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16 07, 2026

EUR/JPY Price Forecast: Positions near ascending triangle top around 186.00

By |2026-07-16T08:45:16+03:00July 16, 2026|Forex News, News|0 Comments

EUR/JPY depreciates after three days of gains, trading around 185.90 during the Asian hours on Thursday. The currency cross is retaining a constructive bullish bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) around 56 suggests positive but not overextended momentum, hinting that buyers still control the near-term tone.

The daily chart technical analysis shows the EUR/JPY cross positioning near the upper boundary of an ascending triangle around 186.10, suggesting that price crowding right against that flat ceiling indicates that buyers are aggressively absorbing all selling pressure at that level. This positioning shows immense bullish pressure. Since the dips are getting shallower, staying near the top suggests a breakout above resistance is likely building up.

A decisive daily close above this upper boundary typically triggers a powerful bullish continuation, which could expose the all-time high of 187.95, which was recorded on April 17.

On the downside, primary support lies at the nine-day EMA at 185.35, followed by the 50-day EMA at 185.05. Further declines would put downward pressure on the EUR/JPY cross to test the ascending triangle’s lower boundary around 184.70. A break below the triangle would expose the four-month low of 181.87, recorded on March 16, and the six-month low of 180.81.

EUR/JPY: Daily Chart

(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 weakest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.00% 0.12% -0.05% 0.08% 0.09% 0.12% 0.11%
EUR -0.00% 0.11% -0.04% 0.08% 0.19% 0.13% 0.10%
GBP -0.12% -0.11% -0.15% -0.02% 0.06% 0.02% 0.00%
JPY 0.05% 0.04% 0.15% 0.09% 0.20% 0.16% 0.15%
CAD -0.08% -0.08% 0.02% -0.09% 0.10% 0.07% 0.05%
AUD -0.09% -0.19% -0.06% -0.20% -0.10% -0.01% -0.05%
NZD -0.12% -0.13% -0.02% -0.16% -0.07% 0.01% -0.03%
CHF -0.11% -0.10% -0.01% -0.15% -0.05% 0.05% 0.03%

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).

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16 07, 2026

Coffee prices today 15. 7: Simultaneously increase to new price levels

By |2026-07-16T08:40:03+03:00July 16, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market rebounded in key production areas. The average price was recorded at 97,200 VND/kg, a simultaneous increase of 1,200 VND/kg compared to the previous update.

In Dak Lak, coffee prices increased by 1,200 VND/kg, to 97,200 VND/kg. In Gia Lai, coffee prices also increased by 1,200 VND/kg, hovering at 97,200 VND/kg.

In Lam Dong, coffee prices today reached 96,700 VND/kg, an increase of 1,200 VND/kg. This is the lowest level among the surveyed areas.

The old Dak Nong area recorded the highest purchase price, reaching 97,300 VND/kg, an increase of 1,200 VND/kg compared to the previous update.

The USD/VND exchange rate according to Vietcombank was recorded at 26,040 VND/USD, unchanged compared to the closing session.

World coffee prices

World coffee prices increased and decreased interspersed in the updated table on July 15. While red color covered the New York Arabica exchange, the London Robusta exchange increased and decreased depending on the term.

On the London exchange, the September 2026 Robusta futures contract increased by 15 USD/ton, equivalent to 0.39%, to 3,849 USD/ton.

During the session, this contract at one point reached 4,033 USD/ton but then narrowed down, sometimes falling back to 3,795 USD/ton. Trading volume reached 11,691 lots.

Robusta for November 2026 delivery increased by 4 USD/ton, equivalent to 0.11%, to the 3,800 USD/ton mark.

The January and March 2027 terms decreased by 4 USD/ton and 11 USD/ton respectively, to 3,762 USD/ton and 3,725 USD/ton.

The July 2026 Robusta contract stood at 3,871 USD/ton, up 11 USD/ton.

On the New York exchange, Arabica continued its decline in all terms. September 2026 Arabica futures fell 3.90 US cents/lb, or 1.18%, to 326.1 US cents/lb.

Arabica December 2026 futures fell 3.05 US cents/lb, or 0.98%, to 308.00 US cents/lb.

The March and May 2027 terms decreased by 3.35 US cents/lb and 3.60 US cents/lb respectively, to 301.4 US cents/lb and 299.2 US cents/lb.

