Financial Market Weekly Digest

 [] [FXOpen]( Any questions? [Email us](mailto:support@fxopen.co.uk?subject=) [Financial Market News] Did you know that pairing up your coffee break with our weekly trader’s schedule is a great way to plan your week? Our experts have compiled a list of the most significant data releases for the June 28 - July 2 trading week, to make it easier for you to plan your trading setup. [ [Trade now]( Tuesday, June 29 Germany: to release its Inflation Rate YoY Prelim report Previous: 2.5% Consumer prices account for the majority of overall inflation, and inflation is important to currency valuation (rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate). In Germany, the most important categories in the consumer price index are housing, water, electricity, gas & other fuels (32%), transport (13%), recreation, entertainment & culture (11%) and food & non-alcoholic beverages (10%). US: CB to release its Consumer Confidence report Forecast: 118.8 (previous: 117.2) Derived by surveying thousands of households. The respondents are asked to rate the relative level of current and future economic conditions including labor availability, business conditions, and overall economic situation. Wednesday, June 30 China: NBS Manufacturing PMI Previous: 51.0 The NBS Manufacturing Purchasing Manager Index measures the performance of the manufacturing sector. It is derived via a survey of large-scale state-owned companies. It's a leading indicator of economic health. UK: GDP Growth Rate YoY Final (Q1) report release Forecast: -6.1% (previous: -7.3%) The UK is the sixth largest economy in the world and the second largest in Europe (after Germany). Germany: to release the Unemployment Change & Unemployment Rate reports Unemployment change (previous: -15K) measures the absolute change in the number of unemployed people in the reporting month. It is an important indicator of economic health. While the unemployment rate (previous: 6%) accounts for the number of people actively looking for a job as a percentage of the labour force. Thursday, July 1 US: to release its Markit Manufacturing PMI Final & ISM Manufacturing PMI reports MM PMI Final: Previous: 62.1 The Index measures the performance of the manufacturing sector and is derived from a survey of about 600 industrial companies. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction. ISM Manufacturing PMI Forecast: 61 (previous: 61.2) The report is based on data compiled from purchasing and supply executives nationwide. A PMI reading above 50% indicates that the manufacturing economy is generally expanding; below 50 percent indicates that the opposite is the case. OPEC-JMMC Meetings The Organization of Petroleum Exporting Countries and Joint Ministerial Monitoring Committee meetings are attended by representatives from the 13 OPEC members and 11 other oil-rich nations. They discuss a range of issues regarding energy markets, and, most importantly, decide on the amount of oil they will produce. Friday, July 2 Canada: to release the Balance of Trade report Previous: C$0.59B Measures the difference in value between imported and exported goods for the reported month. Export demand is closely tied to currency demand since foreigners must buy the domestic currency to pay for the nation's exports. Export demand also impacts production and prices for domestic manufacturers. Between 1970 and 2008, Canada had been recording trade surpluses every year. From 2009, the trade balance shifted to deficit, with an exception of 2011 and 2014. US: to roll out its Non-Farm Payrolls & Unemployment Rate (forecast: 5.7%; previous: 5.8%) reports NFP Forecast: 600K (previous: 559K) It is an employment report. Heavily impacts the US dollar, the bond market and the stock market, since job creation is an important leading indicator of consumer spending. [Deposit now]( Best of luck with your trading, The FXOpen UK Team [Human score](  [Trustpilot Stars](  [number of reviews](  [Trustpilot Logo]( [( [Facebook]( [Twitter](    RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk. Copyright © 2021 FXOpen UK, All rights reserved. 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