
Morning briefing: EUR/USD can attempt to test 1.1600
Morning briefing: EUR/USD can attempt to test 1.1600
En güncel finans ve ekonomi haberlerini, piyasa gelişmelerini, raporları ve analizleri PipVero’da takip edin.

Morning briefing: EUR/USD can attempt to test 1.1600

TL;DR: Gold's rebound has technical and macro confirmation behind it, but whether it extends toward 4,500 depends on three interlinked markets — Brent crude, US Treasury yields, and Fed rate expectations — all still hinging on whether Strait of Hormuz negotiations produce a durable breakthrough.

$4,350 and US NFP in focus: Gold bulls tighten grip on Hormuz reopening hopes

Silver Price Forecast: XAG/USD rises above $62.00 on easing inflation concerns

The 4-hour chart of XAU/USD indicates that the price surpassed a major contracting triangle with resistance at $4,090. There was a close above $4,150, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours).

EUR/USD Price Forecast: Looks set to extend advance beyond 1.1600

PBOC sets USD/CNY reference rate at 6.7895 vs. 6.7889 previous

EUR/USD has broken higher after spending much of this year trapped beneath downtrend resistance. Whether it sinks or swims will likely be determined by the incoming flow of US economic data and developments in the Gulf.

Gold rises above $4,250 on US–Iran deal hopes

Gold breaks above multiple resistance levels, signaling a potential trend reversal as bullish momentum strengthens and upside targets emerge toward $4,493.

Merely for a point of reference, it's uncomfortable how much of the crowd seems to remain bullish in USD/JPY. This is anecdotal, of course, and observational so somewhat subjective, but putting all the pieces together seem to make the risk-reward potential in USD/JPY look askew to the upside.

Silver Price Forecast: XAG/USD skyrockets above $60, tests 50-day SMA

British Pound: Range trade holds ahead of Q2 GDP against US Dollar – Scotiabank

Falling Treasury yields and weaker dollar provided additional support to gold markets.

Gold rallies as Iran-US deal seems closer ahead of NFP