Economic Data Highlights (US & Europe):
A busy day for economic indicators, particularly out of the US.
Durable Goods Orders (May): Markets will watch for signs of resilience or weakness in US manufacturing, with core capital goods orders acting as a proxy for business investment.
Chicago Fed National Activity Index: Could offer a broader snapshot of US economic momentum ahead of the July FOMC.
Pending Home Sales: Will shed light on housing market trends amid fluctuating mortgage rates.
Advance Goods Trade Balance & Wholesale Inventories: These will feed into Q2 GDP tracking estimates.
Kansas City Fed Manufacturing Activity (June): Regional data may add color to the broader ISM picture.
Initial Jobless Claims: As always, a key gauge of labor market tightness.
Germany GfK Consumer Confidence (July): Expected to reflect persistent economic pessimism, weighing on EUR sentiment.
Central Bank Speakers:
A full slate of Fed, ECB, and BoE commentary may offer insight into diverging policy paths.
Fed’s Barkin, Hammack, and Barr could provide updates on inflation dynamics and balance sheet strategy.
ECB’s Schnabel and Guindos may hint at the pace of further policy easing amid eurozone stagnation.
BoE’s Governor Bailey and Deputy Governor Breeden speak following recent UK inflation and growth data, with focus on the rate outlook into Q3.
Corporate Earnings:
Nike (NKE): Focus will be on forward guidance and China recovery amid margin pressure and inventory management.
H&M: May offer cues on European consumer demand and retail sector performance.
Other Key Events:
European Council Summit (Brussels, through June 27): Leaders gather to discuss key policy areas including fiscal rules, Ukraine aid, and EU top jobs. Potential EUR sensitivity depending on political developments.
US 7-Year Note Auction: Watch for demand and yield levels, as Treasury issuance remains in focus amid deficit concerns.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
A busy day for economic indicators, particularly out of the US.
Durable Goods Orders (May): Markets will watch for signs of resilience or weakness in US manufacturing, with core capital goods orders acting as a proxy for business investment.
Chicago Fed National Activity Index: Could offer a broader snapshot of US economic momentum ahead of the July FOMC.
Pending Home Sales: Will shed light on housing market trends amid fluctuating mortgage rates.
Advance Goods Trade Balance & Wholesale Inventories: These will feed into Q2 GDP tracking estimates.
Kansas City Fed Manufacturing Activity (June): Regional data may add color to the broader ISM picture.
Initial Jobless Claims: As always, a key gauge of labor market tightness.
Germany GfK Consumer Confidence (July): Expected to reflect persistent economic pessimism, weighing on EUR sentiment.
Central Bank Speakers:
A full slate of Fed, ECB, and BoE commentary may offer insight into diverging policy paths.
Fed’s Barkin, Hammack, and Barr could provide updates on inflation dynamics and balance sheet strategy.
ECB’s Schnabel and Guindos may hint at the pace of further policy easing amid eurozone stagnation.
BoE’s Governor Bailey and Deputy Governor Breeden speak following recent UK inflation and growth data, with focus on the rate outlook into Q3.
Corporate Earnings:
Nike (NKE): Focus will be on forward guidance and China recovery amid margin pressure and inventory management.
H&M: May offer cues on European consumer demand and retail sector performance.
Other Key Events:
European Council Summit (Brussels, through June 27): Leaders gather to discuss key policy areas including fiscal rules, Ukraine aid, and EU top jobs. Potential EUR sensitivity depending on political developments.
US 7-Year Note Auction: Watch for demand and yield levels, as Treasury issuance remains in focus amid deficit concerns.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.