Forex Focus — Jul 21, 2026, 21:00 UTC

Transcript

$700 million evaporated from crypto markets following US strikes on Iran. This geopolitical uncertainty directly impacts global risk appetite. The Dollar Index reflects this risk-off tone, staying range-bound. EUR/USD holds precisely at 1.1418. The pair shows zero net movement, consolidating gains. Traders are cautious, awaiting fresh drivers. For unusual volatility, focus on USD/ZAR. This emerging market carry trade is highly sensitive to oil prices. The escalating US-Iran oil tensions are fueling significant price swings. On central bank watch, the Fed's Jefferson delivered a hawkish tone. He reaffirmed the 2% inflation target. Jefferson warned policy *will* shift if inflation persists above target. No basis point changes expected from FOMC yet. Looking ahead to tomorrow, EUR/USD finds key support at 1.1380. Resistance is firm at 1.1450. Expect continued tight trading, potentially within a 70-pip band. Stay sharp, stay informed. This is Forex Focus on rawfin.tv.