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Fundamental Analysis
Market Analysis by Vistabrokers
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[QUOTE="Vistabrokers, post: 85799, member: 32993"] [b]Market Pulse 07/03[/b] [img]http://www.hostpic.org/images/1506231053470095.jpg[/img] On Friday, in many countries will be published index of business activity in the service sector and the PMI composite index, which usually have an average impact on the market. In the US today markets do not work because of Independence Day, so liquidity during the US trading session will be low. 1:30 *** Retail Sales - May (Australia) Strong impact on the market (AUD). The rate growth (forecast exceeding) reflects higher consumer activity that supports the currency, suggesting a tight monetary policy in the future. 1:35 ** Services PMI - June (Japan) 1:35 ** PMI Composite - June (Japan) Moderate impact on the market (JPY). The index of purchasing managers in the services sector. Shows improvement (> 50) or degradation (<50) of the situation in comparison with the previous month. The rate growth or the forecast exceeding are favorable for the currency. In Japan indexes are expected to decline in June. 1:45 ** HSBC Services PMI - June (China) 1:45 ** HSBC PMI Composite - June (China) Moderate impact on the market. The index of purchasing managers in the services sector. Shows improvement (> 50) or degradation (<50) of the situation in comparison with the previous month. The rate growth or the forecast exceeding are favorable for the currency. In China indexes are expected to increase in June. 7:15 ** Services PMI - June (Spain) 7:15 ** PMI Composite - June (Spain) 7:45 ** Services PMI - June (Italy) 7:45 ** PMI Composite - June (Italy) 7:50 ** Services PMI - June (France) 7:50 ** PMI Composite - June (France) 7:55 ** Services PMI - June (Germany) 7:55 ** PMI Composite - June (Germany) 8:00 ** Services PMI - June (euro zone) 8:00 ** PMI Composite - June (euro zone) Moderate impact on the market (EUR). Forecasts suggest that the average performance of the services sector in the euro zone in June, will remain at the level of May. In Spain a slight decrease is expected, and in Italy - a slight increase. In the current tense situation, the data are unlikely to have an impact on the market, except in the case of strongly diverge from forecasts. 8:30 *** Services PMI - June (UK) 8:30 ** PMI Composite - June (UK) Strong impact on the market (GPB). The index of purchasing managers in the services sector. Shows improvement (> 50) or degradation (<50) of the situation in comparison with the previous month. The rate growth or the forecast exceeding are favorable for the currency. In the UK indexes are expected to increase in June. 09:00 ** Retail Sales - May (euro zone) Moderate impact on the market (EUR). The rate growth (forecast exceeding) reflects higher consumer activity that supports the currency. [/QUOTE]
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