Key Takeaways- 29 Jun

<p><br></p><p><a href="https://admiralmarkets.com/analytics/traders-blog/takeways-29-jun"><img data-resize="auto" data-resize="auto" data-src="https://fxmedia.s3.amazonaws.com/articles/remote/87889585fc7d109b25d0a60c0bcb44c4.jpeg"></a></p><p><br><br></p><h2>Market analysis </h2><p>US macroeconomic benchmarks keep improving and this is breathing life into global equity markets. Manufacturing, employment and consumer confidence numbers continue to recover from COVID-19's impact.</p><p>On the FX side, we can expect volatility levels to remain elevated but while historically significant, these do not have to be harmful. Volatility is not our enemy. Significant returns can be achieved if we manage it properly. Keep a close eye on stop-loss levels to manage risk. </p><p>Last week, we learned about Wirecard's insolvency. The first defaulted company in the history of the German stock market index, the DAX 30. When considering investing in a company, first you have to analyse its number and results in depth. Knowing how to <a href="https://admiralmarkets.com/education/articles/forex-basics/how-to-read-forex-charts">read its price chart</a> is key as well. </p><h2>Key Takeaways<br></h2><p><br></p><table><tbody><tr><td><p>Time CEST</p></td><td><p>Country</p></td><td><p>Data</p></td><td><p>Forecast</p></td><td><p>Previous</p></td></tr></tbody></table><table><tbody><tr><td colspan="5"><p>Monday, 29th</p></td></tr><tr><td><p>16:00</p></td><td><p>US</p></td><td><p>Pending Home Sales MoM</p></td><td><p>19,9%</p></td><td><p>-21,8%</p></td></tr><tr><td colspan="5"><p>Tuesday, 30th</p></td></tr><tr><td><p>3:00</p></td><td><p>CHINA</p></td><td><p>Manufacturing PMI</p></td><td><p>50,4</p></td><td><p>50,6</p></td></tr><tr><td><p>8:00</p></td><td><p>UK</p></td><td><p>GDP Growth Rate QoQ</p></td><td><p>-2,0%</p></td><td><p>0%</p></td></tr><tr><td><p>11:00</p></td><td><p>EU</p></td><td><p>Inflation Rate YoY</p></td><td><p>0,1%</p></td><td><p>0,1%</p></td></tr><tr><td><p>16:00</p></td><td><p>US</p></td><td><p>CB Consumer Confidence</p></td><td><p>90</p></td><td><p>86,6</p></td></tr><tr><td colspan="5"><p>Wednesday, 1st</p></td></tr><tr><td><p>9:55</p></td><td><p>Germany</p></td><td><p>Manufacturing PMI</p></td><td><p>44,6</p></td><td><p>36,6</p></td></tr><tr><td><p>9:55</p></td><td><p>Germany</p></td><td><p>Unemployment Rate</p></td><td><p>6.6%</p></td><td><p>6.3%</p></td></tr><tr><td><p>10:30</p></td><td><p>UK</p></td><td><p>Manufacturing PMI Final</p></td><td><p>50,1</p></td><td><p>40,7</p></td></tr><tr><td><p>14:15</p></td><td><p>US</p></td><td><p>ADP Non-Farm Employment Change</p></td><td><p>3.000K</p></td><td><p>-2.760K</p></td></tr><tr><td><p>16:00</p></td><td><p>US</p></td><td><p>ISM Manufacturing PMI</p></td><td><p>49,0</p></td><td><p>43,1</p></td></tr><tr><td colspan="5"><p>Thursday, 2th</p></td></tr><tr><td><p>14:30</p></td><td><p>US</p></td><td><p>Non-Farm Payrolls</p></td><td><p>3000K</p></td><td><p>2509K</p></td></tr><tr><td><p>14:30</p></td><td><p>US</p></td><td><p>Unemployment Claims</p></td><td><p>1325K</p></td><td><p>1480K</p></td></tr><tr><td><p>14:30</p></td><td><p>US</p></td><td><p>Unemployment Rate</p></td><td><p>12,3%</p></td><td><p>13,3%</p></td></tr><tr><td colspan="5"><p>Friday, 3rd</p></td></tr><tr><td><p>10:30</p></td><td><p>UK</p></td><td><p>UK Services PMI Final</p></td><td><p>47,6</p></td><td><p>29.0</p></td></tr></tbody></table><p>On Monday, the US Pending Home Sales release is expected to show a strong recovery due to last week's good New Home Sales figures.<br></p><p>On Tuesday, stronger movements are anticipated in the currency market due to the higher number of worldwide economic data releases due: </p><ul><li>China will announce its Manufacturing PMI, a small fall is expected </li><li>Quarterly UK GDP Growth Rate is expected to drop, quarter on quarter </li><li>Europe CPI flat at 0,1%</li><li>US CB Consumer Confidence report</li></ul><p>Wednesday will also bring important economic data with high levels of volatility expected as a result.</p><ul><li>Germany will reveal its unemployment levels and Manufacturing PMI data, along with the UK </li><li>US will report its ADP Non-Farm Employment Change and ISM Manufacturing PMI figures, both of which are expected to show a significant recovery </li></ul><p>On Thursday, the US will release Unemployment Claims, Non-Farm Payrolls and its Unemployment Rate. Once again, significant recoveries are expected.</p><p>On Friday the UK Services Final PMI from Markit is expected to also show a recovery. </p><p><br></p><p><a href="https://admiralmarkets.com/trading-platforms/metatrader-se"><img data-resize="auto" src="https://fxmedia.s3.amazonaws.com/articles/MetaTrader_4_Supreme_Edition_CTA-3-4.jpeg" alt="MTSE" rel="display: block; margin: auto;" /></a></p><p><br></p><p><em>INFORMATION ABOUT ANALYTICAL MATERIALS:</em></p><p><em>The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:</em></p><p><em>1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. 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