FxWirePro: The Day Ahead- 3rd July 2019

Lots of economic data and events scheduled for today, and some with high volatility risks associated.

Data and events so far:

• Japan: Markit services PMI came at 51.9 in June.
   
• New Zealand: ANZ commodity price index down 3.9 percent in June.
   
• Australia: Trade balance for the month of May came at $5.745 billion with imports up by 2 percent and exports by 4 percent. Building permits down 19.6 percent y/y in May.
   
• China: Caixin services PMI declined to 52 in June.

Upcoming:

• Spain: Markit services PMI to be released at 7:15 GMT.
   
• Italy: Markit services PMI to be released at 7:45 GMT.
   
• France: Markit services PMI to be released at 7:50 GMT.
   
• Germany: Markit services PMI to be released at 7:55 GMT.
   
• Eurozone: Markit services PMI to be released at 8:00 GMT.
   
• United Kingdom: Markit services PMI to be released at 8:30 GMT.
   
• United States: MBA mortgage applications report due at 11:00 GMT, followed by ADP employment report at 12:15 GMT, and Challenger jobs report at 12:30 GMT. Weekly jobless claims report will be released at 12:30 GMT, followed by ISM manufacturing PMI at 14:00 GMT, along with Factory orders 14:00 GMT. EIA will release crude oil inventory report at 14:30 GMT, and natural gas storage report at 16:00 GMT.
   
• Canada: Trade balance report will be released at 12:30 GMT.
   
• Auction: U.S. will auction 1-month bills at 15:30 GMT.