Market updates on July 19

Market updates on July 19

Key events ahead:

Core retail sales – 15:30 MT (12:30 GMT) time

  • Yesterday, the speech by New York Fed President John Williams sent the US dollar lower. According to his words, the measures are needed to prevent disaster in the US economy. After that, his comments were confirmed by the FOMC member Richard Clarida. However, the comments by the NY Fed President Williams were clarified by the New York Fed, where the institution noted about the academic character of the Williams’ comments.

On H4, EUR/USD rose by 58 pips during the American trading session and tested the 200-period SMA at 1.1280. After the reassuring comments by the NY Fed, bears tried to pull the pair lower to the 50-period SMA. At the moment, EUR/USD is testing the support at 1.1253. The next support for bears will lie at 1.1237. From the upside, the first resistance lies at 1.1263. After the breakout, wait for the pair to reach the strong resistance zone at 1.1274-1.1280.


  • The USD/CAD pair is awaiting the release of core retail sales at 15:30 MT time. If the actual figures outperform the forecasts, the pair will slide below the 1.3019 level. The next support will lie at 1.3003, which is the lower border of the downward trading channel. Otherwise, the first resistance level will be placed at 1.3060 (50-period SMA). The next resistance will lie at 1.3077 (100-period SMA).


  • Gold reacted to the dovish speeches by the Fed members and the news that US ship took defensive action against Iranian drone. The yellow metal rose to its highest level since 2013 and tested the levels above the resistance at $1,448 on H4. Now, the price for gold is correcting to the downside. If it continues to weaken, the first support will lie at $1,423. If this level is broken, the next support will lie at $1,412. If bulls take over the market once again, XAU/USD will retest the $1,448 level.



How to trade the JPY?
How to trade the JPY?

Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:

USD and GBP Traders Await Big Moves
USD and GBP Traders Await Big Moves

The first week of November promises to be eventful, as we have the Fed meeting, the BOE update, and the NFP release. Read more details here.

What to Trade on August 29 - September 2?
What to Trade on August 29 - September 2?

Last week several important economic updates influenced the Forex market. US preliminary GDP fell less than expected (0.6% actual vs. 0.7% forecast). Below you will find the key events to trade on during the week from August 29 to September 2.

Latest news

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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