Trade balance. Germany, 08:00 (GMT+2) 04 Jul

04Jul.202307:00

Trade balance. Germany, 08:00 (GMT+2)

At 08:00 (GMT+2), April data on the trade balance will be published in Germany. This indicator captures the difference between the amount of payments for exported and imported goods. If the growth of the indicator from the current 18.4B euros continues, it may support the quotes of the single currency of the EU.

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04 Jul. 2023 05:30

Interest rate decision. Australia, 06:30 (GMT+2)

At 06:30 (GMT+2), the Reserve Bank of Australia will announce its interest rate decision. Regulator officials will likely adjust it from 4.10% to 4.35%, thus continuing the course of tightening monetary stimulus to influence the rapid pace of inflation. The accompanying statement may contain an assessment of the country’s financial authorities regarding the current state of the economy against global geopolitical tensions.

04 Jul. 2023 17:00

German Buba President Nagel Speaks. EU, 18:00 (GMT+2)

At 18:00 (GMT+2), the Chairman of the Bundesbank and member of the Board of Governors of the European Central Bank (ECB), Joachim Nagel, will make a speech. Investors are following with interest the rhetoric of the regulator’s representatives, trying to get hints about the further prospects for the development of the EU economy under the pressure of unprecedented inflation.

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