On Thursday, investors will once again find themselves under pressure from the turmoil of the Middle East conflict, as the Israeli front in Lebanon stirs controversy in light of the ceasefire reached with Iran. The Israeli Prime Minister is under pressure regarding "unfulfilled promises" of Iranian regime change, suggesting that the atmosphere of peace talks may be far from calm.
Due to the dynamic situation in the Middle East, today's U.S. macroeconomic data may have a smaller impact on the market than usual. Reports on February's PCE inflation and consumer spending are seen as outdated, as they do not reflect current oil prices exceeding $90 per barrel. Nevertheless, an unexpectedly higher core PCE inflation reading—staying above 3.1%—could significantly strengthen the dollar.
In Poland, attention is focused on the Monetary Policy Council (RPP). The market expects interest rates to remain unchanged at 3.75%. During the NBP Governor's press conference, a cautious and data-depedant tone is expected
All times CET. Source: xStation5
Silver breaks above $59 and attracts capital again. Gold remains in the shadow of its younger sibling
Healy makes first move as Chancellor, but bond market not impressed
Economic calendar: Strong reading from the UK labour market, German ZEW in focus
Chart of the day 🔼Nasdaq gains 1.2% as semiconductors rebound (21.07.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
