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03.07.2023 18:16

Target levels and forecast for the week 03.07. 07.07.



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Target levels and forecast for the week 03.07.  07.07. On the US weekend markets, the reaction to any market event may be too sharp, as the possibility of short-term hedging is limited.It is expected that Britain and other EU countries will announce their readiness to violate the terms of the nuclear deal with Iran, that is, to maintain sanctions after October this year. It is difficult to predict how Tehran will react to this.Today, attention should be paid to the US ISM industry - further decline will hurt the service sector.The Fed's protocol is expected to be aggressive, we pay attention to the arguments of forecasts for economic growth, subject to a further increase in rates.On Thursday, the publication of US statistics may lead to a strong movement and will affect the assessment of NFP data. We pay special attention to ISM services, as well as to the report on JOLTS vacancies.NFP is essential to Fed rate dynamics; only a sharp drop in the number of new jobs can cancel the increase scenario, the pace of the Fed's rate hike depends on the dynamics of wages.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue,04AUD: RBA Interest Rate Decision, Rate Statement (04:30)NZD: GlobalDairyTrade Price Index (15:00) Wed, 05AUD: Retail Sales (01:30)CNY: Services, Composite PMI (01:45)EUR: ECB Non-monetary Policy Meeting (07:00); S&P Global Composite , Services PMI (08:00)USD: FOMC Meeting Minutes (18:00); API Weekly Crude Oil Stock (20:30)Thu, 06USD: ADP Nonfarm Employment Change (12:15); Initial Jobless Claims, Exports, Imports, Trade Balance (12:30); JOLTs Job Openings (14:00); rude Oil Inventories (+Cushing) (15:00);Fri, 07GBP: BoE Gov Bailey Speaks (07:30)EUR: ECB President Lagarde Speaks (07:30)USD: Nonfarm Payrolls, Unemployment Rate (12:30)For more news  see Economic Calendar.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket

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