Throughout the previous week (23–27 June), international investor sentiment remained upbeat, fuelled by expectations of an imminent Fed fee reduce and a de-escalation of geopolitical tensions. The EUR/USD pair climbed to 1.1718. Gold dropped by roughly 2.3%, ending the week close to $3,274 per ounce as demand for safe-haven belongings declined following reviews of calm within the Center East and enhancing international commerce sentiment. Bitcoin returned to the $107,000–107,400 vary, supported by the expiry of enormous choices contracts and rising institutional curiosity.
💶 EUR/USD
The EUR/USD pair continues to commerce with a bullish bias, staying above the 1.1700 degree amid a weakening greenback and expectations of a Fed fee reduce. From a technical perspective, resistance is seen within the 1.1745–1.1800 space; a breakout above this vary may pave the way in which in the direction of 1.1850–1.1900. Quick help is at 1.1680, with a break under doubtlessly resulting in a decline in the direction of 1.1600–1.1585, and additional to 1.1430–1.1460. This week’s key market drivers embody US Core PCE inflation information and employment statistics.
₿ BTC/USD
Bitcoin stays steady across the $107,000 mark, closing the week at $107,187. Its consolidation adopted the expiry of choices contracts value roughly $40 billion. Nonetheless, implied volatility might rise in response to US macroeconomic information. Demand from each institutional and retail traders continues to offer help round $105,500–106,000. A breakout above $110,000 may set off a rally in the direction of the Could excessive of $111,915. On the draw back, a drop under $105,000—significantly amid deteriorating macroeconomic circumstances—may push the worth all the way down to the $98,000–100,000 zone.
🛢️ Brent
Brent crude oil costs declined to $66.30 per barrel on Friday, 27 June. On 23 June, costs had spiked to the $78 space following US and Israeli airstrikes on Iranian services. Nonetheless, the following easing of Center East tensions and indicators of a possible OPEC+ manufacturing improve in August triggered a pullback. Brent posted its steepest weekly drop since March 2023—practically 12%. A slight decline in buying and selling quantity and open curiosity was additionally noticed.
Technically, Brent stays above its 50-day shifting common however is testing a key help zone at $66.30–66.50. If this degree holds, a rebound to $69–70 is feasible. If damaged, an additional decline to $64—and doubtlessly to $62—can’t be dominated out. Draw back dangers are linked to OPEC+ choices and contemporary geopolitical developments.
🥇 XAU/USD
Gold ended the week beneath strain at round $3,274 per ounce, falling under its 50-day shifting common. Weekly losses of roughly 2.3% mirror decreased curiosity in safe-haven belongings. The steel is now buying and selling in a corrective construction, with key help at $3,250–3,300. A possible rebound may raise costs to the $3,330–3,350 vary, whereas a break under might ship gold all the way down to $3,200 and $3,165. The first sources of volatility this week stay US inflation information and Fed commentary.
😊 Conclusion
Within the last days of June and early July, markets are prone to stay inside established ranges, awaiting the discharge of key US financial information. EUR/USD is predicted to fluctuate between 1.1680–1.1745, gold inside $3,256–3,350, bitcoin between $105,000 and $110,000, and Brent crude oil round $66–69. Nonetheless, surprising inflation or employment figures from the US may result in breakouts and the emergence of recent market developments.
