July 23, Economic Pulse Central Banks and Key Data in the Spotlight

Key events for Financial Markets this week

Key indicators to watch >>>

Existing Home Sales (Jun): This measures the number of previously owned homes sold in June. A higher than expected figure would indicate a strong housing market.

S&P Global US Manufacturing PMI (Jul): This index reflects the level of activity in the US manufacturing sector. A reading above 50 indicates expansion, while a reading below 50 indicates contraction.

S&P Global US Services PMI (Jul): Similar to the manufacturing PMI, but for the services sector.

BoC rate decision: The Bank of Canada will announce its interest rate decision.

A hike will indicate concerns about inflation, while a hold or cut will indicate a more dovish stance.

New Home Sales (Jun): Measures the number of new homes sold in June.

Crude Oil Inventories: A measure of the amount of crude oil stored in the United States.

A decline usually indicates higher demand or lower production.

Durable Goods Orders (MoM): This measures the change in orders for manufactured durable goods (goods expected to last three or more years) from the previous month.

GDP (QoQ): Gross Domestic Product measures the total value of goods and services produced in an economy.

A positive value indicates economic growth.

Initial jobless claims: The number of people filing for unemployment benefits.

A decrease indicates a strong labour market.

Core PCE price index: A measure of inflation that excludes food and energy prices.

It’s closely watched by the Federal Reserve.

Earnings This Week >>>

Verizon (VZ)

Alphabet C (GOOG)

Visa A (V)

Qualcomm (QCOM)

IBM (IBM)

AT&T (T)

NextEra Energy (NEE)

AT&T (T)

General Dynamics (GD)

BNP Paribas (BNPP)

CME Group (CME)

Republic Services (RSG)

Roper Technologies (ROP)

Newmont Goldcorp (NEM)

AbbVie (ABBV)

AstraZeneca ADR (AZN)

Islandsbanki hf (ISB)

Arion Bank (ARION)

AstraZeneca (AZN)

Total Energies (SETTEF)

Key volume support and resistance levels

Volume analysis of futures contracts: Euro, Oil, S&P500 index.

This review used the weekly timeframe to show the key levels that were formed during the current contract.

On all charts volume support levels are marked in green color, and resistance levels are marked in red color. Each volume analysis level is indicated by two prices, as the levels are price ranges.