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FX intraday sentiment turns mixed as commodities stabilize

Nadim Zidan Independent Analyst

The FX market opens today with a mixed risk tone, driven by softer USD momentum and stabilizing commodity prices. Traders are recalibrating positions after CPI‑driven volatility, with yields easing slightly and commodities showing early signs of recovery. Gold and silver are attempting to rebound, while oil remains pressured but stable.

EUR/USD – 1.12183 (+0.56%) – Buy bias

EUR/USD continues to push higher as the dollar softens. The pair is supported by improving Eurozone sentiment and a pullback in US yields.

Market sentiment: Mildly bullish.

Key levels:

Support: 1.1180.
Resistance: 1.1250.

USD/JPY – 157.778 (‑0.34%) – Neutral

USD/JPY is drifting lower as yields cool, but remains elevated near 158. Intervention risk stays in focus.
Market sentiment: Neutral with downside risk.

Key levels:

Support: 157.20.
Resistance: 158.60.

GBP/USD – 1.3258 (+0.54%) – Buy bias

Sterling strengthens on broad USD weakness and stable UK macro data. Momentum favors upside continuation.

Market sentiment: Bullish.

Key levels:

Support: 1.3200.
Resistance: 1.3320.

AUD/USD – 0.69283 (‑0.59%) – Sell bias

AUD remains under pressure as commodities show uneven recovery. Risk sentiment is not supportive enough for a sustained bounce.

Market sentiment: Bearish.

Key levels:

Support: 0.6890.
Resistance: 0.6980.

USD/CHF – 0.82934 (‑0.60%) – Sell bias

USD/CHF continues to slide as safe‑haven flows rotate into CHF. Dollar weakness amplifies the move.

Market sentiment: Bearish.

Key levels:

Support: 0.8250.
Resistance: 0.8330.

Commodities outlook

Gold – 4,176.0 (+1.66%) – Buy bias

Gold rebounds strongly as yields ease and risk sentiment stabilizes.

Support: 4,150.
Resistance: 4,220.

A break above 4,220 opens the door to 4,260.

Silver – 56.745 (+1.55%) – Buy bias

Silver follows gold higher, supported by industrial demand and softer USD.

Support: 55.80.
Resistance: 57.60.

Oil (WTI) – 94.59 (‑0.53%) – Neutral

Oil remains range‑bound as geopolitical risk is offset by demand concerns.

Support: 93.20.
Resistance: 96.00.

Conclusion

FX markets are showing early signs of USD fatigue, allowing EUR, GBP, and precious metals to recover. JPY remains sensitive to yields, while AUD stays pressured. Gold and silver look constructive above support, and oil remains neutral within its range.

Author

Nadim Zidan

Independent Analyst

Nadim Zidan is a seasoned entrepreneur, investor, and media voice with more than two decades of experience across sales, banking, investment wealth management, branding, social media marketing, and business development.

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