Know what’s happening in the market this week!
This article is originally referred from FXPrimus News.
FXPrimus has summarized the important market indicators of the week.
THIS WEEK’S INDICATORS
Last week European politics and trade war narratives ruled the markets.
Euro declined amid Italian risk while Dollar fell on concerns surrounding another potential US-China trade war.
Global markets were influenced also by Spanish politics and import tariffs on metals from initially excluded countries Despite the substantial moves markets re-balanced by the end of the week as fresh pre and post NFP positions were opened, reflecting the good jobs report.
Daily focus on UK Construction PMI, rest of markets uneventful.
Today, markets are going to be moderate, at least on the eco side of things, as no major indicators are due.
Trading activity likely to increase during the UK Construction PMI yet only on Cable, rest of global markets victims of political developments and/or TA (Technical Analysis).
June 5th, Tuesday
Plethora of global-wide eco releases to set markets’ tone, multiple directions expected.
A certainly more volatile session than Monday as EU, UK and US PMIs are due on Tuesday.
With RBA’s rate decision just hours before Euro and Pound risk, participants may be able to trade around the clock.
In addition, President Draghi talks on a panel discussion at 2PM GMT.
June 6th, Wednesday
Aussie downside risk plausible, GDP eyed following short March expectations.
A disappointing GDP growth in March adds more concerns to Wednesday’s release, especially given the possibility of a poor rate decision on Tuesday as this will have an influence on trading activity.
On other events, Canada is also releasing the Trade Balance and the EIA Canada’s weekly stock’s report.
June 7th, Thursday
A quiet session on eco events, US Jobless claims a good opportunity for traders.
The Bureau of statistics in Australia releases the Trade Balance figures on Thursday, an event that will add some volatility early on in the Sydney session. D
uring London, markets expect the Halifax HPI and the Jobless Claims while later during the New York session participants may find opportunities as a result of BoC Gov Poloz speech about the Financial System Review.
June 8th, Friday
Canadian Jobs report on the spotlight, expectations for July hike may increase.
The closing of the week will have traders focusing on Chinese and Japanese inflation but most interestingly on the Canadian jobs reports.
With the latest boost in confidence investors patiently wait to see if this week’s report is going to support a July rate hike.
Original Source: FXPrimus News