Short-term forecast for oil, gold, and euro-dollar today. Oil entered a short-term uptrend yesterday.

According to Jinshi reports, the US dollar index DXY has dropped 10 points in the short term, curren

UK currency depreciated on the prospects of a complicated path for interest rates.📉 Pound Slips as Inflation Jumps🛢️ Energy Shock Hits UK🏦 Rate Path Less Clear

The USD/JPY pair adds to its modest intraday losses and moves further away from over a one-week high, around the 159.70 region, touched the previous day. Spot prices drop to the 159.00 neighborhood, or a fresh daily low, during the early European session, though the downside potential seems limited.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD slipped to 1.1742 as the Dollar firmed on stalled US–Iran talks and weaker German sentiment.

The anticipated test of congestion resistance at 98.50 has been pushed back from 98.55~

The NZD/USD pair gathers strength to near 0.5915 during the early European session on Wednesday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) after US President Donald Trump says the US is extending the ceasefire with Iran at Pakistan’s request.

USD/CAD bounced as US yields rose on renewed Middle East concerns, with 1.37–1.3750 as key resistance and 1.3550 the next support below.

EUR/USD fell on Tuesday as rising US yields pressured the pair, with 1.18–1.1850 capping upside and 1.1670/1.16 acting as key support.

The US Dollar has gripped on to key support over the past week and despite clean rallies in both EUR/USD and GBP/USD, USD/JPY has held up quite well amidst the recent sequence of DXY weakness.