u/GTC-Davin

July FOMC Minutes are due today at 2:00 PM ET.
For traders, the key is not the headline itself, but whether the minutes lean hawkish or dovish on inflation, employment and the rate path.
What I’m watching first:
US10Y reaction
DXY direction
XAUUSD support
Nasdaq futures risk tone
A hawkish read could support USD and yields. A dovish read could give gold and risk assets some relief.
What would you watch first after the release?

July Housing Starts and Building Permits are due today at 8:30 AM ET.
This is not just a housing data point. For traders, the first reaction may show up in yields, the dollar, gold and equity futures.
What I’m watching:
US10Y reaction
DXY direction
XAUUSD volatility
S&P futures risk tone
If the print is strong, rate-cut pricing may cool. If it’s weak, the market could lean harder into a Fed easing narrative.
What are you watching first today: yields, dollar, or gold?

Post:
The July FOMC minutes are due this week, and I’m watching whether they shift rate-cut pricing again.

Key things I’m tracking:
DXY: does the dollar front-run a hawkish tone?
US10Y: do yields confirm the move?
XAUUSD: does gold hold support if yields bounce?

What are you watching first this week: dollar, yields, or gold?