Market Update 19/07/2021

July 19, 2021


After testing the support at the 1.1805-1.1795 price level the EURUSD pair has recently broken below this level currently trading around 1.1768, after breaking the resistance at this level we may see the pair moving towards the next level of support is around the 1.1705 -1.1700 price level. The next level of resistance currently is in the 1.1880-1.1900 range. The focus for this week will be primarily on the high impact economic news announcements, with Thursday’s ECB monetary policy statement and Interest rate decision, the EUR/USD pair as well as all other EUR pair may see some short-term high volatility, depending on the outcome.

Key Economic Data


Below is the high impact news for this week, do not allow yourself to be caught out by high impact forex news.


Date Event Time (GMT+3) Forecast Previous
Tuesday, July 20, 2021
AUD RBA Meeting Minutes 04:30 - -
CNY PBoC Loan Prime Rate 04:30 - 3.85%
USD Building Permits (Jun) 15:30 1.700M
Wednesday, July 21, 2021
AUD Retail Sales (MoM) 04:30 -0.50% 0.40%
USD Crude Oil Inventories 17:30 -4.359M' -7.897M'
Thursday, July 22, 2021
  EUR Deposit Facility Rate (Jul) 14:45 -0.50% -0.50%
  EUR ECB Marginal Lending Facility 14:45 0.25%
  EUR ECB Monetary Policy Statement 14:45
  EUR ECB Interest Rate Decision (Jul) 14:45 0.00% 0.00%
  USD Initial Jobless Claims 15:30 350K 360K
  EUR ECB Press Conference 15:30
  USD Existing Home Sales (Jun) 17:00 5.90M 5.80M
Friday, July 23, 2021
  GBP Retail Sales (MoM) (Jun) 09:00 0.50% -1.40%
  EUR German Manufacturing PMI (Jul) 10:30 64.1 65.1
  GBP Composite PMI 11:30 61.9 62.2
  GBP Manufacturing PMI 11:30 62.7 63.9
  GBP Services PMI 11:30 62 62.4
  RUB Interest Rate Decision (Jul) 13:30 6.00% 5.50%
  CAD Core Retail Sales (MoM) (May) 15:30 -2.00% -7.20%


Daily Currency Heatmap



Gold is currently trading around the $1800 price level, since our last look at gold it tested the $1824 resistance as expected, temporarily moving above this level to reach a high of $1834 before retreating to the $1815-$1795 range. The Pivot Point for the current week is at $1812. The $1800 level still serves as a psychological support level. The key level of resistance is the $1824 level a break of this level may see gold rise to the $1850 - $1862 range. Our strong support is still in the $1750-$1747 area. Will we revisit the $1750 level before the precious metal continues to move higher?

*Source Calculator

In the above table we can see the continuation of the decline in the gold volatility against the US dollar, since the last peak in volatility on the 23rd of June.

Stocks to Watch

Earnings: Below are the stocks to monitor for the rest of the week will announce their earnings.

Monday, July 19, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US IBM (IBM) 2.32 18.29B 124.11B Not Stated
Tuesday, July 20, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Netflix (NFLX) 3.18 7.32B 235.14B After Close
US Philip Morris (PM) 1.54 7.66B 154.14B Before Open
US United Airlines Holdings (UAL) -4.21 5.25B 14.89B After Close
UK Ubisoft (0NVL) -- 333.75M 6.86B Not Stated
UK EasyJet (EZJ) - 610M 3.60B Not Stated
Wednesday, July 21, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US J&J (JNJ) 2.29 22.5B 442.67B Before Open
US ASML ADR (ASML) 2.98 4.87B 282.50B Before Open
US Coca-Cola (KO) 0.5615 9.3B 243.18B Before Open
US Verizon (VZ) 1.3 32.71B 233.75B Before Open
US Texas Instruments (TXN) 1.83 4.35B 171.89B Not Stated
US Johnson Matthey (JMPLY) - - 8.04B Not Stated
US Harley-Davidson (HOG) 1.21 1.4B 6.61B Before Open
Thursday, July 22, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US Abbott Labs (ABT) 1.02 9.69B 208.79B Before Open
US AT&T (T) 0.7937 42.66B 202.35B Before Open
UK Unilever (ULVR) 1.29 13.33B 112.75B Before Open
US Twitter Inc (TWTR) 0.072 1.06B 53.00B After Close
Friday, July 23, 2021 Stock EPS Forecast Revenue Forecast Market Cap Time
US NextEra Energy (NEE) 0.6863 4.91B 152.80B Before Open
US American Express (AXP) 1.63 9.55B 135.57B Before Open
UK Vodafone Group PLC (VOD) - 361.00M 32.13B Before Open


Dividends: The following stocks will be paying dividends over this week.


Monday, July 19, 2021 Stock Ex Div Date Dividend Type Yield
US Caterpillar (CAT) Jul 19, 2021 1.11 Quarterly 2.10%
Tuesday, July 20, 2021 Stock Ex Div Date Dividend Type Yield
US Colgate-Palmolive (CL) Jul 20, 2021 0.45 Quarterly 2.15%
US NVIDIA (NVDA) Jul 20, 2021 0.16 Quarterly 0.08%
Thursday, July 22, 2021 Stock Ex Div Date Dividend Type Yield
UK Investec (INVP) Jul 22, 2021 13 Trailing 12 Month 4.58%
UK Micro Focus (MCRO) Jul 22, 2021 17.65 Trailing 12 Month 4.34%
US Procter & Gamble (PG) Jul 22, 2021 0.8698 Quarterly 2.50%
Friday, July 23, 2021 Stock Ex Div Date Dividend Type Yield
US Texas Instruments (TXN) Jul 23, 2021 1.02 Quarterly 2.17%

Market Holidays

Holidays: The following countries have national holidays this week.

Date Holiday Time Affected Markets
Tuesday, July 20, 2021      
Singapore Hari Raya Puasa All Day Singapore Stock Exchange
Wednesday, July 21, 2021      
India Bakri Id All Day India Stock Exchange
Thursday, July 22, 2021      
Japan Marine Day All Day Japan Stock Exchange
Friday, July 23, 2021      
Japan Sport Day All Day Japan Stock Exchange
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