Markets will be watching the Fed especially closely for signs of a shift in tone. While the policy rate is likely to remain unchanged, the decision could be split—raising questions about whether Chair Powell and the board are starting to lean toward a September rate cut.
In the video above, I break down the technical outlook for the three major currency pairs: EURUSD, GBPUSD, and USDJPY.
GBPUSD dipped early Tuesday but recovered toward Monday’s closing level. It shows a slight upward bias today, though it slipped modestly heading into the U.S. session and is currently trading marginally higher.
I cover the key technical levels and setups for each pair in the video above
Here’s a summary of the economic data released in Europe this morning
French Flash GDP q/q: 0.3% vs 0.1% forecast, 0.1% previous → BEAT
Swiss KOF Economic Barometer: 101.1 vs 97.9 forecast, 96.3 previous → BEAT
German Prelim GDP q/q: -0.1% vs -0.1% forecast, 0.4% previous → MET
EU Flash GDP q/q: 0.1% vs 0.0% forecast, 0.6% previous → BEAT
Here’s the breakdown:
Building Approvals m/m: 1.8% vs 3.2% previous (no forecast shown, but lower than prior) → SLOWED
On the earning front today, the fireworks will occur after the close when Microsoft and Meta announce earnings. In the premarket the following announced:
Kraft Heinz (KHC) Q2 2025: EPS $0.69 (BEAT; exp. $0.64), Revenue $6.35B (BEAT; exp. $6.25B)
Automatic Data Processing (ADP) Q4 2025:
EPS $2.26 (BEAT; exp. $2.23), Revenue $5.13B (BEAT; exp. $5.04B), EBIT $1.28B (no est. provided)
EPS $1.21 (BEAT; exp. $0.98), Revenue $2.615B (BEAT; exp. $2.52B)
GE Healthcare (GEHC) Q2 2025: EPS $1.06 (BEAT; exp. $0.92), Revenue $4.963B (MISS; exp. $4.96B) (rounding suggests a tiny beat or match depending on source)
Trane Technologies (TT) Q2 2025: EPS $3.88 (BEAT; exp. $3.78), Revenue $5.75B (MET; exp. $5.77B)
Humana (HUM) Q2 2025: EPS $6.27 (BEAT; exp. $5.71), Revenue $32.4B (BEAT; exp. $31.88B)
Electronic Arts (EA) Q1 2026: EPS $0.79 (BEAT; exp. $0.10), Revenue $1.671B (BEAT; exp. $1.24B). Shares are trading up 1.83% in premarket trading
Seagate Technology (STX) Q4 2025: EPS $2.59 (BEAT; exp. $2.42), Revenue $2.44B (BEAT; exp. $2.41B). Shares are trading down -7.0% in premarket trading
Booking Holdings (BKNG) Q2 2025: EPS $55.40 (BEAT; exp. $49.88), Revenue $6.8B (BEAT; exp. $6.54B).. Shares are trading down 1.97% premarket
In addition to the rate decisions, the US GDP will be released at 8:30 AM with expectations of 2.4% versus -0.5% last quarter. The Atlanta Fed estimates 2.8%.
Dow industrial average up 17 pointsS&P index up 7.39 pointsNASDAQ index 43 points
The ADP employment report just released came in higher than expected at 104K versus 75K
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about the usd is mixed to kickstart the fomc decision day 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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