Week Of Big Changes In Europe

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Published Jul 6, 2020

Hello everyone,
Welcome to MegaBlockFX Market Watch.
I'm Duarte Bessone CEO of MegaBlockFX
Today as the main economic events:
AUD TD Securities Inflation (YoY)(Jun)
AUD TD Securities Inflation (MoM)(Jun)
GER Factory Orders s.a. (MoM)(May)
EUR Retail Sales (YoY)(May)
USD Markit Services PMI(Jun)
USD Markit PMI Composite(Jun)
USD ISM Non-Manufacturing New Orders Index(Jun)
USD ISM Non-Manufacturing PMI(Jul)
USD ISM Non-Manufacturing Employment Index(Jun)
USD ISM Non-Manufacturing Prices Paid(Jun)
CAD Bank of Canada Business Outlook Survey
NZD NZIER Business Confidence (QoQ)(Q2)

This week there will be a big change in Eurozone since Germany will take the leadership of Europe and will have a huge challenge ahead. It will have to deal with the impact of COVID-19 in the European countries and their economy as well as dealing with the Brexit deal.
The British Prime Minister Boris Johnson doesn’t want a deal expecting to have the same trade agreements that northern countries have.

EUR/USD keeps on the bullish side and close to 1.1300 level

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