Z Forex
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Markets Hold Steady as Dollar Stays Firm (04.07.2026)
Markets traded in a tight range as geopolitical tensions and strong U.S. labor data continued to support the dollar.EUR/USD held near 1.1520, with limited upside as expectations for Fed rate cuts weakened. The Japanese yen remained close to the 160 level under pressure from rising energy costs, while sterling stayed near multi-month lows amid weak risk sentiment. In commodities, gold and silver stabilized after recent declines, with prices pausing as investors assessed escalating Middle East risks and potential policy responses. Overall, markets remained cautious, with the dollar maintaining its strength.
Euro Holds at $1.152
The Euro stabilized near $1.152 during quiet trading as the Iran conflict and high oil prices weighed on sentiment. Strong US labor data further dampened expectations for Federal Reserve rate cuts, keeping the currency range-bound against a resilient Dollar.
For EUR/USD, the initial resistance is seen at 1.1590, while the closest support is positioned at 1.1500.
Gold Pauses at $4,650
Gold stabilized near $4,650 as markets weighed escalating geopolitical threats. Prices paused their decline after President Trump warned of strikes on Iranian infrastructure unless his demands, including the reopening of the Strait of Hormuz, are met.
First resistance is seen at $4720, with initial support near $4580.
Yen Keeps Near 160 Lows
The Yen hovered near 160 per dollar, its weakest level since 2024. A dominant Dollar, surging energy costs from the Iran conflict, and the looming pressure of President Trump’s deadline continue to weigh heavily on the Japanese currency.
Technically, resistance stands near 159.90, while support is firm at 158.50.
Sterling Near Multi-Month Lows
The Pound held around $1.32 as geopolitical conflict and surging energy costs dampened risk appetite. Strong US labor data supported the Dollar, further reducing expectations for Federal Reserve easing and keeping Sterling pinned near its recent lows.
From a technical view, support stands near 1.3320, with resistance around 1.3170.
Silver Steadies Near $72.50
Silver stabilized at $72.50 as markets weighed escalating geopolitical risks. Prices paused following President Trump’s ultimatum to Iran: meet specific demands, including reopening the Strait of Hormuz by Tuesday night, or face strikes on power plants and bridges.
From a technical view, resistance stands near $74.10 while support is located around $71.50.
Brent Crude Oil
Brent crude advanced above $111 per barrel, staying close to its strongest closing levels since June 2022.
Prices remain supported by rising tensions ahead of Donald Trump’s deadline for Iran to reach an agreement or face intensified attacks on infrastructure, keeping supply risks firmly in focus.
Brent’s resistance is seen at 112.50, with initial support near 107.30.
Nasdaq 100
The US 100 Tech Index climbed to 24,066, gaining 0.61% from the previous session.
The index continues to show solid momentum over the past month and year, even as projections suggest the possibility of softer levels ahead if borrowing costs remain restrictive.
Nasdaq’s resistance is seen at 24,450, with initial support near 23,850.
