Daily Market Review 31 of July
Markets have paused for a few hours as market participants await key fundamental data that will be published this week.

Today, the Fed will assemble for the next two days to discuss possible additional steps to push the crippled economy.  Markets are also waiting for the monthly statement from Draghi, the ECB President, expected to be published on Thursday.  Friday the monthly curtail NFP - a main indicator for the U.S economy will be published.

Key data to watch today:

9:00 E.U Unemployment.
12:30 Canada GDP.
20:00 U.S treasury secretary speaks.

Technical’s

Short  term resistance at 1.227 and 1.23. Support  at 1.2252.