A1 Trading Company

Ticker tape by TradingView

July 10, 2021

Forex Market Recap (04-09 July 2021)

Bart Kurek

There weren't any significant economic or geopolitical catalysts to spark any notable moves in the forex markets this past week. COVID-19 updates pointed to an accelerated rate of new cases, especially in Asia. This prompted Japan to declare a state of emergency and ban spectators from the upcoming Olympic event. Nonetheless, we heard from the World Health Organization to urge extreme caution against completely lifting public health measures.

USD:

  • ISM Services PMI at 60.1 in June vs 64.0 in May
  • Fed staying patient in terms of tightening monetary policy
  • Job vacancy numbers are increasing
  • Optimism falls despite jobs recovery
  • Jobless claims rose to 373k, as job growth slows
  • Fed officials warn Delta variant is a threat to the economy

EUR:

  • Eurozone growth hits 15-year high
  • Sentix Investor Confidence at 29.8 in July vs 28.1 in June
  • German Manufacturing in May new orders down -3.7% in May
  • German Industrial Production at -0.3% in May
  • Retail trading volume u 4.6% in the eurozone
  • French trade balance at €6.6B
  • German exports at 0.3% in May
  • EU warns on the Delta variant spread
  • ECB won't seek deliberate inflation overshoot

GBP:

  • Strong recovery in the UK service activity continues, but cost inflation hits record high during June
  • Lockdown to end on July 19, PM Boris Johnson warns that pandemic is not over
  • UK house prices fell in June as the full stamp duty holiday ended
  • The UK economy grew just 0.8% in May as manufacturing troubles caused the rebound to lose steam

CAD:

  • BoC survey: Q2 business sentiment improves, economic recovery seen broadening
  • Ivey PMI shows activity expanding at fastest pace in three months
  • Large job gains in June with more to come

JPY:

  • Services economy sees softer fall in business activity
  • Wages in May show largest monthly gain since June 2018
  • Households cut spending from April level amid restrictions
  • Japan to declare COVID-19 emergency for Tokyo as it mulls Olympics without fans
  • Olympics will ban spectators after Japan declares state of emergency

AUD:

  • MI inflation gauge rebounded by 0.4% after the previous 0.2% dip
  • Retail sales up by 0.4% vs projected 0.1% uptick
  • ANZ job advertisements rose by 3.0% in June
  • Building approvals tumbled by 7.1%
  • The Reserve Bank of Australia does not expect to raise rates before 2024
  • Sydney enters another week-long lockdown on Delta variant spread

NZD:

  • Business outlook bounces back in Q2
  • BoNZ joins ASB in predicting OCR will rise in November

A1 Edgefinder

Smart Money Tracker
See where big money is flowing with the A1 Edgefinder's smart money tracker! With one click, see where the biggest money flows are entering and exiting through COT data.

10% off code: 'READER'

GET ACCESS NOW

VIP discord

Trade Alerts, Strategies, Chatrooms & more!

10% off code: 'READER'

LEARN MORE
What To Expect From Today's FOMC

Today at 2:00 pm EST, the Fed will announce their latest interest rate decision. Estimates suggest a smaller hike of 25 basis points this time around. Here are some things to consider before the FOMC decision later today: The Fed has struggled to tighten their grip on inflation without causing too much disturbance in the […]

Read More
The Art of Not Trading

With the holiday season lingering on and a new year on the cusp of arrival, traders may glance at the calendar and notice there is not much economic news to anticipate on Friday to cap off a light week. In situations like these where there can be lulls in bullish and bearish momentum due to […]

Read More
Best Currency to Buy?

As the fiscal year comes to a close, consumers will likely finish shopping for the holidays, and traders and investors will get some respite thanks to a long weekend due to bank holidays around the world. While concerns about further stock market selloffs may be lingering in the minds of some, a promising set of […]

Read More
DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
Home
Edgefinder
VIP
Menu
homesmartphonelaptopmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram