⚠️ Canada — Consumer Price Index at 03:00 GMT

✔️ Prev: 1.0% | 3.2%

🕒 Exp: -0.2% | 2.9%

🎯 Fact.: -0.4% 📉 | 2.8% 📉

Stock market: rotation is gathering pace

The S&P 500 was spooked by Kimi K3, just as it had been by DeepSeek in the past.

Investors have turned their backs on the Magnificent Seven and are on the hunt for new stars.

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🇺🇸 US Pre-Market: Mixed 📊

Pre-market trading on the US stock market is showing mixed trends, with a slight positive bias: heavyweight technology companies are trading with moderate gains on average, while some sectors are seeing localised profit-taking.

In the Information Technology sector, NVIDIA (NVDA) is up 1.49%, while Broadcom (AVGO) is up 1.69%.

In the Financials sector, JPMorgan Chase (JPM) is up 0.10%, while Goldman Sachs (GS) is up 0.73%.

In the Consumer Discretionary sector, Amazon (AMZN) is up 0.23%, while in the Consumer Staples sector, Walmart (WMT) is down 0.56%.

Given the performance of the largest companies by market cap, the market remains in moderate risk-on mode: risk appetite persists, but without marked euphoria. This creates a neutral backdrop for the dollar: interest in safe-haven dollar assets is limited, with no signs yet of significant selling pressure from global investors.

▶️ Oil. Current Situation

Join Roman Pavelko for a quick update on the biggest developments driving the oil market this week. From supply and demand to geopolitical risks and price outlooks, here's what every trader should know in under 60 seconds.

📈 Stay ahead of the markets with daily insights from FxPro.

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EURUSD Wave Analysis – 20 July 2026

- EURUSD reversed from resistance level 1.1465

- Likely to fall to support level 1.1370

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Disney Wave Analysis – 20 July 2026

- Disney reversed from the round resistance level 100.

- Likely to fall to support level 95.00

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⚠️ New Zealand — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.9% | 3.1%

🕒 Exp: 1.4% | 4.0%

🎯 Fact.: 1.5% 📈 | 4.1% 📈

🗓 Economic Calendar at 2026/07/22 (GMT)

09:00 🇩🇪 ZEW Economic Sentiment — Exp: 18.0 Actual: 26.3

09:00 🇩🇪 ZEW Survey (Current Situation) — Exp: -77.8 Actual: -77.6

09:00 🇪🇺 ZEW Economic Sentiment — Exp: 11.5 Actual: 23.4

06:00 🇬🇧 ⚡️ Consumer Price Index — Exp: 0.1% | 2.7%

06:00 🇬🇧 Core CPI — Exp: 2.5%

06:00 🇬🇧 Retail Price Index — Exp: | 3.0%

06:00 🇬🇧 Producer Price Index Input — Exp: 0.2%


[Updated in real time]

Bitcoin has broken through $66K and is surging higher

The crypto market capitalisation has risen to $2.25T, gaining 2.7% over the past 24 hours and climbing to levels last seen over a month ago. This is a promising attempt to resume growth following a period of consolidation, and it is worth closely monitoring market dynamics near the previous local highs of $2.27T, as a sustained upward trend would pave the way for May’s $2.70T highs. Among the most actively traded coins, the top performers over the past day were Cardano (+9%), Uniswap (+8.7%) and Polkadot (+6.9%). The worst-performing coins are also in positive territory, albeit more modestly: Tron +0.1%, Litecoin and Dash both up 1.7%.

Bitcoin has gained 3% over the past day, trading above $66K and approaching the highs seen in the first half of May. At current levels, the leading cryptocurrency is attempting to break out from below a former strong support level that acted as resistance last month. Slightly higher, approaching $68K, lies the 61.8% retracement zone from the May–June sell-off. The ability to consolidate above this level would be a further confirmatory signal of an upside trend reversal.

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Crude Oil: no room for error

The Saudi Arabian export stop is a worry for the oil market.

Rising Brent prices are increasing the chances of Fed rate hikes, supporting the USD.

