What drives the market on July 1?
The market sentiment is mixed. Let’s look at most interesting movements on the market today.
Chinese key banks cease services for North Koreans
China's Big Four state-owned banks have already ceased providing financial services to new North Korean customers, amid American worries that Beijing hasn’t been tough enough as for Pyongyang's recent nuclear tests.
Tensions between America and North Korea have inched up after the sixth and mightiest nuclear test conducted by the isolated regime on September 3 enabled the United Nations Security Council to impose fresh sanctions on Tuesday.
Chinese financial institutions have been heavily criticized for their decisive role as a conduit for funds flowing to and from North Korea.
China Construction Bank has absolutely prohibited business with the isolated regime, as some sources revealed. The ban was officially imposed on August 28.
Irritated that China hadn’t done more to tame North Korea, the Trump administration was considering fresh sanctions in July on small Chinese financial institutions as well as other companies doing business with North Korea, as two senior US officials disclosed.
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Will the NFP push the USD again?
Non-Farm Payrolls data will be released on Thursday at 15:30 MT time.
Will the European labor dynamic boost the EUR?
The European unemployment rate will be announced on Thursday at 12:00 MT time.
Latest news
The RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
What will affect markets on July 3?
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
How to trade on July 2?
The risk-on tone is back on the market again. Let’s look at main trading opportunities.
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