AUDJPY Breakdown (1 July 2020)

Title : AUDJPY Breakdown (July 1, 2020)

Broker : Tickmill

Description : AUDJPY Daily Outlook 01-07-20 – On Tuesday we found out that the U.S. consumer confidence for June jumped more than expected, The Chicago Purchasing Managers’ Index bounced to 36.6 in June vs. 32.3 in May, but well below 45.0 forecast, Canada GDP plunged a record -11.6% in April, the UK economy shrank more than it has done in over 40 years at the start of 2020, and that the outlook for the global labor market in the second half of 2020 is “highly uncertain” according to the International Labour Organization. On Wednesday we’ll be eyeing the German unemployment change, the US Manufacturing PMI numbers as well as the FOMC minutes.

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