Forex Focus — Jul 29, 2026, 11:00 UTC

Transcript

Crude Oil surged by 4.84% today, hitting $83.1 per barrel. This significant jump, fueled by escalating US-Iran tensions, immediately bolstered the dollar. The DXY found renewed support above yesterday's close. Markets are pricing in a potentially more hawkish Federal Reserve outlook. EUR/USD trades at 1.1381, up a mere 2 pips. The pair remains largely range-bound. Muted Euro strength suggests persistent dovish European Central Bank expectations. USD/JPY climbed to 163.83. This reflects the Bank of Japan's continued ultra-dovish stance. Notably, Singapore's central bank tightened monetary policy. This move signals heightened regional inflation vigilance. The Singapore Dollar saw increased implied volatility in response. For tomorrow, watch critical EUR/USD support at 1.1350. Resistance sits firmly at 1.1400. Stay tuned to rawfin.tv for more market insights.