After a long break due to taking some time off to study for my GCSE finals, I am back to the monthly analysis of the economic perspective with trading.

Overall this month was a really good month for S&P500 and most stocks, this was shown with both fundamental and technical analysis.

Purchasing managers index:

With the final PMI this month it had a forecast of 50.9 and with an actual reading of 51.3, a reading above 50 already shows that it is good for currency’s. In addition to this this years reading for June was significantly better than 2023 June as it was only 46.

Unemployment rate:

Unemployment rate had a forecast of 3.9% however this month it had surpassed it with a actual reading of 4.0%. Overall this is bad for currency’s as it means more people are either losing their jobs or remaining unemployed.

Non-farm payroll:

This months NFP was very good for the economy as it showed a drastic increase in the amount of jobs created. It had a forecast of 182K, but its actual was 272K. News like this can highly impact the market as it shows that the economy is booming which leads to people more inclined to buy currency’s. It also had beaten the previous months reading of 165K.

Market outlook:

For June it was overall a very good month for both currency’s and indices. This was shown both with technical and fundamental analysis as the data supported the charts showing that everything needed to go up this month.