Daily Market Review 17 of July
As growth expectation are continued to be cut, market is waiting for a third QE.

Today is full of market data and we expect the market the halt there trends, mainly the Bull run for the U.S dollar against main currencies till this data will be published.

Key data in focus today:

9:00 GMT – Germany ZEW index (Economic activity).
9:00 GMT U.K -  BOE governor speaks.
12:30 U.S  0- CPI and Core CPI.
13:00 Canada - BOC rate decision.
13:00 U.S net swap flows.
13:15 U.S – industrial output
14:00 U.S Fed chairman speaks.


A possible correction to 1.235 is possible, we suggest selling for short term the Euro on its resistance at 1.241, support is at 1.224 and then again at 1.217, although we believe that the euro will test the 1.18 levels by the end of the year a correction for the up side has began, at list till today 14:00 GMT