🇺🇸 US Pre-Market: Mostly Positive 📈

The US stock market is showing a predominantly positive trend in pre-market trading, with key mega-caps in the technology sector trading with solid gains, setting an overall risk-on mood.

In the Financials sector, JPMorgan Chase (JPM) is up 0.14%, while Bank of America (BAC) is up 0.10%.

In the Information Technology sector, Microsoft (MSFT) is up 9.09%, while Broadcom (AVGO) is up 2.48%.

In the Health Care sector, Johnson & Johnson (JNJ) is down 2.11%, while Merck (MRK) is down 1.73%.

The rise among the most highly capitalised technology companies is creating a risk-on environment: investor interest is shifting toward equities, demand for the dollar as a safe-haven asset is subdued, and in the short term, USD performance against major currencies remains neutral with a slight bias toward weakness.

Qualcomm Wave Analysis – 30 July 2026

- Qualcomm falling inside impulse wave iii

- Likely to test support level 140.00

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S&P 500 Wave Analysis – 30 July 2026

S&P 500: ⬆️ Buy

- S&P 500 reversed from support zone

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Filecoin Wave Analysis – 30 July 2026

- Filecoin reversed from support zone

- Likely to rise to resistance level 0.754

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⚠️ Japan — Overnight Call Rate at 03:00 GMT

✔️ Prev: 1.00%

🕒 Exp: 1.00%

🎯 Fact.: 1.00%

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🗓 Economic Calendar at 2026/08/01 (GMT)

09:00 🇪🇺 Consumer Price Index — Exp: 2.9% Actual: 2.9%

09:00 🇪🇺 Consumer Price Index - Core — Exp: 2.4% Actual: 2.5%

12:30 🇨🇦 ⚡️ Gross Domestic Product — Exp: 0.2% Actual: 0.3% | 1.7%

14:00 🇺🇸 UoM Consumer Sentiment — Exp: 54.4 Actual: 55.2


[Updated in real time]

⚠️ Japan — BOJ Press Conference at 06:30 GMT

The crypto market is on the defensive

The crypto market capitalisation has retreated to levels seen at the start of the week, near $2.17T, having failed to mount a sustained rally. The market remains cautious, trading just above its 50-day moving average, which has served as support since the second half of July. Among the popular coins, the top performers over the last day were Uniswap (+8.7%), Filecoin (+4.6%) and VeChain (+4.4%). Notably, Uniswap, with a 60% rise, leads the gains over the last 30 days. The worst performers were Cosmos (-4.2%), Zcash (-3.4%) and Basic Attention Token (-3%). Cosmos has lost 18% over the month, hitting a multi-year low of $1.23 amid high trading volumes and coming relatively close to its all-time low of $1.13, recorded at the market bottom in March 2020.

Bitcoin found support late on Thursday, but its rally stalled once again upon breaching the $65K level, pushing the price back down to $64K at the start of active trading in Europe. We have repeatedly warned of a prolonged consolidation for the leading cryptocurrency following a decline towards the 200-week moving average, as has been the case in several previous instances. It appears that there is active rotation among holders at these levels, but the price is trading within a narrow range.

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The yen was boosted by intervention.

The US dollar’s main rivals have capitalised on its weakness.

USDJPY recorded its sharpest fall in two years.

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⚠️ Canada — Gross Domestic Product at 03:00 GMT

✔️ Prev: 0.6% | 1.1%

🕒 Exp: 0.2%

🎯 Fact.: 0.3% 📈 | 1.7%

🇺🇸 US Pre-Market: Mixed 📊

Mixed, moderately positive trends are prevailing in the US stock market pre-market.

In the Information Technology sector, Apple (AAPL) is down 7.90%, NVIDIA (NVDA) is up 0.82%, while Microsoft (MSFT) is down 0.07%.

In the Communication Services sector, Alphabet (GOOGL) is up 1.18%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 10.28%, while in the Consumer Staples sector, Walmart (WMT) is down 0.20%.

The overall picture points to a partial risk-on sentiment: strong gains among select names — notably AMZN and GOOGL — are supporting risk appetite, while declines in AAPL and mixed movements elsewhere are not creating a unified selloff. For the dollar, this sets a neutral rather than safe-haven backdrop, with demand for the US currency as a safe haven limited.

Amazon Wave Analysis – 30 July 2026

- Amazon broke resistance zone

- Likely to rise to resistance level 277.50

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USDJPY Wave Analysis – 31 July 2026

- USDJPY broke support zone

- Likely to fall to support level 157.00

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DAX Wave Analysis – 31 July 2026

- DAX reversed from resistance level 25875.00

- Likely to fall to support level 25300.00

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Dow Jones Wave Analysis – 31 July 2026

Dow Jones: ⬆️ Buy

- Dow Jones index reversed from support zone

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🗓 Economic Calendar at 2026/08/03 (GMT)

01:45 🇨🇳 Markit Manufacturing PMI — Exp: 51.9 Actual: 50.9

06:30 🇨🇭 Consumer Price Index — Exp: -0.1%


[Updated in real time]

▶️ FxPro: What’s Moving Markets Next Week

Stay informed with FxPro’s weekly update and stay ahead of what’s shaping the markets.

Markets are heading into another important week of economic data, with central bank decisions, economic growth and inflation all set to shape expectations for interest rates and global markets. 🌍

Wednesday begins with the latest Federal Reserve interest rate decision. The benchmark rate is expected to remain at 3.75%, but investors will be paying close attention to the accompanying statement and press conference for any clues on the timing of potential rate cuts later this year. 🇺🇸

Attention then shifts to Thursday, when the Bank of England announces its latest interest rate decision. 🇬🇧

Later in the day, the first estimate of US second-quarter GDP will provide fresh insight into the strength of the world’s largest economy and could influence expectations for future Federal Reserve policy. 📈

Friday wraps up the week with the Bank of Japan’s latest monetary policy decision, followed by the Eurozone’s latest inflation report.

Both releases could have a significant impact on currency markets as investors assess the outlook for global interest rates. 🇯🇵🇪🇺

With central bank policy, economic growth and inflation all in focus, currencies, indices and commodities could see increased volatility throughout the week. 👀

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🗓 Economic Calendar at 2026/08/04 (GMT)

08:00 🇪🇺 Manufacturing PMI — Exp: 52.0 Actual: 51.9

14:00 🇺🇸 ⚡️ ISM Manufacturing PMI — Exp: 54.0 Actual: 55.6


[Updated in real time]