Table of Contents

You may also like:

The Week Ahead – COVID-19 and Geopolitics Are in Focus along with Stats and the RBA

For the Dollar:

On Monday, the markets preferred and highly influential ISM Non-Manufacturing PMI for June is due out.

As the markets monitor labor market conditions, May’s JOLTs job openings on Tuesday will also draw attention.

The focus will then shift to the weekly jobless claims on Thursday. A pause in reopening across the most populous states of the U.S will not help bring the numbers back down to palatable levels…

At the end of the week, wholesale inflation figures for June will likely have a muted impact on the markets…

According to Trading Central (3rd party RIA) the USDJPY is short positions below 108.20 with targets at 106.00 & 104.50 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10806592

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 106.00
1€ 2,965.07€ 1,482.54€ 1,203.50
5€ 14,825.36€ 29,650.71€ 6,017.50
10€ 29,650.71€ 59,301.43€ 12,035.00
25€ 74,126.79€ 148,253.57€ 30,087.50
50€ 148,253.57€ 296,507.15€ 60,175.00



For the EUR:

It’s a relatively quiet week ahead on the economic data front.

Germany is in focus throughout the week. Key stats include May’s factory orders, industrial production, and trade figures.

We would expect factory orders and industrial production to have the greatest influence. These are figures from May, however, that should limit any material impact on the EUR.

From the Eurozone, retail sales figures on Monday will likely have a muted impact on the EUR.

Consumer spending and a bounce back in service sector activity remain key to a swift economic recovery. Following last week’s member state numbers, however, there shouldn’t be too many surprises.

From the EU, economic forecasts are due out on Wednesday that will garner plenty of attention. With the recent uptick in private sector activity and bounce back in consumption, the markets will want some better forecasts…

The EUR/USD ended the week up by 0.26% to $1.1248.

According to Trading Central (3rd party RIA) the EURUSD is long positions above 1.1100 with targets at 1.1375 & 1.1495 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10806594

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.1375
1€ 3,333.33€ 1,666.67€ 1,128.90
5€ 16,666.67€ 8,333.33€ 5,644.51
10€ 33,333.33€ 16,666.67€ 11,289.03
25€ 83,333.33€ 41,666.67€ 28,222.57
50€ 166,666.67€ 83,333.33€ 56,445.15

For the Pound:

Key stats include June’s construction PMI, 1st quarter labor productivity numbers, and house price figures.

Don’t expect the stats to have any material influence on the Pound, however.

Brexit chatter will likely be the key driver in the week. The EU and Britain continue to fail to find common ground.

Market risk sentiment will also be key, with any jump in COVID-19 numbers Pound negative.

The GBP/USD ended the week up by 1.19% to $1.2483.

https://www.fxempire.com/news/article/the-week-ahead-covid-19-and-geopolitics-are-in-focus-along-with-stats-and-the-rba-659176

According to Trading Central (3rd party RIA) the GBPUSD is short positions below 1.2540 with targets at 1.2245 & 1.2060 in extension.

* Past performance is not a guarantee of future performance

https://europefx.tradingcentral.com/Product?PK_ANALYSE=10806586

Number of Lots:Required Margin:Risk Management (50%):Potential Profit/Loss 1.2240
1€ 3,700.83€ 1,850.41€ 2,151.14
5€ 18,504.13€ 37,008.25€ 10,755.69
10€ 37,008.25€ 74,016.51€ 21,511.38
25€ 92,520.63€ 185,041.26€ 53,778.45
50€ 185,041.26€ 370,082.53€ 107,556.90