One might think that with a relatively thin macroeconomic calendar, the war in Iran and Trump's recent speech would be the sole drivers for most markets.
However, a handful of data points scheduled for Thursday could significantly impact volatility, particularly for the US Dollar. Alongside the trade balance, smaller labor market reports will be released in the US, rounding out the picture of the current challenges facing the Fed ahead of tomorrow’s Non-Farm Payrolls (NFP) and the interest rate decision scheduled for the end of the month.
Today, we await the Challenger Job Cuts report, which investors have begun to monitor more closely since the last US government shutdown. In addition to this report, initial jobless claims—which have remained very stable for weeks—are scheduled, as well as speeches from several FOMC members (Logan and Bowman).
All times CET. Filtered by: US, UK, Japan, Australia, New Zealand, Canada, Poland, France, Germany, Eurozone. Source: xStation5
US100 down 1.5% amid rising inflation fears and geopolitical tensions
Gold slumps 2.5% as Trump vows the escalation in the Middle East
Chart of the day: OIL rebounds sharply on Trump's Iran speech 🛢️ 📈 US will abandon Hormuz❓(02.04.2026)
Morning Wrap: Trump want to send Iran "back to the Stone Age". Indices tumble (02.04.2026)
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