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10 07, 2026

GBP/USD Forecast 10/07: Chaos Triggers Range (Video)

By |2026-07-10T12:10:48+03:00July 10, 2026|Forex News, News|0 Comments

The British pound initially rallied against the USD on Thursday but seems to be running into a touch of trouble.

GBP/USD

The British pound initially rallied against the US dollar during trading here on Thursday, and it then tested an area that was a major resistance barrier just waiting to happen, where supply had come into the market aggressively several days ago. Now we find ourselves trying to form a bit of a shooting star just above the 200-day EMA. We have to ask whether or not the sellers are going to get aggressive.

Interest rates in America did dip just a touch. I think you also have a situation where it’s difficult to get aggressive against the US dollar, although you can certainly make an argument if there is one currency that probably has a good shot at really taking it to the US dollar, it’s the British pound.

Middle East Chaos and Range Dynamics

That being said, I think there are a lot of questions right now about what’s going to happen next in the Middle East, and that’s causing some chaos. The markets, I believe, continue to just hang around this area, and I just don’t see how markets are looking for a big move in one direction or the other. This is a currency pair that tends to range quite a bit, and we are basically in the middle of the range from last year. So, a little bit of hesitation here makes sense. Maybe a short-term selling opportunity, but I think you’re somewhat in no man’s land.

I did this yesterday, I put this out, and I suggested that maybe the British pound is a great measure of the US dollar. If the pound starts to fall, then that means your dollar is going to strengthen against multiple other currencies. If the US dollar starts to fall apart, you should see the pound be one of the biggest beneficiaries. So, I think this is still very much a tertiary indicator more than anything else.

Ready to trade our daily Forex GBP/USD analysis? We’ve made this UK forex brokers list for you to check out.

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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10 07, 2026

Coffee prices today July 10th: Continue to increase sharply, approaching 100,000 VND/kg

By |2026-07-10T11:58:44+03:00July 10, 2026|Forex News, News|0 Comments


Domestic coffee prices today

Coffee prices today in the domestic market simultaneously increased very strongly in key production areas. The average price was recorded at 98,300 VND/kg, an increase of 6,000 VND/kg compared to the previous update.

In Dak Lak, coffee prices increased by 6,000 VND/kg, to 98,200 VND/kg. In Gia Lai, coffee prices reached 98,300 VND/kg, also increasing by 6,000 VND/kg.

In Lam Dong, coffee prices today increased by 6,100 VND/kg, to 97,900 VND/kg. This is still the lowest level among the surveyed areas.

The old Dak Nong area recorded the highest purchase price, reaching 98,400 VND/kg, an increase of 6,100 VND/kg compared to the previous update.

Thus, domestic coffee prices currently fluctuate from 97. 900-98. 400 VND/kg. The gap between the region with the highest and lowest prices is 500 VND/kg.

After a strong increase session, the domestic coffee price level has approached the threshold of 100,000 VND/kg. This is a notable increase after two previous deep decline sessions.

The USD/VND exchange rate according to Vietcombank is recorded at 26,074 VND/USD.

World coffee prices

World coffee prices simultaneously increased sharply in the most recent trading session. Both Robusta on the London exchange and Arabica on the New York exchange recorded large increases.

On the London exchange, the September 2026 Robusta futures contract increased by 302 USD/ton, equivalent to 8.07%, to 4,043 USD/ton.

During the session, this contract at one point increased to 4,066 USD/ton. Trading volume reached 14,265 lots.

Robusta for November 2026 delivery increased by 290 USD/ton, equivalent to 7.81%, to 4,002 USD/ton.

The January and March 2027 terms increased by 285 USD/ton and 282 USD/ton respectively, to 3,967 USD/ton and 3,933 USD/ton.

The July 2026 Robusta contract reached 4,603 USD/ton, up 171 USD/ton. However, this term has low trading volume because it is close to maturity, so the September contract reflects the market trend more clearly.

On the New York exchange, Arabica increased very strongly. September 2026 Arabica futures contract increased by 38.10 US cents/lb, equivalent to 12.30%, to 347.90 US cents/lb.

During the session, this contract at one point increased to 348.55 US cents/lb. Trading volume reached 34,370 lots.

