Market Brief 30 June: High-impact events this Friday


Friday is here and we have plenty of market- moving events on the calendar. Let’s see what to expect.

Germany

EUR 08:55 a.m. GMT+1, German Unemployment Change- analysts forecast a change in the number of unemployed at -10K for the month of June, compared to May’s -9K. An actual number with higher number of unemployed should be read as a negative sign for the Euro. If the number of unemployed has dropped, this should boost the currency even further.

United Kingdom

GBP 09:30 a.m. GMT+1, GDP (QoQ) (Q1)- we have two GDP numbers coming out today and the quarterly reading has more weight and importance to market participants. So, this is the number to cause market volatility. Experts forecast no change in the quarterly GDP at 0.2%, same as last time. If the results come out better than expected, this should imply strength for the sterling. And, if the reading is markedly lower than expectations, then this should be read as a bearish sign.

GBP 09:30 a.m. GMT+1, GDP (YoY) (Q1)- analysts expect no change for the Year over Year cumulative number at 2.0%, same as for the last period.

Euro Zone

EUR 10:00 a.m. GMT+1, CPI (YoY) (Jun) P- this is the preliminary number for Consumer Price Index which measures the level of inflation from consumer perspective in the European Union. Predictions are for a slight decrease at 1.2% for June versus 1.4% for the last period. A higher actual number should be seen as positive for the euro, while a lower than the expected result should be read as weakening the currency.

Canada

CAD 13:30 p.m. GMT+1, GDP (MoM)(Apr)- analysts expect a mild weakening in the performance of the economy at 0.2% versus the previous 0.5%. Strength in the value of the currency could be reflected by a higher than expected number, while lower actual results would be of devaluing influence.

 

For more events and results, see the economic calendar: https://tradeo.com/market-tools/economic-calendar

Risk Warning: This information is not and should not be construed to be investment advice. It is communicated to you for general information purposes only and does not have regard to your particular investment circumstances or objectives. Contracts For Difference (“CFDs”) on underlying financial instruments like equities, bonds, currencies, commodities, indices, exchange traded funds, futures and others are not suitable for all investors, especially for non-experienced retail investors and trading in CFDs is considered risky. Furthermore, given that CFDs are traded on margin through leverage, you may sustain a loss of some or all of your invested capital. Therefore, you should not trade with capital that you cannot afford to lose and must ensure that you fully understand the risks before trading. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. Foreign-currency-denominated financial instruments are subject to fluctuations in exchange rates that could have an adverse effect on the value or the price of, or income derived from, the investment. Other risk factors affecting the price, value or income of an investment include but are not necessarily limited to political risks, economic risks, credit risks, and market risks. The financial instruments described here may not be eligible for sale in all jurisdictions or to certain categories of investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings. Read more . 

Comments

comments

You may also like

LEAVE A COMMENT

Subscribe to Blog

Enter your email address to receive notifications of new posts by email.

Join our webinars

Join our webinars

Download the app - Android

Download the app - Android

Download the app - IOS

Download the app - IOS