The Day Ahead - US Markets Closed, Independence Day HolidayEURO VS US DOLLARTRADENATION:EURUSDTradeNationFriday, July 3 – Market Focus With US markets closed for the Independence Day holiday, trading activity is expected to be significantly lighter, with lower liquidity and reduced volatility across global financial markets. The absence of US cash equity, Treasury, and bond trading is likely to limit major market moves, although investors will continue to monitor economic data and central bank commentary ahead of next week's return to full trading. Key events to watch: China: June RatingDog Services PMI – provides an update on the strength of China's services sector and broader economic momentum. UK: June official reserves changes. France: May industrial production. Italy: May retail sales. Central Bank Speakers: ECB: Christine Lagarde, Joachim Nagel and Gabriel Makhlouf. BoE: Andrew Bailey, alongside the release of the Bank of England's June Decision Maker Panel (DMP) Survey, which offers insight into business expectations for inflation, wages and pricing. Market Theme: The trading session is expected to be driven primarily by European and Asian developments, with central bank rhetoric taking centre stage in the absence of US participation. Thin holiday liquidity could amplify any unexpected moves, but overall market activity is likely to remain subdued until US markets reopen next week. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. To the extent permitted by law, in no event shall Trade Nation (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk. Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Financial Spread Bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.