Axi Trader 45 Second Weekly Look Ahead | 2 July 2018
Monday through Thursday of next week is peppered with assorted PMI readings from the UK and Eurozone. The significance here is that the market is looking for indications that either of those economies are running out of steam. Any suggestion that this is happening will see pressure heaped onto Pound or Euro crosses accordingly.
Being a new month, we also have US non-farm payrolls to look forward to on Friday with the usual flourish of volatility this brings. However, concern is also creeping in that Trump’s trade tariffs are stifling growth across the Atlantic. Against this uncertainty, the safe haven lure of the dollar may put the greenback in pole position.
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