Daily Market Overview - July 21, 2026

Today's trading day in the financial markets begins with significant attention focused on the release of data from the United Kingdom regarding the Claimant Count Change, which will be announced at 6:00 (Warsaw time). Forecasts indicate a value of 29.4K, representing a slight decrease compared to the previous value of 31.2K. A result below the forecast could suggest an improvement in the UK labor market, which might lead to a strengthening of the British pound in the short term.

At the beginning of the week, we encountered disappointing inflation data from Canada, where both the CPI m/m and Trimmed CPI y/y were below expectations. This surprise introduced additional uncertainty into the markets, which were already under pressure from concerns about global inflation. The current market sentiment, as indicated by the Fear & Greed index at 38, reflects a persistent level of fear, mirroring investors' caution in the face of macroeconomic turbulence.

Traders should pay special attention to the release of data from the United Kingdom at 6:00 (Warsaw time), as it may bring significant volatility to the forex market, especially in the GBP/USD pair. In the coming days, it is also worth monitoring the upcoming inflation reports from the UK and Thursday's data from Australia regarding employment change and the unemployment rate, which could further impact market sentiment.

The current market sentiment is stable but still in a state of fear, as evidenced by the Fear & Greed Index, which remains at 38. This indicates that investors are still cautious, which may result in a lower willingness to take risks in the markets. In light of the recent inflation data from Canada, which was lower than expected, investors may anticipate similar surprises in upcoming reports, increasing uncertainty in the markets.