What are the main events for today? | Forexlive

It’s a pretty empty day on the economic calendar front with just the Canadian Retail Sales and the final UMich report as the main highlights. The market is not focused on the data though, so we will likely see little to no reaction to the releases.

The focus remains on tariff related news. The expectations on that front are positive as we continue to see de-escalation which you can feel is going to culminate into a strong catalyst.

I think the markets will continue to price in better and better news on the trade front until we get the first deal, which supposedly will be with India, and that will be the baseline for the other deals.

Therefore, we can expect kind of a “buying the rumor” scenario into the first deal. If the first deal is a good one, we should see the stock market going back to all-time highs, if not, then we will likely get another selloff and possibly make new lows.

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