This week is going to be very quiet, because July 4 lands smack dab in the middle of it (on Wednesday) and people will be taking off all the days around it.It’s also going to be very busy because the economic calendar is STACKED.
The Thursday and Friday after the holiday will be especially big, since on Thursday we get the ECB (a rate cut is expected) and the Bank of England (more QE is expected) and on Friday we get the all-important jobs report in the US. Also on Thursday will be initial claims and the ADP jobs report.
In before the holiday (tomorrow) we have ISM, construction spending, factory orders, and auto sales.
So it’s going to be a potentially volatile mix: Thin trading and lots of data/central bank action. Have fun!