July 2018

The US Federal Reserve will announce its latest rate decision on Wednesday at 18:00 GMT when the Federal Open Market Committee (FOMC) concludes a two-day policy meeting. After the move in June when the Fed lifted rates to a range of…

New Zealand will be on the receiving end of employment and wage growth data for Q2 during the Asian trading session on Wednesday (Tuesday 22:45 GMT). Economists’ forecasts suggest the nation’s labor market remained strong, and wage…

GBP/USD has eased a bit after its downfall from the 1.4375 resistance barrier, finding support at the 10-month low of 1.2960 on July 19. Since the previous week the price is trading slightly higher, however, it remains below the mid-level…

Data on US personal income and spending is not anticipated to attract the usual level of attention on Tuesday (due at 12:30 GMT) as the June figures were already incorporated in last week’s robust GDP stats. The focus will therefore be on…

The Bank of Japan (BoJ) will announce its monetary policy decision during the Asian trading session on Tuesday. The yen has gained lately on speculation the Bank may alter its policy in a more hawkish direction. That said, the BoJ still…

The Eurozone will see the release of its preliminary inflation data for July, as well as the first look at GDP for Q2, both on Tuesday at 9h00 GMT. Forecasts are pointing to largely unchanged inflationary pressures and economic growth,…

EUR/USD has been remaining below the strong resistance obstacle of the 23.6% Fibonacci retracement level near 1.1760 of the downleg from 1.2550 to 1.1510, since June 14. Moreover, the EUR/USD pair trades around the 20- and 40-simple moving…

EUR/JPY started an aggressive bearish rally today after it reached a two-month high of 131.97 on Tuesday. The sharp sell-off creates a new structure of downward correction in the pair as it also fell below the 20-day simple moving average…

China will publish second quarter growth figures next week, putting the focus on China’s economy which has been under attack by the Trump administration. Inflation numbers from Canada, Japan, New Zealand and the United Kingdom will also…