Euro Eyes Further Gains on Hawkish ECB Expectations. Forecast as of 20.07.2026

2026.07.20 2026.07.20 Euro Eyes Further Gains on Hawkish ECB Expectations. Forecast as of 20.07.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Slowing inflation in Europe and the escalating conflict in the Middle East suggest that the ECB will likely require additional data before making policy decisions. At the same time, hawkish rhetoric could continue to support the EUR/USD pair. Let’s examine the key drivers…

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Swiss Franc gains ground ahead of Trade Balance data

USD/CHF extends its gains for the second successive day, trading around 0.8070 during the Asian hours on Monday. The pair depreciates as the Swiss Franc (CHF) receives support ahead of the release of Trade Balance data for June. While the Swiss National Bank (SNB) maintains that its medium-term inflation outlook remains largely unchanged, recent Meeting Minutes show that policymakers…

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Gold falls toward $4,000 as US-Iran hostilities boosts Fed rate hike bets

Gold price (XAU/USD) falls to around $4,000 during the early Asian trading hours on Monday. The precious metal hovers around the psychological level in recent weeks after losing 14% in the second quarter (Q2), its worst showing since 2013. Rising tensions between the United States (US) and Iran push oil prices up, intensifying inflation fears. Although US consumer and…

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Gold climbs as Iran war premium revives Fed hike risk

Gold edges higher by some 0.92% on Friday as the US-Iran conflict boosted energy prices, which ultimately drive inflation higher, increasing expectations that the Federal Reserve (Fed) might need to raise interest rates. At the time of writing, the XAU/USD trades at $4,013, after reaching a daily low of $3,959. XAU/USD rises as Middle East escalation revives inflation fears…

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