Markets finished the week in relatively buoyant form after US employment data missed expectations on Thursday, lifting hopes of fewer interest rate hikes from the Fed in the coming months, with stock markets having one of their best weeks in the past few months.
Several financial products had been trading at annual records prior to the data, including Gold, which had dipped to a fresh low on Tuesday, and several of the major currencies, with most now pulled back into recent ranges. USDJPY was the standout, having notably notched up a 40-year high earlier in the week before dropping after the data, helping to pull back intervention expectations.
Geopolitical surprises seem to be pulling back in velocity over the last couple of weeks as well, which is helping to improve trading conditions. However, traders are keeping a very close watch on developments in the Middle East, as they are aware of just how quickly things could escalate there.
It looks like being, on the calendar front at least, a very quiet week ahead. There are a few key updates in local jurisdictions, including a key interest rate update out of New Zealand and the release of the Fed minutes, but apart from that, traders could be forgiven for expecting a rare, relatively quiet week ahead.
Here is our usual day-by-day breakdown of the major risk events this week:
Monday
It is another quiet calendar Monday to start the trading week, with little on the schedule throughout the day. The New York session may prove to be livelier, with US markets returning after their long weekend and the first major US data of the week due early in the session in the form of the ISM Services PMI numbers.
Tuesday
Tuesday is also looking like a relatively quiet day, with nothing of note on the calendar during the Asian session and just comments from Bank of England Governor Andrew Bailey in the London session. There will be a focus on Canadian markets early in the US day when the Ivey PMI data is released, but apart from that, expect another relatively quiet day.
Wednesday
There is a strong central bank focus on Wednesday, with the Asian session dominated by the latest interest rate update from the Reserve Bank of New Zealand, where a hike is on the cards. There is little else on the schedule for the rest of the trading day until towards the end of the New York session, when the latest FOMC Meeting Minutes are released.
Thursday
Thursday is again a relatively quiet calendar day, with nothing of note scheduled during the Asian session. The London session sees the release of the latest ECB Monetary Policy Meeting Accounts, and we have the weekly US Unemployment Claims numbers due early in the New York session, but again, it could be a range-bound day for markets.
Friday
New Zealand markets are closed on Friday, which may affect liquidity early in the Asian session. There is little on the calendar in the Asian and London time zones either. However, the focus will again be on Canadian markets early in the New York session when key employment numbers are released, but after that, there is little of note scheduled, so we may see the week close out in a relatively quiet fashion.The Week Ahead – Week Commencing 06 July 2026
Markets finished the week in relatively buoyant form after US employment data missed expectations on Thursday, lifting hopes of fewer interest rate hikes from the Fed in the coming months, with stock markets having one of their best weeks in the past few months.
Several financial products had been trading at annual records prior to the data, including Gold, which had dipped to a fresh low on Tuesday, and several of the major currencies, with most now pulled back into recent ranges. USDJPY was the standout, having notably notched up a 40-year high earlier in the week before dropping after the data, helping to pull back intervention expectations.
Geopolitical surprises seem to be pulling back in velocity over the last couple of weeks as well, which is helping to improve trading conditions. However, traders are keeping a very close watch on developments in the Middle East, as they are aware of just how quickly things could escalate there.
It looks like being, on the calendar front at least, a very quiet week ahead. There are a few key updates in local jurisdictions, including a key interest rate update out of New Zealand and the release of the Fed minutes, but apart from that, traders could be forgiven for expecting a rare, relatively quiet week ahead.
Here is our usual day-by-day breakdown of the major risk events this week:
Monday
It is another quiet calendar Monday to start the trading week, with little on the schedule throughout the day. The New York session may prove to be livelier, with US markets returning after their long weekend and the first major US data of the week due early in the session in the form of the ISM Services PMI numbers.
Tuesday
Tuesday is also looking like a relatively quiet day, with nothing of note on the calendar during the Asian session and just comments from Bank of England Governor Andrew Bailey in the London session. There will be a focus on Canadian markets early in the US day when the Ivey PMI data is released, but apart from that, expect another relatively quiet day.
Wednesday
There is a strong central bank focus on Wednesday, with the Asian session dominated by the latest interest rate update from the Reserve Bank of New Zealand, where a hike is on the cards. There is little else on the schedule for the rest of the trading day until towards the end of the New York session, when the latest FOMC Meeting Minutes are released.
Thursday
Thursday is again a relatively quiet calendar day, with nothing of note scheduled during the Asian session. The London session sees the release of the latest ECB Monetary Policy Meeting Accounts, and we have the weekly US Unemployment Claims numbers due early in the New York session, but again, it could be a range-bound day for markets.
Friday
New Zealand markets are closed on Friday, which may affect liquidity early in the Asian session. There is little on the calendar in the Asian and London time zones either. However, the focus will again be on Canadian markets early in the New York session when key employment numbers are released, but after that, there is little of note scheduled, so we may see the week close out in a relatively quiet fashion.Disclaimer:
Raw Trading Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s license number SD018.
Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Please read and ensure you fully understand our Risk Disclosure.
Restricted Countries: Raw Trading Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Israel, New Zealand, Iran and North Korea (Democratic People’s Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation.
You must be 18 years old, or of legal age as determined in your country. Upon registering an account with Raw Trading Ltd, you acknowledge that you are registering at your own free will, without solicitation on behalf of Raw Trading Ltd.
Raw Trading Ltd does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user’s responsibility to ensure that any use of the website or services adheres to local laws or regulations. Raw Trading Ltd does not affirm that the information on its website is suitable for all jurisdictions.
Publication date:
2026-07-06 10:29:48 (GMT)
The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.