The Euro Area will publish the GDP growth on Tuesday, at 12:00 MT time.
Will the European labor dynamic boost the EUR?
The European unemployment rate will be announced on Thursday at 12:00 MT time.
Instruments to trade: EUR/GBP, EUR/USD, EUR/JPY, EUR/CHF
As the businesses are reopening in the Eurozone, so are the labor statistics expected to bring positive changes to the picture. The unemployment rate was down to 6.4% in February and March, then it rose to 6.6% in April. The end of the second quarter is forecast to show a 7.2% of unemployed people in European countries. Hopefully, lifting the restrictions will improve the picture to ensure that indeed the economy in Europe had passed the bottom of this crisis as it was reported lately.
- If the European labor market improves, the EUR will rise.
- Otherwise, it will fall.
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
The European Central Bank will unveil the refinancing rate and make the monetary policy statement on April 30 at 14:45 MT.
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.