Forex Morning Briefing — 29 July 2026

Before the day's releases hit, here is the state of play across the majors. EUR/USD ticked up to 1.1397 (+0.24%), while AUD/USD retreated at 0.6957 (-0.43%).

Market snapshot

• EUR/USD 1.1397 (+0.24%)
• GBP/USD 1.3298 (+0.06%)
• USD/JPY 163.48 (-0.18%)
• AUD/USD 0.6957 (-0.43%)
• USD/ZAR 16.71 (-0.42%)
• Gold (XAU/USD) 4,041 (+0.12%)

What's moving markets

• Euro edges higher against US Dollar, focus is on Fed’s policy *(FXStreet)*
• Japanese Yen: Fed and energy drivers outweigh BoJ – ING *(FXStreet)*
• South Korean Won nears four-month highs despite the KOSPI index selloff *(FXStreet)*
• WTI Price Forecast: Likely revisit 50-day high above $92 on renewed US-Iran attacks *(FXStreet)*
• German import prices fell in June due to drop in energy prices *(ForexLive)*

On today's calendar

• Wed 18:00 UTC — USD Federal Funds Rate (high impact) — forecast 3.75%, previous 3.75%
• Wed 18:00 UTC — USD FOMC Statement (high impact)
• Wed 18:30 UTC — USD FOMC Press Conference (high impact)

Tip of the day: The reset time matters more than you think

A "daily" loss limit means nothing until you know when the day resets — server midnight, CET, or New York close. Mismatched reset clocks breach challenges.

Planning trades around today's events? The prop firm calculator shows how much risk per trade your daily limit actually allows.

*This briefing is generated from live market data and public news feeds for information only. It is not investment advice. Trading forex and CFDs carries a high risk of loss — read our risk disclosure.*