Fed Disappointment and Incoming Data: Markets Brace for Another Crucial Session
There’s no time to digest the disappointment over the Fed’s decision (and especially the lack of guidance regarding September’s moves) before a new wave of macroeconomic data and quarterly earnings (from Apple and Amazon) arrives to be interpreted. Another intense day for financial markets, with the latest decisions on tariffs (India and Copper) and doubts about the agreements reached looming in the background. Equities are seen as uncertain, while corporate bonds remain positive.
No significant developments are noted on our macro dashboard. A slowdown in global equities is being recorded, though nothing that currently threatens the upward trend. Notable is the recovery of oil versus gold and the drop of the Gold-to-Dollar ratio below its 50-day moving average.
On the macro front, the day kicks off with the Bank of Japan’s decision and data on the Chinese economy. Also of great interest are the inflation figures in Germany and the PCE price trends in the U.S. (along with June’s personal spending data).
Another important day for earnings season. Today, among others, Apple, Amazon, and Mastercard are reporting.
Our forecasting models indicate an uncertain day for equity markets, with few clearly positive signals in either the U.S. or Europe. The commodities index remains positive, although copper shows signs of a wait-and-see approach and gold is trending negatively. On the currency front, there are positive signals for the dollar. The bond and volatility markets appear stable.
Already a subscriber? Login here
NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 31 July 2025 - 7:21 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
