EURUSD Breakout, Oracle, and Adobe: Key Assets to Watch This Week

The upcoming week is expected to be eventful for several key assets as major events unfold. The EURUSD, Oracle, and Adobe are among the assets to watch closely.

EURUSD, the world's most popular FX pair, is poised to experience significant volatility due to two crucial events: the ECB rate decision on Thursday and the US inflation report on Friday. Markets expect a 25 basis point hike by the ECB, but it's the signal on future moves that will matter more. Economists surveyed by Bloomberg predict this to be the last hike, while markets are pricing in three hikes by July 2027.

Oracle is set to release its Q1 FY2027 earnings on Thursday after the US market closes. The company's stocks have been down 18.5% year-to-date and are expected to move up or down by 10.6%. Oracle's AI infrastructure spending, debt burden, and cloud revenue growth will be key areas of focus.

Adobe, another software giant, is also releasing its Q3 FY2026 earnings on Thursday after the US market closes. Its shares have been down 23.8% year-to-date but have rebounded since mid-June. The company's new CEO and guidance on annual recurring revenue (ARR) will be closely watched.

Bloomberg's FX model forecasts a 79% chance that EURUSD will trade between 1.1530 and 1.1710 this week. Potential scenarios for EURUSD include a breakout above the recent cycle high if the ECB hikes and signals openness to further rate hikes, or a break below its 100-day SMA if the ECB pauses in this cycle.