EUR/USDWeek of 13–18 July 2026
Euro holds near 1.14 as ECB and Fed stay on diverging paths
EUR/USD has been trading around the 1.14 handle, finding support near 1.1380 inside a broader bear-flag pattern. The pair remains caught between a Fed that isn't ready to declare victory on inflation and an ECB that markets expect to hold through July, with the next hike priced in for September. Softer-than-expected US producer and consumer price data briefly weakened the dollar, but rising oil prices are keeping the Fed cautious about easing too soon.
Source: FX Leaders →
GBP/USDWeek of 17–18 July 2026
Pound steadies as traders eye the Bank of England's 30 July decision
Cable opened the second half of July near 1.336, above June's lows but below its 2026 average. The Bank of England held rates at 3.75% on 18 June in a split 7–2 vote, with services inflation still running at 3.7%. Sticky UK inflation and a cautious BoE are offering some support to sterling, but softer growth, labour and services data are capping the upside ahead of the Fed's own 29–30 July decision — a pairing traders widely see as the likely trigger for a break out of the current range.
Source: Vantage Markets →
Gold / XAUJuly 2026
Gold cools to around $4,140 as rate-cut bets fade and the dollar firms
Gold has pulled back roughly 26% from January's peak near $5,598, trading close to $4,140 as markets price around 58% odds of a September Fed move and outflows from gold ETFs pick up. The metal is being pulled in two directions: geopolitical tension in the Middle East is keeping some safe-haven demand alive, while a firmer dollar and hawkish Fed commentary are working against it. Most analyst ranges for July cluster between roughly $3,900 and $4,500.
Source: Mitrade →