Today, the focus is on rising unemployment in Spain, Boeing’s quarterly report, and Tesla’s decision to build a new plant.
The updated June US Pending Sales Index will be released. An increase of 15% is expected. If the real data turns out to be higher, USD may rise.
Assets for trading: EUR/USD, USD/CHF, USD/CAD.
The weekly report on US crude oil inventories will be submitted. The indicator is forecast to decline by 2.088 million barrels. If the final data turn out to be above zero, this will have a negative impact on the behavior of Brent oil quotes.
Assets for trading: Brent, Exxon Mobil.
The US Federal Reserve will decide on the interest rate. Now at 0.25%, experts don’t expect it to change. Nevertheless, the event may cause an increase in the volatility of both foreign exchange and equity assets.
Assets for trading: EUR/USD, S&P 500, Gold.
Boeing’s quarterly financials will be released prior to trading. Affects Boeing
Goldman Sachs raises its forecast for gold growth to $2300 per ounce. Affects Gold
American Democrats are proposing a new $3.5 trillion stimulus package. Affects the S&P 500
Unemployment in Spain rose from 14.41% to 15.33%. Affects EUR
Elon Musk announced the construction of a new Tesla plant in Texas. Affects Tesla
Elon Musk announced the construction of a new plant in the United States. The facility will operate in Texas. The plant is said to focus on the production of Cyber Truck, Model 3 and Model Y.
Against this background, the company’s shares may continue to rise. The first target is level 1642, then 1800.
The asset price will reverse the trend as the chart reached the resistance level of 1.07500.
The currency pair is one step away from reaching the strong support level of 104.800. Most likely, the activity of the bulls will increase from the indicated mark.
- Since 2000, July 29th has been a trading day 13 times.
- On 69% of those days, the asset finished trading with growth.
- The maximum strengthening range was 0.71%.
- The downward trend was limited to 3.05%.