The market takes breath after the long rally. What opportunities do traders have today?
Britain’s May seeks to relieve Brexit fears at new business council
Britain’s Prime Minister Theresa May is going to chair a discussion on Brexit as well as the national economy at the first gathering of a new business council scheduled on Thursday, in an attempt to rebuild bridges with companies concerned over the UK’s departure from the EU.
Having lost the governing Conservatives' parliamentary majority at an ill-judged election the previous month, Theresa May has stepped up engaging with business after some companies criticized her government for inability to address their concerns over Brexit.
A great number of companies have urged the authority to push the EU to agree a lengthy and clear transitional arrangement after the United Kingdom leaves the European bloc in 2019 to assist them in making investment decisions.
The gathering points to a shift for May, whose ex-aides had intended to break what they actually felt was an overly cozy relationship between big business and the government before her was reduced due to the June election.
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
The market sentiment deteriorated amid increasing virus cases in the USA and Australia. Investors prefer safe-haven assets like gold, the US dollar and the Japanese yen.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.