Week Ahead: GBPUSD under pressure with fresh losses ahead?

(Note: This report was published before the US NFP report on Friday afternoon.)

  • GBPUSD ↓ 3.8% in July – worst month in 2025 

  • BoE expected to cut rates by 25bp on Thursday 

  • BoE meeting forecast to move GBPUSD ↑ 0.5% & ↓ 0.4%

BoE GBPUSD Trump Tariffs

Market round-up: Fed holds, Big Tech beats, Dollar rallies

  • Fed holds rates, 2 dovish dissenters but Powell hawkish

  • USDInd on track for first positive month of 2025 

  • US equities rally as Microsoft & Meta delivers solid earnings 

  • Core PCE for June YoY 2.8% vs 2.7% expected 

Federal Reserve Big Tech Earnings Dollar

Mag 7 Earnings Preview: Wall Street Faces $11 Trillion Test

  • 4 of “Magnificent 7” set to publish earnings 

  • Combined market cap of 4 tech titans over $11 trillion

  • Beyond earnings, key focus on tariff impact & AI spending 

  • Meta could move almost 6% ↑ or ↓ post earnings

  • Apple shares ↓ over 15% year-to-date

Big Tech Earnings Apple Meta Platforms Microsoft Amazon

Week Ahead: Heavy hitter line up to rock US500?

  • US500 ↑ over 8% YTD, recently touching ATH 

  • Microsoft, Meta, Amazon and Apple = nearly 20% of US500 weight

  • US GDP, PCE & NFP could influence Fed cut bets

  • Trump’s tariff deadline = Liberation Day 2.0? 

  • Technical levels: 6400, 6350 and 6300 

US500 Federal Reserve NFP GDP Big Tech trade war

FXTM’s JP225 soars on US-Japan trade deal

  • FXTM’s JP225 ↑ over 4% on trade deal, hits 12 month high

  • US to impose 15% tariffs on Japanese imports, lower than threatened 25%

  • Yen gains capped by political risk, despite trade ‘massive’ deal.

  • Japan PM Ishiba denies reports of stepping down 

Japanese Yen Trump Nikkei

ECB meeting preview: Rate pause amid tariff uncertainty

  • ECB expected to leave rates unchanged

  • Trump tariff threat could influence ECB rate outlook 

  • Dovish messaging may drag the EURUSD lower 

  • EURUSD forecasted to move ↑ 0.5% or ↓ 0.2% post ECB 

  • Technical levels: 1.1820, 1.1700 & 1.1570 

ECB Trump Tariffs

Week Ahead: Alphabet & Tesla in focus as “MAG 7” earnings kick off

  • 2 of ‘Magnificent 7’ set to publish earnings on Wednesday

  • Alphabet ↑ 4% month-to-date, 11% away from ATH 

  • Tesla ↓ 21% year-to-date

  • Alphabet: Shares could move 5.3% ↑ or ↓ post earnings

  • Tesla: Shares could move 5.6% ↑ or ↓ post earnings 

Big Tech Alphabet Tesla Stocks Earnings

TSMC hits record high ahead of earnings release

  • US-listed TSMC shares ↑ 20% YTD

  • Shares hit new all-time highs on Tuesday

  • Forward guidance for Q3 in focus 

  • TSMC makes up over 20% of FXTM’s TWN index 

  • Technical levels for TSMC - $240, $225 and $218

China Stocks Nvidia Earnings Tariffs

Bitcoin soars as “Crypto Week” kicks off

  • Bitcoin hits ATH above $123,000 ahead of busy week

  • “Crypto week” could be a major turning point for the industry 

  • GENIUS, CLARITY & Anti-CBDC Surveillance Act in focus 

  • “OG” crypto forecasted to move ↑ 2.8% or ↓ 2.6% post-CPI

  • Technical levels: $120,000, $115,000 and $112,000

Bitcoin CPI Cryptocurrency

Week Ahead: Looming “golden cross” teases US30 bulls

  • US30 ↑ roughly 5% year-to-date, less than 2% away from ATH 

  • Trump tariff drama + US CPI + big bank earnings = volatility?

  • JPMorgan & Goldman Sachs = almost 14% of US30 weight

  • US30 forecasted to move ↑ 0.8% or ↓ 1.4% post CPI

  • Technical levels: 45000, 44200 & 44000

US30 Trump CPI Earnings
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