The market takes breath after the long rally. What opportunities do traders have today?
Catalan leader doesn't care about arrest
Carles Puigdemont, the leader of Catalonia told that he doesn’t care about being arrested for organizing a forbidden referendum on Catalonia’s independence from Spain that went ahead on Sunday notwithstanding Madrid utilized force in an attempt to prevent people from voting.
Evidently, Spanish riot police made use of truncheons as well as rubber bullets on voters, thus drawing criticism worldwide and tipping this European country into its biggest constitutional downtime for decades.
On Monday, Puigdemont's government will ask the regional parliament to officially declare independence, after his officials issued preliminary referendum results pointing to 90% support in favor of breaking up with Spain.
However, turnout didn’t exceed 43% because Catalans who back remaining part of Spain mostly boycotted the referendum.
In fact, neither the Spanish authorities, nor the judiciary have threatened to arrest the leader of Catalonia, although Madrid accuses him of breaking the country’s law.
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.