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Bitcoin (BTCUSD) retains upside potential as geopolitical risks ease Bitcoin (BTCUSD) continues to recover as global market sentiment improves, with the price currently at 65,471. Technical outlook BTCUSD has consolidated firmly above the upper boundary of the descending channel, indicating increased buying pressure. Today’s BTCUSD forecast suggests the upward momentum may continue towards 71,695 USD. Today’s BTCUSD analysis indicates that buyers have the advantage. Read more - BTCUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

XAUUSD rebounds as the Fed prepares to change the rules of the game Gold is strengthening ahead of the Federal Reserve meeting, with prices currently at 4,085 USD. XAUUSD forecast: key takeaways The main event of the week is the Federal Reserve meeting Global central banks continue to diversify their international reserves in favour of gold XAUUSD forecast for 27 July 2026: 4,155 or 4,040 Fundamental analysis The XAUUSD price forecast for today, 27 July 2026, shows that gold, after failing to break below the 4,000 USD support level, is forming an upward wave and testing the 4,100 USD level. Oil prices declined following reports of a temporary pause in the confrontation between the US and Iran, reducing concerns about a new wave of inflation in the US and lowering the likelihood of a Federal Reserve rate hike. Against this backdrop, gold received support despite some decline in demand for traditional safe-haven assets. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 27th July 2026. Fed Decision in Focus as Oil Falls, Gold Holds Above $4,000 and US Dollar Weakens. Investors are bracing for a central bank decision from the US, UK, and Japan. The best-performing currencies at the weekly open so far are the Swiss Franc, Euro, and the Australian Dollar. The worst-performing currency is the US Dollar, which is trading 0.30% lower. The price movement is partially due to the upcoming central bank decisions and economic data. However, this was also influenced by the pause in hostilities between the US and Iran after 13 consecutive nights of attacks. This has caused lower oil prices, higher stocks, and a weaker US Dollar. US Dollar The price of the US Dollar over the past month has been trading within the range of 100.00 to 101.60. This is the region that is pricing in further rate hikes, but not necessarily an ultra- restrictive policy. The price is also witnessing a clear correlation between the currency and the conflict in the Middle East. As tensions rise and the conflict escalates, the US Dollar clearly trades higher due to its safe-haven status. Traders are opting for the USD as their safe-haven trade due to high interest rates and Gold’s uncompetitive pricing. The absence of new US strikes on Iran overnight marked another step towards de-escalation after nearly two weeks of sustained military exchanges. As Washington and Tehran refrained from launching further attacks, investors interpreted the pause as a sign that diplomatic efforts were gaining traction. For this reason, the US Dollar Index fell during this morning with a bearish gap measuring 0.24%. Though, investors should note that the geopolitical situation within the region particularly amongst Iran, Israel, US, Saudi Arabia, and Israel remains uneasy. In addition to this, the upcoming Federal Reserve rate decision is also largely influencing the US Dollar. Crude Oil Drops Over Renewed Hopes in Middle East Conflict The price of Crude oil saw a significant decline on Monday due to de-escalation within the region. The price closed on Friday evening at $90.85 and opened this morning at $84.60, measuring a 6.85% decline. This decline is vital as the Federal Reserve will soon make its rate decision. The Iranian Army Chief told the country’s national TV channel that it is no longer taking retaliatory action in order for Iran and Omani officials to meet and resolve shipping through the strait. The US is also doing the same, which gives investors the sense of lower tensions and lower risk. For this reason, oil prices are significantly lower and still declining. If the Strait of Hormuz does reopen and oil supply continues to increase, the price of oil could potentially fall back down to $70 per barrel. Most momentum-based indicators are also pointing towards a similar price movement. However, this will depend on whether ships can indeed pass through the strait. HFM - Crude Oil 30-Minute Chart If oil prices continue to fall, this could add further pressure on the US Dollar while slightly supporting Gold prices. Gold Rebounds As The Dollar Falls The price of Gold is trading above $4,000 after finding support from the weaker US Dollar. Some countries have also confirmed that they are taking advantage of the lower Gold prices in order to prop up their portfolios. In particular, China was seen active in the Gold market due to lower Gold prices and a strong Yuan. Chinese gold imports rose to a two-year high in June, to about 173 tonnes, according to the latest customs data. If the US Dollar continues to decline, Gold prices could retain momentum. However, this will largely depend on whether the US Dollar Index falls below 100.00 and on the Federal Reserve. Currently, markets expect the Federal Reserve to pause and then hike in September. If the Fed hikes earlier or indicates consecutive hikes, Gold could quickly retrace back below $4,000. HFM - Gold 30-Minutes Key Takeaways: The US Dollar weakens as easing Middle East tensions reduce safe-haven demand ahead of key central bank decisions. Crude oil dropped nearly 7% after signs of de-escalation between the US and Iran ease supply disruption concerns. Gold remains above $4,000, supported by a weaker US Dollar and strong physical demand, particularly from China. The Federal Reserve decision takes centre stage, with investors watching for clues on the timing of future interest rate hikes. