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Market Review 30 June 2020

Jun 30, 2020 (09:54)

by Constantinos Loizou

In the Economic calendar of today we can expect some volatility in EUR, USD and GBP
At 06:00 (GMT) the Gross Domestic Product was released by the National Statistics of UK
Gross Domestic Product is a measure of the total value of all goods and services produced by the UK. The results were worse than expected by 0.2% at -2.2%.
At 09:00 (GMT) the Euro Consumer Price Index (CPI) was released by the Eurostat
The CPI captures the changes in the price of goods and services. The results were better than expected by 0.2% at 0.3%.
At 14:00 (GMT) the Consumer Confidence will be released by the US Conference Board.
The Consumer Confidence captures the level of confidence that individuals have in economic activity. Generally, a high reading is also positive for the USD, while a low reading is negative.
At 14:00 (GMT) the Secretary of the Treasury Steven Terner Mnuchin, will give a speech.
At 16:00 (GMT) Federal Reserve Chair Jerome Powell will testify before Congress, providing a broad overview of the economy and monetary policy.

The original content of this Market Update is done in the English language. Any other language translation is provided for the sake of convenience. In case of any inconsistencies between the original English version and any other language, the original English version shall prevail.

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