Forex news and the most important events on the economic calendar this week from 2 to 6 July

During this week, investors’ attention will turn to many important forex news, represented in the minutes of the last meeting of the Federal Reserve, which is scheduled to be issued later on Thursday, especially after “Jerome Powell” Chairman of the Board mentioned in his statements during a forum of global banks, during which he referred to Continuing to increase US interest rates gradually during this year.

Global markets are also awaiting with great interest many important data on the US economy about the manufacturing and services sectors in the United States, in addition to the monthly report on new jobs in the US non-farm sector for the month of June.

Forex news

Forex news

Here are the most important forex news this week

Monday 2 July

China is set to release its data on the Caixin manufacturing index, and Britain is to publish its data on the UK manufacturing activity sector. The financial markets in Canada are scheduled to remain closed for public holidays in the country, and in the United States is scheduled to The Institute of Supply Management publishes a report on the reading of the manufacturing index.

Tuesday 3 July

New Zealand will announce its data on business confidence, Australia will release its latest report on building permits, on the other hand, the Reserve Bank of Australia will announce the benchmark interest rate, in addition to publishing a statement on policies that determine economic conditions and factors that will Influencing monetary policy decision, and in the UK several important statements about construction activity are due to be released.

Wednesday 4th July

Australia will disclose its data on retail sales in addition to other data on trade, and in China, several important data will be released about the reading of the “Caixin” index of services, and Britain will publish its data on the activity of the services sector, on the other hand, it is scheduled to Financial markets in the United States are closed for public holidays in the country on the occasion of "Independence Day".

Thursday 5 July

Later today, Mark Carney, Governor of the Bank of England, is scheduled to speak, and in the United States, ADP will publish its report on US non-farm jobs, in addition to the weekly report on initial jobless claims, as well as The Institute of Supply Management will reveal the reading of its non-manufacturing index. Today, the Fed is also scheduled to publish the minutes of its last meeting, which was held in the month of June.

Friday 6 July

The United Kingdom will release its monthly report on house price inflation, Canada will release its latest employment report, and the United States will conclude this week’s trading by releasing its monthly report on new jobs in the US non-farm sector for the month of June. .

Mohamed Abdel Khaleq

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