Non-Farm Payrolls – Banc De Binary Ahead of the Week Report 30/6 – 04/7 2014



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Coming to you from Banc De Binary’s Trading Room – Banc De Binary’s research department – welcome to Ahead of the Week Report for June 30th – July 4th, 2014. All times are GMT.

BDB has a trader alert this week, remember that the Non Farm Payrolls event is held on Thursday July 3rd this month, due to the public holiday in the US on Friday July 4th.

The trading week starts with a major event in the EU on Monday the 30th, when the European Union releases its annual Consumer Price Index for June at 9am. Analysts are expecting an inflation figure of 0.6 percent, compared to the previous number of 0.5 percent. If that slight rise does not materialize, fears over deflation in the EU may have an impact on the EURO crosses, particularly the EUROUSD.

Later on in the day at 12.30, Canada’s monthly GDP for April figure is due out. Previously, GDP rose by 0.1 percent on a monthly basis. Analysts are still eyeing the weak growth data for the first quarter of 2014, with some saying that provinces like Alberta could drive GDP growth into stronger territory. Keep an eye out for possible action on CAD crosses.

Tuesday July 1st starts a new month and new trading opportunities with Australia’s Reserve Bank of Australia’s Interest Rate Decision at 04.30 AM. No change is expected from 2.5 percent. A little bit of background for you on Australia’s interest rate decisions — 2.5 percent is a record low for the RBA, as it seeks to support economic growth and boost demand. Australia’s cash rate was as high as 17.5 percent in 1990, and averaged 5.26 percent between 1990 and 2014.

Later on in the day, at 7.50 AM, Germany releases its Unemployment Rate for June – expected to remain unchanged at 6.7 percent. As always with German data, if there are any nasty surprises, volatility can make an appearance. The EU’s Unemployment Rate for May is also due out at 9 AM – analysts expect it to remain unchanged at 11.7 percent.

These are the main events for Tuesday, and remember that BDB’s full Economic Calendar can be found in The Trading Room, just ask your Account Manager for more details.

On Wednesday July 2nd, the EU releases its annual Q1 GDP data, very important for EURO cross traders. It was previously 0.9 percent. The Eurozone is still in a delicate phase of recovery from the worldwide recession that started in 2008, so economic data is still very much in play when it comes to currency price movements.

The US releases ADP Employment Change for June, expected to rise to 205K from 172K previously.

Thursday brings many trading opportunities in the EU and US. At 11.45 AM, the ECB releases its Interest Rate Decision – a reminder that it was lowered to 0.15 percent last time round, so investors are watching carefully to see what the latest signals are from Europe’s Central Bank. Look out for the press conference that follows at 12.30, for any off-the-cuff comments from ECB chief Mario Draghi.

At 12.30, NonFarm Payroll figures are released, with analysts expecting a fall from 217K to 213K and all eyes on USD crosses and Gold.

After a heavy trading week, Friday the 4th should be a quiet day because of the public holiday in the US, with little in the way of major data releases.

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