This week is very strange, with a very quiet day on Monday, and all the main fundamental news items then crowded together towards the end of the week, with NFP on Thursday as a result of the 4th July celebrations in the US on Friday. Thursday could well prove to be a seminal day, as the ECB rate decision coincides with the NFP data, and this could prove to be the turning point for the US dollar, so an interesting week ahead. The US dollar index in particular is looking very weak at present, as shown on the daily chart.

Monday June 29th:

UK – 08:30 – Net Lending To Individuals M/M.
UK – 08:30 – Mortgage Approvals.
EU – 09:00 – GFK Consumer Confidence.

Tuesday June 30th:

GE -07:55 – German Unemployment Change.
EU – 08:00 – M3 Money Supply Y/Y.
EU – 08:00 – Private Loans Y/Y.
UK – 08:30 – Current Account.
UK – 08:30 – Final GDP Q/Q.
UK – 08:30 – Revised Business Investment Q/Q.
EU – 09:00 – CPI Flash Estimate Y/Y.
US – 13:00 – S&P/CS Composite 20 HPI Y/Y.
US – 13:45 – Chicago PMI.
US – 14:00 – CB Consumer Confidence.

Wednesday July 1st:

EU – 08:00 – Final Manufacturing PMI.
UK – 08:30 – Manufacturing PMI.
UK – 08:30 – Index Of Services 3M/3M.
US – 11:30 – Challenger Job Cuts Y/Y.
US – 12:15 – ADP Non Farm Employment Change.
US – 14:00 – ISM Manufacturing PMI.
US – 14:00 – Pending Home Sales M/M.
US – 14:00 – Construction Spending M/M.
US – 14:30 – ISM Manufacturing Prices.
US – 14:30 – Crude Oil Inventories.

Thursday July 2nd:

UK – 08:30 – BOE Credit Conditions Survey.
UK – 08:30 – Construction PMI.
EU – 09:00 – PMI M/M.
EU – 09:00 – Unemployment Rate.
EU – 11:45 – Minimum Bid Rate.
EU – 12:30 – ECB Press Conference.
US – 12:30 – Non Farm Unemployment Change.
US – 12:30 – Unemployment Rate.
US – 12:30 – Average Hourly Earnings M/M.
US – 12:30 – Unemployment Claims.
US – 14:00 – Factory Orders M/M.
US – 14:30 – Natural Gas Storage.

Friday July 3rd:
US Bank Holiday.

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