Tuesday 23rd July: Dollar index remains buoyed above 97.00; weekly resistance eyed at 97.72.
Key risk events today: Limited. EUR/USD: Europe’s shared currency and the US dollar traded flat Monday, as traders look ahead to the ECB on Thursday.
Markets
Trade of the Day: NZD/JPY
By: Dima Chernovolov NZD/JPY continues to rise inside the clear daily Up Channel chart pattern which was identified earlier identified by Autochartist.
Monday 22nd July: Weekly technical outlook and review.
Key risk events today:
BoJ Gov.
DELKOS BREAKING NEWS: 83.33% probability that GBPUSD will trend down for the next few hours.
The latest US Michigan Consumer Sentiment Prel number has been released as 98.4.
DELKOS 83.33% probability that NZDUSD will trend down on Friday 19 Jul at 02:00 PM GMT if the US Michigan Consumer Sentiment Prel number is greater than 98.5.
This Friday 19 Jul at 02:00 PM GMT the latest US Michigan Consumer Sentiment Prel number will be released.
Trade of the Day: EUR/CHF
By: Dima Chernovolov
EUR/CHF continues to fall inside the clear hourly Down Channel chart pattern which was identified earlier identified by Autochartist.
Friday 19th July: Greenback exploring ground beneath 97.00 as Federal Reserve member Williams surprised markets.
Key risk events today:
UK Public Sector Net Borrowing; Canadian Core Retail Sales m/m and Retail Sales m/m; US Prelim UoM Consumer Sentiment; FOMC Members Bullard Rosengren Speak.
DELKOS BREAKING NEWS: 71.42% probability that AUDUSD will trend down for the next few hours.
The latest JP Inflation Rate YoY number has been released as 0.7%.
DELKOS 71.42% probability that GBPUSD will trend up on Thursday 18 Jul at 11:30 PM GMT if the JP Inflation Rate YoY number is equal to 0.7%.
This Thursday 18 Jul at 11:30 PM GMT the latest JP Inflation Rate YoY number will be released.
DELKOS BREAKING NEWS: 85.71% probability that EURUSD will trend up for the next few hours.
The latest US Continuing Jobless Claims number has been released as 1,686K.