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04 Jul 2021
3 min read

Economic Calendar Updates – 07/07

Economic Calendar Updates

*OspreyFX would like to state that traders should research extensively before following any information given hereby. Any assumptions made in this article are provided solely for entertainment purposes and not for traders to guide or alter their positions. Please read our Terms & Conditions and Risk Disclosure for more information.

Key Takeaways

  • US trading will be closed on Monday due to the Independence Day
  • The Australian central bank will announce its interest rate decision on Tuesday

As the first full week of trading for the second half of 2021 kicks in, the financial markets lay out a relatively calm and quiet economic calendar for traders and investors. The scheduled economic updates will be concentrated primarily on Britain, but will also include news from Australia, Canada, and the US.

On Monday, the US will be taking a break in honor of Independence Day, July 4. Wall Street stocks will not be traded on exchanges, alongside bonds. European markets, on the other hand, will be open for trading and will be operating under normal conditions. The UK will release its composite and services PMI reports for June at 04:30 am EST.

On Tuesday, American market participants will return to trading equities as US markets will be working normally. At 00:30 am EST, the Australian central bank will announce its interest rate decision. The Reserve Bank of Australia is expected to leave interest rates unchanged at the ultra-low level of 0.10%.

Key UK Data for May

Later, at 04:30 am EST, the UK will follow with its construction PMI report for June. Germany is next with the German ZEW Economic Sentiment, also for June, at 05:00 am EST. The US will publish its ISM non-manufacturing PMI index for June at 10:00 am EST.

On Wednesday, Canada will release its Ivey purchasing managers index (PMI) for the previous month at 10:00 am EST, and Friday is reserved for the UK and Canada. The United Kingdom will publish its manufacturing production for May on a monthly basis at 02:00 am EST while Canada will release its employment change report for June at 08:30 am EST.

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