Arabica December 2026 futures increased by 30.95 US cents/lb, equivalent to 10.41%, to 328.20 US cents/lb.

The March and May 2027 terms increased by 28.80 US cents/lb and 27.85 US cents/lb respectively, to 321.00 US cents/lb and 318.30 US cents/lb.

The July 2026 Arabica contract increased by 32.70 US cents/lb, to 356.95 US cents/lb. However, this term has lower volume than long-term contracts because it is close to maturity.

Coffee price assessment

Domestic coffee prices surged sharply after two consecutive deep declines. This development is accompanied by a very strong recovery of Robusta and Arabica prices in the world market.

In the short term, the coffee market is fluctuating strongly due to the intertwined impact between profit-taking activities, buying force returning after deep declines and cautious psychology in the face of weather risks in large production areas.

The fact that Arabica prices increased by more than 12% and Robusta increased by more than 8% shows that buying power has returned quite strongly on the two exchanges. With the domestic market, the upward momentum of world prices often quickly affects buying and selling sentiment, especially when the price level has fluctuated strongly in recent sessions.

However, it should be noted that too strong uptrends often come with technical correction risks. After coffee prices increase rapidly, profit-taking activities may appear in the market, causing prices to continue to fluctuate strongly in the following sessions.

From a global supply-demand perspective, a report by the International Coffee Organization (ICO) shows that the market previously reacted to the prospect of improved supply. This is a factor that may limit the upward momentum of coffee prices in the medium term.

For Brazil, the Foreign Agricultural Services Agency of the US Department of Agriculture (USDA/FAS) said that the Brazilian National Supply Company (CONAB) forecasts Brazil’s coffee production in the 2026-2027 crop year to reach 66.7 million bags, an increase of 18% compared to 2025.

Brazil is the world’s largest Arabica producer. Therefore, the prospect of a large crop in this country is still an important factor that could put pressure on Arabica prices, although the short-term market is still sensitive to weather risks and harvest progress.

Rabobank of the Netherlands also assessed that the expectation of a large coffee crop in Brazil may put pressure on global prices, in the context of generally favorable weather conditions for crop development.

With Robusta, supply from our country continues to be a noteworthy factor. The USDA/FAS report in Vietnam forecasts that Vietnam’s coffee production in the 2026-2027 crop year will increase to 32.5 million bags converted to green beans, thanks to production expansion after a period of high coffee prices.

Our country is the world’s largest Robusta producer, so the prospect of increased production may put pressure on Robusta in the medium term. However, in the short term, prices may still fluctuate sharply due to export demand, inventory and developments on international exchanges.





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10 07, 2026

GBP/JPY Price Forecast: Pound consolidates after hitting fresh all-time highs at 218.00

By |2026-07-10T08:09:39+03:00July 10, 2026|Forex News, News|0 Comments

The British Pound (GBP) is pulling lower against the Japanese Yen (JPY) on Thursday, after hitting a fresh all-time high at 218.01 earlier on the day. The pair has returned to the mid-range of the 217.00s at the time of writing, yet with the bullish trend in place, holding comfortably above the previous highs, in the 217.20 area.

Risks of an intervention by the Japanese authorities remain high, but the wide divergence between the Bank of Japan’s (BoJ) interest rates and those of the major central banks poses a heavy weight on the JPY. More so with Oil prices bouncing up and pressuring global central banks to tighten their borrowing costs.

Technical Analysis: RSI divergence hints at a potential correction

GBP/JPY trades at 217.60, with Elliott Wave analysis suggesting that the pair might be on the fifth and last wave of a bullish cycle. The Pound has pulled back from the 127.2% Fibonacci extension of the fourth wave, at 218.00, and the bearish divergence in the four-hour Relative Strength Index suggests that some consolidation or a corrective reversal might follow from here.

Bears, however, should break the July 7 lows, at 216.35, to confirm that the bullish cycle has completed. In that case, the early July trading floor, near 214.65, would emerge as the next target.

The broader bias, on the other hand, remains positive, and bulls might attempt a further rally, heading for the 261.8% Fibonacci extension of the mentioned rally, at 218.90. Furter appreciation seems off the cards right now.

