Daily Forex Analysis

Trump voiced cautious optimism over peace progress with Zelenskiy despite unresolved issues in eastern Ukraine and indicated a willingness to engage Russia and Europe in upcoming negotiations.

The euro held above 1.17 near multi-month highs as stable ECB policy, improved growth forecasts, and softer US inflation supported the single currency. 

Global commodity markets rose on geopolitical tensions, with Brent crude holding near $62 per barrel as US intervention in Venezuelan oil and Black Sea infrastructure attacks offset rising US inventories. 

EUR/USD extended its advance toward 1.1780, maintaining a strong bullish structure despite momentum nearing overbought levels. 

EUR/USD advanced after the ECB signaled confidence in current policy settings, while a cautious Federal Reserve weighed on the US Dollar. 

EUR/USD eased after the ECB held rates and signaled limited urgency for further easing, while the Yen weakened despite a BOJ rate hike. 

EUR/USD remains in a firm uptrend despite a minor pullback, supported by sustained euro demand and broad dollar weakness. The Yen softened on rising fiscal risks in Japan, while gold eased from recent highs as the dollar rebounded. 

Japanese bond yields held near 18-year highs at 1.96% amid strong economic data and expectations of a BoJ rate hike, while the dollar index lingered near two-month lows due to mixed labor reports. Gold climbed above $4,320, approaching record highs, driven by safe-haven demand and expectations of anticipated Fed cuts for 2026.