Date: 13.07.2026
Market Sentiment
Markets opened defensively after renewed US-Iran attacks and conflicting claims over the Strait of Hormuz lifted oil prices. The initial response supported the dollar and bond yields as traders considered renewed inflation pressure and tighter central-bank policy. The greenback later surrendered part of its advance, leaving currency pairs volatile. Asian equities weakened, while European stocks opened lower. Today’s dominant drivers are Middle East escalation, energy-price volatility, and positioning before Tuesday’s US CPI report and Federal Reserve Chair Kevin Warsh’s testimony.
Previous Session Recap
Friday brought modest Wall Street gains, softer oil and a stronger yen, while the dollar remained broadly stable.
Top Overnight Global Forex Headlines
| Headline | Impact |
|---|---|
| US-Iran strikes intensified | Oil rose |
| Hormuz concerns returned | Inflation risk increased |
| Asian tech shares fell | Risk appetite weakened |
Forex Focus of the Day
Oil-led inflation expectations may drive the dollar, yields and risk-sensitive currencies.
Key Economic Events
| Time | Event |
|---|---|
| 12:30 ET | Fed Waller speaks |
| 14:00 ET | US federal budget |
| 19:00 BST | BoE Pill speaks |
Major Forex Currency Outlooks
| Instrument | Spot | Bias |
|---|---|---|
| EUR/USD | 1.1430 | Volatile |
| GBP/USD | 1.3390 | Cautious |
| USD/JPY | 162.10 | Firm |
| AUD/USD | 0.6940 | Soft |
Commodities Watch
| Instrument | Spot | Bias |
|---|---|---|
| Gold | $4,082 | Pressured |
| Silver | $59.10 | Soft |
| Brent | $77.50 | Elevated |
Key Forex Technical Zones
| Instrument | Support | Resistance |
|---|---|---|
| EUR/USD | 1.1400 / 1.1385 | 1.1445 / 1.1470 |
| GBP/USD | 1.3365 | 1.3410 |
| USD/JPY | 161.70 | 162.35 |
| AUD/USD | 0.6925 | 0.6950 |
| Gold | $4,050 | $4,110 |
| Silver | $58.10 | $59.80 |
| Brent | $77.30 | $79.80 |
Trader’s Takeaway
Expect headline-sensitive trading. Oil and yields should lead direction, while positioning may turn cautious before Tuesday’s US inflation data.
About LMFX
LMFX is a trusted global brokerage providing access to Forex, commodities, indices, and precious metals. Known for its fast execution and competitive spreads, LMFX offers the MT4 trading platform, flexible account types, and a variety of funding options. With dedicated customer support and a focus on transparency and reliability, LMFX serves traders at all experience levels worldwide.
Disclaimer
This content is for informational and educational purposes only and does not constitute financial advice or investment recommendation. Trading leveraged products such as Forex and CFDs involves risk and may not be suitable for all traders. Past performance does not guarantee future results. Seek independent advice if necessary. Please read LMFX’s full ‘Risk Disclosure Statement’. Always trade responsibly.
