Daily Update - 7th July 2020
The United Kingdom to release the quarterly and yearly GDP report which came out negative and ndicated the UK economy contracted more than 2% in the first quarter causing the currency to contine it depreciation against major currencies. Consumer Price Index from the Euro Zone was expected to remain unchanged but went up by 0.2% more than expected. The Tankan Manufacturing and non-manufacturing Index from Japan for the second quarter contracted as, follow by the Caixin Manufacturing PMI for the month of June which aslo came out positive boosting the confidence of investors First up will be German Manufacturing PMI, and German Unemployment Change from the Eurozone. Next will the Manufacturing PMI from the United Kingdom. This will be followed ADP Nonfarm Employment Change, ISM Manufacturing PMI, Crude Oil Inventories and FOMC Meeting Minutes from US. Yesterday’s Market
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