Market Overview
-Extended long weekend in the USA for Independence Day Holiday
-RBA Rate Decision
-PMI Data releases across Asia, Europe and the USA
-US Labour market reports, culminating in Non-Farm Payrolls, Friday
This week is a shortened trading week, as the US Independence Day holiday, means US markets remain effectively closed until Wednesday. Local markets will be focused on the RBA rate decision and then attention will turn back on US markets and more particularly the labour market. Major Labour market reports will be released during this coming week, including the Challenger, ADP, Jolts and culminating in the all-important Non-Farm Payrolls, Friday. The Fed is looking for the labour markets to ease considerably, before the interest rate rises can be dispensed with.