The July 2026 Arabica contract reached 337.2 US cents/lb, down 4.2 US cents/lb. However, this term has lower trading volume than long-term contracts because it is near maturity.

Coffee price assessment

Coffee prices closed in opposite directions after setting a 5.5-month high last week, coffee prices continuously fluctuated strongly in a wide range due to reduced market liquidity, making price movements very erratic.

The strengthening of the Brazilian real has contributed to supporting coffee prices. In Tuesday’s trading session, the real rose to its highest level in 3.5 weeks against the USD, reducing the export sales momentum of Brazilian farmers.

Price fluctuations became even stronger due to poor liquidity trading conditions. After the Intercontinental Exchange (ICE) twice increased margins for coffee futures contracts last week, market liquidity decreased significantly. Many commodity investment funds closed down positions, leading to strong ups and downs in one direction.





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16 07, 2026

Pound Sterling Forecast: UK GDP, US Retail Sales in Focus for GBP/USD

By |2026-07-16T04:44:12+03:00July 16, 2026|Forex News, News|0 Comments


– Written by

The Pound to US Dollar (GBP/USD) exchange rate continued to edge higher on Wednesday, building on the previous session’s rally as investors further pared back expectations for additional Federal Reserve policy tightening.

At the time of writing, GBP/USD was trading at around $1.3401, unchanged from Wednesday’s opening levels.

The US Dollar (USD) remained muted through Wednesday’s European session as markets continued to digest the implications of the latest US inflation figures.

The weaker-than-expected consumer price index released on Tuesday sparked a broad selloff in the ‘Greenback’, with investors increasingly questioning whether the Federal Reserve will have scope to raise interest rates again in the coming months.

Following the inflation release, the implied probability of a 25-basis-point rate increase later this month dropped sharply, falling from above 40% to just 14%.

The US Dollar also faced additional headwinds ahead of the latest producer price index release, with economists expecting factory gate inflation to cool further and reinforce the case for a more cautious approach from the Fed.

Although consolidating its recent gains against the US Dollar, the Pound (GBP) traded with little conviction against most of its other major counterparts on Wednesday.

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With no significant UK economic releases to provide direction, investors instead focused on the steady rise in UK government bond yields, with the benchmark 10-year gilt climbing towards its highest level in almost two months.

Higher borrowing costs continue to cloud the UK’s fiscal outlook, with markets wary of the challenges they could create for the incoming government led by Andy Burnham.

Near-Term GBP/USD Forecast: UK Growth Data and US Retail Sales Awaited

Looking ahead, Thursday’s UK GDP release is expected to provide the next significant catalyst for movement in the Pound to US Dollar (GBP/USD) exchange rate.

Economists anticipate that monthly economic growth returned to positive territory in May, with GDP forecast to rise from -0.1% to 0.1%.

A stronger reading could provide Sterling with additional support, although any gains may prove limited if the data continues to point to a sluggish and uneven recovery.

Across the Atlantic, investors will also be watching the latest US retail sales figures. Consumer spending is expected to have slowed noticeably during the previous month, while an increase in weekly jobless claims could add to concerns over the resilience of the US economy and place further pressure on the US Dollar.

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16 07, 2026

UK Stock Market Forecast Today (July 15): FTSE 100 Eyes Muted Opening While FTSE 250 Faces Pressure Amid US-Iran Tensions & Rising Oil Prices – Check Key Stocks to Watch

By |2026-07-16T04:39:07+03:00July 16, 2026|Forex News, News|0 Comments


UK Stock Market Forecast Today (July 15): The UK stock market is expected to begin trading cautiously on Tuesday, July 15, as investors digest a mix of encouraging economic signals and rising geopolitical risks. Softer US inflation data has strengthened expectations that major central banks could ease monetary policy later this year, offering some support to global equities. 

However, renewed tensions between the US and Iran, coupled with higher crude oil prices and uncertainty surrounding energy supplies through the Strait of Hormuz, continue to cloud market sentiment. 

UK Stock Market Forecast Today (July 15)

Market participants expect the FTSE indices to witness a relatively muted start despite positive cues from Wall Street.

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Investors remain caught between two opposing forces. On one hand, easing inflation has revived hopes that interest rates could begin falling in the coming months. On the other hand, escalating geopolitical tensions have pushed oil prices higher, raising concerns that inflationary pressures may persist.

