Crude oil prices have stabilized above key support levels following the volatility from June's Israel-Iran tensions. After the market eliminated geopolitical risk premiums, trading focus shifted to global economic growth prospects. Current price action shows WTI crude consolidating in a narrow range, with technical indicators suggesting continued support above critical levels. Market participants are increasingly optimistic about demand recovery, driven by expansionary fiscal and monetary policies worldwide. The combination of accommodative central bank stances and government stimulus measures is expected to boost energy consumption. Technical analysis reveals strong support at current levels, with resistance tested multiple times without a decisive break. Near-term price action will likely depend on economic data releases confirming growth momentum and any shifts in OPEC+ production policies.
Sentiment:
Positive
Source: Finnhub
USD/JPY advances 0.2% to 148.75 as dollar bulls attempt to push toward the psychological 149.00 level, though momentum appears capped by looming US tariff deadlines. Technical indicators suggest bullish momentum with the pair trading above its 50-day moving average at 148.40, while RSI readings near 58 indicate room for further gains. However, traders remain cautious ahead of potential US trade policy announcements that could trigger risk-off sentiment and yen safe-haven flows. Immediate resistance stands at 149.00, with a break potentially opening moves toward 149.50. Support levels are established at 148.40 and 148.00. Market positioning suggests bulls maintain control, but any negative trade headlines could quickly reverse gains given the yen's haven status.
USDJPY
Sentiment:
Positive
Source: Marketaux
USD/CAD recovered 0.3% to 1.4320 following Monday's sharp 0.8% decline, as the dollar found footing amid reduced immediate tariff concerns. The pair's Monday selloff reflected broad dollar weakness and uncertainty over US-Canada trade relations, with markets pricing in potential economic disruptions. Today's rebound suggests traders are taking a more measured approach while awaiting concrete trade policy announcements. Oil prices remain stable near $81/barrel, providing neutral influence on the commodity-linked loonie. Technical analysis shows USD/CAD bouncing from support at 1.4280, with resistance now at 1.4350. The pair's near-term trajectory depends heavily on US trade policy clarity and oil market dynamics. Canadian GDP data later this week could provide additional directional catalyst for the loonie.
USDCAD
Sentiment:
Neutral
Source: Marketaux
EUR/USD advanced 0.4% to 1.0420 as mounting global risks prompted a retreat from the US dollar despite relatively weak eurozone fundamentals. The euro's gains reflect broader risk-off sentiment rather than euro-specific strength, with traders reducing dollar exposure amid geopolitical uncertainties and trade policy concerns. European equities fell 0.6%, highlighting the defensive market mood that paradoxically supported the euro against the greenback. Technical indicators show EUR/USD breaking above the 1.0400 psychological level, with next resistance at 1.0450. Support has formed at 1.0380, coinciding with the 20-day moving average. The pair's upward momentum could extend if risk aversion intensifies, though any positive US economic surprises or trade clarity might quickly reverse euro gains given underlying eurozone economic challenges.
EURUSD
Sentiment:
Neutral
Source: Marketaux
The US Dollar Index has gained momentum as traders reassess the potential impact of tariff policies on currency markets. EUR/USD faced selling pressure while GBP/USD retreated from recent highs, reflecting broad dollar strength. USD/JPY showed mixed signals despite the overall dollar bid. Market participants are increasingly factoring in the possibility of more aggressive trade measures, which could boost the greenback through safe-haven flows and potential inflationary pressures. The shift in sentiment comes as investors recalibrate expectations for Federal Reserve policy, considering how tariffs might influence inflation dynamics and growth prospects. Technical indicators suggest the dollar index is approaching key resistance levels, with a break above potentially triggering further gains. Currency pairs involving the dollar are showing increased volatility as traders position for various tariff scenarios and their economic implications.
EURUSD
GBPUSD
USDJPY
Sentiment:
Positive
Source: Marketaux
USD/JPY has triggered a bearish reversal after failing to break above the crucial 149.60 resistance level, currently trading 0.4% lower at 148.85. The pair's inability to sustain momentum above this key technical barrier has prompted selling pressure from algorithmic traders and technical-focused participants. The 149.60 level has proven to be a formidable resistance zone, tested multiple times over recent sessions without success. Chart patterns suggest a potential double-top formation, with the neckline support at 148.20. A break below this level could accelerate declines toward 147.50, the 50-day moving average. Japanese yen strength is also supported by safe-haven flows amid global market uncertainties. Technical indicators including RSI and MACD are showing bearish divergence, reinforcing the negative outlook for the pair in the near term.
