Markets stay relatively quiet to begin the last trading day of July. The USconsolidates the previous week's gains above 101.50 and US stock index futures trade flat following the risk rally seen on Friday. Gross Domestic Product and Harmonized Index of Consumer Price data from the Euro area will be watched closely as investors try to figure out whether the European Central Bank will pause the tightening cycle in September.
Following Friday's volatile action that was fuelled by the Bank of Japan's unexpected decision to introduce flexibility into the yield curve control strategy, If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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