The new week of July will be full of statistics, news from global Central Banks and, perhaps, fresh OPEC+ information. Miss volatility? It seems to be at the door.
Author: Anna Rostova
Another week of July is already here, and the expectations are neutral. It offers statistics – but not fatal, actions of Central banks – but predictable, and news – but pretty stable. It is high time to breathe out and relax a bit unless the news flow brings up something unexpected.
On Friday, July 3rd, the XRP cryptocurrency remains within a flat, trading at 0.1762 USD. It has a chance to escape it but needs a bright driver.
The new week when June ends and July begins, will be full of statistics, influencing the currency market. The coronavirus is showing itself again – hence, there will be no room for boredom.
By the end of June, the financial market has received almost all the information it expected. What is left are just statistics and the end of the quarantine — for the world to start functioning at a full scale. This week, there is the macroeconomic data planned for publication alongside general economic events — all in all, plenty of things to pay attention to.
The new week of June will bring about plenty of statistics and continue the season of Central Bank sessions. You will definitely not get bored; for now, investors are more interested in safe-haven assets, which may change the local exchange trend.
The oil cartel is keeping capital markets positive, while the labor market in the USA demonstrates hidden power. There is little that can spoil the investors' mood except for the overbought state of the market. In the new week, market players may go on buying until they decide that things are getting too expensive.
At the beginning of July, investors are unlikely to get bored - to tell you the truth, they have had no chance to get bored this whole year. On the macroeconomic calendar this week, there are more statistics than the market can work off; meanwhile, the sessions of Central Banks, the ECB being the leader, may provide us a clearer understanding of the future.
The last week of May will not be a calm time. There is no exact day of the end of self-isolation in Russia and the quarantine outside it; neither we know what that outer world has become like. This week, there is going to be much statistical data that may attract the attention of capital markets and a lot of geopolitical noise from the US and China, constantly angry with each other.
The crypto world keeps moving almost without a pause. While in the first half of May everyone was concentrated on the halving of the BTC, now investors may switch their attention to some other factors, which are no less interesting.