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Market Recap – NFP day

Friday, July 5, 2019 10:39 AM GMT

Iran is announcing its nuclear program, having already communicated that its uranium enrichment level would exceed the limit agreed to in the 2015 Iranian nuclear deal.

Samsung releases its earnings. The document would be a good proxy to calculate the impact of the US-China trade tensions and trade relations between Japan and South Korea.

Greece is heading to general elections on Sunday. The pro-growth right-center party is expected to win the Parliament's majority.

Macro releases: Earlier today the German factory orders release continues to disappoint. Later today the focus turns to the US non-farm employment change. The strange thing is that that a small number, like any number bellow 150K jobs, would most likely cement the upcoming rate cut in three and a half weeks, sending equities higher and USD lower. On the other hand, a big number, like any number above 200K, would be a sign of a strong/robust economy, and will probably send equities lower and USD higher, as it would favor

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