Back

Market Review 01 July 2020

Jul 1, 2020 (12:20)

by Constantinos Loizou

In the Economic calendar of today we can expect some volatility in EUR and USD.
At 07:00 (GMT) the Unemployment Rate was released by the Austrian Public Employment Service (AMS).
A decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish). The figure was decreased since last month by 58.5K falling to 414.8K.
In the morning, several European countries announced their Markit Manufacturing PMI.
The Manufacturing Purchasing Managers Index (PMI) released by Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector has a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition.
At 07:55 (GMT) the Unemployment Change was released by the Bundesagentur für Arbeit and published by the German Statistics Office. The result was better than expected (-51K) at 69K.
At 12:15 (GMT) the Automatic Data Processing Inc will release the Employment change in US for the previous month.
The above is a measure of the change in the number of employed people in the US and the result is forecasted to increase from -2760K to 3000K.
At 18:00 (GMT) the Federal Open Market Committee (FOMC) will have a meeting to review the economic and financial condition of USA.
FOMC Minutes are released by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy.

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

Risk Warning and Disclaimer: Major risks connected with recommendations or opinions in this research report, including sensitivity analysis of relevant assumptions, are stated herewith. Contract for Differences (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. Trading Over The Counter (OTC) CFDs carries a high level of risk and can result in the loss of all of your investment. CFDs may not be appropriate and/or suitable for all investors. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. You should not invest money that you cannot afford to lose. Before deciding to trade, you should be aware of all the risks associated with OTC CFD trading, and seek advice from an independent and suitably licensed financial advisor. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. This research report provided by Depaho Ltd is a marketing communication that should not be interpreted as investment advice. This material is non-independent research. Non- independent research is “marketing communication”as indicated in Article 24(3) of MiFID II. It has not been prepared in accordance with the full legal requirements designed to promote independence of research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. This material may include “Investment recommendations” as defined in Article 3(1)(35) of the Market Abuse Regulation (“MAR”), namely any publications which may contain information that explicitly or implicitly recommends or suggests an investment strategy concerning a financial instrument, including opinion as to the present or future value or price of such instruments. Additional information with respect to any financial instrument referred to herein may be made available on request. The content of this material does not take into account the particular investment objectives, financial situation or needs of the recipients of this material. Before acting on any recommendations in this material, recipients should consider whether it is suitable for their particular circumstances and, if necessary, seek professional independent advice.

Live Feed

Instrument	Bid	Ask

Traders Trends new

See what others are Trading

Start trading