Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The US labor market is in focus again
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Once a week, the US Department of Labor publishes how many people filed for unemployment insurance. This is the most recent update on the employment data in the United States. Despite quite optimistic NFP last week when the indicator increased by 4 800K (vs. the forecast of 3 037K), the weekly unemployment claims for July 2 reached a higher level than expected. While analysts anticipated it to increase by 1 350K, the actual figures showed a rise of 1 427K.
- If the actual level of unemployment claims is lower, the USD will rise;
- If the actual level of unemployment claims is higher, the USD will fall.
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
The US retails sales are announced on Tuesday at 15:30 MT time.
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The United States will release the advance GDP growth rate for the previous quarter on July 30, at 15:30 MT time.
The Federal Open Market Committee will make its statement and announce the interest rate on July 29, at 21:00 MT time.