FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by out market experts each and every week!
With a new week comes new market opportunities. Here’s a recap of what you may have missed, as well as some highlights of the week ahead of us:
Catching you up on last week:
•Apple, Microsoft, Amazon, Alibaba, and Netflix hit all-time highs this week — together, the five companies are worth $5.8 trillion. That’s more than the annual GDP of Japan, a country of 126 million. 🤯
•Despite growing virus numbers, the US employment situation is on the mend, with both JOLTs Job Openings and Jobless Claims data coming in stronger than expected
•Crude oil inventories saw the biggest monthly spike in supply since the 1920s, confirmed the EIA
This week, keep an eye on:
•PepsiCo, Netflix, and big banks kick-off earnings season. How will PEP and NFLX fare from a world on lockdown?
•It’s a data-heavy week, with both the Bank of Canada and later ECB publishing and speaking on their respective interest rates and monetary policies
•Other notable events to follow include UK (MoM) GDP, Philly Fed’s Manufacturing Index and, based off last week’s data, oil inventories.
What else is happening in the news… 🔎
These are just some of the stories we think are worth reading
🎢 The Wall Street Journal looks at the r-oil-lercoaster since the pandemic broke out Oil Went Below $0. Some Think It Will Rebound to $150 One Day. Read more here.
💰 Forbes delves into the $2.5 trillion of debt belonging to S&P500 giants and how we got there. Read more here.
🛍️ Democrat contender, Joe Biden, urges the nation to Buy American
Biden challenges Trump with ‘Buy American’ economic plan. Read more here.
🚀 Robert Kiyosaki says Bitcoin is in, and traditional investment products are out. Read more here.
Save The Date(s)
Here are the reports, meetings and other fundamentals to follow this week
|July 15th||03:00||BoJ Outlook Report||JPY|
|July 15th||15:15||BoC Press Conference||CAD|
|July 16th||11:45||ECB Interest Rate Decision||EUR|
|July 16th||12:30||Philly Fed Manufacturing Index||USD|
*The above times are in GMT
Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.