Mostly rangebound waiting Fed next week.
EUR/USD – EUR/USD consolidated Friday waiting for FOMC guidance on 2025/26 rate cuts, with 25bps fully discounted for September.
USD/JPY – JPY moving sideways pre weekend waiting for Fed, with BOJ not expected to hike this year.
EUR/GBP – Flat July UK GDP seeing GBP drifting lower, but catalyst required for test of 0.8700.
AUD/USD – New yearly highs, but range trading likely before key Fed meeting.
Equities – S&P bullishness remains with Fed cut prospects more important than economic slowdown.