CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Three markets to watch next week (01.07.2022)

15:06 1 July 2022

Global markets remain under pressure from fears of recession. Indices continue to move lower with any jumps being rather short-lived. A pack of new data on the economy will be offered to markets next week, including FOMC minutes and NFP report. Will those reports help soothe investors' nerves or will they add fuel to the fire? Be sure to watch US500, EURUSD and AUDCAD next week.

US500

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Global stock markets underperformed this week amid rising risk of economic recession. One argument against the US recession is that the labor market remains strong. This will be put to a test this Friday, 1:30 pm BST with the release of the US NFP report for June. Market expects a 290k jobs gain, what would be the smallest increase this year. An underperforming jobs market would add to concerns and may pressure equities. However, it may also lead to slow down or even pause in rate hikes.

EURUSD

The Federal Reserve is in the midst of a rate hike cycle while ECB announced that it will start increasing rates at the next meeting. Both central banks will release minutes from its last meetings net  week. FOMC release (Wednesday, 7:00 pm BST) will show reasoning behind 75 basis point rate hike and whether a similarly big move is likely in July. EUR traders will look for hints on the pace of incoming tightening in ECB document (Thursday, 12:30 pm BST). 

AUDCAD

Apart from the US jobs report, investors will also get a jobs report from Canada (Friday, 1:30 pm BST). Bank of Canada has been hiking rates alongside Fed and continued strength in the jobs market may help it stay on a tightening course. Speaking of central banks, RBA will announce policy decision on Tuesday, 5:30 am BST. A 50 basis point rate hike to 1.35% is expected. Both Canadian jobs report and RBA decision are expected to boost volatility on AUDCAD.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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