We start a new week and the second half of the year. Let's cover the important moments of the week together.
1- Russian Invasion in Ukraine
Russia has declared total victory in the Luhansk Region. The Ukraine side also confirmed that and they added they will reclaim with new operations. US and European countries started to fund Ukraine for rebuilding the Ukraine. So new money printing operations can start in developed countries.
2- US Factory Orders
We will receive US Factory Orders on Tuesday and that may give us some signals for a slowdown in the US Economy. High energy pieces are the main issue in the US and that will probably be a recession soon.
3- MBA Mortgage Applications in US
Housing market in US is giving mixed signals in the recent weeks. We have seen some rebound in new home sales but the prices have dropped more than %10. So we may see declining home sales prices first and then a slowdown in sales figures as a result of rising interest rates.
4- JOLTS Job Openings
Open Job positions in the US will be released on Wednesday. If we see decline in record high numbers then investors will be talking more about recession. As we hear of some layoffs recently the job openings can see some decline.
5- ADP and Non-Farm Payrolls
We will hear ADP Private sector employment data on Thursday and we will receive one of the most important macroeconomic datas of the week. Non-Farm Payrolls and Unemployment rate will be announced on Friday. As the FED is watching them closely the report will affect their interest rate decision at the end of July.
As you can see there are a lot of things happening in the market. You can make money with BUY and SELL orders. With Gann Markets you can invest in more than 100 Instruments. Start Trading Today!!