What drives the market on July 1?
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Check American economic calendar
The US will release producer inflation figures at 15:30 MT time on September 12. PPI is an important indicator that measures the average change in selling prices received by domestic producers of goods and services over time. In July, this index was flat from a month earlier. Core PPI, which excludes the volatile food and energy categories, was up 0.1% in July from the prior month.
Traders always track the dynamics of the US PPI and use its release as an opportunity to trade on the news.
• If PPI growth is higher than expected, the USD will rise.
• If PPI growth is lower than expected, the USD will fall.
Similar
Will the NFP push the USD again?
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
Focus of the week
What will drive the market this week?
Latest news
The RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
What will affect markets on July 3?
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.
How to trade on July 2?
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
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