The result is likely to be another session where defensive sectors outperform while investors avoid taking aggressive positions until there is greater clarity on global developments.

Expected Market Outlook

Index Expected Opening Market Sentiment
FTSE 100 Flat to Slightly Lower Cautious
FTSE 250 Slightly Weak Mixed
FTSE All-Share Stable Neutral

UK Stock Market Forecast Today (July 15): FTSE Market Forecast Today (LSE)

The UK stock market is expected to open on a cautious note on Wednesday, July 15, after mixed global market cues and rising geopolitical tensions in the Middle East. Investors will closely monitor oil prices, inflation expectations and corporate earnings for fresh direction.

On Tuesday, the FTSE 100 closed at 10,529.39, gaining 31.10 points (0.30%), while the FTSE 250 finished almost unchanged at 23,406.83, reflecting a lack of strong risk appetite despite optimism over softer US inflation data.

Market participants are now watching whether the FTSE 100 can hold above the 10,500 level. Analysts expect the index to trade in the 10,480-10,560 range during today’s session, with energy, mining and banking stocks likely to remain in focus amid volatile commodity prices and ongoing developments in the US-Iran conflict.

UK Stock Market Forecast Today (July 15): FTSE 100 Previous Market Performance

The FTSE 100 ended Tuesday’s session in positive territory, recovering from early losses as strong gains in banking shares and easing US inflation concerns boosted investor sentiment. However, continued geopolitical tensions in the Middle East kept overall market optimism in check. The domestically focused FTSE 250 finished nearly unchanged, reflecting cautious investor positioning ahead of fresh economic data and corporate earnings.

Index Closing Level (July 14) Day Change % Change Key Driver
FTSE 100 10,529.39 +31.10 pts +0.30% Banking stocks rallied after strong US bank earnings; softer US inflation supported sentiment.
FTSE 250 23,406.83 Flat 0.00% Mid-cap stocks traded cautiously amid geopolitical uncertainty. 

Market Snapshot:

Indicator Value
Previous FTSE 100 Close 10,529.39
Intraday Low 10,422.98
Daily Gain 31.10 points
Daily Percentage Gain 0.30%
FTSE 250 Close 23,406.83
Brent Crude (Approx.) Above $87 per barrel
UK 10-Year Gilt Yield Above 5% 

UK Stock Market Forecast Today: Why Are FTSE 100 & FTSE 250 Expected to Open Cautiously?

Several domestic and international factors are expected to shape today’s market performance.

The biggest concern remains developments in the Middle East. Continued tensions involving the United States and Iran have kept oil markets volatile, increasing concerns about supply disruptions and higher energy costs.

At the same time, investors are analysing fresh inflation data from the United States, which has strengthened expectations that the Federal Reserve could adopt a less aggressive policy stance later this year.

Currency movements, bond yields and corporate earnings will also remain important market drivers during today’s session.

UK Stock Market Forecast Today (July 15): FTSE Major Indices

Investors are expected to closely monitor the performance of Britain’s major benchmark indices throughout the trading day.

Index Why It Matters
FTSE 100 Tracks the UK’s largest listed companies
FTSE 250 Reflects domestic economic sentiment
FTSE All-Share Broad measure of UK equities
AIM All-Share Focuses on emerging growth companies

UK Stock Market Forecast Today (July 15): Key Drivers Influencing the Market

Today’s trading session is expected to revolve around several major themes.

  • Developments in the US-Iran conflict
  • Brent crude oil price movement
  • Global inflation outlook
  • Bank of England interest-rate expectations
  • UK pound movement against the US dollar
  • Corporate earnings announcements
  • Global equity market performance

Together, these factors are likely to determine whether investors adopt a risk-on or risk-off approach during the session.

UK Stock Market Forecast Today (July 15): Key Stocks to Watch Today

Several heavyweight companies could remain in focus as market conditions evolve.

Company Why Investors Are Watching
BP Oil price gains
Shell Energy sector strength
Rolls-Royce Defence and aerospace demand
BAE Systems Geopolitical tensions
HSBC Interest-rate expectations
Barclays Banking sector performance
Rio Tinto Commodity prices
Glencore Mining demand
AstraZeneca Defensive buying interest

UK Stock Market Forecast Today (July 15): What Should Investors Know?

