› Market review, July 10-14, 2017

Market review, July 10-14, 2017


Friday’s NFP report showed mixed data. On the one hand, 222k of the new positions were created, on the other hand unemployment rate rose to 4,4%, though experts estimated it to stay at the same level as in May. But still, this shows that US economics is in the good state and the Fed, can use this fact to tighten monetary policy.

On the next week, there will be several key events for the american economy:
1. Janet Yellen speech
Fed’s head is going to testify twice, on Wednesday (14:00 GMT) and on Thursday (14:00 GMT). Text of these speeches will be released 1,5 hour prior to the meeting.

2. CPI data - data on inflation
Will be published on Friday (12:30 GMT) and is expected to rise by 0,2%.

On Friday, EUR/USD closed around 1.14 level. It is considered to be high price for this asset, so analytics believe, after the market is opened there will be an opportunity to enter for low positions.

You can open low positions for EUR/USD near 1.1117, 1.0990 and 1.0810.

Market review, July 10-14, 2017


Oil closed the week at $44.36 showing negative tendency. Within previous week WTI lost around $1.8 which is around 4%.

Despite decision of the OPEC and non-OPEC countries to cut oil output till the end of 2018, US, Libya and Nigeria continue to increase output and number of drilling systems.

And, fundamentally, oil prices tends to continue their down movement.

Market review, July 10-14, 2017


On July 11, 2017, Amazon will start global sale for all “prime” clients. As history shows, it is more likely to cause grow of the stocks of this company. Another factor - cooperation with Nike, which will conduct sales through the "Amazon". It will be beneficial for both companies.

Technical point of view on the market confirms that this asset has strong potential to grow, so after market is opened, we recommend to search for entrance point.

Market review, July 10-14, 2017

On July 28, Tesla plans to release the third model of its cars with more advanced parameters, which in turn will be an impressive trigger for the growth of the company's shares.

Market review, July 10-14, 2017

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