Determining the next EU key people can wait, The U.S. Huawei ban may be lessened by Trump, & Iran may have broken the nuclear agreement.
The ECB is committed to keeping its inflation mandate and will do all it can to keep inflation within its acceptable range of 2% or below. Affects the EUR
European Union leaders suspended talks on agreeing who should next hold the bloc’s key positions after a night of talks failed to produce a deal. Affects the EUR
President Trump said he would ease the ban on Huawei allowing some companies to sell tech to the Chinese company. Affects the S&P500
OPEC+ will be meeting in Vienna this week to finalize the decision to extend supply cuts until the end of 2019. Affects Brent
Unconfirmed – It was reported that Iran’s enriched uranium stockpile has passed the 300 kilogram limit under its nuclear deal. Affects Gold
The RBA Interest Rate Decision will be announced. The central banks decision will likely affect the AUD.
Britain’s Construction PMI will be released. By measuring how much construction managers are buying an idea of the strength of the economy can be gleaned. This may affect the GBP.
GBP:The U.K.’s BoE Gov Carney Speaks – about the banks plans for the coming weeks. This will likelt affect the GBP.
Agreements between the US and China to resume trade negotiations helped investors to continue the bullish game.
The index can grow to 3000, as it is within the borders of the expanding triangle formed by its support and resistance lines.
A great time to enter into a trend trade, however, momentum will be lost if quotes fall below 1.61600.
The zone between 295 and 300 is very strong. But if it is broken, buyers may to become active around 280 or 260 according to the Fibonacci levels.
GBP/CHF on this day in history
- Since 2006, July 2, has been a trading day 9 times.
- On 45% of those days the asset ended with growth.
- The maximum reinforcement range was 2.91%.
- The downtrends were limited to 1.07%.