Forex Focus — Jul 19, 2026, 10:00 UTC

Transcript

Crude Oil surged over four percent today, impacting global FX. The Dollar Index shows a nuanced picture, largely driven by hawkish Fed rhetoric. Fed Governor Jefferson reaffirmed the 2% inflation target. He warned of policy shifts if inflation persists above target. This underpins dollar strength, even amidst mixed major currency moves. EUR/USD trades at 1.1435, down a single pip, or one basis point. The pair remains confined in a tight range. We see no unusual volatility in specific exotic pairs today. However, geopolitical events, like the "US Strike on Iran," could ignite swings. Monitor commodity-linked exotics for future volatility. Central bank watch focuses squarely on the Fed. Jefferson's comments confirm a data-dependent, hawkish bias. No new ECB or BOJ statements influenced markets. For tomorrow, EUR/USD faces immediate resistance at 1.1450. Strong support is found at 1.1400. USD/JPY sees key resistance at 162.50. Its primary support lies at 162.00. We maintain a vigilant eye on central bank rhetoric. Stay tuned to rawfin.tv for live market updates.