5. ECONOMY-GLOBAL
JOB MARKET
The job market made greater progress
than expected last month digging out of a
deep hole with a record 4.8 million jobs
added. Yet optimism over the rebound
was tempered by stubbornly high layoffs
and a resurgent coronavirus outbreak
across parts of the U.S.
Source:Bloomberg
6. ECONOMY-GLOBAL
A closely watched measure
of manufacturing jumped in June to the
highest in more than a year, signaling the
resumption of growth as pandemic-
related lockdowns ended.
Source:Bloomberg
7. ECONOMY-ITALY
Domestic Investors Wanted – ITALY
Italian retail investors own only 3.1% of
their country’s government bonds
Source:Bloomberg
8. ECONOMY-UK
Reopening U.K. Hospitality
Around 42% of respondents are already open or
will open around July 4
Source:Bloomberg
9. ECONOMY-USA
Trump Says Jobs Report Shows the U.S.
Economy Is ‘Roaring Back’
What’s on the Table for the Next Round of
U.S. Virus Relief
Source:Bloomberg
Unemployment Benefit
The most difficult talks will be over whether to extend a $600-
per-week boost to unemployment benefits approved by
Congress in March that expires July 31. Democrats have sought
to extend it into next year with possible phase-outs linked to
improving state economic numbers.
Direct Payments
Republicans are showing openness to another round of direct
payments to individuals. House Democrats in their May bill
proposed repeating the $1,200 payments to individuals making
less than $75,000 per year, with as much as $6,000 per family.
11. ECONOMY-EURO
Euro Area’s Path to Growth Haunted by Post-
Pandemic Uncertainty
The quarterly pace of economic contraction slowed
to a mere 0.2% in June, with a gauge measuring
private-sector activity rising to a four-month high.
Source:Bloomberg
12. ECONOMY-GOLD
Gold Futures Fall From Eight-Year High on
Factory Data, Vaccine
An early trial of an experimental vaccine from
Pfizer Inc. and BioNtech SE showed it’s safe and
prompted patients to produce antibodies
against the new virus.
Meanwhile, a measure of U.S. manufacturing
jumped in June to the highest in more than a
year, signaling the resumption of growth as
pandemic-related lockdowns ended.
Bullion posted its first loss in four sessions and
its biggest in almost a month, while U.S. equities
advanced.
Source:Bloomberg
13. COVID 19
U.S. Cases Climb 1.7%; Trump Again Blames Testing: Virus Update
Key Developments:
Global Tracker: Cases top 11.1 million; Deaths over 527,000
Americans aren’t much interested in going out and spending
A thousand pork workers tested positive at JBS plant in Brazil
Japan insists this time is different even as cases surge
Low-income U.S. households suffer inflation shock from virus
Source:Bloomberg
15. NEWS – NEXT WEEK
Fundamental News for the July 06 – July 10
The next week will put high emphasis for the Australia and Canada only. Rest all the other currencies will give
medium to low impact.
July 06 – US ISM non – manufacturing PMI data
July 07 – Australia Interest rate decision
July 08 – Euro Economic Forecasts
July 09 – US Unemployment Claims
July 10 – Canada Employment change and Unemployment Rate
USD PPI and core PPI data
17. WHAT CHART SAYS,THIS WEEK?
We are presenting an analysis for Major Currency Crosses, Gold & Crude for the next coming week starting on
July 06, 2020
This is a broader picture how things may move as per Charts.
Traders are advised to have a close look on fundamental events during the week.
Due to High volatility, keep your SL &TP to manage RISK:REWARD Ratio
Trade Less…Trade On Perfect Levels….
18. WHAT DID CHART SAY, LAST WEEK?
CURRENCY TRADE ENTRY PRICE HIGH/LOW CLOSE MAX. PROFIT
GOLD
AUDUSD
Triggered But Didn’t Move!!!EURUSD
GBPUSD
USDCAD
USDJPY
TOTAL PROFIT IN PIPs