📰 EURUSD Surges on ECB Hold Expectations and Trade Deal Uncertainty Ahead of Tariff Deadline
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Jul 21, 2025, 07:51 EDT
| 🔗 Source: ReutersRefinitiv
🧠 Summary
EURUSD rises amid ECB's expected hold on rates and fading US-EU trade deal prospects. Tariff uncertainty and strong US tech earnings influence market sentiment, supporting a cautiously optimistic euro outlook ahead of ECB meeting this week.
💡 Why this signal?
- Sterling's firm gains reflect optimism ahead of the Bank of England's early August meeting, suggesting strong near-term upside for GBPUSD.
- Weakness in the US dollar is driven by market caution as Fed officials remain silent until after the July 29-30 FOMC meeting, limiting USD strength.
- USDCAD remains largely steady amid balanced data releases from Canada and anticipation of the Bank of Canada meeting, resulting in a neutral signal.
📈 EURUSD Price Trend
⏱️ Impact Timing
as soon as the news is out and continuing through the week
👥 Competitor Impact
No competitors impacted.
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