minesh Chaudhari
STORY LINK Pound Sterling Forecast: Politics and Jobless Claims in Focus for GBP
The Pound to US Dollar (GBP/USD) exchange rate traded without a clear direction on Wednesday as investors assessed the latest UK inflation figures.
At the time of writing, GBP/USD was changing hands at approximately $1.3367, little changed from the start of Wednesday’s session.
The Pound (GBP) remained broadly stable after the Office for National Statistics (ONS) published June’s consumer price index.
The report showed headline inflation eased from 2.8% to 2.6%, falling below expectations for a more modest slowdown to 2.7% and marking the weakest annual rate of price growth since March 2025.
Ordinarily, a softer inflation reading would have weighed more heavily on Sterling by reinforcing expectations that the Bank of England (BoE) will be under less pressure to tighten monetary policy again this year.
However, losses were limited as core inflation proved more resilient than expected. Investors also remained mindful that the recent surge in energy prices, driven by renewed tensions in the Gulf, could cause inflationary pressures to strengthen again over the coming months.
The US Dollar (USD) regained momentum on Wednesday as escalating tensions in and around the Strait of Hormuz dampened global risk appetite.
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An intensification of the conflict and continued disruption to one of the world’s most important shipping routes pushed Brent crude close to $95 per barrel, heightening concerns over global energy supplies and prompting investors to favour traditional safe-haven currencies.
The jump in oil prices also fuelled speculation that higher energy costs could keep US inflation elevated, supporting expectations that the Federal Reserve may need to maintain a restrictive monetary policy stance for longer.
Near-Term GBP/USD Forecast: Political Developments Could Drive Sterling
Looking ahead to Thursday, the UK economic calendar is relatively quiet following a busy run of domestic data releases, leaving political developments as a potential driver of the Pound to US Dollar (GBP/USD) exchange rate.
Investors will continue monitoring the reaction of the gilt market to Andy Burnham’s first days as Prime Minister. Any renewed concerns over the government’s fiscal plans or borrowing strategy could limit support for Sterling.
Meanwhile, the US Dollar may come under modest pressure if the latest US initial jobless claims figures reveal a further increase in unemployment benefit applications, potentially reinforcing expectations of a softer US labour market.
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TAGS: Pound Dollar Forecasts
23
07, 2026
Gold Price Forecast: XAU/USD at Critical Juncture as Middle East Conflict Widens
Gold Price Forecast: XAU/USD at Critical Juncture as Middle East Conflict Widens
The gold price forecast for XAU/USD has reached a critical juncture as the ongoing Middle East conflict widens, introducing heightened uncertainty into global financial markets. As of late April 2026, the precious metal is trading near key technical support and resistance levels, with its direction increasingly tied to the trajectory of geopolitical tensions.
Geopolitical Tensions Drive Safe-Haven Demand
The escalation of the Middle East conflict, particularly the widening of hostilities beyond initial borders, has significantly boosted safe-haven demand for gold. Investors are rotating capital out of riskier assets such as equities and into traditional stores of value. The conflict’s expansion has disrupted supply chains and raised energy price volatility, further supporting gold’s appeal as a hedge against economic instability. Historically, gold prices tend to rise during periods of geopolitical crisis, and current market conditions mirror those patterns.
Technical Analysis: XAU/USD at a Crossroads
From a technical perspective, XAU/USD is hovering around a critical pivot zone. The price is testing a long-term resistance level near $2,450 per ounce, a point that has capped gains in previous rallies. A decisive breakout above this level could open the path toward $2,500 or higher. Conversely, failure to hold support around $2,380 could trigger a pullback toward $2,320. Trading volumes have increased, indicating strong market participation and conviction among traders. The Relative Strength Index (RSI) remains in neutral territory, suggesting that gold is neither overbought nor oversold, leaving room for further movement in either direction.
Key Levels to Watch
- Resistance: $2,450 – A break above this level could signal a bullish continuation.
- Support: $2,380 – Losing this level may lead to a short-term correction.
- Next Target: $2,500 – Psychological round number and potential profit-taking zone.
Macroeconomic Factors and Central Bank Policy
Beyond geopolitics, macroeconomic factors are also influencing the gold price forecast. Central banks globally, including the Federal Reserve, are maintaining cautious stances on interest rates amid persistent inflation concerns. Real yields remain low, which historically supports gold prices. Additionally, several central banks, particularly in emerging markets, continue to add gold to their reserves, providing underlying demand. The combination of geopolitical risk and accommodative monetary policy creates a favorable environment for gold bulls.
Implications for Investors
For investors, the current juncture presents both opportunity and risk. Those already holding gold may benefit from further upside if tensions escalate, but a diplomatic resolution could trigger a sharp sell-off. Diversification remains key, and gold should be viewed as a portfolio hedge rather than a speculative asset. Traders should monitor headlines from the Middle East closely, as any significant developments could cause rapid price movements.
Conclusion
Gold’s price action is at a critical point, with the widening Middle East conflict acting as the primary catalyst. While the technical setup suggests potential for further gains, the outcome hinges on geopolitical developments. Investors should remain vigilant, focusing on risk management and long-term portfolio balance rather than short-term price predictions.
FAQs
Q1: Why is gold considered a safe-haven asset during conflicts?
Gold has historically retained its value during times of political and economic uncertainty. Unlike paper currencies or equities, gold is a tangible asset not tied to any single government’s creditworthiness, making it attractive when geopolitical risks rise.
Q2: What are the key technical levels to watch for XAU/USD?
The immediate resistance is at $2,450 per ounce, with support at $2,380. A breakout above $2,450 could target $2,500, while a drop below $2,380 may lead to a decline toward $2,320.
Q3: How does central bank policy affect gold prices?
Central bank policies, particularly interest rate decisions, influence gold prices through their impact on real yields and the opportunity cost of holding non-yielding assets. Low real yields and accommodative monetary policy generally support higher gold prices.
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