It was a lucklustre end of June last week despite the escalation of trade tensions.
This article is originally referred from FXPrimus News.
FXPrimus has summarized the important market indicators of the week.
THIS WEEK’S INDICATORS
In fact, safe-havens saw marginal losses by the end of the week while oil surged to multi-year highs amid tougher stance on sanctions against Iran.
Global markets were moved by US growth and inflation figures as Q1 GDP fell and core PCE supported gradual monetary tightening.
With the 3rd Quarter officially kicking off, investors may seek to rebalance their portfolios, creating good opportunities for traders.
This week also carries a good Eco Calendarecocal with FOMC meetings minutes and the US Jobs report weighing in.
July 2nd, Monday
Worldwide PMIs to kick off eco heavy week during Canadian bank holiday.
Markets are going to be relatively busy with PMI reports coming out consecutively from Europe, UK and the US.
The daily highlights are UK’s Manufacturing PMI at 08:30 GMT and the US ISM Manufacturing PMI report, released at 14:00 GMT. Canadian banks will be closed in observance of Canada Day.
July 3rd, Tuesday
RBA to announce latest interest rate decision, UK delivers yet another PMI.
A less eco-friendly session but the impact on respective currencies is expected to be greater as RBA will deliver its latest policy decision, and UK its latest Construction PMI figures.
Although RBA is expected to hold rates unchanged, investors believe comments are likely to be dovish.
July 4th, Wednesday
Aussie and UK data take on the stage for another session, European PMIs due on.
Retail Sales and Trade Balance are likely to move the Australian Dollar in the Asian session but that will also depend on Tuesday’s rate decision.
Eurozone PMIs are also due, yet their impact on the markets won’t be as strong as the UK Services PMI at 08:30 GMT.
US banks will be closed in observance of Independence Day.
July 5th, Thursday
FOMC in the spotlight ahead of NFP, ADP and ISM make Dollar more interesting.
A volatile session starting with Carney’s speech in Newcastle at 10:00 GMT.
At 12:15 PM, ADP will release its own monthly Jobs numbers and fifteen minutes later the Jobless Claims will be also released by the Department of Labor.
With ISM Non-Manufacturing PMIs and EIA weekly stocks report at 14:00 and 15:00 GMT respectively, some dollar profit-taking may be seen just hours before FOMC.
July 6th, Friday
Canadian and US Employment data expected to be solid on Friday.
The eco events during the last day of the week suggest that markets will be highly volatile.
Despite a number of moderate impact releases, all eyes will focus on the US Jobs report as BLS expect both hourly earnings and unemployment rate to remain unchanged, while they anticipate that the headline number will remain solid at 200K.
Original Source: FXPrimus News