Today, the focus is on the incredible growth in net income of Morgan Stanley, the decision of the ECB, as well as the growth of retail sales in the United States.
In the United States, retail sales are growing. Affects USD
The European Central Bank again kept the interest rate at the same level. Affects EUR
Morgan Stanley reported 45% growth in net income. Influences Morgan Stanley
The ECB has reduced the volume of purchases of bonds in the Euro zone. Affects EUR
Johnson & Johnson is raising its net income projection for this year after publishing positive quarterly numbers. Affects Johnson & Johnson
A report on the number of building permits issued in the United States will be published. Forecasted value: 1.29 million. If real data turn out to be higher, the USD may strengthen.
The growth of retail sales in the United States immediately by 7.5% against the forecast of 5% speaks of the restoration of consumer confidence. However, local outbreaks of COVID-19 may still continue.
Nevertheless, the American currency is beginning to show growth in the entire foreign exchange market. The USD/CHF chart has already broken the bearish trendline.
A reversal pin-bar has formed on the AUD/CAD daily candlestick, which may indicate an imminent decline in the pair’s quotes.
Fibonacci levels indicate a possible stop of the uptrend around 1.08200.
EUR/CHF on this day in history
- Since 2000, July 17th has been a trading day 14 times.
- On 21% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.44%.
- The downward trend was limited to 0.49%.