USDJPY
Sentiment:
Negative
Source: Marketaux
USD/JPY remains under pressure near 156.20 following reports of stalled trade negotiations between Japan and the United States. Japan's trade negotiator confirmed a 2-hour meeting with US Commerce Secretary Lutnick in Washington yielded no concrete agreements on tariff issues, with both sides still seeking common ground. The lack of progress raises concerns about potential trade tensions that could strengthen the yen as a safe-haven asset. Markets are closely monitoring any signs of escalating trade disputes, which historically have led to yen appreciation during risk-off periods. Technical indicators show USD/JPY testing support at 156.00, with a break below potentially opening the path to 155.50. Resistance sits at 156.80, the previous week's high. Traders should watch for any breakthrough in negotiations or signs of deteriorating trade relations, which could trigger significant volatility in the pair.
USDJPY
Sentiment:
Negative
Source: Finnhub
The US Dollar Index dropped 0.6% to start the week as markets reassess Federal Reserve rate cut prospects amid shifting safe-haven preferences. USD/JPY fell sharply by 0.8% to 148.70, while gold surged 1.2% to $2,435 per ounce, highlighting the rotation away from dollar assets. Growing doubts about the Fed's hawkish stance have emerged following softer economic indicators, with markets now pricing in a 65% probability of a rate cut by September. The Japanese yen and gold are benefiting from increased safe-haven demand as geopolitical tensions and growth concerns resurface. Technical analysis shows the Dollar Index breaking below its 20-day moving average at 104.50, with next support at 104.00. The bearish shift in dollar sentiment could accelerate if upcoming economic data disappoints, particularly this week's consumer confidence and GDP figures.
USDJPY
Sentiment:
Very Negative
Source: Marketaux
AUD/USD traded in a tight range around 0.6650, showing minimal movement as markets digested cautious RBA meeting minutes. The Australian dollar faced mild pressure after the Reserve Bank of Australia's minutes revealed a more prudent approach to potential rate cuts, maintaining concerns about persistent inflation risks. Asian equity markets traded softer, with risk sentiment dampened by mixed regional data including China's 2.4% decline in Q2 smartphone shipments, signaling potential consumption weakness. The Japanese yen remained stable despite Finance Minister ruling out sales tax cuts following recent election setbacks. Major currency pairs exhibited range-bound behavior with low volatility as traders await key economic releases later this week. Technical indicators suggest AUD/USD faces resistance at 0.6680 while support holds at 0.6620. The cautious RBA stance may limit Australian dollar upside in the near term, particularly if global risk sentiment deteriorates further.
AUDUSD
USDJPY
Sentiment:
Neutral
Source: Finnhub
AUD/USD has recovered from an early Asian session dip, finding solid support at the 0.6495 swing level before climbing back above the 100-hour moving average. The pair initially showed weakness with a modest downward drift but quickly attracted buyers at the key technical level that has alternated between support and resistance in recent trading sessions. The bounce from 0.6495 demonstrates the zone's continued technical relevance, providing a floor for the current price action. However, bulls are struggling to extend gains beyond the 100-hour MA, suggesting overhead resistance is capping upward momentum. The inability to sustain a break higher indicates a potential consolidation phase between 0.6495 support and resistance near the moving average. Traders should monitor whether the pair can maintain its position above the 100-hour MA for continuation signals, while a break below 0.6495 could accelerate downside pressure toward lower support levels.
