Market updates on July 16

Market updates on July 16

Speech by the BOE Governor Mark Carney – 15:00 MT time

If the governor’s comments regarding monetary policy are hawkish, the British pound will move up.

Speech by the FOMC member Bowman – 15:15 MT time

If the policymaker softens his comments concerning the rate cut, the USD will go up.

US retail sales and core retail sales – 15:30 MT time

The key release for the USD today.  Both headline and core indicators are expected to advance by 0.1%. Higher figures will bring positive momentum for the USD.

Speech by the Fed Chair Powell – 20:00 MT time

Speech by the FOMC member Evans – 22:30 MT time

Pay attention to the hints on the rate cut by the Fed speakers.

  • The New Zealand dollar was supported today by the release of its CPI during the Asian trading session. The indicator came out in line with the forecasts as it advanced by 0.6%. On H4, NZD/USD retested the resistance at 0.6734 but failed to break it. If the USD is supported today, the pair will move lower to the support at 0.6716. The next key support levels lie at 0.67 and 0.6670. From the upside, pay attention to the resistance at 0.6734. If this level is broken, the further rise will be limited by the 0.6748 level. RSI is about to leave the overbought zone and Stochastic indicator formed a crossover. These facts may provide us a short-term selling opportunity.


  • The British pound weakened significantly ahead of the employment data and the speech by the BOE governor. It has tested the ground below the 1.2479 level on H4. The next support in the focus of bears will lie at 1.2439. If the cable reverses, the pair will retest the 1.2520 level. If this resistance is broken, bulls will target the 1.2538 level. Stochastic indicator formed a crossover within the oversold zone.


  • EUR/USD has been consolidating between the 1.1284 and the 1.1236 levels since July 11. Today it has already tested the levels below the 50-period SMA at 1.1249. If the USD is supported today, bears will break the 1.1236 level and target the next support at 1.1220. Key resistance levels for the euro are 1.1263, 1.1274 and 1.1284.



US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Latest news

No More US Debts in Sight
No More US Debts in Sight

The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera