EUR/USD bias flipped 2 times to neutral on July 26, 2026
The Euro is being influenced by ECB comments that inflation will return to its 2% target and stronger Eurozone PMI data, though doubts persist. Meanwhile, oil prices are impacting rates more than ECB rhetoric, and the currency faces major cross-asset risks from upcoming central bank meetings (FOMC, BoE, BoJ) and key US and Eurozone data releases.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 2 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
- 21:37Weak bullish
- 23:50Neutral
Headlines (24)
First seen on July 26
- ECB chief economist says inflation will return to 2% targetHellenic Shipping News
- Newsquawk Week in Focus: FOMC, BoE, BoJ, US PCE, US GDP, and EZ CPIInvestingLive
- Week ahead for traders: FOMC, BoE, BoJ, US PCE and GDP create major cross-asset riskInvestingLive
- Early indications for the FX market this weekInvestingLive
Carried over from earlier days
- ECB to start implementing enhanced repo facility for central banksEuropean Central Bank
- The devil in the DeTail: assessing state-contingent tail effects of a releasable macroprudential capital buffer using a parsimonious agent-based frameworkEuropean Central Bank
- Dollar: Oil Leaves the Fed with No ChoiceActionForex
- “Still see probability of rate hike higher than hold”: ECB’s Simkus expresses hawkish bias on ratesFXStreet
- How have interest rate expectations changed after this week's events?InvestingLive
- European Central Bank: September hike seen as highly likely – Deutsche BankFXStreet
- ECB policymakers reiterate they are not seeing second-round effects, stress data dependenceInvestingLive
- European Central Bank: September hike risk rises with oil and PMIs – CommerzbankFXStreet
- Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)European Central Bank
- Bank of Russia lowers dollar exchange rate to 78 rubles for July 25-27TASS
- Euro: Choppy range view holds against US Dollar – RabobankFXStreet
- Major European indices are closing the day and the week higherInvestingLive
- US Dollar: Softer yields curb gains ahead of FOMC – ScotiabankFXStreet
- Euro falls even amid strong Eurozone PMIsFXStreet
- Xeneta Weekly Ocean Container Shipping Market Update: Rates Continue to SoftenHellenic Shipping News
- investingLive Americas FX news wrap 24 JulInvestingLive
- CFTC Report: A split tape; bearish FX conviction, selective covering and a crude reversalFXStreet
- Rates Spark: Oil drives rates more than ECB speakING Think
- Eurozone PMI: stronger data, growing doubtsING Think
- Bitcoin is now fighting the ECB’s €51.8 billion bond wall for a shrinking pool of capitalCryptoSlate
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, July 27 | ||
| German ifo Business Climate | 86.1 | EUR |
| Private Loans y/y | 3.1% | EUR |
| M3 Money Supply y/y | 3.2% | EUR |
| ECOFIN Meetings | EUR | |
| Durable Goods Orders m/m | 1.6% | USD |
| Core Durable Goods Orders m/m | 0.9% | USD |
| Tuesday, July 28 | ||
| Spanish Unemployment Rate | 10.7% | EUR |
| German Buba Monthly Report | EUR | |