Broker : Tickmill
Description : EURUSD Daily Outlook 16-07-20 – On Wednesday Bank of Canada held rate steady at 0.25%, and said the economy won’t recover to pre-COVID-19 levels until 2022. Reports showed Australia’s unemployment rate has surged to the highest level since 1998 with almost ONE MILLION now officially without work for the first time EVER. Meanwhile, China reported a 3.2% GDP growth in the second quarter, avoiding a recession, and indicating a recovery from the damage caused by the coronavirus pandemic. On Thursday we’ll be watching the UK employment change, the ECB rate decision and the US retail sales for yet another busy trading day.
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