Market updates on July 18

Market updates on July 18

Key events ahead

  1. British retail sales– 11:30 MT time (9:30 GMT)
  2. Speech by the FOMC member Williams – 21:15 MT time (18:15 GMT)
  3. Rate Statement by the South African Reserve bank – 16:00 MT time (13:00 GMT)
  • The European trading session started positively for the British pound. GBP/USD has risen on comments by Michel Barnier. He noted that the EU is ready to work on alternative arrangements for the Irish border. On H4, the cable is moving towards the resistance at 1.2477. If this level is broken, the next key resistance will be placed at 1.2504. From the downside, keep an eye on the support levels at 1.2422, 1.2399 and 1.2381.


  • As the USD got weaker, the gold was supported yesterday. After the test of the $1,427 level, the yellow metal fell to the support at $1,421. The next support for gold will lie at $1,412. However, the uncertainty around the Fed decision on the rate cut continues, as a result, we may see the yellow metal retesting the $1,427 level with the following breakout and rise to the $1,433 level.


  • USD/ZAR is awaiting the decision by the South African Reserve bank scheduled at 16:00 MT. According to analysts, we will see a rate cut today. In this case, the pair will break the resistance at 50-period SMA (14.0202) on H4 and target the next one at 100-period SMA at 14.0785. If the central bank is hawkish, the pair may fall below the 13.9568 levels. The next support will lie at 13.8567.



Will the CPI Crash the USD?
Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!

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