GBPUSD

As the last week of July approaches in global markets, investors will look for clues regarding potential changes in the policy interest rate and the timing of rate cuts from the FOMC statement and Fed Chairman Powell's speech. The Fed's inflation indicator PCE, along with Non-Farm Payroll and Unemployment Rate data, may shed light on whether the bank will maintain its cautious stance. This week, news regarding the continuation of the trade agreement process between the U.S. and the EU at a 15% tariff rate is also a key focus for the markets.

The Dollar Index is experiencing volatility in an environment where the balance between buyers and sellers continues. Following the inflation data, the strengthening DXY may come under pressure again with increasing pressure on the Fed. Long-term buyers may continue to show interest in pricing above the 200-month average (95.40), while short-term sellers may prefer pricing above the 34-day average (97.90). Pricing behaviors between 96.75 and 98.45 should be monitored closely.