EURUSD ended after 6 hours rather lower in the latest minutes releases, although on average EURUSD gained, but this is the result of reactions from October, November and January. 
Source: Bloomberg Financial LP
The July minutes following the June decision did not bring volatility to the US500. In contrast, we saw a sizable increase in May, but for the most part the US500 lost during the minutes, including during the first minutes after the publication. 
Source: Bloomberg Financial LP
It is worth remember that we have heavily oversold markets today: the EURUSD and the US500, so there is potential for profit-taking if the minutes are dovish. However, if they point to the need for more hikes, these markets could fall into a further downtrend this week.
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