Zooe Economic Calendar Analysis for CFD Traders: July 8-12, 2024

Zooe Economic Calendar Analysis for CFD Traders: July 8-12, 2024

Stay ahead in the market with Zooe’s economic calendar analysis for July 8-12, 2024

As CFD traders with Zooe, it is essential to stay informed about upcoming economic events that may impact the financial markets. This week’s key events, scheduled from July 8 to July 12, 2024, are provided in GMT time zone.

Monday, July 8, 2024

No major economic events are scheduled for this day. However, it’s an excellent opportunity to review and adjust your trading strategies, monitor open positions, and prepare for the week ahead.

Tuesday, July 9, 2024

15:00 – USD: Fed Chair Powell Testifies

  • Impact: This event is significant for all USD-related pairs, such as EUR/USD, GBP/USD, and USD/JPY. Fed Chair Jerome Powell’s testimony can influence market perceptions of future monetary policy, impacting interest rates and the broader market sentiment.
  • Financial Derivatives: Currency pairs (Forex), indices like S&P 500, Dow Jones, and commodities priced in USD (e.g., gold and oil).

Wednesday, July 10, 2024

02:00 – NZD: RBNZ Interest Rate Decision

  • Impact: The Reserve Bank of New Zealand’s interest rate decision is crucial for NZD pairs such as NZD/USD and AUD/NZD. Changes in interest rates can lead to volatility in currency markets.
  • Financial Derivatives: Currency pairs, New Zealand stock indices, and related commodity markets.

17:00 – USD: 10-Year Note Auction

  • Impact: The auction results can influence bond yields, which in turn affect the USD and stock markets. Higher demand can lead to lower yields and a stronger USD.
  • Financial Derivatives: Treasury bonds, currency pairs, and stock indices.

Thursday, July 11, 2024

06:00 – GBP: GDP (MoM) (May)

  • Impact: The UK GDP data can impact GBP pairs such as GBP/USD and GBP/JPY. Strong GDP growth could strengthen the GBP, while weaker data might have the opposite effect.
  • Financial Derivatives: Currency pairs, UK stock indices (e.g., FTSE 100), and related ETFs.

06:00 – EUR: German CPI (MoM) (Jun)

  • Impact: As the largest economy in the Eurozone, Germany’s CPI data can significantly influence the EUR. Key pairs to watch include EUR/USD and EUR/GBP.
  • Financial Derivatives: Currency pairs, German stock indices (e.g., DAX 30), and European ETFs.

12:30 – USD: Core CPI (MoM) (Jun) 12:30 – USD: CPI (YoY) (Jun) 12:30 – USD: CPI (MoM) (Jun) 12:30 – USD: Initial Jobless Claims

  • Impact: These data points are critical for gauging US inflation and employment trends. They can influence the USD and stock market movements.
  • Financial Derivatives: Currency pairs, US stock indices, commodities (gold, oil), and US Treasury bonds.

17:00 – USD: 30-Year Bond Auction

  • Impact: Similar to the 10-Year Note Auction, the results can impact bond yields and the broader market sentiment.
  • Financial Derivatives: Treasury bonds, currency pairs, and stock indices.

Friday, July 12, 2024

12:30 – USD: PPI (MoM) (Jun)

  • Impact: The Producer Price Index measures the average changes in prices received by domestic producers for their output. It’s a leading indicator of consumer inflation.
  • Financial Derivatives: Currency pairs, stock indices, and commodities.

Zooe’s Trading Advantages

Zooe offers a range of advantages for traders:

  • High Leverage: With leverage up to 500x, traders can maximize their potential returns.
  • No Commission Fees: Enjoy zero commission on trades, ensuring cost-effective trading.
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For more information and to download the Zooe app, visit Zooe Download.

Risk Reminder

Trading CFDs involves significant risk and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Past performance is not indicative of future results. Always trade responsibly.

Stay informed and trade smarter with Zooe.

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