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July 09, 2026
EUR/USD Flows - ECB predetermined, Fed open minded? (Fed Williams, ECB Minutes)
July 9, 2026 2:21 PM UTC
ECB Minutes unsurprisingly hawkish given the decision and the presser, but do underscore the rigid view on the mmkt curve
Fed Williams meanwhile nods to upside risks, but mainly highlights 'collective reaction function' and open questions
EUR/USD, EUR/GBP Flows - Chilli yesterday, TACO today?
July 9, 2026 8:27 AM UTC
Familiar de-escalation comments follow yesterday's outburst and fresh exchanges. Mkt left waiting to hear from Iran
Fed Minutes highlight two scenarios and rate paths ahead. Iran and tech demand remain highly relevant
EUR/GBP meanwhile inching out the lows
FX Daily Strategy: Europe, Jul 9
July 9, 2026 4:30 AM UTC
FOMC Minutes to be digested, though again Trumped by Iran
Oil and wider mkt left gauging the dangerous line between rhetoric and breakdown
CAD and NOK were oversold so most responsive, EUR/USD proving a little trapped s/t
USD/JPY still in heads I win tails you lose mentality
July 08, 2026
FOMC Minutes - Fork in the road: scenario-dependent policy
July 8, 2026 10:19 PM UTC
The June Minutes show a Committee that had skewed slightly more hawkish, in pockets, but had mainly moved toward greater uncertainty and dispersion.
The spine of the policy debate now revolves around a fork in the road: two plausible inflation trajectories, with policy calibration in either directi
Preview: Due July 9 - U.S. June Existing Home Sales - Pending home sales imply a rise
July 8, 2026 5:55 PM UTC
We expect June existing home sales to increase by 1.9% to 4.25m, which would be a third straight increase and the highest level since December 2025. This would be consistent with signals from May pending home sales, but other housing signals are less positive.