FXStreet - The Forex Market

EUR/USD drops toward 1.1350 post ECB decision

EUR/USD remains under heavy bearish pressure in the second half of the day on Thursday and trades at its lowest level in three weeks below 1.1370. The ECB's cautious tone on policy tightening in the near future and the broad-based US Dollar (USD) strength on risk-aversion drag the pair lower.

Gold trims gains, dips to $4,050

Gold keeps retreating on Thursday, trading well below $4,100 early in the American session. US crude oil prices climb to a fresh six-week high above $90 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Fed interest rate hike expectations. Hawkish Fed bets weigh negatively on the yieldless bullion.

GBP/USD dips below 1.3350 as USD demand surges

GBP/USD extends its intraday slide and closes in on 1.3300 in the American session on Thursday. The pair remains under heavy bearish pressure as the US Dollar (USD) benefits from the risk-averse market atmosphere amid escalating geopolitical tensions in the Middle East.

WTI surpasses $90 on widening Mideast conflict

West Texas Intermediate (WTI) trades near the $90 mark in American trading hours on Thursday. WTI sits at its highest level in six weeks amid rising tensions in the Middle East, with major disruption likely as two of the world’s key oil supply routes - the Strait of Hormuz and the Red Sea - face an Iran-linked blockade.

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DEEPER DIVE

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.

2.50%: Why the Kiwi's first hike in three years is a wager on a number nobody can see

The RBNZ raised the Official Cash Rate (OCR) by 25 basis points to 2.50% at 02:00 GMT on Wednesday, its first hike in three years and the moment the bank that cut deeper than any G10 peer last cycle turned to face the other way.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Fed to the ECB and the BoE, policymakers are pushing back against forward guidance, arguing that the current world demands more flexibility.

CRYPTOCURRENCIES

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.

Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.

STOCKS

FTSE Elliott Wave outlook: Bullish bias with 5‑swing progression since March 2026

The short‑term Elliott Wave outlook for FTSE highlights a sustained bullish progression since the March 23, 2026 low. From that base, the Index has carved a clear five‑swing advance, which is classified as a motive sequence and supports the expectation of further upside. The initial rally produced wave ((i)) at 10,687.88, followed by a corrective pullback in wave ((ii)) that concluded at 10,132.

Nasdaq 100 rebound looks strong… or is it just a trap?

The Nasdaq 100 spent the past few sessions recovering strongly from its November lows, rebounding from 24,307 and climbing back into the 25,100–25,150 mid-range zone. While the candles look convincing, the broader picture reveals a different story: the index remains trapped inside a 4H range structure.

WEEKLY FORECAST

EUR/USD: ECB decision unlikely to rescue the Euro

The EUR/USD pair has shown little progress over the last few days, seesawing around the 1.1450 mark throughout the week to finish a handful of pips below the level. Mounting tensions in the Middle East pushed investors into cautious mode despite temporary relief from macro data.

British Pound slips for second straight day as Oil spike revives inflation fears

The Pound Sterling retreats during the North American session, down 0.22% against the Greenback, as geopolitical tensions remained high, triggering a jump in Oil prices and heightening fears of a reacceleration of inflation. The GBP/USD trades at 1.3449 after peaking near 1.3480.

Gold: Bearish pressure builds up as Middle East tensions offset USD weakness

Gold (XAU/USD) struggled to benefit from the broad-based selling pressure surrounding the US Dollar (USD) as tensions in the Middle East escalated further. The preliminary July Purchasing Managers’ Index (PMI) from the United States (US) will be the only data release that has the potential to trigger a market reaction next week.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.

Forecasting the coming week: ECB decision, UK inflation, and global PMIs to drive markets

The upcoming week will be dominated by the European Central Bank’s (ECB) interest rate decision, United Kingdom (UK) inflation and labor market figures, and preliminary global Purchasing Managers Index (PMI) data. Australian employment, New Zealand inflation and Canadian CPI figures will also attract attention.

Week ahead – Could technology earnings revive equities as geopolitical risks linger?

Oil prices rise, but the dollar posts losses as Middle East tensions persist. US earnings, the ECB and UK newsflow dominate next week’s agenda. US equity markets face a pivotal test as focus shifts to technology earnings.

EDUCATION

Something has gone completely wrong in enterprise AI

There is a moment in every boom when the music is still playing, the lights are still flashing, and someone finally notices that the bar tab has been left on the table. That is roughly where enterprise AI feels today.

The psychology of Gold buying during periods of market uncertainty

Historically, gold is considered a reliable investment avenue, especially in times of market uncertainty. Modern economies are based on fiat currency, where the value is determined by government decree and public trust.

PRESS RELEASES

Financial Commission Launches the First Self-Regulatory Framework for Prop Firms

New voluntary certification framework independently verifies that proprietary trading firms operate with transparent rules, fair enforcement and clear payouts — and adds independent dispute resolution that protects genuine traders while shielding firms from abusive behavior that threatens market int

STARTRADER launches SKHY as SK Hynix makes US market debut

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