What events to follow and how to trade during the week of July 2-6?
US Retail Sales
|The US dollar is quite volatile amid trade and geopolitical tensions. Positive economic data can support the greenback. Retail sales allow measuring consumer sentiment. That is why if the actual data is greater than the forecast, the US dollar has chances to strengthen. On the other hand, a disappointment will make the USD depreciate. Have a look at the economic calendar at 15:30 on May 15 to get a trade idea.|
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!