Free Forex And Gold Signals

Good day traders! Just closed a 25 pip profit while watching the Netherlands won their respective match against the hard fought Slovakia.

Its too late to give my daily review but I believe fundamentally these news are worth of reading:

1. U.S. Personal Income and Outlays, a measure of the income received and purchases made by consumers, released along with the Personal Consumption and Expenditures Price Index, a leading indicator of inflation preferred by the Fed because it measures a variable basket of goods and services, as opposed to the CPI (Consumer Price Index) which measures a fixed basket of goods and services, Monday, June 28, 8:30 a.m.
   The core PCE Index is expected to confirm that inflationary pressures in the U.S. remain flat at 0.1%, same as the previous month’s reading, while consumer spending inches up by 0.1%.
2. USD – U.S. Consumer Confidence Index of consumers’ outlook on present and future economic conditions, Tuesday, June 29, 10:00 a.m. The consensus forecasts point to a decline in consumer confidence to 62.6 from 63.3.
3. EUR – Euro-zone HICP (Harmonized Index of Consumer Prices), the main measure of inflation in the Euro-zone and the European Union’s equivalent to the CPI (Consumer Price Index), Wednesday, June 30, 5:00 a.m. The Euro-zone inflation could pull back to 1.5% y/y in June from 1.6% y/y in May.
4. USD – U.S. ADP-Automatic Data Processing Employment Report, a measure of jobs lost or added to the private sector of the economy, also serving as a preliminary estimate for the outcome of the monthly non-farm payrolls, Wednesday, June 30, 8:15 a.m.
   The private sector of the U.S. economy is expected to add 58,000 new jobs in June compared with 55,000 jobs in May. This makes a total of only 3,000 new jobs-a rather low jobs creation and a potential warning sign of things to come with Friday’s non-farm payrolls.
5. USD – U.S. ISM Manufacturing Index, a leading indicator of industrial activity, where a reading above or below 50 is the dividing line between economic expansion and contraction, Thursday, July 1, 10:00 a.m.
   The manufacturing sector, which has been the leader of the U.S. economic recovery, could register another month of growth, but this time with a slight pullback to 58.9 in June from 59.7 in May.
6. USD – U.S. Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of new jobs created or lost in the world’s largest economy, Friday, July 2, 8:30 a.m.
   With the alarmingly low private sector jobs creation and the Government not hiring as many temporary census workers as they did in the previous month, this could turn out to be a disappointing employment situation report. The consensus forecasts anticipate the U.S. economy to lose anywhere from 70K to 103K jobs and the unemployment rate to increase to 9.8% in June from 9.7% in May.

Just a quick share with you guys, according to Bloomberg, more than 90 percent of the 141 respondents, which have a total market capitalization of $2 trillion, say the euro will remain below $1.30 by the end of the year. The average forecast, weighted by the size of the companies, fell to $1.22, from $1.34 in the March survey.

What say you?

Happy trading!