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Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe!
Key Points
- According to the ADP National Employment Report, U.S. private employment in June decreased by 33,000 compared to the previous month — the first negative figure since March 2023. This has strengthened expectations for interest rate cuts.
- U.S. President Donald Trump announced that a trade agreement has been reached with Vietnam. Reportedly, Vietnam has agreed to significantly lower its tariffs to 20% in exchange for opening its market. This has raised hopes for progress in ongoing trade negotiations with other countries.
- The EU trade team is currently in Washington, D.C., negotiating with the U.S. side and is reportedly requesting preemptive tariff exemptions in certain sectors.
- In the U.K., the welfare reform plan proposed by the Labour government has been significantly scaled back. Prime Minister Keir Starmer has not confirmed his confidence in Chancellor Rachel Reeves, leading to growing speculation that she may be replaced. If Reeves — who has emphasized fiscal discipline — is replaced, there are concerns that fiscal control could loosen.
Key Economic Events This Week
+ July 3: U.S. Non-Farm Payrolls (June), U.S. Unemployment Rate (June)
GBPUSD Chart Analysis
After maintaining an upward trend, GBPUSD experienced a sharp drop. However, the pair appears to have regained its bullish momentum with support from the trendline. The upward view will be maintained toward the resistance level of 1.40000, the trend’s previous high.
That said, caution is advised near the 1.38000 level, where the previous sharp decline occurred, as this zone could introduce volatility.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe!
Key Points
- According to the ADP National Employment Report, U.S. private employment in June decreased by 33,000 compared to the previous month — the first negative figure since March 2023. This has strengthened expectations for interest rate cuts.
- U.S. President Donald Trump announced that a trade agreement has been reached with Vietnam. Reportedly, Vietnam has agreed to significantly lower its tariffs to 20% in exchange for opening its market. This has raised hopes for progress in ongoing trade negotiations with other countries.
- The EU trade team is currently in Washington, D.C., negotiating with the U.S. side and is reportedly requesting preemptive tariff exemptions in certain sectors.
- In the U.K., the welfare reform plan proposed by the Labour government has been significantly scaled back. Prime Minister Keir Starmer has not confirmed his confidence in Chancellor Rachel Reeves, leading to growing speculation that she may be replaced. If Reeves — who has emphasized fiscal discipline — is replaced, there are concerns that fiscal control could loosen.
Key Economic Events This Week
+ July 3: U.S. Non-Farm Payrolls (June), U.S. Unemployment Rate (June)
GBPUSD Chart Analysis
After maintaining an upward trend, GBPUSD experienced a sharp drop. However, the pair appears to have regained its bullish momentum with support from the trendline. The upward view will be maintained toward the resistance level of 1.40000, the trend’s previous high.
That said, caution is advised near the 1.38000 level, where the previous sharp decline occurred, as this zone could introduce volatility.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.