Before boarding his flight to the UK for a work vacation this morning, President Trump made a series of remarks touching on trade, currency policy, and foreign affairs:
On the European Union, he said there’s a “pretty good chance” for a trade deal and suggested the EU “may have to buy down their tariffs.” Discussions with the UK will involve “fine-tuning” a trade deal, though he warned there's “not a lot of wiggle room on steel and aluminum.”
When asked about his conversation with Israeli PM Netanyahu regarding aid drops, Trump acknowledged they spoke but described the conversation as “sort of disappointing” and declined to provide details.
Looking at the EURUSD, it is trading below the 1.1750 level - little changed on the day - after an up-and-down trading session. The pair extended back below its 100 hour moving average in the European session at 1.1736 on its way to a low at 1.1702 into the early US trading day. The decline may have been influenced by option expirations at the 1.1700 level. The price rebounded after getting within two pips of the 1.1700 strike price. The price is closing back above the 100 hour moving average, but only by a few pips as the market moves to neutral ahead of talks between Pres. Trump and EUs Ursula von der Leyen on trade in the United Kingdom this weekend. Trump put the odds of a deal at 50% but also said there were about 20 items to work through.
On the economic calendar today, the U.S. Advanced Durable Goods Report for June 2025 showed a sharp decline, with total orders falling 9.3%, a better result than the expected –10.8% drop. This comes after a massive +16.5% gain in May (revised from +16.4%)—the largest increase since July 2014. The June decline was the worst monthly performance since April 2020, driven largely by a 22.4% plunge in transportation equipment, which accounted for a $32.6 billion drop.
Ex-transportation: +0.2% (vs. +0.1% expected; prior revised up to +0.6%)
Core capital goods (non-defense ex-aircraft): –0.7% (vs. +0.2% expected; prior revised to +2.0%)
Looking ahead, the factory orders report due in a week or so will provide revised figures and further insight into June's manufacturing activity. Traders and policymakers alike will be watching for signs of whether the underlying trend remains stable despite the month’s headline decline.
The final GDPNow estimate will be released on Tuesday, July 29, ahead of the official “advance” Q2 GDP report scheduled for Wednesday, July 30 at 8:30 AM ET. That BEA release will provide the first official look at overall U.S. economic performance in the second quarter and could be a key market mover.
All four major indices posted weekly gains, led by the S&P.
Dow: +208.01 points (+0.47%) at 44,901.92
NASDAQ: +50.36 points (+0.24%) at 21,108.32
Weekly Performance:
S&P 500: +1.46%
Russell 2000: +0.94%
Next week is shaping up to be an absolute tidal wave of market-moving events— the biggest of the quarter. At the center of it all is the FOMC rate decision on Wednesday at 2 PM ET, followed by Fed Chair Powell’s press conference at 2:30 PM. While no rate change is expected, the tone of the Fed and Powell’s guidance will be closely scrutinized. Later in the week on Friday, U.S. employment report, which includes nonfarm payrolls, the unemployment rate, and average hourly earnings will be released and analyzed. These releases could shape expectations for rate policy into the fall. Also important:
Q2 Advance GDP on Wednesday morning (estimated +2.5%), Core PCE inflation on Thursday, and ISM Manufacturing PMI on Friday.On the earnings front, it’s a blockbuster lineup featuring four of the Magnificent 7—Meta, Microsoft, Apple, and Amazon—alongside household names like UnitedHealth, Boeing, Merck, Visa, Starbucks, MasterCard, ExxonMobil, and Chevron. The calendar kicks off Monday with Waste Management, then accelerates into a high-stakes earnings gauntlet through Friday. Whether it’s big tech, big oil, healthcare, or consumer staples—no sector is left untouched. With this dense mix of macro and micro catalysts, next week will test markets on every front: rates, inflation, labor, growth, and corporate profitability. Buckle up.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 25 jul the dollar moves higher ahead of a busy week was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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