The USD is combined to kickstart the FOMC resolution day.

Each the Federal Reserve (2 PM ET) and the Financial institution of Canada (9:45 AM ET) will announce rate of interest selections immediately, with no modifications anticipated from both.

Markets might be watching the Fed particularly intently for indicators of a shift in tone. Whereas the coverage charge is more likely to stay unchanged, the choice might be cut up—elevating questions on whether or not Chair Powell and the board are beginning to lean towards a September charge minimize.

Fed Governors Bowman and Waller have already signaled openness to easing. Will others observe swimsuit? Will Powell lean into the dovish shift? Right now’s assertion and press convention might provide the clearest clues but.

Within the video above, I break down the technical outlook for the three main forex pairs: EURUSD, GBPUSD, and USDJPY.

• EURUSD fell sharply on Monday following the EU–US commerce settlement. The decline prolonged into Tuesday earlier than rebounding late within the day. After an early try to maneuver greater, the pair rotated decrease once more and is now testing the lows because the North American session begins.

• GBPUSD dipped early Tuesday however recovered towards Monday’s closing degree. It reveals a slight upward bias immediately, although it slipped modestly heading into the U.S. session and is at the moment buying and selling marginally greater.

• USDJPY dropped throughout the European morning however has since rebounded into optimistic territory.

I cowl the important thing technical ranges and setups for every pair within the video above

European GDP knowledge was combined general—with France beating expectations, Germany in line, and Italy lacking. Broader financial figures from Europe and Switzerland largely beat forecasts, exhibiting modest resilience in client exercise and sentiment.

Right here’s a abstract of the financial knowledge launched in Europe this morning

• French Client Spending m/m: Zero.6% vs -Zero.three% forecast, Zero.1% earlier → BEAT

• French Flash GDP q/q: Zero.three% vs Zero.1% forecast, Zero.1% earlier → BEAT

• German Retail Gross sales m/m: 1.Zero% vs Zero.5% forecast, -Zero.6% earlier → BEAT

• Swiss KOF Financial Barometer: 101.1 vs 97.9 forecast, 96.three earlier → BEAT

• Spanish Flash CPI y/y: 2.7% vs 2.three% forecast, 2.three% earlier → HIGHER INFLATION

• German Prelim GDP q/q: -Zero.1% vs -Zero.1% forecast, Zero.four% earlier → MET

• Italian Prelim GDP q/q: -Zero.1% vs Zero.1% forecast, Zero.three% earlier → MISSED

• EU Flash GDP q/q: Zero.1% vs Zero.Zero% forecast, Zero.6% earlier → BEAT

Australian knowledge was combined: retail gross sales beat expectations, whereas constructing approvals slowed greater than forecast—signaling resilience in client demand however weak spot in housing.

Right here’s the breakdown:

• Retail Gross sales m/m: Zero.four% vs Zero.2% forecast, Zero.2% earlier → BEAT

• Constructing Approvals m/m: 1.eight% vs three.2% earlier (no forecast proven, however decrease than prior) → SLOWED

On the incomes entrance immediately, the fireworks will happen after the shut when Microsoft and Meta announce earnings. Within the premarket the next introduced:

• Kraft Heinz (KHC) Q2 2025:
  EPS $Zero.69 (BEAT; exp. $Zero.64), Income $6.35B (BEAT; exp. $6.25B)

• Automated Information Processing (ADP) This fall 2025:

  EPS $2.26 (BEAT; exp. $2.23), Income $5.13B (BEAT; exp. $5.04B), EBIT $1.28B (no est. offered)

• Hershey (HSY) Q2 2025:

  EPS $1.21 (BEAT; exp. $Zero.98), Income $2.615B (BEAT; exp. $2.52B)

• GE Healthcare (GEHC) Q2 2025:
  EPS $1.06 (BEAT; exp. $Zero.92), Income $four.963B (MISS; exp. $four.96B) (rounding suggests a tiny beat or match relying on supply)

• Trane Applied sciences (TT) Q2 2025:
  EPS $three.88 (BEAT; exp. $three.78), Income $5.75B (MET; exp. $5.77B)

• Humana (HUM) Q2 2025:
  EPS $6.27 (BEAT; exp. $5.71), Income $32.4B (BEAT; exp. $31.88B)

After the shut the next corporations reported:

• Digital Arts (EA) Q1 2026: EPS $Zero.79 (BEAT; exp. $Zero.10), Income $1.671B (BEAT; exp. $1.24B). Shares are buying and selling up 1.83% in premarket buying and selling

• Visa (V) Q3 2025: EPS $2.98 (BEAT; exp. $2.85), Income $10.2B (BEAT; exp. $9.84B). Shares are buying and selling down -2.36%

• Seagate Know-how (STX) This fall 2025: EPS $2.59 (BEAT; exp. $2.42), Income $2.44B (BEAT; exp. $2.41B). Shares are buying and selling down -7.Zero% in premarket buying and selling

• Starbucks (SBUX) Q3 2025: EPS $Zero.50 (MISS; exp. $Zero.64), Income $9.5B (BEAT; exp. $9.31B). Shares are buying and selling up 5.63%.

• Reserving Holdings (BKNG) Q2 2025: EPS $55.40 (BEAT; exp. $49.88), Income $6.8B (BEAT; exp. $6.54B).. Shares are buying and selling down 1.97% premarket

Pres. Trump this morning stated that the August 1 deadline stands robust and won’t be prolonged. With that backdrop, he says that India might be paying a tariff of 25% plus a penalty. He says that their tariffs are far too excessive – among the many highest on this planet – they usually have probably the most strenuous and obnoxious commerce obstacles of any nation. The president additionally cited that India buys numerous items from Russian together with navy, and China. These issues should not in favor of the President..

Along with the speed selections, the US GDP might be launched at eight:30 AM with expectations of two.four% versus -Zero.5% final quarter. The Atlanta Fed estimates 2.eight%.

US shares are buying and selling greater:

• Dow industrial common up 17 factors
• S&P index up 7.39 factors
• NASDAQ index 43 factors

The ADP employment report simply launched got here in greater than anticipated at 104Okay versus 75Okay

This text was written by Emma Wang at investinglive.com.