ar
With a new trading week comes new opportunities. So, we’ve gathered insights for the week ahead that highlight the current trends, scheduled events and potential movers to watch. Let’s get started.
Calendar Events
US Jolts Job Openings – July 29
US ADP Employment Change – July 30
US Advance GDP – July 30
BoC Interest Rate Decision – July 30
Fed Interest Rate Decision – July 30
BoJ Interest Rate Decision – July 31
US Core PCE Index – July 31
Eurozone Preliminary CPI – August 1
US Nonfarm Payrolls – August 1
US Unemployment Rate – August 1
Top Things to Watch
Fed Expected to Hold Rates Steady
The Federal Reserve is expected to hold interest rates at 4.5% on Wednesday as rising inflation and trade tensions keep policymakers cautious. Fed Chair Powell said rate cuts would require lower inflation and a weaker labor market, but June’s inflation rise, fueled by the US-led trade war, has delayed any shift in policy.
Tariff Deadline Approaches
President Trump confirmed that starting August 1, 2025, reciprocal tariffs of 15%–50% will be imposed on countries without finalized trade deals. The deadline, extended from July 9, affects nations like South Korea(25%), Canada (35%), and Brazil (50%).
Earnings Spotlight: Big Tech in Focus
Earnings season heats up with Microsoft and Meta reporting on Wednesday, driven by AI momentum from OpenAI and Llama, followed by Apple and Amazon on Thursday.
Non-Farm Payrolls Report Looms
NFP for July is expected to add 102K jobs, below the 147K reported for June. Meanwhile, the unemployment rate is expected to remain steady at 4.2%, which would keep the Fed alert if tariffs, AI, or broader economic shifts impacted the labor market. The data could trigger volatility in USD pairs, gold and US stocks.
Trending Now: US30
Source: Acuity
Source: TradingView
Why It’s Trending?
The US 30 has been trending upwards as price continued to form higher highs. It’s now testing February 2025 highs due to optimism on trade negotiations, which sent the index higher. US economic data continues to remain strong, also supporting the bullish sentiment.
