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 […]

Tesla Announces San Francisco Robotaxi Service Launch; BofA Warns of Soaring Stock Market Bubble Risk; Global Equity Flows Recover • New orders for U.S.-manufactured capital goods, a key leading indicator of investment, surprisingly fell 0.7% in June, evidencing a retreat in business investment in equipment. The decline suggests that the transitory boost from front-loading activity […]

Markets Hold Steady as Trump Softens Tone on Powell and Rates • US stock futures traded flat early FridayDow Jones, S&P 500, and Nasdaq 100 futures edged up around 0.1 percentTraders are digesting Big Tech earnings and Trump’s surprise Fed visit• Trump toured the Federal Reserve’s 2.5 billion dollar renovation project — the same one […]