Weekly Analysis July 20th-24th

FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by out market experts each and every week!

Trading on margin products involves a high level of risk

With a new week comes new market opportunities. Here’s a recap of what you may have missed, as well as some highlights of the week ahead of us:

Catching you up on last week:

Netflix 📺 added another 10.2 million new subscribers in the previous quarter; PepsiCo beat both revenue and earnings expectations, and big banks’ financials were trickling in throughout the week

•US Jobless Claims fell short, reporting 50k more claims than forecasted, but Retail Sales and the Philly Fed Index came in better than expected this week. 📊 Across the pond, the UK’s claimant count change came in at -28.1k from a 250k forecast.

•Oil inventories fell by nearly 7.5 million barrels this week 🛢️

This week, keep an eye on:

•Microsoft, Amazon, and Tesla are just a few among hundreds expected to post earnings in the week ahead

•On the US front, New and Existing Home Sales are in the spotlight, but we’ll continue to follow the jobless claims and oil inventories for a wider picture of the economy’s direction

•Preliminary PMI data is due out of the UK and US later in the week

What else is happening in the news… 🔎

These are just some of the stories we think are worth reading

🏰 The happiest place on earth reopens and 15,000 new cases of COVID-19 are recorded in one day in Florida — a new record. Read more here.

🚧 The BBC says the UK’s jobless data isn’t painting an accurate picture of the real effect of the pandemic on the job market. Read more here.

🔓 Bill Gates, Obama, and others were hacked on Twitter. CNN dives into why this data breach matters. Read more here.

💰 The Fed announced Thursday that they bought $12 million in loans in a day. Read more here.

Save The Date(s)

Here are the reports, meetings and other fundamentals to follow this week

July 20th 01:30 PBoC Loan Prime Rate CNY
July 21st 01:30 RBA Meeting Minutes AUD
July 22nd 14:00 Existing Home Sales USD
July 24th 06:00 Retail Sales GBP
July 24th 14:00 New Home Sales USD

*The above times are in GMT

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Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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