Canadian job data: an attractive release for trading
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
Japan manufacturers' mood is firm
In December, confidence among Japanese manufacturers was steady, while service-sector sentiment rallied for a second straight month. That’s what the Reuters Tankan survey unveiled on Thursday. It definitely underscored steady economic surge powered by both domestic and external demand.
The monthly survey, tracking the BOJ’s closely-watched tankan quarterly poll, found that manufacturers' mood grew moderately from three months ago, while service-sector morale remained sturdy enough, indicating a sound reading in the approaching BOJ tankan.
Sturdy tankan outcomes should be quite encouraging for Japan’s key bank, which will scrutinize the poll readings, due December 15, during its policy gathering later this month. Market participants are expecting Japan’s major financial institution to maintain its current easing stance.
As for the sentiment index for manufacturers, it kept to 27, being intact from November having reached a decade-maximum of 31 in October.
Similar
What drives the market on July 8?
The market takes breath after the long rally. What opportunities do traders have today?
The US labor market is in focus again
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
Latest news
How to trade on July 13?
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Risk-on is back. Market news and trade ideas on July 9
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
GOLD: the era of $1 800
Congratulations! Gold has just opened a new era... or, rather, reopened...
Deposit with your local payment systems
