📰 Euro (EURUSD) Gains Modestly Ahead of ECB Hold and U.S. Tech Earnings Blitz
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Jul 21, 2025, 04:25 EDT
| 🔗 Source: Reuters
🧠 Summary
Euro steadies near $1.164 as ECB likely holds rates; US-China trade talks and US tech earnings upcoming, with political uncertainty in Japan impacting yen and market sentiment cautiously optimistic ahead of tariff deadlines and central bank decisions.
💡 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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