Feds Bullard comments, which is a voting member in 2022, caused some volatility on USD and stock markets. Bullard said that he favors a 100 basis point increase by July 1 and would prefer 50 BPs in March but will defer to Powell. In his opinion Fed balance sheet reduction may require asset sales. As a result EURUSD has already dropped 40 pips from daily highs , US indices are also declining.
EURUSD, H1 interval. Source: xStation5
Daily Summary: Wall Street Regains Ground; Another Intervention in the Yen Market❓
Three Markets to Watch Next Week (July 31, 2026)
Market Wrap: European equities at 3-week highs! Apple dips in US premarket!
Chart of the Day: EURUSD after the Fed meeting. The market scales back rate hike expectations