A Week in the Market: Prices and Demand (17-21 July)

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/07/17.07.23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="A Week in the Market: Prices and Demand (17-21 July)" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><h2>China: mixed data</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/04/china-1200×627.jpg" alt="China: mixed data" class="wp-image-3473" srcset="https://blog.roboforex.com/wp-content/uploads/2020/04/china.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/04/china-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/04/china-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>China will present a <a href="https://blog.roboforex.com/blog/2019/09/17/how-to-calculate-a-trading-lot-in-forex-market/" data-internallinksmanager029f6b8e52c="76" title="lots in forex">lot</a> of statistics. It is already known that the <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> for the second quarter has surpassed the value for the first quarter and reached 6.4% against 4.5%. However, the indicator fell short of analysts' forecasts. For risky assets, this is a moderate signal.</p>

<h2>EUR: strong position</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2021/01/eur.jpg" alt="EUR: strong position" class="wp-image-6665" srcset="https://blog.roboforex.com/wp-content/uploads/2021/01/eur.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2021/01/eur-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2021/01/eur-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The Eurozone is to release the consumer confidence index for July and final data on <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> for June. In addition, President of the European Central Bank Christine Lagarde will deliver a speech; any <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a> in favour of the regulator&rsquo;s tight monetary policy will provide support for <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>.</p>

<h2>USD: weak position</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/usd-1-1200×627.jpg" alt="USD: weak position" class="wp-image-5292" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/usd-1.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/usd-1-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/usd-1-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The US is to publish industrial production statistics for June; the <a href="https://blog.roboforex.com/blog/2019/11/19/top-10-forex-indicators-that-every-trader-needs/" data-internallinksmanager029f6b8e52c="99" title="Indicators">indicators</a> could have stabilised following the previous decline. The retail sales report for June will give insight into real consumer spending. The USD exchange rate will be in a weak position until the market shifts its focus from the Fed&rsquo;s policy to other factors.</p>

<h2>CAD: a chance for strengthening</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/04/cad-1200×627.jpg" alt="CAD: a chance for strengthening" class="wp-image-3472" srcset="https://blog.roboforex.com/wp-content/uploads/2020/04/cad.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/04/cad-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/04/cad-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>Canada is preparing to release data on inflation, producer prices and retail sales. The <a href="https://roboforex.com/beginners/info/charts/forex/usdcad/" data-internallinksmanager029f6b8e52c="38" title="USD/CAD">CAD</a> rate might resume strengthening after a pause for consolidation.</p>

<h2>GBP: ready to rise</h2>

<figure><img decoding="async" loading="lazy" width="1200" height="627" src="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-1200×627.jpg" alt="GBP: ready to rise" class="wp-image-5379" srcset="https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2.jpg 1200w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-360×188.jpg 360w, https://blog.roboforex.com/wp-content/uploads/2020/08/gbp-2-768×401.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure><p>The UK will provide a lot of statistics from producer price <a href="https://roboforex.com/forex-trading/assets/indices/" data-internallinksmanager029f6b8e52c="11" title="indices trading">indices</a> for June to inflation data. The consumer price index is expected to fall from 8.7% to 8.2% y/y in June. However, core prices remain persistently high, which gives the Bank of England the opportunity to further raise the <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a>. This is good news for <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>.</p>

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