Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
German exports will ride revival tide in America, EU and China
In 2018, German exports and imports are expected to reach record maximums, as the BGA trade association informed on Tuesday. The BGA added that companies in Europe's number one economy will keep deriving benefits of a recovery in America, China and the European Union.
German exports are expected to ascend by 5% in 2018 to reach a record peak of 1.3 trillion euros. As for imports, they will most likely tack on by 7% hitting a record high of 1.1 trillion euros.
The trade projections appear to be another confirmation that reviving exports will contribute to an expansion in 2018 that the Ifo economic institute actually estimates at about 2.6%. Obviously, trade is going to add more impetus to the German economy that has been ascending due to state spending as well as private consumption.
By the way, the BGA considers protectionist trade policies of American President Donald Trump to be a threat to the free commerce order ruled by the World Trade Organization.
The market takes breath after the long rally. What opportunities do traders have today?
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...