FUNDAMENTALS


GMT Times

11:45 EUR Deposit Facility Rate ? -0.40% -0.40%

“”The deposit facility is the rate which banks may use to make overnight deposits with the Eurosystem.””


11:45 EUR Interest Rate Decision (Jun) ? 0.00% 0.00%

“”The six members of the European Central Bank (ECB) Executive Board and the 16 governors of the euro area central banks vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

A higher than expected rate is positive/bullish for the EUR, while a lower than expected rate is negative/bearish for the EUR.””



12:15 USD ADP Nonfarm Employment Change (May) ? 175K 156K

“”The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government's non-farm payroll report. The change in this indicator can be very volatile.

A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.””



12:30 USD Unemployment Claims in 4 hours ? 270K 268K

“”Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.

A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.””





Good Luck.....!!!
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