Open Account

The euro dropped to 1.1590 after briefly touching 1.1760, as the dollar strengthened following the U.S.–EU trade deal imposing a 15% tariff on European exports. Markets had largely priced in the agreement, and attention now shifts to the Fed decision. Resistance is at 1.1660, support at 1.1580.

Gold edged up to $3,310 but remained near a three-week low as easing trade tensions weighed on safe-haven demand. Traders await progress in U.S.–China talks and the Fed’s rate decision. Resistance stands at $3,320, support at $3,285.

Bitcoin held near $118,000 after retreating from $122,000 earlier this month. The yen hovered around 148.3 per dollar, its lowest in a week, as U.S. dollar strength and Trump’s tariff threats pressured the currency. BoJ is expected to hold rates steady, and PM Ishiba faces calls to resign. 

Brent crude rose to $70.10, driven by fresh supply concerns after Trump tightened Russia’s ceasefire deadline and new EU sanctions hit Moscow. The U.S.–EU trade deal also helped ease demand worries. Nasdaq hit a fresh high while the Dow slipped 0.14%, supported by trade optimism and ahead of tech earnings and the Fed decision. Markets are also watching U.S. jobs and inflation data.

Check out today's analysis for more insights.

Daily Market Analysis (29.07.2025) by ZitaPlus

Download