USA, Jobless Claims:
- Actual: 216k. Expectations 233.5k; Previously 228k
Labor costs:
- Productivity for Q2 (final): 3.5% (expected: 3.4%; previously: 3.7%)
- Labor costs for Q2 (final): 2.2% (expected: 1.9%; previously: 1.6%)
Jobless claims came in much below expectations, reaching the lowest level in a couple of months. EURUSD ticked lower after the publication, as investors priced in a higher probability of a Fed interest rate hike.

source: xStation 5
Economic calendar: Strong reading from the UK labour market, German ZEW in focus
Morning wrap: Indices Look for a Rebound Amid the U.S.-Iran Conflict (21.07.2026)
Daily Summary: China Shows Its Teeth on AI; The U.K. Sees a Government Revolution 🏛️
Market Wrap: Airlines Under Pressure, Europe Resists Expensive Oil