Forex Weekly Outlook –July 18-22

(FXstreet.com)- US Housing data, Euro-Zone German ZEW Economic Sentiment and German Ifo Business Climate and US Unemployment claims are among the big market movers this week. Here is an outlook on the major events ahead.

Last week President Barack Obama pressured congressmen to resolve the impasse over the debt limit by summoning Congressional leaders to the White House aiming to reach an agreement and present a full scale plan within the next few days. Will the US congress reach a resolution this week?

Apart from the usual events, the beginning of the week will see a reaction to the stress tests published on Friday. Some banks’ stocks might see a “Black Monday” and this may impact the euro. Read more here...