What drives the market on July 15?

What drives the market on July 15?

Optimism about the Moderna vaccine improved the market sentiment. Let’s have a closer look, what’s happening today.


  • Moderna reported successful human trials on the Covid-19 vaccine. All the patients produced antibodies to the virus after the injection. Of course, it doesn’t mean that the vaccine will be effective, but it’s a significant step to control the disease.
  • Sino-American tensions got even worse. The US president Donald Trump issued an order to end Hong Kong’s special status with the US and imposed sanction on China. Beijing tends to respond with its own sanctions.
  • The British consumer price index came out better than analysts expected. It turned out 0.6%, while the forecast was 0.4%. The British pound gained on positive news.
  • The Bank of Japan has made the monetary policy statement this morning. Officials left everything unchanged as they had made already everything possible to support the economy. The economic activity is gradually rebounding in Japan. However, the central bank lowered its growth forecasts and assured that it would take extra measures if needed.
Watch our daily forex trading plan!

Technical tips


EUR/USD has been climbing up for a fourth day in a row. It’s heading towards the high of March 9 at 1.1445. If it crosses it, it may surge even to the key psychological mark at 1.15. While the US dollar continues waning amid the current risk-on sentiment, it’s quite possible. Anyway, support levels are at 1.1280 and 1.1215.



Gold is trading sideways. It’s stuck in a range between $1 794 and $1 815. If it crosses the resistance at $1 810, it may surge to the next one at $1 815. Support levels are $1 800 and $1 794.



The British pound got a tailwind from the better-than-expected CPI. GBP/USD has formed a long-legged doji pattern on the daily chart, which reflects a great amount of indecision on the market. The pair will meet the resistance at the 200-day moving average at 1.268. If it breaks it through, it will surge higher to 1.275. Support levels are at 1.2415 and 1.2300.



The Australian dollar gained amid the present risk-on sentiment. It approached the key resistance at 0.7015 and reversed. Now it’s moving towards the 50-day moving average at 0.6956. If it breaks it down, it will fall to the next support at 0.6925.


Upcoming events:

  • The Bank of Canada will report its rate statement and make a monetary policy statement at 17:00 MT time. An hour later it will hold the press conference.
  • The US crude oil inventories will be released at 17:30 MT time! Stay tuned!


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

US Dollar Prepares for the Pump
US Dollar Prepares for the Pump

On the H4 timeframe, the US dollar index has formed a bullish falling wedge. At the beginning of the trading session, the price is testing the upper border of this wedge. Thus, in case of a higher-than-expected Core PCE Price Index m/m, the US dollar will skyrocket against other currencies. 

Uptrend in Gold Starts Now
Uptrend in Gold Starts Now

Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!

Latest news

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