Market Analysis

04 Jun

UK Construction PMI is forecast to rise to 29.5 this morning from 8.2 previously. The high light of the calendar today is the ECB Monetary Policy Statement and Press Conference in the early afternoon. The ECB is expected to keep rates on hold at 0.00%. US Unemployment Claims are forecast to rise by 1.82M from 2.12M previously. ...Read More

03 Jun

The economic calendar is focusing on Services PMI data today. UK Final Services PMI is expected to rise a little to 27.9 from 27.8. G7 meetings are taking place today. US ADP Non-Farm Employment Change is expected to come in at 9.0M from 20.236M last week. Later in the afternoon, the Bank of Canada will publish its Rate Statement and Rate Decision. ...Read More

02 Jun

This morning UK Mortgage Approvals data is expected to show a decline to 34K from 56K. In the afternoon, US Wards Total Vehicle Sales are forecast to rise to 11.1M from 8.6M. ...Read More

About the author

Phillip Konchar

Beginning with unleveraged equities and progressing via equity margin trading, versatile CFDs and spread betting, Phillip Konchar has successfully curated a career as a dynamic financier. Currently CEO at www.TraderCast.com, he joins us as a Guest Writer.

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