Date: 09.07.2026
Market Sentiment
Risk appetite is cautious today as fresh U.S. strikes on Iran keep energy supply risk at the center of trading. Brent and WTI remain elevated, feeding inflation concerns and supporting a firmer dollar through higher Treasury yields. The yen remains vulnerable near multi-decade lows, while gold is supported by haven demand but capped by the hawkish rate backdrop. Traders are watching oil headlines, U.S. claims, housing data, and whether equity resilience can hold if energy-driven inflation fears intensify further today.
Previous Session Recap
U.S. markets were mixed, oil jumped, and the dollar stayed firm.
Top Overnight Global Forex Headlines
| Driver | Impact |
|---|---|
| U.S.–Iran strikes | Oil, USD supported |
| Higher yields | JPY pressured |
| Chip rebound | Nasdaq steadier |
Forex Focus of the Day
USD/JPY remains the main macro focus because yield support favors the dollar, while intervention risk limits aggressive chasing above 162.50.
Key Economic Events
| Time | Event |
|---|---|
| 08:30 ET | U.S. initial claims |
| 10:00 ET | U.S. existing home sales |
| 11:30 ET | Dallas Fed weekly index |
Major Forex Currency Outlooks
| Pair | Spot | Bias |
|---|---|---|
| EUR/USD | 1.1437 | Neutral above 1.1400 |
| USD/JPY | 162.37 | Bullish, intervention risk |
| GBP/USD | 1.3422 | Mild support |
| AUD/USD | 0.6934 | Firm if risk steadies |
Commodities Watch
| Asset | Spot | Bias |
|---|---|---|
| Gold | $4,107.60 | Supported above $4,080 |
| Brent | $77.80 | Event-driven |
| WTI | $73.28 | Volatile but supported |
Key Forex Technical Zones
| Instrument | Support | Resistance |
|---|---|---|
| EUR/USD | 1.1400 | 1.1480 |
| USD/JPY | 161.80 | 162.85 |
| GBP/USD | 1.3380 | 1.3450 |
| AUD/USD | 0.6900 | 0.6960 |
| Gold | $4,080 | $4,140 |
| Brent | $77.00 | $79.20 |
| WTI | $72.60 | $74.80 |
Trader’s Takeaway
Headline risk leads. Oil and USD/JPY stay reactive, while gold needs lower yields.
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