Investors should prepare for another headline-driven trading session.

While easing inflation has improved optimism about future monetary policy, geopolitical developments remain the biggest source of uncertainty. Any significant movement in crude oil prices or escalation in Middle East tensions could quickly influence investor sentiment across European markets.

Market experts also advise monitoring economic data releases, corporate earnings and currency movements throughout the day, as these factors could determine whether the FTSE 100 extends gains or slips into negative territory before the close.



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16 07, 2026

GBP/JPY Forecast 15/07: Stalls Near 218 (Chart)

By |2026-07-16T00:43:33+03:00July 16, 2026|Forex News, News|0 Comments

The British pound has gone back and forth during trading on Tuesday as we continue to see a lot of noise in the Japanese yen-denominated pairs.

GBP/JPY

The British pound has gone back and forth during trading on Tuesday as we continue to see a lot of noise in the Japanese yen-denominated pairs. Quite frankly, that’s not a huge surprise considering all of the problems that the Bank of Japan finds itself dealing with. The most obvious one is the fact that inflation is starting to drop a bit in Japan.

Furthermore, you also have the situation where the weakening Japanese yen has forced the Bank of Japan to intervene in the yen-related pairs, but the market will continue to see a lot of pressure to the upside because, quite frankly, there’s no point in trying to short a pair that is going to cost you at the end of every day.

Carry Trade Dynamics and Key Technical Levels

The 215 yen level is an area that I think is the floor with the 50-day EMA underneath, offering a bit of support as well. To the upside, we have the 218 yen level, an area that has shown itself to be resistance. And if we can break above there, then it’s likely that we go much higher, perhaps to the 220 yen level.

Keep in mind that you get paid at the end of every day to hold this pair. The carry trade is something that a lot of people will be watching closely, not just here, but in other places. The British pound continues to have a lot of strength to it in general, as the Bank of England is a bit more hawkish than many others, and most certainly than the Japanese central bank. I prefer to buy dips, and I do think eventually we probably go higher over the longer-term.

Begin trading our daily forecasts and analysis. Here is a list of Forex brokers in Japan to work with.

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

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16 07, 2026

WTI Crude Oil Price Forecast: Oil Near $80 as US-Iran Tensions Offset OPEC+ Supply Increase

By |2026-07-16T00:38:10+03:00July 16, 2026|Forex News, News|0 Comments


WTI crude oil trades near $80 as US-Iran tensions fuel supply concerns. See today’s oil price forecast, key support and resistance levels…


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Quick overview

  • WTI crude oil is trading near $80 due to escalating US-Iran tensions and concerns over supply disruptions in the Strait of Hormuz.
  • OPEC+ production increases and declining global demand are creating a ceiling on WTI prices despite decreasing inventories.
  • Key resistance and support levels to watch are $80.33 and $78.35, respectively, as market momentum shifts.
  • Drawdowns in global crude inventories continue to support prices, indicating ongoing demand despite rising production.

WTI crude oil trades near $80 as US-Iran tensions fuel supply concerns. See today’s oil price forecast, key support and resistance levels, and what’s driving WTI prices.

Crude oil from West Texas Intermediate reached prices of US$79.75. US-Iran relations destabilizing put pressure on crude oil supply from the Middle East. This unstable situation increased geopolitical risk, pushing West Texas Intermediate oil to its $80 per barrel.

Along with the geopolitical risk, OPEX+ producing oil stockpiles and global demand for oil receding helped keep pressure on prices. This leads the market to guess West Texas Intermediate oil prices and if they will break the $80 threshold.

Why are Oil Prices Rising Today?

The primary reason for the price increase has been the destabilization of the Middle East and the US and Iran military action. This directly affects the Strait of Hormuz and oil tankers and shipments. The Strait of Hormuz is a vital trade route as it carries 20% of the global oil exports.

Due to Middle East shipping disruptions, Asian oil refiners have had to look for alternative oil supplies and increased US oil exports, increasing global energy spot prices. Global supply has decreased making crude oil costs increase. The Gulf shipping situation is more of a Brent crude concern, easing WTI crude prices.

The price of oil has increased globally, but OPEC+ has decreased oil production costs. Therefore, the cost of oil has increased globally while OPEC+ gradually restores their oil stockpiles. On the flip side, both OPEC and the International Energy Agency see demand for oil decreasing, which could push today’s oil prices to a surplus.

