Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
USD ahead of consumer sentiment report
Information is not investment advice
The US consumer sentiment will be published on July 17 at 17:00 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
There are two types of consumer sentiment reports: preliminary and revised. This one is preliminary, that’s why it has more influence on the market than the second one. The consumer sentiment is the one of main assessments of financial health of the country. Now, the USA is suffering from the fresh virus resurgence. Confirmed daily cases are increasing every day. As a result, it may deteriorate the consumer sentiment. Two last reports exceeded expectations. However, now we can’t be sure what the result will be.
If the US consumer sentiment is better than expected, the USD will surge.
If the US consumer sentiment is worse than expected, the USD will fall.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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