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)

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...
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US Non-Farm Payrolls (May 2026) – Strong Beat Keeps Labour Market Resilient, But Markets Sell the News

US Non-Farm Payrolls (May 2026) – Strong Beat Keeps Labour Market Resilient, But Markets Sell the News

US Non-Farm Payrolls (May 2026) – Strong Beat Keeps Labour Market Resilient, But Markets Sell the News (As of mid-afternoon, 5 June 2026 – Live Edge Reaction Included)Good afternoon, traders and investors, The US Bureau of Labor Statistics released its May 2026 Employment Situation report this morning (5 June), delivering a significant upside surprise. Total nonfarm payroll employment rose by 172,000 in May, well above the consensus forecast of around 85,000 (with some estimates as low as 70-80k). April’s figure was revised upward to +179,000 from the previously reported +115,000. The three-month average remains respectable at roughly 155-188k. The unemployment rate held steady at 4.3%, in line with expectations. Average hourly earnings rose 0.3% MoM and 3.4% YoY, showing some moderation in wage pressures. Sector Breakdown Gains were led by: Leisure & Hospitality: +70k Local Government: +55k Health Care: +35k Financial activities declined, while manufacturing and construction were largely flat. This underscores a services- and public-sector-driven labour market rather than broad industrial strength. Why the Strong Beat? Economists...
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