Inventory drawdowns continue to support crude

Oil fundamentals are supported by drawdowns in inventories despite rising production.

Global onshore crude inventories continued to decrease in June. Drawdowns in OECD stockpiles and Chinese inventories were recorded. In the United States, commercial crude inventories decreased during the last reporting week. Gasoline inventories also decreased due to refiners working to fulfill peak summer demand.

These drawdowns indicate the market continues to need stored crude to fulfill demand and offset supply disruptions. This leaves prices vulnerable to further supply disruptions in the Middle East.

WTI Crude Oil Price Forecast

WTI is testing key Fibonacci resistance levels after a major rebound from $67.00.

WTI Crude Oil Price Forecast: Oil Near  as US-Iran Tensions Offset OPEC+ Supply Increase

Short-term momentum is improving as prices have reclaimed the 50-period EMA. The RSI is holding near 68, indicating bullish momentum but also the potential for an overbought market.

A sustained break above $80.33 would target the $83.37 resistance, and then the $87.36 resistance would likely come into play.

The potential for profit taking would be triggered by a failure to hold above $78.35. Stronger support is located near $73.26.

Key Takeaways

  • Rapidly escalating tensions in the U.S. and Iran combined with concerns of supply disruptions in the Strait of Hormuz continue to place upward pressure on WTI.

  • Near demand constraints from the OPEC+ production increases and declining global demand continue to place a ceiling on WTI prices.

  • Decreasing global inventories and crude demand from refiners are placing near term support on crude prices.

  • $80.33 resistance and $78.35 support levels should be closely monitored for the next move in WTI.

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.

His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.

His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.





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15 07, 2026

Pound-to-Dollar Forecast: Weaker US Inflation Cuts Fed Rate Hike Bets

By |2026-07-15T20:43:03+03:00July 15, 2026|Forex News, News|0 Comments


– Written by

The Pound to Dollar exchange rate (GBP/USD) climbed back above 1.3400 after softer-than-expected US inflation data prompted investors to scale back expectations of further Federal Reserve rate hikes.

Although geopolitical tensions in the Middle East continue to underpin the Dollar, the benign inflation report triggered a sharp fall in US Treasury yields and allowed Sterling to recover from earlier losses.

GBP/USD Forecasts: Back Above 1.34

The Pound to Dollar (GBP/USD) exchange rate again found support just below 1.3350 in Asian trading on Tuesday and rallied to 1.3430 after lower than expected US data with a dollar reversal as markets focussed primarily on global developments.

UoB commented on the GBP/USD outlook; “downward momentum has not increased significantly. Based on the prevailing momentum, a clear break below 1.3320 appears unlikely.”

According to Scotiabank; “We note the cluster of resistance levels between current spot and 1.3500 but anticipate an extension of the recovery to 1.36.”

Middle East events and the outlook for US interest rates are likely to dominate in the near term. The near-term impacts have pulled the dollar in opposite directions.

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There have been further attacks on Iran by the US military while Iran has attacked ships in the Strait of Hormuz. In response, energy prices have moved higher again while risk conditions remain more fragile.

MUFG commented; “Tit-for-tat military strikes between the US and Iran have continued adding to concerns over the risk of more sustained disruption for energy supplies through the Strait of Hormuz.”

ING commented; “Short-term momentum is swinging back in favour of the dollar as the FX market is finally starting to take the Gulf re-escalation more seriously. Still, both oil (Brent is at $84/bl this morning) and the USD are showing reluctance to fully price back in another supply shock. That’s despite the US reimposing a blockade in the Strait of Hormuz and oil inventories at worryingly low levels.”

Overnight, the US 10-year yield jumped to above 4.60%, not far below 18-month highs recorded in May.

There was, however, a notable reversal after the US data with a retreat to near 4.55% for the 10-year bond and lower yields pushed the dollar lower.

US consumer prices declined 0.4% for June with the year-on-year inflation rate dipping to 3.5% from 4.2% and well below consensus forecasts of 3.8%.

Core prices were unchanged on the month with the annual rate retreating to 2.6% from 2.9% and below expectations of 2.8%.

The dollar dipped after the data with less confidence that the Federal Reserve would hike rates twice before year-end. Markets also cut the probability of a July rate hike to below 20% from 40% the previous day.