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

Japanese Yen Price Today

The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.08% -0.00% -0.08% 0.05% -0.05% -0.59% -0.12%
EUR 0.08% 0.08% 0.00% 0.12% 0.05% -0.49% -0.03%
GBP 0.00% -0.08% -0.09% 0.05% -0.03% -0.56% -0.11%
JPY 0.08% 0.00% 0.09% 0.11% 0.06% -0.51% -0.04%
CAD -0.05% -0.12% -0.05% -0.11% -0.07% -0.61% -0.15%
AUD 0.05% -0.05% 0.03% -0.06% 0.07% -0.53% -0.08%
NZD 0.59% 0.49% 0.56% 0.51% 0.61% 0.53% 0.46%
CHF 0.12% 0.03% 0.11% 0.04% 0.15% 0.08% -0.46%

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

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10 07, 2026

WTI Crude Oil Price Forecast: US-Iran Conflict Reignites, Will a New Round of Oil Price Rises Begin?

By |2026-07-10T07:57:10+03:00July 10, 2026|Forex News, News|0 Comments


TradingKey – As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the technical chart, due to the recent deterioration of the US-Iran situation and the resumption of fire between the two sides, oil prices were driven to rebound significantly for two consecutive trading days, with a cumulative rebound of nearly 11%. However, yesterday oil prices failed to stand firmly above the resistance level of $75, causing oil prices to enter an adjustment phase today.

From a fundamental perspective, the core factor dominating recent oil price trends remains the situation between the US and Iran.

The latest news indicates that the US has launched a new round of military strikes against Iran, targeting missiles, drones, radar, and naval-related facilities. This has significantly cooled market expectations for a ceasefire and negotiations between the US and Iran, while reigniting investor concerns over supply disruptions in the Middle East.

Trump’s latest remarks have further amplified bullish sentiment in the market. He stated that the ceasefire between the US and Iran has ended and remarked that dealing with Iran is a waste of time. This stance implies that the US government’s attitude toward Iran has shifted back to a hawkish stance, leaving the market concerned that it will be difficult for both sides to return to a stable negotiation framework in the short term.

Iran has also taken retaliatory action. According to reports, Iran launched attacks on US military bases in the Gulf region, targeting US facilities in places like Bahrain and Kuwait. This means the conflict is no longer confined to the Iranian mainland and single military targets, but has begun to spill over into the broader Gulf region. As the Gulf region concentrates major global crude oil export routes, any spread of military risk will directly impact tanker shipping, insurance costs, and export stability.

In the short term, as long as the US-Iran conflict does not de-escalate, WTI is likely to maintain high-level volatility and may even continue to challenge higher resistance levels. However, if both sides send signals of resuming negotiations, or if navigation through the Strait of Hormuz recovers faster than expected, the risk premium in oil prices could rapidly recede.

WTI crude oil daily chart, Source: TradingView

Looking at the daily chart of WTI crude oil, the oil price has successfully established a foothold above the $70 threshold during its strong rebound over the past two trading days. Previously, the oil price had been consistently suppressed below $70, and the overall market sentiment was weak. As the oil price broke through the two resistance levels of $70 and $73, long sentiment in the market was significantly amplified.

However, it is worth noting that although the oil price briefly broke through the $75 resistance level yesterday, reaching a high of $76.08, yesterday’s closing price remained below the $75 resistance level. The oil price exhibited a false breakout pattern, which in turn put downward pressure on the oil price today.

As things stand, the oil price faces a resistance level at $75 above. If it can break through and hold above this level, the upside space for the oil price will open up, with the next target testing the $80 mark. On the downside, it faces a support level at $73; if the oil price falls below this level, it may decline further toward the $70 mark.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.





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10 07, 2026

Pound Sterling to Dollar Forecast: GBP Retreats as Risk Appetite Weakens

By |2026-07-10T04:08:05+03:00July 10, 2026|Forex News, News|0 Comments


– Written by

The Pound to Dollar exchange rate (GBP/USD) slipped back from 20-day highs near 1.3400 as renewed Middle East tensions encouraged investors to rotate back into the US Dollar.

