Weekly Forex Outlook: 25/06/2021 – Dollar’s fortunes hang on Nonfarm payrolls
June 25, 2021 12:50 pm
With the Fed’s bombshell still resonating in the markets, all eyes will be on the next edition of nonfarm payrolls. It could single-handedly determine whether investors spend the summer positioning for a withdrawal of cheap money, or whether all that is premature. In the big picture, we seem headed for a period of ECB/Fed divergence, which could ultimately spill over into euro/dollar.
Risk Warning: 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
With the Fed’s bombshell still resonating in the markets, all eyes will be on
the next edition of nonfarm payrolls. It could single-handedly determine
whether investors spend the summer positioning for a withdrawal of cheap
money, or whether all that is premature. In the big picture, we seem
headed for a period of ECB/Fed divergence, which could ultimately spill
over into euro/dollar.
0:00 Intro
0:10 Fed tapering signals
1:45 Monetary Policy Divergence
2:26 Nonfarm payrolls report
3:30 Euro area inflation
4:15 ECB policy
Risk Warning: 78.28% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
Watch our ”Weekly Forex Review and Outlook” to catch up on the past week’s main events and their impact on major currencies and also find out what important economic data will be coming up in the future.
Visit our page for more: http://www.xm.com the international Forex broker.
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