Critical week for global markets as Rate Decisions Loom: Markets are bracing for a high-impact week
packed with essential data and central bank decisions.
With the Fed and Bank of Canada in focus, and key indicators like GDP, inflation, and jobs on the radar,
assets from gold to oil and major currency pairs are poised for sharp moves.

Content

Gold

USDJPY

OIL

EURUSD

Nvidia

Economic Calendar

Monday, July 28, 2025

13:00 – UK
CBI Realized Sales Index

Tuesday, July 29, 2025

17:00 – USA
JOLTS Job Openings Report

Wednesday, July 30, 2025

15:15 – USA
ADP Non-Farm Employment Change
15:30 – USA
Preliminary GDP (Quarterly)

16:45 – Canada
Bank of Canada Monetary Policy Report

16:45 – Canada
Bank of Canada Interest Rate Statement

17:30 – Canada
Bank of Canada Press Conference

21:00 – USA
Federal Funds Rate Decision

21:00 – USA
FOMC Statement

21:30 – USA
Federal Reserve Press Conference

Thursday, July 31, 2025

04:30 – China
Manufacturing PMI

15:30 – Canada
Monthly GDP

15:30 – USA
Core PCE Price Index (Monthly)

15:30 – USA
Weekly Unemployment Claims

Friday, August 1, 2025

15:30 – USA
Average Hourly Earnings (Monthly)

15:30 – USA
Non-Farm Payrolls

15:30 – USA
Unemployment Rate

17:00 – USA
ISM Manufacturing PMI

Gold

Gold prices fell sharply in the last two days of last week, driven by market expectations
The Federal Reserve will maintain interest rates unchanged this week.
This strengthened the US dollar and weighed negatively on gold.

Gold closed at $2,336, near the significant support level of $2,321. If this level is broken,
downward pressure could persist toward the next demand zone around $2,280.

However, if a bullish reversal pattern appears at current levels early in the week, a rebound toward $2,363 may occur.

USDJPY

The USDJPY pair posted notable gains at the end of last week,
supported by a strong US dollar driven by optimism over a potential trade agreement
With the EU and expectations of rate stability this week.

The pair is trading around 147.65, with projections pointing toward a continued
climb to the technical peak at 149.02, followed by 150.00.

Oil

Oil prices declined recently due to news of increased supply,
causing prices to retest the support area at $65 per barrel.

If this level breaks, further declines could extend to $62, then to the key psychological support at $59.

Conversely, if prices hold above $65,
a bullish rebound could take prices back toward $67 if a US-EU trade deal materializes.

EURUSD

Despite the US dollar regaining strength against a basket of currencies, it failed to post significant gains against the euro,
mainly due to the absence of an explicit trade agreement.

The pair is trading at 1.1740, after retesting the role-reversal zone at 1.1708,
which could support a bounce toward the previous high at 1.1827.

However, this outlook may shift if positive US employment data is released or the Fed confirms holding rates steady.
That could drive the pair below 1.1708, opening the door for a further decline toward the next support at 1.1618.

Nvidia Stock

Nvidia’s stock continues to reach new highs, supported by strong company growth and increasing product demand.
The stock has reached the level of $173.50, and the upward trend is expected to continue in the coming period
after the recent correction wave has been absorbed, supporting a technical target of $185.00.

Critical week for global markets as Rate Decisions Loom

Critical week for global markets as Rate Decisions Loom

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