AUDUSD
Sentiment:
Neutral
Source: Finnhub
European government bond yields experienced a sharp decline on Monday, with German 10-year yields falling 6.3 basis points to 2.615% and Spanish yields dropping 16.9 basis points to 3.217%. This broad-based yield compression has supported EUR/USD, which gained 0.2% to trade near 1.0880. The move comes ahead of Thursday's ECB policy meeting where officials are expected to maintain current rates after implementing eight consecutive cuts. Markets are pricing in cautious ECB positioning amid ongoing EU-US tariff negotiations and persistently low inflation readings below the 2% target. France and Italy also saw significant yield declines of 9.0 and 8.0 basis points respectively. Technical indicators suggest EUR/USD faces resistance at 1.0900, with support established at 1.0850. Traders await Thursday's eurozone flash PMI data alongside the ECB decision for further directional catalysts.
EURUSD
Sentiment:
Positive
Source: Finnhub
The US dollar continued its downward trajectory Monday as Treasury yields declined sharply, with the 10-year yield falling 7.3 basis points to 4.357% and the 30-year dropping 8.1 basis points to 4.918% from last week's high of 5.07%. The yield decline has pressured the dollar across major pairs, with EUR/USD capitalizing on the weakness by breaking above its 200-hour moving average at 1.16567 and extending gains. The move represents a significant technical development as the pair establishes momentum above this key resistance level. The sharp reversal in yields suggests markets are reassessing Federal Reserve rate expectations, potentially pricing in a less hawkish stance. For traders, the break above the 200-hour MA opens the door for further EUR/USD appreciation toward 1.1700, while failure to maintain above this level could see consolidation around 1.1650.
EURUSD
Sentiment:
Negative
Source: Finnhub
The US Dollar Index declined 0.4% to 103.20 as mixed economic signals clouded the Federal Reserve's policy outlook, while escalating trade tensions drove flows into safe-haven assets. Recent US data showed conflicting signals with robust consumer spending offset by weakening manufacturing indicators, leaving markets uncertain about the Fed's next move. Global trade concerns intensified as the US administration threatened new tariffs on major trading partners, prompting a flight to traditional safe havens. JPY and CHF both gained against the greenback, with USD/JPY falling 0.6% to 154.80 and USD/CHF dropping 0.5% to 0.8920. Gold prices surged 1.2% to $2,385 per ounce amid the risk-off sentiment. The dollar's weakness was broad-based, with EUR/USD advancing to 1.0880 and GBP/USD climbing to 1.2750. Markets now await this week's Fed speakers and US retail sales data for clarity on monetary policy direction.
EURUSD
GBPUSD
USDJPY
USDCHF
Sentiment:
Negative
Source: Marketaux
Global equity markets showed muted performance with the Nasdaq 100 trading flat at 19,250 as investors positioned cautiously ahead of major technology earnings releases. The subdued risk appetite has supported safe-haven currencies, with USD/JPY declining 0.3% to 155.20 and EUR/USD holding steady near 1.0875. Market participants remain focused on potential trade tariff implementations that could disrupt global supply chains and corporate earnings. The FTSE 100 underperformed, falling 0.5% to 8,420, while European indices showed similar weakness. Currency volatility remained elevated with implied volatility on major pairs rising 8% week-over-week. Technical analysis shows USD/JPY approaching key support at 155.00, while resistance sits at 156.00. The cautious sentiment ahead of tech earnings has limited dollar gains despite relatively hawkish Fed expectations, keeping major forex pairs range-bound.
USDJPY
EURUSD
Sentiment:
Neutral
Source: Marketaux
USD/JPY declined 0.4% to 155.30 on Monday, approaching critical support at 155.00 as risk-off sentiment dominated currency markets. The pair's weakness coincided with a 2.1% drop in WTI crude oil prices to $78.50 per barrel, reflecting concerns about global demand amid trade tensions. Technical indicators suggest USD/JPY faces immediate support at the psychological 155.00 level, with a break below potentially accelerating losses toward 154.50. The Dollar Index fell 0.3% to 103.45, undermining the greenback's appeal despite relatively hawkish Fed positioning. Japanese yen strength was broad-based, with EUR/JPY and GBP/JPY also declining 0.3% and 0.5% respectively. Oil's weakness stemmed from worries about Chinese demand and potential trade disruptions. Traders are monitoring the 155.00 level closely, as a decisive break could signal further yen appreciation against major currencies.
