Pre-New York Briefing

USD data and Fed speaker risk in the overlap

Window 12:00–17:00 UKMonday, 6 July 2026Published Monday, 6 July 2026

The main event for your markets is the 15:00 USD ISM Services PMI, followed by Fed Waller at 16:00. BRL, ILS and CAD events are on the calendar, but they are secondary for EUR/USD, GBP/USD, USD/JPY and XAU/USD unless they create wider market movement. Let the first reaction settle before using H1 or H4 confirmation.

Key events in this window

Time (UK)	Currency	Event	Impact	Why it matters
12:30	BRL	BCB Focus Market Readout	Medium	Usually more relevant to BRL markets than to EUR/USD, GBP/USD, USD/JPY or XAU/USD.
14:00	ILS	Interest Rate Decision	Medium	This matters for ILS exposure but is normally limited for major USD pairs unless wider risk sentiment shifts.
15:00	USD	ISM Services PMI	High	This is the main release for USD pairs and gold because it can change views on US growth and rate expectations.
15:30	CAD	BoC Business Outlook Survey	Medium	This can move CAD and may add North American market noise after the USD release.
15:30	CAD	BoC Survey of Consumer Expectations	Medium	This can affect CAD pricing through inflation and spending expectations, but it is secondary for the listed majors.
16:00	USD	Fed Waller Speech	Medium	Fed comments can move USD and gold if they alter rate expectations or challenge the earlier data reaction.

12:30BRLMedium
BCB Focus Market Readout
Usually more relevant to BRL markets than to EUR/USD, GBP/USD, USD/JPY or XAU/USD.
14:00ILSMedium
Interest Rate Decision
This matters for ILS exposure but is normally limited for major USD pairs unless wider risk sentiment shifts.
15:00USDHigh
ISM Services PMI
This is the main release for USD pairs and gold because it can change views on US growth and rate expectations.
15:30CADMedium
BoC Business Outlook Survey
This can move CAD and may add North American market noise after the USD release.
15:30CADMedium
BoC Survey of Consumer Expectations
This can affect CAD pricing through inflation and spending expectations, but it is secondary for the listed majors.
16:00USDMedium
Fed Waller Speech
Fed comments can move USD and gold if they alter rate expectations or challenge the earlier data reaction.

Watch out for

15:00 USD ISM Services PMI is the main execution-risk point for EUR/USD, GBP/USD, USD/JPY and XAU/USD.
Check whether the post-ISM move holds after the first reaction before treating it as continuation.
16:00 Fed Waller comments can reset USD tone after the data; avoid chasing unclear moves into the speech.
Use H1 confirmation around known levels rather than trading the headline alone.

Can safely ignore

BRL Focus Market Readout unless you trade BRL pairs.
ILS Interest Rate Decision unless you have direct shekel exposure.
CAD surveys if you are not trading CAD crosses; keep focus on USD confirmation.

Risk windows

12:25-12:40 · BRLBCB Focus Market Readout
13:55-14:15 · ILSInterest Rate Decision
14:55-15:20 · USDISM Services PMI
15:25-15:45 · CADBoC Business Outlook Survey
15:25-15:45 · CADBoC Survey of Consumer Expectations
15:55-16:20 · USDFed Waller Speech

Educational decision-support content, not financial advice. Always confirm releases against your broker's official times.