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Market Fundamental Analysis for July 27, 2026 EURUSD EURUSD: EUR/USD begins the session recovering from last week’s decline. The pause in US strikes against Iran and the drop in oil prices have eased concerns about renewed acceleration in US inflation. The yield on the 10-year US Treasury note has fallen, while the probability of an immediate Federal Reserve rate increase has declined slightly. As a result, the dollar has lost some of the demand generated by geopolitical tensions. Only for our readers: mention the one-time promo code MR20 in the support chat and get +20% on your next deposit of any amount. The maximum bonus amount is $500. Only one promo code can be applied to a deposit at a time. For the euro, the outcome of the ECB’s latest meeting remains important. The central bank kept interest rates unchanged and confirmed that it would continue assessing incoming data without committing to a predetermined policy path. Uncertainty surrounding the energy shock is limiting a stronger recovery in the single currency, although today’s decline in oil prices reduces the risk of additional pressure on the eurozone economy and supports demand for the euro. The main driver of the current session is the dollar’s correction ahead of the Federal Reserve meeting, which begins on Tuesday. The market still expects the US central bank to deliver restrictive signals, limiting the upside potential for EUR/USD. Nevertheless, the latest momentum reflects lower Treasury yields and weaker defensive demand for the dollar, making a moderate continuation of the pair’s recovery the base-case scenario. Trading idea: BUY 1.1405, SL 1.1375, TP 1.1465

Date: 24th July 2026. Gold Regains Short-Term Momentum as Trump Introduces New Tariffs. Gold prices fell after attempting to regain bullish momentum throughout the week. Both the US Dollar and Gold have been rising simultaneously over the past week despite their inverse correlation. On Thursday, Gold gave way, declining by 1.95% as the US Dollar continued to rise further. On Friday, Gold was quick to rebound after a poor session on Thursday due to Trump introducing new trade tariffs. However, investors are contemplating whether the commodity can retain its bullish momentum in the long term. This will largely depend on the US Dollar, the Middle East tensions, and global interest rates. Gold’s Poor Performance Gold prices are facing pressure as investors shift money into equities and assets that benefit from higher interest rates. Even though Gold has shown strong bullish price movement at the European open, the US Dollar is not experiencing the equivalent weakness. At the same time, the longer-term pressures for Gold remain, meaning traders should remain cautious of upward impulse waves. According to the World Gold Council (WGC), Chinese physically backed gold ETFs recorded their largest monthly outflow on record in June, with assets under management falling 16% and holdings dropping by 17 tonnes. Stronger Chinese stock markets, a firmer yuan, and higher yields on other investments have reduced demand for Gold. At the same time, geopolitical tensions in the Middle East continue to support the US Dollar as a safe-haven asset. Concerns that higher oil prices could fuel inflation have increased expectations that the US Federal Reserve may keep interest rates higher for longer. This has strengthened the US Dollar and pushed 10-year Treasury yields higher. These factors are limiting Gold's upside and may even push the price even lower. Meanwhile, trading activity in the gold market has slowed. CME data shows futures and options volumes have eased, suggesting traders are waiting for a clearer catalyst before making larger moves. This may come from the Federal Reserve’s interest rate decision on Wednesday, 29 July Currently, only 29% of the market expects the Fed to increase interest rates. However, this is higher than the 12% seen last week. Also, less than 10% believe the Fed will not hike by the end of the year. This continues to be a pressure point for Gold. If the Fed does not hike but indicates a future hike, Gold may still witness renewed pressure. New Trump Tariffs Overnight, President Trump’s administration has introduced new 10%-12.5% tariffs on imports from 60 trading partners, citing concerns over forced labor in global supply chains. The move effectively rebuilds much of the US tariff wall after earlier tariffs were struck down by the Supreme Court. This time, Trump is using a different legal framework under the Trade Act of 1974, and forced labour as the pretext. The new duties are expected to increase trade tensions, raise import costs, and keep markets focused on the potential impact on inflation and global economic growth. In the past, tariffs have supported Gold as they also have this morning. However, this may not be the case if the Federal Reserve hikes interest rates. Gold - Technical Analysis HFM - Gold 2-Hour Chart The US Dollar Index is trading lower this morning, but remains above the main moving averages on the larger timeframes. On smaller timeframes, the price remains at a neutral level based on moving average and the Relative Strength Index. If the price of Gold rises above $4,058.00 and the US Dollar Index falls below 101.11, Gold may see a bullish signal arise from indicators and price action. However, this only applies in the short-term. Key Takeaway points: Gold remains under pressure from a stronger US dollar, higher Treasury yields, and expectations of higher interest rates. Chinese gold ETF demand weakened sharply, as investors shifted capital into equities and higher-yielding assets. Next week’s Federal Reserve meeting is crucial, with any hawkish signals likely to pressure gold further. Trump’s new tariffs and Middle East tensions support safe-haven demand, but a stronger dollar limits gold’s upside. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.

