EUR/USD bias flipped 27 times to neutral on July 31, 2026
Eurozone inflation rose to 2.9% in July, keeping pressure on the European Central Bank to consider further policy moves. ECB officials stressed a data-dependent approach, while analysts point to the US-Iran conflict as a key factor influencing the September rate decision. These developments are driving the euro's movement against the dollar.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 27 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
- 01:15Bearish
- 01:35Neutral
- 04:48Bearish
- 06:04Weak bullish
- 06:24Weak bearish
- 06:37Weak bullish
- 07:05Neutral
- 07:48Bullish
- 08:12Neutral
- 09:09Weak bullish
- 09:13Weak bearish
- 09:21Bullish
- 09:29Bearish
- 10:05Bullish
- 10:21Weak bullish
- 10:29Bullish
- 10:54Bearish
- 11:30Weak bullish
- 11:38Neutral
- 12:50Bearish
- 13:10Neutral
- 13:18Bearish
- 14:39Bullish
- 15:39Weak bullish
- 17:46Neutral
- 19:38Weak bearish
- 21:02Neutral
Headlines (14)
First seen on July 31
- EUR/JPY rallies further above 185.00 against Japanese Yen after BoJ’s policy decisionFXStreet
- Euro area bank interest rate statistics: June 2026European Central Bank
- European Central Bank: September hike path shaped by Iran war – NomuraFXStreet
- ECB publishes results of 2026 geopolitical risk reverse stress testbankingsupervision.europa.eu
- Eurozone inflation rises to 2.9% in JulyFinancial Times
- ECB’s Kocher: Central bank policies will remain data-dependentFXStreet
Carried over from earlier days
- ECB's Patsalides: Rate hikes in ECB projections don't obligate usInvestingLive
- Swiss Franc: Policy gap favours further losses against Euro – MUFGFXStreet
- BOE leaves bank rate unchanged at 3.75% in July meeting, as expectedInvestingLive
- BoE Governor Bailey: No evidence of second-round effects; cannot draw too much comfort from thisInvestingLive
- Gold and FX Drive VT Markets to $8 Trillion H1 Trading Volume, Up 212%financemagnates.com
- US-Iran war looms over Britain’s economypolitico.eu
- Claudia Buch: Hearing of the Committee on Economic and Monetary Affairs of the European Parliamentbis.org
- The Federal Reserve Has Eroded 97% of Your Dollar’s Value Since 1913. Here’s the Mechanism.GoldSilver
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, July 31 | ||
| French Prelim CPI m/m | 0.3% | EUR |
| German Unemployment Change | 5K | EUR |
| Core CPI Flash Estimate y/y | 2.4% | EUR |
| Italian Prelim CPI m/m | 0.3% | EUR |
| CPI Flash Estimate y/y | 2.9% | EUR |
| Employment Cost Index q/q | 0.8% | USD |
| Chicago PMI | 55.9 | USD |
| Revised UoM Consumer Sentiment | 53.9 | USD |