USDJPY
EURJPY
GBPJPY
Sentiment:
Negative
Source: Marketaux
The Japanese yen posted significant gains during Monday's European trading session, emerging as the session's standout performer amid shifting market dynamics. While specific price levels weren't detailed, the yen's strength coincided with continued momentum in cryptocurrency markets, suggesting a complex interplay between traditional forex and digital assets. The rally in crypto markets may be drawing speculative capital away from traditional carry trades, benefiting the historically low-yielding yen. Additionally, the yen's safe-haven appeal could be attracting flows amid broader market uncertainties. The combination of crypto market exuberance and yen strength presents an unusual dynamic, potentially signaling rotation in risk appetite across asset classes. Traders should monitor USD/JPY and cross-yen pairs for potential reversals, particularly if crypto markets experience profit-taking that could redirect flows back to traditional currency markets.
USDJPY
Sentiment:
Positive
Source: Marketaux
Market pricing indicates varying rate cut expectations across major central banks through year-end 2025. The Reserve Bank of Australia leads with 65 basis points of expected cuts, followed by the Bank of England at 50 bps and the Federal Reserve at 47 bps. The European Central Bank shows more modest easing expectations at 25 bps, while the Bank of Canada anticipates just 17 bps of cuts. Notably, the Bank of Japan remains the outlier with 15 bps of expected rate hikes, maintaining its policy divergence. Last week's inflation and employment data caused temporary volatility but ultimately left rate expectations unchanged. These divergent monetary policy paths suggest continued strength for JPY crosses, potential weakness in AUD pairs, and mixed outlooks for USD pairs depending on relative rate differentials. Traders should monitor upcoming central bank communications and economic data releases that could shift these expectations.
USDJPY
EURUSD
GBPUSD
USDCAD
AUDUSD
NZDUSD
USDCHF
Sentiment:
Neutral
Source: Finnhub
USD/JPY experienced a sharp rally Monday following news that Japan's governing coalition lost its majority in the Upper House elections, creating significant political uncertainty in the world's third-largest economy. The political development raises questions about the stability of current economic policies and the Bank of Japan's ability to maintain its ultra-accommodative monetary stance. Markets are interpreting the election outcome as potentially limiting the government's capacity to implement fiscal reforms or support the BOJ's gradual policy normalization efforts. The political instability adds another layer of complexity to Japan's economic challenges, including persistent low inflation and demographic pressures. For forex traders, the election results suggest increased volatility in yen pairs, with USD/JPY likely to test higher resistance levels as political uncertainty weighs on the yen. Near-term resistance may emerge around recent highs, while support could develop at pre-election levels.
USDJPY
EURUSD
GBPUSD
AUDUSD
Sentiment:
Very Negative
Source: Marketaux
Gold futures are trading within a tight intraday range of $3,351-$3,378, showing minimal movement as the precious metal consolidates following a remarkable 37% surge over the past twelve months. Current price action remains unchanged from levels seen one week, one month, and three months ago, indicating a clear sideways consolidation phase despite the broader bullish trend. The 50-week high at $3,509.9 remains well above current levels, suggesting potential upside room. This consolidation pattern typically emerges after extended rallies, as traders await fresh catalysts from economic data or central bank policies. Technical indicators point to strong support near $3,350, while resistance clusters around $3,380-$3,400. The pause in momentum could represent healthy price action before the next directional move, with traders closely monitoring dollar strength and inflation expectations as key drivers for gold's next phase.
XAUUSD
Sentiment:
Neutral
Source: Finnhub
USD/JPY trading remains cautious ahead of Japan's election results, which could significantly impact both Japanese government bonds and US Treasury markets. The potential for political shifts in Japan has increased uncertainty around the Bank of Japan's monetary policy trajectory, particularly as markets price in 15 basis points of rate hikes by year-end. A victory for opposition parties could accelerate BoJ policy normalization, strengthening the yen and potentially triggering Japanese investors to repatriate funds from US bonds. This would put upward pressure on US yields, creating a complex dynamic for USD/JPY. Current technical levels show the pair consolidating near recent ranges, with traders awaiting election outcomes before committing to directional positions. The interconnected nature of JGB and US Treasury markets means any significant political shift could create volatility across multiple asset classes, with implications extending beyond traditional forex movements.
USDJPY
Sentiment:
Negative
Source: Marketaux
