Week ahead July 18th – 22nd

欧元/美元的基本面和技术面

Pair closed last week’s trading session lower on renew US Dollar’s strength. The US dollar continues to gather strength as investors and traders are bracing for a 1% rate hike on the next FOMC. The better than expected economic releases last week boosted demand for US Dollar and this weighted negative on the pair. The pair attempted to break below parity, although some profit taking on short positions and stop losses on the long positions reversed the pair on the upside and retested 1.0100

As for this week market participants will mainly focus on the ECB’s rate decision, due to be released on Thursday. 0.25% rate hike is expected at this meeting. Traders and investors will be standby for this meeting and waiting to listen if the central bank will reverse their conservative policy and become more hawkish on an effort to stabilize EUR/USD exchange rate and fight inflation. The lack of any heavy economic release from the US will help the pair recover some lost ground, unless if, ECB will failed to deliver a more hawkish release.

在经济日历上，我们有周二，欧洲HICP，预计保持在3.7%不变 周三，德国生产者价格指数预计在1%降低。欧洲消费者信心指数走低，为-25。周四，欧洲央行利率决议，预计在新闻发布会后确认加息0.25%。周五，德国综合PMI预计低于50.1，制造业PMI低于50.6，欧洲服务业PMI低于51，稍后在美国，综合PMI预计低于51.7，制造业PMI低于52.5，服务业PMI低于52.1。

Technically the picture is negative after last week’s closed lower and registering a 20 year lower level.  In this week’s trading session if pair breaks below 1.0000 will accelerate losses down to 0.9900. If pair manage to recover and close above (23.6%) could change the picture back to neutral and test next level of 1.0530 (38.2%). Our traders are net 100% long with positions opened between 1.1350 to 1.0000 targeting profits above 1.1350 we are expecting more aggressive long positions on the way down. Alternative if pair continues trading on the upside, we are expecting short sellers to appear around 1.0530 (38.2%)

英镑/美元的基本面和技术面

Pair closed last week’s trading session lower on stronger US Dollar. The better than expected economic releases in the US, boosted the demand for US Dollar as investors and traders are bracing for a 1% rate hike on the next FOMC. Pair managed to recover some lost ground by the end of the week after some short sellers took profit and long positions hit stop losses.

至于本周，市场参与者将关注英国沉重的经济日历。所有的目光将集中在英国的通货膨胀数字上。美国没有任何高影响力的经济数据发布，这将给该货币对带来收复失地的机会。

在经济日历上，我们有周二，英国ILO失业率将保持在3.8%不变，周三，消费者价格指数预计在9.3%，零售价格指数在12.8%，周五Gfk消费者信心降低在-42，零售销售降低在-5.3%，服务业PMI降低在53.2。稍后在美国，综合PMI预计降低在51.7，制造业PMI降低在52.5，服务业PMI降低在52.1。

Technically the pair is negative after last week’s close on new lower level seen back in BREXIT fever. In this week’s trading session if pair manages to recover on the upside, we are expecting to test 1.2210 (23.6%) Alternatively if pair continues on the downside and break below 0% could accelerate losses down to 1.1700 Our traders are net long 100% with positions opened between 1.3412 to 1.1950 targeting profits above 1.3400 We are expecting more aggressive buyers on the way down and short sellers to appear around 1.2625

更详细的经济日历事件，请访问我们的实时经济日历。 

http://tentrade.com/economic-calendar/

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