EUR/USD may attempt to test the former support zone around the May low (1.0349) as it stages a four-day rally for the first time since March.

The S&P 500 and Nasdaq decline modestly at the start of the new month, ending a three-day winning streak, but this may be a temporary respite ahead of the next leg higher.

The Yen has come back to life as markets digest a recession fears and the FOMC reaching its “neutral range.”

The first week of August sees a typically busy economic calendar, with a global focus after last week’s US-centric offering.

Bitcoin prices have rebounded from the June lows. After two consecutive weeks of gains, USD weakness may support BTC further if risk-on sentiment holds.

U.S. manufacturing activity weakened less than expected in July, but continued to slow down, a sign that the economic outlook is not yet improving.

The Index continued its rally higher from last week as global sentiment improved, while poor German data failed to quell the move higher.

It is another busy week ahead for traders, with several potentially high-impact events that could shift market sentiment and Fed rate hike bets. July closed out with strong gains for risk assets.

USD extends pullback. JPY outperforms, Euro faces topside hurdles. GBP eyes BoE