US Tariffs Disrupt Indonesian Shrimp Industry; Tesla and Musk Sued for Securities Fraud Over Robotaxi; Chinese Nationals Arrested for Illegally Exporting Nvidia AI Chips • President Donald Trump’s trade policies are having a significant impact on global supply chains, exemplified by the Indonesian shrimp industry. A new 19% tariff on Indonesian shrimp, though lower than […]

Trump’s Shortlist Shakes Markets: Who Will Lead the Fed? • Trump’s Fed Shortlist Narrows DownPresident Trump named Kevin Warsh and Kevin Hassett as top candidates to replace Fed Chair Powell, with Waller and Malpass also in the mix.• Early Exit Opens the DoorThe resignation of Fed Governor Adriana Kugler might accelerate the nomination – possibly […]

US Trade Deficit Narrows as Tariffs Impact Imports; EU Campaigns to Exempt Wine and Spirits from Tariffs; Tesla and Musk Sued for Securities Fraud Over Robotaxi • The US trade deficit substantially narrowed in June to its lowest point since September 2023, a reversal largely because of a sharp drop in imports of consumer products. […]

Trump’s New Trade Target? BRICS Under Pressure as Sanctions Loom • BRICS in Washington’s CrosshairsPresident Trump appears to be intensifying scrutiny of BRICS countries — especially India, Brazil, and Russia. The US is now openly questioning India’s heavy imports of Russian crude, potentially hinting at secondary sanctions.• India Feels the HeatWith 1.7 million barrels/day of […]

US Treasury Rally Stalls Ahead of Bond Sales; Tesla Board Approves New $29 Billion Pay Package for Elon Musk; Swiss Gold Trade Drives Country’s Imbalances, Attracting Trump’s Tariffs • The rally in US Treasuries has paused as traders prepare for a large slate of bond sales this week, which could put downward pressure on prices. […]

Markets Bet on Fed Cut as Economic Data Cools • Futures Edge Higher on Rate Cut ExpectationsStock futures are rising modestly as traders boost bets on a September Fed rate cut, following weaker-than-expected job data. S&P 500 and Nasdaq 100 futures gained around 0.6 to 0.7 percent. • Labor Market Weakness Fuels Fed SpeculationJuly’s nonfarm […]

Markets React: Powell Holds Line, Dollar Climbs • Powell’s hawkish tone fuels USD rallyDespite two dissenting votes, the Fed remained firm. Chair Powell’s stance on inflation dashed hopes of a September rate cut and pushed the dollar higher.• Market repricing in real-timeAfter Powell’s comments, expectations for a September rate cut dropped from 16 basis points […]

From Tightening to Talking Cuts: Fed Shifts Tone for 2025 • No rate cut in JulyDespite political pressure from President Trump, the Federal Reserve is expected to hold rates steady at the upcoming July 30 meeting.• Tariff-driven inflation risks aheadRecent CPI prints have been calm, but tariffs are likely to push inflation higher in July, […]

Taiwan Leader Stopover to Impact China Negotiations Considers Trump Administration; US Has EU Energy Commitment Subjected to Feasibility Scrutiny; Trump Shortens Russia-Ukraine Peace Deadline • The Trump administration is reportedly weighing whether to approve a planned US refueling stopover by Taiwanese President Lai Ching-te next week, for fear of jeopardizing ongoing trade talks with China […]

FX Daily Summary – Markets Cheer Trade Deal • US-EU Trade Deal Boosts SentimentA much-anticipated trade agreement between the US and EU lifts equity futures. The deal includes 15% baseline tariffs and strong commitments to purchase US goods and energy.• Tariff Deadline Pressure EasesWith 1 August tariffs off the table (for now), investors turn attention […]