EUR/USD bias flipped 28 times to neutral on July 23, 2026
The European Central Bank held interest rates at 2.25%, with reports of reigniting inflation putting additional pressure on the bank. This steady stance comes ahead of a dense week that includes a Federal Reserve decision, making relative monetary policy expectations a key driver for the euro-dollar exchange rate.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 28 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
- 03:03Weak bearish
- 03:35Neutral
- 04:32Weak bullish
- 05:24Neutral
- 08:28Weak bearish
- 09:00Weak bullish
- 09:04Neutral
- 10:32Bullish
- 11:12Neutral
- 12:32Bearish
- 12:36Neutral
- 12:48Bearish
- 12:56Bullish
- 13:00Bearish
- 13:04Neutral
- 13:13Bearish
- 13:29Bullish
- 13:37Weak bullish
- 13:45Bullish
- 14:25Neutral
- 15:05Bullish
- 15:41Neutral
- 16:06Bullish
- 16:42Neutral
- 17:22Bearish
- 18:06Neutral
- 21:02Bearish
- 21:42Neutral
Headlines (18)
First seen on July 23
- European Central Bank: September hike risk builds – INGFXStreet
- Euro: ECB seen hiking in September – CommerzbankFXStreet
- ECB to pause today before delivering next and final rate hike in September - DeutscheInvestingLive
- Monetary policy decisionsEuropean Central Bank
- Reigniting Inflation Heaps Pressure on European Central BankThe Wall Street Journal
- ECB holds interest rates at 2.25%Financial Times
- ECB keeps interest rates on hold, avoids rattling marketsING Think
- Traders see September rate hike as European Central Bank mulls energy price spikeCNBC
- ECB keeps interest rates unchanged amid Iran war inflationdw.com
Carried over from earlier days
- Czech central bank chief warns against joining Eurozone too earlyFinancial Times
- July ECB Cheat Sheet: No lull in sightING Think
- ECB appoints Boris Kisselevsky as Director General SecretariatEuropean Central Bank
- Monetary Policy Radar preview: ECB’s July meetingFinancial Times
- Weekly Economic Calendar for 27.07.2026–02.08.2026LiteFinance
- Payments statistics: second half of 2025European Central Bank
- A dense week ahead: Fed decision, Big Tech earnings, and month-end crypto expiryblog.kraken.com
- What's happening to UK interest rates and what does it mean for mortgages?bbc.co.uk
- The digital euro: Surveillance money, or a better alternative to cash?Cointelegraph
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, July 23 | ||
| Monetary Policy Statement | EUR | |
| Main Refinancing Rate | 2.40% | EUR |
| Unemployment Claims | 211K | USD |
| ECB Press Conference | EUR | |
| Consumer Confidence | -17 | EUR |
| Natural Gas Storage | 29B | USD |
| Treasury Currency Report | USD | |
| Friday, July 24 | ||
| German GfK Consumer Climate | -28.7 | EUR |