The Week Ahead
Here’s hoping everyone returned to the first full week of July with all of their fingers, toes and faculties following the 250the celebration of our country. The key futures market news for next week’s trading focuses on Wednesday’s release of the FOMC minutes, the first of Chairman Warsh’s tenure and WASDE on Friday. These are the known factors affecting market direction.
Who can trust the fragile Islamabad Memorandum of Understanding?
As of July 3, 2026, a fragile ceasefire is in place between the U.S. and Iran following a multi-month conflict. Peace talks are currently paused as Iran begins a week-long funeral for former Supreme Leader Ayatollah Ali Khamenei.
Is the smoke clearing in the Mid-East and the markets have a renewed sense of confidence?
The energy and metals are swirling in the uncertainty of a lack of resolution in the attempted unwinding of the Iranian nuclear program. The 60-day window to hammer out a deal is now only 40 days with a week long pause as Iran will be mourning their fallen leader for the next week before talks resume.
Don’t let your guard down just yet, the fog continues, tune into the Sunday evening markets to witness reactions to the weekend news streams, manufactured or true.
Plan your trade and trade your plan!
Earnings Next Week:
· Mon. Quiet
· Tue. MSC Industrial Direct, Enerpac Tool Group
· Wed. PriceSmart, AZZ
· Thu. PepsiCo, Progressive, Cintas
· Fri. Delta Airlines, Hyatt Hotels
Fed Speakers: (all times CDT)
· Mon. Quiet
· Tues. Quiet
· Wed. 1:00 pm FOMC Minutes
· Thu. 8:00 am Williams
· Fri. Quiet
Econ Data:
· Mon. S&P Services, ISM Services,
· Tue. Balance of Trade, Redbook, Consumer inflation Expectations, API Crude stock change
· Wed. Used car prices, Wholesale Inventories, EIA Crude stock Change, FOMC
Minutes
· Thu. Initial Jobless claims, Existing Home Sales, EIA Nat Gas Stocks,
Fri. WASDE, Baker Hughes Oil Rig Count |
