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investingLive Americas market news wrap: Gold and oil continue to climb, yen sinks

Posted on: Aug 11 2026

  • Fed's Hammack: Now is the time to bring more restraint into policy
  • Trump says he is demanding compensation from Iran for people killed
  • It's time to start the countdown on Atlantic hurricane season
  • US July employment trends 107.71 vs 106.74 prior
  • Intel dilutes shareholders: Will launch $15 billion secondary

Markets:

  • WTI crude up $3.90 to $82.08
  • Gold up $46 to $4388
  • S&P 500 down 0.1%
  • US 10-year yields up 4.3 bps to 4.70%
  • GBP leads, JPY lags

The yen was beaten up on Monday as it gave back a big part of its intervention gains. USD/JPY rose more than 150 pips on the day on steady bids that continued as the pair broke through 159.00 in US trading. That's a real challenge to Japan's finance ministry and the US Treasury as they try to clamp down on the pair, with limited success so far despite a big spend. Eyes will be on the rhetoric as Japan wakes up.

Otherwise, the market is taking a dim view of the chance of peace in Iran and a reopening of the Strait of Hormuz. Trump sounded on the weekend like he had abandoned the military option and was going to try to starve out Iran with a blockade. In turn, Iran is going to try to keep oil blocked in the Strait and drive up the price of crude. With oil up nearly 5% today, the costs are quickly going to mount on both sides. Trump turned to compensation rhetoric this time rather than 'bomb the power plants' so this could last awhile.

Gold was also interesting as it gained once again in a reversal. It had been as low as $4313 but is trading near the highs at $4389 now in a nice turnaround. The US intervening to weaken its own currency, Friday's soft jobs report and a meandering war are all tailwinds and the price action is impressive.

On the equity side, there was an earlier report of a $500 billion structured finance loan for Nvidia in the hyper-scaler buildout in what's possibly the largest private fundraise of all time. The details are beginning to leak out now but the initial reports weighed on Nvidia. 

This article was written by Adam Button at investinglive.com.
Top 3 trade ideas for 31 July 2026

Posted on: Aug 01 2026

Trade ideas for EURUSD, EURGBP, and GBPUSD are available today. The ideas expire on 31 July 2026 at 11:00 PM (GMT +3).

EURUSD trade idea

The EURUSD pair is briefly declining following strong gains, but the medium-term trend remains bullish. The RSI on lower timeframes is falling, indicating waning current upward momentum. Nevertheless, the decline is viewed as an opportunity to open new long positions. The key support level is located at 1.1480. The preferred scenario remains buying on declines, expecting the EURUSD rate to continue its upward trajectory in the medium term. The EURUSD trade idea for today suggests placing a pending Buy Limit order.

The EURUSD news background shows bearish expectations prevailing at 62% versus 38%. The risk-to-reward ratio is 1:5. The potential profit is 80 pips at the first take-profit target and 100 pips at the second, while potential losses are capped at 20 pips.

Trading plan

  • Entry point: 1.1480
  • Target 1: 1.1560
  • Target 2: 1.1580
  • Stop-loss: 1.1460

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EURGBP trade idea

The EURGBP pair appears to be forming a local top. Despite buying pressure, the slowdown in upward momentum indicates a potential reversal and the beginning of a short-term bearish correction. Daily technical signals are becoming moderately bearish. The current price action suggests a risk of further decline after buyers failed to extend the bullish momentum. The preferred scenario remains selling EURGBP on the rise. The EURGBP trade idea for today involves placing a pending Sell Limit order.

Bearish sentiment is slightly prevailing in the EURGBP pair – 54% versus 46%. The risk-to-reward ratio exceeds 1:3. The potential profit is 46 pips at the first take-profit target and 56 pips at the second, while potential losses are limited to 15 pips.

Trading plan

  • Entry point: 0.8580
  • Target 1: 0.8534
  • Target 2: 0.8524
  • Stop-loss: 0.8595

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GBPUSD trade idea

The GBPUSD pair continues to trade in overbought territory, increasing the likelihood of a short-term downward correction. Buying GBPUSD on declines remains the preferred scenario. The current market structure remains bullish despite the risk of a temporary decline. A fall is viewed as an opportunity to open long positions. The key support level is located at 1.3400. The GBPUSD trade idea for today suggests placing a pending Buy Limit order.

Market sentiment for the GBPUSD pair shows a bullish bias, 54% versus 46%. The risk-to-reward ratio exceeds 1:3. The potential profit is 117 pips at the first take-profit target and 160 pips at the second, with potential losses capped at 41 pips.

Trading plan

  • Entry point: 1.3400
  • Target 1: 1.3517
  • Target 2: 1.3560
  • Stop-loss: 1.3359

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Editors’ picks

EURUSD forecast 2026–2027: technical analysis, price levels & predictions

EURUSD has pulled back from the 2026 high of 1.1915 and is now trading near 1.1450 — below both EMA65 and EMA200 — with the active scenario shifting from bullish to bearish. The ECB raised rates to 2.40%, but the Fed holds at 3.75%, and US inflation (3.5%) continues to outpace the eurozone (2.8%). A confirmed break below 1.1280 opens the next downward wave toward 1.1080. We break down the key levels, three trading scenarios with entry triggers, and what Deutsche Bank, Morgan Stanley and UBS are forecasting for EURUSD in 2026.

Gold (XAUUSD) forecast 2026: predictions based on fundamental and technical analysis

Gold has corrected over 25% from its all-time high of 5,597 USD and is now trading near 4,100 USD — testing a critical support zone. Is this the bottom, or will the downtrend continue? We break down the key levels (support 3,920 USD, breakout trigger 4,500 USD), three trading scenarios with entry levels, and what J.P. Morgan, Goldman Sachs and Deutsche Bank are forecasting for gold in 2026.