The Economic Calendar for 6-12 July 2020

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1.) European Union Retail Sales month/month
WHEN: 6 July, 2020

WHAT IT INFLUENCES: EUR (and all EUR pairs), GER30, ESP35, EUSTX50, FRA40

WHAT'S HAPPENING:

Retail sales, month/month is an indicator of changes in the volume of retail sales of goods and services in the eurozone in the reporting month compared to the previous one. The calculation is corrected to inflation; for this purpose a special deflator is introduced. Economists consider change in retail sales as one of the key indicators of consumer spending and consumer activity.

In turn, these indicators affect the inflation rate in the eurozone. The more consumers spend, the higher inflation is and the more actively the economy grows. Thus, the increase in retail sales in the eurozone may positively affect the quotes of the euro.


2.) ISM United States Non-Manufacturing Purchasing Managers Index (PMI)

WHEN: 6 July, 2020

WHAT IT INFLUENCES: USD (and all USD pairs), SPX500, US30, NAS100

WHAT'S HAPPENING:

ISM United States Non-Manufacturing Purchasing Managers Index (PMI) reflects business conditions and activity in the US services sector in the reporting month. The service sector makes a major contribution to the country's GDP, which is why the PMI is considered to be a leading indicator of a beginning recession or, conversely, growth.

Purchasing managers of companies usually 'feel the rhythm of the market' earlier than the rest of their colleagues, as they work in the short term and are able to assess the changing economic conditions trends. The index comes out earlier than GDP and reports of the U.S. Bureau of Labor Statistics, therefore, it serves as a leading indicator.

3.) U.S. JOLTS Job Openings
WHEN: 7 July, 2020

WHAT IT INFLUENCES: USD (and all USD pairs), SPX500, US30, NAS100

WHAT'S HAPPENING:

JOLTS Job Opening is a monthly report on open vacancies in the U.S. retail, manufacturingб and office sectors on the last business day of the month. The growth of vacancies, on the one hand, favorably characterises the state of the economy, but if unemployment continues to grow, this indicates an imbalance in the labor market and a lack of skilled labour.

Long-term observations of the ratio of open vacancies and their occupancy are used to adjust education and training programs at the state level.

In general, an increase in the number of vacancies favorably affects dollar quotes.

Thank me later.