Last week ended with an increase in risk sentiment with the euro and British pound strengthening against the U.S. dollar and the DAX jumping back towards 16200. Friday’s U.S. PCE index came in lower-than-expected, erasing recent gains in the dollar.
The U.S. markets will be shut for the Independence Day holiday tomorrow, which could result in a quiet trading session to the start of the week.
On the economical docket, the only interesting data release will be the U.S. labor market report on Friday.
We bear in mind that the summer doldrums now in July could lead to quieter trading conditions and less chances to profit. Traders should therefore not invest too much, trade with smaller positions or just take a summer trading break.
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