According to ING; “Our call for the remainder of the year remains USD negative, primarily resting on another de-escalation and dovish Fed view. But risks, especially in the near-term, are clearly shifting to the bullish side for the greenback.”

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15 07, 2026

Forecast update for EURUSD -15-07-2026

By |2026-07-15T20:37:06+03:00July 15, 2026|Forex News, News|0 Comments


 

no change on the Natural gas price trend despite its recent sideways trading by its stability near $2.900, due to stability below $3.350 resistance, besides the continuation of providing negative momentum by the main indicators, specifically by stochastic move below level 50.

 

All that makes us keep the bearish scenario, to expect reaching $2.820 level soon, and surpassing it will let the price reach $2.620 support to monitor its behavior and detect the suggested targets in the upcoming trading.

 

The expected trading range for today is between $2.820 and $3.050

 

Trend forecast: Bearish





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15 07, 2026

USD/JPY Price Forecast: Reflects volatility contraction amid triangle formation

By |2026-07-15T16:42:15+03:00July 15, 2026|Forex News, News|0 Comments

The USD/JPY pair trades slightly lower at around 162.20 during the European trading session on Wednesday. The pair edges down as the US Dollar (USD) underperforms due to easing fears of interest rate hikes by the Federal Reserve (Fed) this year.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Euro.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.18% -0.13% -0.05% -0.04% -0.17% -0.11% -0.05%
EUR 0.18% -0.01% 0.13% 0.15% -0.03% 0.00% 0.13%
GBP 0.13% 0.00% 0.11% 0.13% -0.04% 0.02% 0.13%
JPY 0.05% -0.13% -0.11% 0.00% -0.14% -0.08% -0.01%
CAD 0.04% -0.15% -0.13% -0.01% -0.14% -0.14% -0.01%
AUD 0.17% 0.03% 0.04% 0.14% 0.14% 0.03% 0.11%
NZD 0.11% -0.01% -0.02% 0.08% 0.14% -0.03% 0.11%
CHF 0.05% -0.13% -0.13% 0.01% 0.01% -0.11% -0.11%

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 US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.16% lower to near 100.78.

The US Dollar faces selling pressure as traders have trimmed hawkish Fed bets following the release of the soft United States (US) Consumer Price Index (CPI) report for June. The report showed that the headline and core inflation decelerated to 3.5% and 2.6% Year-on-Year (YoY), respectively.

Meanwhile, Fed Chairman Kevin Warsh reiterated in his testimony on Tuesday that price stability is non-negotiable. “The Fed has no tolerance for persistently elevated inflation.” If we get policy right – and we will- the inflation surge of the last five years will be a thing of the past,” Warsh said.

On the Tokyo front, investors seek fresh cues regarding whether the Bank of Japan (BoJ) will raise interest rates again this year.

USD/JPY technical analysis

USD/JPY trades lower at around 162.20, sticking to the 20-period exponential moving average (EMA) at 162.10, which indicates a sideways trend. The formation of an Ascending Triangle chart pattern also reflects a sharp volatility contraction.

The Relative Strength Index (RSI) at 51.51 is neutral-to-positive, hinting that buying pressure is steady but not overstretched.

On the topside, immediate resistance is defined by the descending trend line around 162.79, where a clear break would open the way for a stronger bullish extension. On the downside, initial support is seen at the rising trend-line break near 161.79; a downside move below the same would expose the pair to the July 3 low near 160.50.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

US Dollar FAQs

The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.
Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.

The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates.
When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.

In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.

Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

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15 07, 2026

Copper price hovers near the barrier– Forecast today – 15-7-2026

By |2026-07-15T16:36:06+03:00July 15, 2026|Forex News, News|0 Comments


Copper price ended yesterday’s trading by forming bullish waves, to settle near the initial barrier at $6.3000 level, affected by the positivity of the main indicators, specifically by stochastic reach to 80 level as appears in the above image.

 

The suggested scenario depends on the upcoming four hours’ close, the stability below the barrier will reinforce the chances of forming bearish corrective trading, to target $6.1200 reaching $5.9500, while breaching the barrier and holding above it will provide a chance for recording some extra gains by its rally towards $6.4800.

 

The expected trading range for today is between $6.1200 and $6.3800

 

Trend forecast: Bearish

 





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