Despite US Holiday Week, Lots of data releases to ponder

DATA HIGHPOINTS FOR THE WEEK: — Japan Tankan Report…US ISM Manufacturing Data… US, Eurozone PMI Data… Royal Bank Australia, ECB, Bank of England monetary policy meetings, rate announcements… US, Eurozone Employment Data

US MARKET HOLIDAY SCHEDULE -EARLY CLOSES WEDNESDAY JULY 3RD…US MARKETS CLOSED THURSDAY JULY 4TH

Data in italics-high potential to influence markets

Sunday-11:50 PM Japan Tankan Index 4.0- actual release

Monday- 1:00 AM China PMI Manufacturing Index 50.1…7:48 AM France Manufacturing PMI (Purchasing Managers Index) 48.3…7:53 AM German Manufacturing PMI 48.7…7:56 AM Eurozone Manufacturing PMI 48.7…8:28 AM UK CIPS(Charted Institute of Purchasing & Supply)/ Makit Manufacturing PMI 51.3…8:30 AM UK Mortgage Approvals 54800, Bank of England (BOE) Net Consumer Credit GBP 300 million, BOE Secured Lending GBP 900 million, Bank of England publishes Q2 Fin Policy Meeting minutes…9:00 AM Eurozone HICP (Harmonized Consumer Price Index) Flash 1.6%, Eurozone Unemployment 12.3%…8:58 AM EST US Manufacturing PMI (Purchasing Managers Index) 52.4…10:00 AM EST US Construction Spending 0.6%US ISM Manufacturing Index 50.5

Tuesday-4:30 AM RBA (Royal Bank Australia) Monetary Policy meeting, RBA Overnight Rate Announcement 2.75%..8:30 AM UK CIPS (Charted Institute of Purchasing & Supply)/Markit Construction PMI 51.0…10:00 AM EST US Factory Orders 2.0%

Wed-1:30 AM Australia Trade Balance A$ 53 million…7:48 AM France Services PMI (Purchasing Managers Index) 46.5…7:53 AM German Services PMI 51.3, Eurozone Composite PMI 48.9, Eurozone Services PMI 48.6…8:28 AM UK CIPS (Charted Institute of Purchasing & Supply)//Markit Services PMI 55.0…9:00 AM Eurozone Retail Trade m/m 0.0%, y/y -1.5%…8:15 AM EST ADP Employment Survey (140-160,000)…8:30 AM EST US Initial Claims 345,000, US Trade Balance -$40.9 billion…10:00 AM EST ISM Non Manufacturing Index 55.5…10:30 AM EST EIA Supply (Crude Oil, Products, Refinery Capacity)…12:00 PM EST EIA Supply (Natural Gas).  Early Closes for US Futures Markets:  click CME Group, ICE Exchange

Thursday-11:00 AM UK Bank of England Monetary Policy Announcement, BOE APF (Asset Purchase Facility) Total GBP 375 Billion, BOE MPC (Monetary Policy Committee) Base Rate Announcement 0.5%…11:45 AM Eurozone ECB rate announcement 0.5%12:30 PM ECB post meeting press conference…US Market Holiday

Friday-10:00 AM German Factory Orders m/m 1.2%, y/y -0.0%…8:30 AM EST US Nonfarm Payroll (145-165,000), US Unemployment 7.5%

To open an account with me at Great Pacific Trading Company, as well as any questions or thoughts you would like to discuss, e-mail me at rroscelli@gptc.com

About the author-Richard Roscelli has been a member of the futures industry since 1994. His unique background in the Global Futures markets stems from his experience managing trading desks for major financial institutions and commodity trading advisors.

After earning an MBA in Global Business, Richard is now a co branch manager and licensed broker with Great Pacific Company of Las Vegas. He is a regular contributor to financial publications and websites focused on futures trading and alternative investments.

References

www.ft.com/research/Economic-Calendar

www.bloomberg.com

www.morningstar.com

www.cmegroup.com/trading

www.investinganswers.com/financial-dictionary

You can reach me at rroscelli@gptc.com for questions, comments, and information about opening an account with Great Pacific Trading Las Vegas. Follow me on Twitter @richardroscelli

**The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.

Click here FOR VIDEO COMMENTARY OF ECONOMIC CALENDAR

**The information and opinions contained herein comes from sources believed to be reliable, but are not guaranteed as to accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account. All funds committed should be risk capital. Past performance is not necessarily indicative of future results.

Great Pacific Trading Company Disclaimer:

This material has been prepared by a sales or trading employee or agent of Great Pacific Trading Company and is, or is in the nature of, a solicitation. This material is not a research report prepared by Great Pacific Trading Company’s Research Department. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.

 

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The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Great Pacific Trading Company believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.

 

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