Economic calendar news 5th July 2019
Germany – factory orders data lower than expected in May
U.S. – The one to watch today, job and payroll data (non farm payrolls) due at: 13:30 (BST)
If the data comes in better than expected, the Fed may pause on potential rate cuts – how will this affect stock markets. A downward turn would become more likely. The trend here is important. Last month saw less jobs added than expected.
Good news, bad news – bad news, good news! We’ll see later.
So, good news may perversely push markets down as the likelihood of a rate cut recedes. On the other hand, positive news should demonstrate the economy is not slowing and therefore markets should go up, shouldn’t they?
This is not necessarily the case as markets could fall as an interest rate cut becomes less likely for investors. Good news, bad news – bad news, good news!
I’m not going to guess. We’ll see later and I’ll trade it then.
Canada – employment data due at: 13:30 (BST)
U.S. – Fed monetary policy report due at: 16:00 (BST)
Ongoing – U.S. & China trade war uncertainty continues to manifest – markets waiting for ongoing trade discussion updates, Fed interest rate cut (July rate cut speculation increases due to trade talks and weaker than expected economic data). U.S. job data due for release 5th. July 2019. Geopolitical tensions (U.S. & Iran). UK Brexit. Potential global economic slowdown concerns linger. DOW & S&P 500 set new records.
And more Trump tweets…