Both the Fed and the BoE have now held rates, removing the binary event risk that dominated the week; the risk-on overnight tone (Nikkei +4.2%, VIX collapsing sharply) and a modestly softer macro narrative for the dollar lean the pair toward continuation of the intraday uptrend, with the key technical test whether price can sustain above the daily moving average cluster and push toward the upper ATR band.
Edition 2026-07-31 · prediction window to Fri 31 Jul 2026 21:00 UTC (22:00 BST)
Catalyst: Both the FOMC (29 Jul) and BoE (30 Jul) decisions are now confirmed holds, removing the largest binary risks of the week. The single remaining high-impact event for today's session is the US June PCE deflator, expected at approximately 12:30 UTC. The Fed's next scheduled meeting is 15–16 September; the BoE's next is 17 September.
Data: twelvedata
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