Market focus

On Tuesday, July 24, 2013, the economic calendar is saturated with preliminary data on business activity in the services sector of the euro area and the US, which, in turn, will set the mood on the market on this day. Also at the end of the day there will be data on oil reserves in the US from the API, which will affect the dynamics of oil quotes.

The main driver of the market remains the tension around the growing protectionism in the US and Trump’s comments on the strong US dollar. Aggravation of these issues will resume pressure on the American currency.

Hanzenko Anton