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Slide in US private payrolls raise concerns about NFP miss. US strikes trade deal with Vietnam ahead of July 9 deadline. Pound feels the heat of fiscal shenanigans. S&P 500 hits fresh record high ahead of jobs report.
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Dollar slides as Powell sounds more dovish than expected. Trump’s bill passes through Senate, pending final vote in House. JOLTs and ISM mfg. PMI reveal some improvement. Wall Street pauses uptrend, gold rebounds.
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Dollar tumbles 14% against the euro in the first half of the year; Spotlight stays on US budget bill and trade talks; US data deluge today, an appetizer for Thursday’s jobs report; Oil hovers around $66, gold rally gains momentum.
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Dollar slides as the US gets closer to trade deals. Trump’s obsession with
lower interest rates also weighs. S&P 500 and Nasdaq hit new record
highs. Gold in corrective mode due to safe-haven outflows.
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Dollar stuck at 3-year low despite trade optimism; Fed rate cut bets weigh. Nasdaq 100 lifts global stocks to all-time highs, gold skids. Will the US PCE inflation report support or spoil the positive mood?
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Middle East ceasefire and Fed shenanigans weigh on the dollar. ISM PMIs and Nonfarm payrolls to impact Fed rate cut bets. Eurozone inflation and ECB forum to be closely monitored by euro traders.
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Rate cut bets increase after Trump raises prospect of ‘shadow’ Fed chair. Dollar hits new 3-year low, but Wall Street flirts with record highs. Bitcoin extends gains amid geopolitical de-escalation, gold rebounds.
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Israel-Iran truce holds; investors focus on the US economy. Powell shuts down July rate cut expectations. US equity rally pauses as dollar tries to recover. Oil hovers around $65, gold bounces higher.
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An Israel-Iran ceasefire has been agreed after 12 days of hostilities. Risk appetite gets a boost, but dollar weakness resumes. Oil surrenders its recent gains; gold slips as well. Focus today on Powell’s testimony as Fed doves push for a rate cut.
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US joins Israel-Iran conflict, strikes three nuclear sites. Oil jumps before pulling back as world awaits Iran response. Dollar edges higher but gold again fails to catch a bid. Euro dips but rebounds on mildly upbeat June PMIs.
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