Market focus

On Wednesday, July 18, 2018, the economic calendar remains saturated with events on inflation in Europe and real estate statistics in the US. Also this day will be the second speech by US Federal Reserve Chairman Powell.

The first half of the day will focus on data on the consumer price index in the UK and the euro area. If expectations for inflation in the euro area remain low-key, then in the UK they are very optimistic, which can support the pound.

At the American session, the focus of the market will be on data on real estate and oil inventories in the US. And special attention should be paid to the statistics on oil inventories and production, which will have an impact on the oil market.

Hanzenko Anton