Despite the pullback, Sterling remained relatively resilient, with markets continuing to favour the Pound on improving UK sentiment while awaiting fresh clues on the Federal Reserve’s policy outlook.

GBP/USD Forecasts: Retreat from 20-Day Highs

After hitting 20-day highs at 1.3400 on Tuesday, the Pound to Dollar (GBP/USD) exchange rate has retreated to below 1.3350, although overall selling has remained limited.

The dollar gained support from a slide in risk appetite amid fresh fears surrounding Middle East developments while equities moved lower which curbed potential Pound support.

Jane Foley, head of FX strategy at Rabobank commented; “The USD has reacted, but the market has learnt to take Trump’s comments with a pinch of salt. The remarks may be meant to bring the opposition to the table. Nevertheless, they will raise anxiety levels another notch.”

Immediate support comes in just above 1.3300. According to UoB; “Upward momentum has slowed with the pullback, and a breach of 1.3315 would indicate that the advance in GBP has come to an end.

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Scotiabank is still relatively positive on the Pound outlook; “The recovery in UK-US spreads is offering fundamental support to the GBP, and compounding the sentiment-related strength observed in response to the market’s favourable assessment of the current UK leadership transition.

It added; “The recovery looks to have stalled around 1.34, with clear resistance offered by both the 50 and 200 day MA’s. We remain bullish however, and look to an extension of the GBP’s gains toward 1.36.”

Minutes from June’s Federal Reserve meeting will be released on Wednesday.

According to ING; “Based on post-meeting communication, we see limited risk of a dovish surprise in the minutes. We expect a cementing of the hawkish message to firm up dollar momentum.”

It added; “although we don’t expect it to lead to a break higher as markets may be reluctant to reprice rate expectations aggressively higher after the soft jobs report.”

Danske Bank is still backing Fed rate hikes; “Our base case is still that the Fed will remain on hold in July, but hike twice later, in December and March respectively.”

MUFG is less positive on the dollar outlook; “The CPI data next week will be key for the July FOMC. But the prospects look good to us that next week should convey signs of the start of disinflation.”

It added; “Leveraged Funds have turned very long dollars very quickly with the flow of data not particularly compelling in backing that up while Warsh’s tag as a hawk is also not well backed up. Sentiment and positioning could well turn quickly if next week’s CPI data is softer and Fed Chair Warsh fails to live up to his hawkish tag at his first semi-annual testimony.”

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TAGS: Pound Dollar Forecasts

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10 07, 2026

Platinum price keeps the bearish track– Forecast today – 9-7-2026

By |2026-07-10T03:55:48+03:00July 10, 2026|Forex News, News|0 Comments


Platinum price formed some bearish waves, to settle below $1605.00 level, attempting to settle again within the minor bearish channel’s levels, to confirm the continuation of the previously suggested bearish scenario, recording initial negative target at $1570.00.

 

Providing negative momentum by the main indicators will increase the chances of attacking $1530.00 barrier, and surpassing it will open the way for reaching extra stations that are represented by $1510.00 reaching $1445.00

 

The expected trading range for today is between $1510.00 and $1630.00

 

Trend forecast: Bearish





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10 07, 2026

USD/JPY Forecast: Dollar Struggles Below Key 162.40 Resistance Level

By |2026-07-10T00:06:40+03:00July 10, 2026|Forex News, News|0 Comments




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9 07, 2026

Today’s Platinum Price in Amravati – Live Platinum Rate per Gram & Kg

By |2026-07-09T23:54:17+03:00July 9, 2026|Forex News, News|0 Comments


Platinum price updates for Amravati show the current rates as ₹48,770 (10g),
₹4,87,700 (100g), and ₹48,77,000 (1kg). Over July, prices changed
frequently. The 100g rate peaked at ₹5,07,100 and dropped to
₹4,66,700. For 1kg, it fluctuated between
₹46,67,000 and ₹50,71,000.

The cost of platinum is influenced by mining output, global market demand, and
geopolitical stability. Industrial reliance—mainly in cars and electronics—drives
additional volatility. Shifts in currency, especially the US dollar, as well as
macroeconomic indicators like inflation and interest rate policies, strongly shape its
pricing.