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Bitcoin Wave Analysis – 20 July 2026

- Bitcoin broke resistance level 65500.00

- Likely to rise to resistance level 70000.00

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Platinum Wave Analysis – 21 July 2026

- Platinum reversed from key support level 1555.00

- Likely to rise to resistance level 1680.00

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Nasdaq-100 Wave Analysis – 21 July 2026

- Nasdaq-100 reversed from support zone

- Likely to rise to resistance level 29815.00

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Nikkei 225 Wave Analysis – 21 July 2026

Nikkei 225: ⬆️ Buy

- Nikkei 225 reversed from support level 63340.00

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🇺🇸 US Pre-Market: Mixed 📊

The US stock market is seeing mixed pre-market trading, with a slight upward bias among the largest names, setting a cautiously positive tone.

In the Information Technology sector, NVIDIA (NVDA) is up 1.22%, Advanced Micro Devices (AMD) is up 3.78%, while Microsoft (MSFT) is down 1.07%.

In the Communication Services sector, Alphabet (GOOGL) is down 0.34%.

In the Consumer Discretionary sector, Tesla (TSLA) is up 0.48%, while Amazon (AMZN) is down 0.19%.

Moderate gains among major technology firms and select consumer companies are creating a moderate risk-on environment: interest in risk assets remains, but without marked euphoria. In this environment, the dollar is largely neutral, with demand for safe-haven dollar instruments limited.

▶️ Pro News Flash: Bitcoin Finds New Momentum

₿ Bitcoin has climbed to a five-week high as optimism surrounding a potential Middle East ceasefire and the approaching US Clarity Act boost confidence across the crypto market. Growing ETF inflows are encouraging investors to believe the recent correction may have reached its bottom.

📈 Bitcoin-focused ETFs have attracted fresh capital for a second consecutive week despite geopolitical volatility. Investors continue to monitor developments in the Middle East closely, as higher oil prices could reignite inflation and force the Federal Reserve to keep interest rates higher for longer.

💻 Capital is beginning to rotate away from technology stocks and into cryptocurrencies. Concerns over whether massive AI investments will deliver expected returns, combined with growing competition from Chinese artificial intelligence firms, have weighed on Big Tech and improved Bitcoin's relative appeal.

📊 Bitcoin's long-standing relationship with US equities is beginning to weaken as ETF flows become a more important driver of price action. At the same time, Goldman Sachs reports hedge funds have been selling US technology stocks at a record pace, suggesting capital is increasingly shifting toward alternative assets.

⚠️ While geopolitical risks and monetary policy remain key challenges, improving ETF demand and a rotation away from technology stocks are providing fresh support for Bitcoin, leaving investors closely watching whether the latest rally has further room to run.

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🗓 Economic Calendar at 2026/07/23 (GMT)

14:30 🇺🇸 Crude Oil Inventories — Exp: -2000K Actual: 2010K

19:00 🇺🇸 President Donald Trump Speaks

01:30 🇦🇺 ⚡️ Employment Change — Exp: 15.0K Actual: 76.3K

01:30 🇦🇺 ⚡️ Unemployment Rate — Exp: 4.4% Actual: 4.4%

01:30 🇦🇺 Part-Time Employment Change Actual: 29.3K | 47.0K


[Updated in real time]

⚠️ UK — Consumer Price Index at 03:00 GMT

✔️ Prev: 0.2% | 2.8%

🕒 Exp: 0.1% | 2.7%

🎯 Fact.: 0.1% | 2.6% 📉

Bitcoin is taking another breather after a slight rise

The crypto market capitalisation has risen by a further 0.8% over the past 24 hours to $2.25T. Once again, cryptocurrencies are taking a breather after a slight upward surge, but this time they are moving higher in tandem with commodity assets despite a stronger dollar. This is an unstable combination, and we should closely monitor which trend proves more resilient: a rising dollar or a flight from fiat assets.

Bitcoin touched the region of its June highs near $67K before pulling back. Strictly speaking, the uptrend that began in early July remains intact, with a steady series of new confirmations of an upside reversal, though this process is accompanied by minor pullbacks, which is a healthy development. In our view, the rally will gain momentum if the price firmly consolidates above $68K, where several of this year’s key levels cluster. In the event of a downward reversal, a pullback to $64K could be fairly mild, but beyond that, sellers may encounter strong support.

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