US Inflation: Will It Skyrocket Further?
The United States will publish a headline and core inflation rate on July 13, at 15:30 MT time.
Economy
Key information updates for profitable trading
Information is not investment advice
What will move the market on July 12-16?
Much impactful news will come out! Read the article to get fresh trade ideas for the whole week!
Risk-off Sentiment Prevails on Markets
Risk aversion dominates in the financial markets as the resurgent of coronavirus cases may slow global growth. Thus, safe-haven currencies are rising such as the CHF, the JPY, the USD, and riskier assets and commodity-linked currencies (the CAD and the AUD) are weakening.
CAD: Canada Reveals Labor Data
Canada will reveal its jobless rate and employment change for June on July 9, 15:30 MT.
Gold Surged, Traders Await FOMC Minutes
Gold has surged above the psychological mark of $1800 ahead of the Minutes from the Fed’s meeting. Read the article to get ideas on EUR/USD, Gold, and USD/JPY!
Oil & Gold Surged, Dollar Weakened on July 6
Jump in to get the latest market news and trade ideas on gold, EUR/USD, and NZD/USD!
FOMC Meeting Minutes are in Focus
Federal Open Market Committee, a committee within the Federal Reserve System (the Fed), will reveal a detailed record of the most recent meeting on July 7 at 21:00 MT.
How to Trade AUD after RBA Statement?
The Reserve Bank of Australia will announce its policy statement and gives an economic outlook on July 6 at 7:30 MT.
NFP is Eyed, OPEC Talks Continue Today
OPEC members haven’t been able to agree on oil output yesterday. The US dollar jumped ahead of the NFP report today.
Market Wrap: US Dollar Keeps Strengthening
The US dollar keeps strengthening due to the fresh Covid-19 outbreaks in some parts of the world. By the way, the US NFP report will be out already this Friday!
Big Tech Stocks Surged
Cathie Wood’s Ark Invest filed for the creation of a Bitcoin ETF. Apple and Amazon jumped and airlines and cruise operators dropped as the reflation trade waned.
The CAD May Rise on Economic Data
Canada will publish a GDP growth for April on June 30 at 15:30 MT time (GMT +3).