US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Notwithstanding tough talk, Canada won’t probably walk away from NAFTA
Notwithstanding Canada's threats to walk away from NAFTA negotiations if required, its limited success in diversifying exports leaves this country too dependent on American markets to play hardball, as government insiders along with trade experts ascertain.
Talks from The USA, Canada and Mexico will be held in Ottawa on Saturday. It’s going to be the third round of negotiations on modernizing the North American Free Trade Agreement with a bunch of tough nuances yet to be broached.
Donald Trump states he’s on the verge of ditching the pact unless key changes in come true. The previous month Canada suggested it could break up with NAFTA if America pushed to remove a major dispute-settlement mechanism.
However, some insiders draw attention to the fact that leaving the table still appears to be an actual last-ditch measure for the Canadian government run by Liberal Prime Minister Justin Trudeau.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!