Dogecoin (DOGEUSD) fears the future as tensions mount The Dogecoin price has paused at 0.0690 USD. Market sentiment has become more challenging. Technical outlook The hourly DOGEUSD chart maintains a pronounced downtrend following a sharp fall from the 0.0723–0.0730 area. The price is currently consolidating near 0.0691 at the lower Bollinger Band, indicating continued selling pressure, but also a slowing decline. The Dogecoin price declined, stabilised, and is now poised to react to news. Read more - DOGEUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

EURUSD at a critical level as the market awaits the ECB’s decisive move The ECB left its interest rate unchanged at 2.4%, but this did not support the euro. The EURUSD rate currently stands at 1.1390. EURUSD forecast: key takeaways ECB interest rate decision: previously at 2.4%, currently at 2.4% The likelihood of an ECB rate hike in September has increased significantly EURUSD forecast for 24 July 2026: 1.1475 and 1.1370 Fundamental analysis The EURUSD forecast takes into account that the pair continues to correct after reaching new highs for the current month and is testing the 1.1380 level. The ECB kept its interest rate unchanged but did not rule out tighter monetary policy. The ECB July meeting was the key event for the euro. The regulator left its key interest rates unchanged, but ECB President Christine Lagarde said that rising energy prices had significantly increased the likelihood of a rate hike in September. The market is already pricing in a high probability of such a move. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Market Fundamental Analysis for July 24, 2026 USDJPY USDJPY: USDJPY is holding near 163.80 after the yen weakened to an almost 40-year low, although the fundamental case for further gains has become less one-sided. Japan’s finance minister stated that the authorities were prepared to take decisive action in the foreign exchange market, while the US Treasury highlighted the undesirability of excessive volatility and the need for further steps from the Bank of Japan. Support for the dollar remains substantial. The yield on the 10-year US Treasury note is above 4.7%, Federal Reserve expectations have become more restrictive, and oil prices above $100 are increasing inflation and import-related risks for Japan. The interest rate differential continues to weigh on the yen, meaning that verbal warnings alone may not be enough to produce a sustained recovery. However, the current session is marked by a fresh official signal and the exchange rate’s proximity to levels at which the likelihood of practical action by the Japanese authorities rises considerably. The dollar’s additional upside is limited by the risk of a sharp reduction in interest rate differential trades, while any response to intervention could be swift. The local Japanese factor may therefore outweigh the broader dollar impulse, and the baseline scenario allows for a decline in USDJPY. Trading idea: SELL 163.80, SL 164.15, TP 162.95

JP 225 forecast: the index declined by 15% The JP 225 stock index returned to last year’s levels as part of the downtrend. The JP 225 forecast for today is negative. JP 225 forecast: key takeaways Recent data: Japan’s trade balance for June stood at −406.9 billion JPY Market impact: the effect on the Japanese stock market is mixed Fundamental analysis The release of Japan’s foreign trade data may have a moderately negative impact on the JP 225 index, as the trade deficit reached 406.9 billion JPY compared to a projected deficit of only 120 billion JPY. The negative balance was also slightly larger than the previous reading. For the JP 225 index, the result is mixed. On the one hand, the widening trade deficit raises concerns about higher production costs, accelerating inflation, and a potential decline in households’ real incomes. RoboForex Market Analysis & Forex Forecasts Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team

Date: 23rd July 2026. Oil Prices Surge Toward $100 as AI Earnings Lift Asian Stocks. Global markets are navigating a delicate balance between optimism over artificial intelligence (AI) investment and growing concerns about the impact of rising energy prices. While strong earnings from major technology companies have supported Asian equities, escalating tensions in the Middle East have pushed Brent crude oil close to $100 per barrel, raising fresh concerns about inflation, interest rates and global economic growth. For CFD traders, these developments are creating opportunities across commodities, stock indices, currencies and energy-related equities, with market sentiment likely to remain driven by both geopolitical headlines and corporate earnings. Oil Prices Rally as Middle East Tensions Threaten Global Supply Oil prices extended their recent gains after Iran-backed Houthi militants reportedly attacked two Saudi oil tankers in the Red Sea, increasing concerns over global energy supply disruptions. Brent crude climbed