What events to follow and how to trade during the week of July 2-6?
US CB Consumer Confidence
|US consumer confidence seemed to be strong during the summer months. In July, consumer confidence index rose to a 16-year high, although a drop was expected. It’s now time to see whether political problems of Trump’s administration and global risks have changed this situation. The Conference Board will release the index for September at 17:00 MT time on September 26.|
|The level of consumer confidence has a direct impact on household spending and, consequently, on the economy’s health in general. This release will be a Forex market mover and an opportunity to trade the USD.|
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!