As it’s usually the case for Mondays, we don’t have much on the agenda today. There’s just the Dallas Fed Manufacturing index being released, but it’s a volatile data and almost never a market-moving report. The focus will remain on trade deals ahead of the August 1 (Friday) deadline. We got the US-EU deal over … Read more
There is just one to take note of on the day, as highlighted in bold below. That being for USD/JPY at the 148.00 level. It isn’t one that ties to any technical significance but the expiries could help to keep a lid on price action before rolling off later in the day. That as the … Read more
Fancy a break, mate? Amid the latest optimistic headlines on the trade front, cryptocurrencies are starting to come up again after a bit of a setback in the middle of last week. Over the weekend, we’ve seen a resurgence in Ethereum in particular as it wipes out the losses from Wednesday amid a drop towards … Read more
The Bank of Japan is expected to keep its short-term policy rate at 0.5% at Thursday’s meeting: decision due between 0230–0330 GMT / 2230 – 2330 US Eastern time (on Wednesday 30 July) but may present a less pessimistic outlook, potentially paving the way for rate hikes later this year. The shift in tone follows … Read more
South Korea has proposed a major shipbuilding investment package to the United States, titled “Make American Shipbuilding Great Again” (MASGA), ahead of the August 1 tariff negotiation deadline, according to government sources cited by Yonhap. The package includes large-scale investments by South Korean private shipbuilders in the U.S., along with financial support such as loans … Read more
Chinese markets are reopening today after the holiday Monday. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain … Read more
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate … Read more
Bloomberg reports on the main influences trapping oil prices. Bloomberg is gated, but in brief: Oil traders grappling with tension between warnings of a weakening market and strong current prices near $70 a barrel. The International Energy Agency and the US Energy Information Administration expect a surplus of oil next year, with the IEA projecting … Read more
Senior administration official: Aircraft investigation is still in works, will wait for completion of that, tariff will be zero for now It is likely that aircraft won’t face tariffs, but have to wait for probe to end More: Steel tariff remains at 50% This article was written by Eamonn Sheridan at investinglive.com. fbs.mobi
Industrial profits in China fell 4.3% y/y in June, following a 9.1% drop in May, according to the National Bureau of Statistics. First-half 2025 profits declined 1.8%, compared to a 1.1% drop from January–May. The decline was driven by persistent producer deflation, weak domestic demand, and ongoing global trade uncertainty. Price wars in industries such … Read more
