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As we are coming to the conclusion of the second quarter, we are about to hit a deluge of key economic data.
This data will likely determine whether we keep trending in a V shape, or turn down into the second wave of the W. The increased uncertainty has all but erased the most recent attempt by markets to push higher, and once again we are in limbo.
Everyone expects Q2 data to be worse than Q1. However, the hope is to see a clear turn to the upside starting around mid-May. Companies that have reported so far have indicated that they’ve seen a more recent upturn in sales, though consumer demand remains lower compared to this time last year.
Let’s review some of the major data that could jostle the markets.
What We Are Looking For
As it’ll be the last day of the quarter tomorrow, we have a busy data schedule ahead. Therefore, we ought to expect some extra volatility in GBP, EUR and CAD pairs.
In particular, the UK is dumping a substantial amount of information on the ma...
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