What drives the market on July 1?
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Japan exports go up at the fastest pace in almost four years
In August, booming shipments of electronics and cars drove up Japan's exports at the fastest tempo in almost four years, which is further evidence that overseas demand happens to be firm enough to underpin healthy economic surge.
The 18.1% annual soar in exports appeared to be the fastest outcome since November 2013 and undoubtedly surpassed the median estimate for a 14.7% annual surge observed in a Reuters survey.
August's export outcome exceeded July's reading of 13.4% and also pointed to a ninth straight month of expansion.
Export ascend will most likely continue as the global economy is still on a sturdy footing that should back policymakers' confidence in this Asian country’s economic outlook.
The Bank of Japan is generally believed to keep monetary policy intact at a gathering ending on Thursday because inflation is still confusingly low notwithstanding data pointing to firm economic ascend.
Similar
Will the NFP push the USD again?
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
Will the European labor dynamic boost the EUR?
The European unemployment rate will be announced on Thursday at 12:00 MT time.
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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