๐ Monitor this week's events to understand market movements more clearly:
Global trade negotiations entered a critical phase on August 1. So far, only 7 out of more than 200 countries have signed, but among them are major trading partners like Japan, South Korea, the United Kingdom, and the European Union. Trump stated that there will be no extension of the deadline.
Despite the tense atmosphere, U.S. markets are showing resilience, and it seems that traders do not expect massive tariffs that could shake the market.
๐ In terms of economic data, the ADP job numbers for July came in positive (104K versus 76K expected), reflecting the strength of the labor market ahead of the non-farm payroll report on Friday.
๐ Eyes are on U.S. trade balance data to understand the impact of trade tensions and potential tariffs.
Stay tuned to stay informed ููุง ๐
