Forex Weekly Outlook: Key Fundamentals for July 20–24 & Implications for Majors + USD (QTS Forex Focus)
Forex Weekly Outlook: Key Fundamentals for July 20–24 & Implications for Majors + USD
(QTS Forex Focus)
Hi traders - after a volatile week dominated by geopolitics and softer US inflation, next week brings a lighter but still meaningful fundamental calendar. With the ECB decision on Thursday and various inflation/PMI prints, we could see fresh directional moves across the majors and clear opportunities in USD pairs. Here’s a focused breakdown of the key events and how they may influence the US Dollar (DXY) and major currency pairs.
High-Impact Events Next Week
Monday (July 20): US Leading Economic Indicators
Tuesday (July 21): UK CPI & Unemployment
Thursday (July 23): ECB Monetary Policy Decision + Press Conference
Friday (July 24): US New Home Sales, Flash Manufacturing & Services PMIs (various countries)
Geopolitical developments (US-Iran tensions and oil prices) remain an ongoing backdrop that can override scheduled data.
US Dollar (DXY) Outlook
The Dollar ended this week on the firmer side after Fed Chair Warsh’s relatively hawkish tone and...








