The US labor market is in focus again
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
US leader: America is open to a new deal with Iran
American leader Donald Trump told that his country is still open to coming to a compromise with Iran as to blocking its nuclear-weapons program, several days before sanctions on Iran’s shipping and energy sectors kicked back in.
Trump told that America’s goal is to force the Iranian government into a clear choice, referring to the resumption of sanctions against this Middle Eastern country on Monday. Trump told that the choice is to either give up its destructive behavior or keep moving towards a devastating economic disaster.
American leader stressed that the sanctions were actually aimed at the country’s regime, and not at the suffering Iranian population.
Trump told that for this reason, the sale of drugs, food, medical devices as well as agricultural commodities to this Middle-Eastern country has long been, and still remains, absolutely exempt from the sanctions.
US leader’s decision to break up with the 2015 nuclear pact irritated Iran and also other countries, which discussed the pact and who still tell that it’s the best opportunity to have the Islamic Republic’s nuclear ambitions tamed. However, America has rebuffed them and even moved further with its sanctions plan, telling that nations, businesses, and financial institutions around the globe will decide to do business rather with America than Iran.
The strategy of the current US presidential administration is to punish the Middle Eastern country severely enough to force it to negotiate a permanent end to its nuclear program and also what the American dubbed its “malign behavior” in the region.
On Friday, Secretary of State Michael Pompeo told that America would provide up to 8 temporary waivers to countries to keep buying Iranian crude after sanctions resume on Monday.
The given decision on waivers turns out to be a part of the US cabinet’s balancing act to get tough Iran’s authorities, while trying not to let global crude prices surge.
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How to trade on July 7?
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.
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.
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Canadian job data: an attractive release for trading
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
What drives the market on July 8?
The market takes breath after the long rally. What opportunities do traders have today?
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