The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
The European unemployment rate will be announced on Thursday at 12:00 MT time.
Canadian monthly GDP growth rate is announced on Tuesday at 15:30 MT time.
What will drive the market this week?
Investors stay optimistic because they believe that the second wave will be offset by the additional stimulus measures from the government.
The market sentiment deteriorated as the USA and some other countries are suffering from the new virus resurgence. Investors worry that the economic reopening may be delayed.
The US-China trade deal and upcoming PMI are in focus of traders' attention.
The US final GDP and unemployment claims will be published on June 25 at 15:30 MT time.
The Reserve Bank of New Zealand will make the monetary policy statement on June 24 at 5:00 MT time.