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9 07, 2026

Rabobank Euro To Dollar Forecast: EUR/USD Recovery To Emerge Over 3–6 Months

By |2026-07-09T20:04:54+03:00July 9, 2026|Forex News, News|0 Comments

The Euro to Dollar (EUR/USD) exchange rate has steadied near 1.1425 after recovering from June’s lows, although Rabobank believes the single currency has lost much of the momentum that drove its rally earlier this year.

The bank expects EUR/USD to trade broadly sideways over the next one to three months before regaining a modest upward bias later in the year.

Rabobank argues that optimism surrounding Germany’s decision to loosen its debt brake has faded as investors refocus on weaker Eurozone growth, higher energy costs and lingering competitiveness challenges.

According to the bank, last year’s fiscal shift in Germany “was no panacea”, with structural reforms still needed to tackle sluggish productivity and weak long-term growth.

Rabobank also notes that markets are already fully priced for another European Central Bank rate increase this year, limiting the Euro’s ability to gain further support from monetary policy.

While the US Dollar continues to benefit from a resilient economy, the bank believes expectations for additional Federal Reserve tightening have become excessive and should gradually unwind.

Even so, Rabobank expects investors to remain reluctant to rebuild large long Euro positions in the coming months after the currency’s strong performance over the past year.

The bank believes investors will remain cautious in the near term. According to Rabobank, “the market is likely to be reluctant to rebuild large, long positions in the EUR in the months ahead.”

However, it also argues that expectations for further Federal Reserve tightening have become excessive. As the bank puts it, “we expect sideways trading in EUR/USD on a 3-month view and a modest upward bias to emerge in the currency pair on a 3-to-6-month view.”

foreign exchange rates

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9 07, 2026

Silver Price Forecast: XAG/USD jumps to near $59 as US Dollar declines

By |2026-07-09T19:52:50+03:00July 9, 2026|Forex News, News|0 Comments


Silver price (XAG/USD) is up over 1% to near $59.00 during the European trading session on Thursday. The white metal gains as the US Dollar (USD) faces selling pressure despite multiple tailwinds.

At press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.25% lower to near 100.80.

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 New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.24% -0.28% -0.18% -0.10% -0.18% -0.58% -0.33%
EUR 0.24% -0.04% 0.04% 0.13% 0.09% -0.31% -0.09%
GBP 0.28% 0.04% 0.07% 0.17% 0.12% -0.27% -0.04%
JPY 0.18% -0.04% -0.07% 0.07% 0.05% -0.38% -0.13%
CAD 0.10% -0.13% -0.17% -0.07% -0.04% -0.44% -0.21%
AUD 0.18% -0.09% -0.12% -0.05% 0.04% -0.39% -0.17%
NZD 0.58% 0.31% 0.27% 0.38% 0.44% 0.39% 0.23%
CHF 0.33% 0.09% 0.04% 0.13% 0.21% 0.17% -0.23%

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).

Technically, a lower US Dollar makes the Silver price a favorable risk-reward bet for investors.

The US Dollar struggles to get support despite renewed high United States (US) inflation concerns amid the restart of the war in the Middle East.

Rising oil prices due to the exchange of attacks between the US and Iran, and strikes on Iranian infrastructure have refreshed global upside inflation risks.

In the FOMC minutes of the June policy meeting, released on Wednesday, the bottom line was that policymakers see inflation as dominant risk and favored monetary tightening moving ahead.

Going forward, the next major trigger for the US Dollar will be the US Consumer Price Index (CPI) data for June, which will be released on Tuesday.

Silver technical analysis

XAG/USD trades higher at around $59; however, it retains a bearish near-term bias as spot holds beneath the 20-day exponential moving average (EMA) at $62.38. The downside tilt is reinforced by the Relative Strength Index (14) hovering around 37, which stays below the neutral 50 line but above oversold territory, suggesting persistent selling pressure without capitulation.

On the topside, initial resistance is the round-level of $60.00, followed by the 20-day EMA at $62.38. Looking down, the Silver price could enter a fresh downside leg if it declines below the June 24 low at $55.63.

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

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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