Other than Greece, the main event will be non-farm payrolls (on Thursday this coming week as Friday is being observed for Independence Day). Markets have begun pushing back the likelihood of rate hikes, as has Nomura Read more
FX Renew technical analysis video that looks at trading opportunities for the week ahead. By Sam Eder from FX Renew. Sam Eder is a macro currency trader, co-owner of premium Forex signals provider FX Renew and author of the 20-part Advanced Forex Course for Smart Traders (get free access). Read more
There have been three major developments on the Greek crisis over the last forty-eight hours, notes Deutsche Bank. "First, the Eurogroup meeting yesterday confirmed that the EFSF Greek loan program will expire on June 30th, without an extension... Read more
Tuesday - Greece should have a deal by June 30th, or face default. Until a deal is reached, market's attention will be 100% focus on the matter, ignoring macroeconomic data.
Thursday - Later on in the week, and with a US holiday on Friday, the country will release its Nonfarm Payroll report. The May reading has been stronger than expected, as the economy manage to create 280K new jobs, whilst the unemployment rate resulted at 5.5%. An improvement from these reading should boost the greenback, as once the Greek drama is over, focus will return to the FED's upcoming rate hike.
MONTHLY WEBINAR − Part II: News and NFP trading method
Expert: Nenad Kerkez
Start: Tue, Jun 30, 15:00 GMT
Type of Session: Webinar
Martin Armstrong, financial advisor and strategist, developer of the Economic Confidence Model, came to our office in Barcelona. Watch our exclusive interview