Forex Focus — Jul 29, 2026, 09:00 UTC

Transcript

Crude Oil surged over 3.44% today, impacting global FX flows. This commodity spike fueled dollar strength. The DXY found support as US-Iran tensions escalated, noted in breaking news. EUR/USD trades at 1.1381, up a mere two pips. This narrow range reflects market uncertainty. The pair remains pressured by divergent central bank expectations. The Federal Reserve maintained its hawkish stance this week. Meanwhile, the ECB offered no new dovish signals. The Bank of Japan continues its ultra-loose policy, keeping USD/JPY firm at 163.83. We also observed Singapore's central bank tightening policy. While major pairs show limited movement, AUD/USD dipped 21 pips to 0.6975. We observe increased volatility in commodity-sensitive EM FX, a direct result of oil price shifts. For tomorrow, watch EUR/USD support at 1.1350 and resistance at 1.1400. USD/JPY finds support at 163.50 and resistance at 164.00. Stay sharp, stay informed, only on rawfin.tv.