Focus of trading news on Erste News
During the week from July 1 to 5, a significant amount of news traded on Erste News is expected.
On Monday, at 17:00, the ISM manufacturing business index (PMI) (June) will be released in the USA.
Despite the modest expectations and the continuation of the impact of data on the reduction of tension in the trade war, they can significantly affect the dynamics of the US currency.
On Tuesday, at 07:30, the RBA interest rate decision will be published.
It will be expected to reduce the key interest rate to the level of 1.00%. This will put pressure on the Australian currency. Also it is worth noting the rhetoric of the Central Bank of Australia. If she points to further stimulation of the economy, we can expect a more significant reduction in the Australian.
On Wednesday, there will be several news on which Erste News trading is possible:
11:30 – the index of business activity in the services sector in the UK will be published.
Expectations are very low-key, but the news itself remains a significant indicator of the economy.
15:15 – ADP nonfarm employment change in the United States.
In fact, this is preliminary data on employment in the United States. This indicator in the conditions of waiting for the Friday employment report will set the mood for the US dollar.
17:00 – ISM non-manufacturing business index (PMI) in the USA will be released.
This indicator remains very limited in its impact on the US currency, but in conditions of uncertainty, it can have an impact on trading.
On Friday, at 15:30, several important events will be published the same time, among which an employment data in the United States is particularly worth highlighting .
Data on employment in the US remains the main event of the week and will have a significant impact on the market, especially after very modest indicators of May.
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A full calendar of traded news for a week you can always find on the page.