THREE HIGH IMPACT CALENDAR EVENTS FOR 2nd AUGUST.
According to calandar events yesterday, the market can be nutural trend.There are only 3 new events that can affect the strength of the EUR and the USD. There is no visible difference in the rest of the environment of FOREX MARKET.
Some of the effects that occur are as follows.
EUR IMPACT :
1) The European Central Bank (ECB) announced on july that the Governing Council meetings dedicated to monetary policy will change to a new six-week cycle, from January 2015. Non-monetary policy meetings will continue to be held at least once a month.
2) The Unemployment Survey released by the Spanish Government shows the number of unemployed workers added during the previous month. It is a leading indicator for the Spanish economy. If the number is negative, it indicates an expansion within the labor market. An increase in the figure is seen as negative (or bearish) for the Euro, while an decrease is seen as positive (or bullish).
USD IMPACT :
1) The Employment Change released by the Automatic Data Processing, Inc, Inc is a measure of the change in the number of employed people in the US. Generally speaking, a rise in this indicator has positive implications for consumer spending, stimulating economic growth. So a high reading is traditionally seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.