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.
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...