Expectations for the upcoming week
The first week of July promises to be very rich in statistics, especially worth mentioning data on business activity in the manufacturing sector in most key countries. In addition, it is worthwhile to focus on the speech of the head of the Bank of England and the FOMC protocol (Thursday), and on employment data in the US and Canada (Friday).
In this case, the week may not be complete due to the days-off in the US on Tuesday and Wednesday because of the celebration of the US Independence Day, which can cause unjustified growth of volatility or its complete absence in this period.
Also, the market since the beginning of the week continues to monitor the new political risks in Germany, which, due to the possibility of the dissolution of the ruling coalition in Germany, put pressure on the euro.
Hanzenko Anton
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