above $96 per barrel, briefly approaching $98, its highest level in more than a month. The latest attacks have heightened fears that disruptions could spread beyond the Strait of Hormuz to the Bab el-Mandeb Strait, another strategic shipping route that plays a vital role in global oil transportation. The sharp rise in oil prices has become one of the biggest drivers of financial markets, as higher energy costs can: Increase inflationary pressures. Raise operating costs for businesses. Reduce consumer spending. Delay expectations for lower interest rates. If Brent crude continues moving toward the $100 level, energy markets could remain highly volatile while broader equity markets face additional pressure. Asian Stocks Gain as AI Investment Momentum Continues Despite a mixed session on Wall Street, Asian stock markets moved higher as investors regained confidence in semiconductor companies expected to benefit from continued AI investment. South Korea led regional gains, with technology shares outperforming: Samsung Electronics rose around 3%. SK Hynix gained more than 3%. Japan's SoftBank Group also advanced as investors remained optimistic about AI-related growth. The recovery follows stronger-than-expected quarterly results from Alphabet, Google's parent company, which demonstrated continued growth despite significantly increasing its investment in AI infrastructure. Although Alphabet's earnings exceeded expectations, investors reacted cautiously after management announced another substantial increase in capital expenditure. The market is becoming increasingly focused on whether billions of dollars being invested in AI will generate sustainable long-term returns rather than simply rewarding companies for expanding their AI ambitions. Technology Earnings Enter a Critical Phase Alphabet's results mark the beginning of one of the most closely watched earnings seasons in recent years. Investors are now turning their attention to upcoming results from Microsoft, Meta, Amazon and Intel, looking for evidence that heavy investment in AI infrastructure is translating into stronger revenues and profitability. After last week's sharp correction in semiconductor stocks, earnings over the coming weeks could determine whether the AI-driven rally resumes or whether investors become more selective toward technology companies with clear monetisation strategies. The focus has shifted from AI excitement to AI execution. Higher Oil Prices Complicate the Inflation Outlook While corporate earnings remain supportive for equities, rising oil prices present a growing challenge for central banks. Higher energy costs risk slowing the recent decline in inflation, potentially forcing policymakers to keep interest rates elevated for longer than markets previously expected. US Treasury yields have continued moving higher as investors reassess the outlook for monetary policy. Markets are increasingly considering the possibility that the Federal Reserve could delay future rate cuts if inflation proves more persistent due to higher energy prices. This environment generally supports: The US Dollar. Energy producers. Oil-related stocks. At the same time, it may create headwinds for growth-focused sectors, consumer discretionary companies and more interest-rate-sensitive assets. Currency Markets Reflect Shifting Expectations The US Dollar remained relatively strong as Treasury yields stayed elevated. Meanwhile, the Japanese yen continued trading near multi-decade lows against the Dollar, reflecting the widening gap between US and Japanese interest rates. If energy prices remain elevated and US yields continue rising, the Dollar could maintain its strength against several major currencies. Key Events Traders Should Monitor Market volatility is likely to remain elevated over the coming days as investors monitor several major catalysts: Developments in the Middle East and potential disruptions to global oil supply. Whether Brent crude can sustain a move above $95 and challenge the $100 level. Earnings reports from Microsoft, Meta, Amazon and Intel. The European Central Bank's latest policy decision. Next week's Federal Reserve meeting and any changes to interest rate expectations. Market Outlook Global markets are currently being shaped by two powerful themes. Continued investment in artificial intelligence is providing long-term support for technology and semiconductor companies, while rising oil prices are reviving concerns about inflation and slowing expectations for lower interest rates. For CFD traders, this combination is likely to keep volatility elevated across commodities, stock indices, currencies and energy markets. As geopolitical developments continue to influence oil prices and major technology companies report earnings, markets are expected to remain highly sensitive to both economic data and breaking news, creating opportunities for traders prepared to navigate a rapidly changing environment. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.