Live Updates

7

Jul 2025
Makhlouf stated Europe isn’t prepared for the euro to overtake the US dollar as reserve currency

Europe must fortify integration and create safe assets before the euro can rival the dollar as reserve currency.

7

Jul 2025
China is shifting exports through South-East Asia to evade US tariffs while maintaining export growth

Chinese firms reroute exports via Southeast Asia to avoid US tariffs; overall exports and tariffs both rise.

7

Jul 2025
Following an unexpected output increase by OPEC+, oil prices dropped over 1% at the open

Oil prices fell after OPEC+ announced increased output; geopolitical tensions in the Red Sea intensify instability.

7

Jul 2025
Howard Lutnick announced new tariffs will commence on August 1, with Trump finalising agreements soon

New tariffs begin 1 August; Trump finalizing rates, with notifications to nations sent on Monday.

7

Jul 2025
Trump indicated he may issue tariff letters soon, emphasising fixed tariffs over lengthy negotiations

Trump pushes tariff letters, eyes deals by July 9; warns of increases if talks fail by August 1.

6

Jul 2025
Japanese wages data will be released, following recent strong household spending figures and wage increases

Japan’s household spending rose 4.7% in May; real wages face pressure from rising living costs.

6

Jul 2025
Bessent cautions that tariffs will rise without trade agreements by August 1, affecting numerous nations

Trump to reinstate higher tariffs August 1 if no trade deals reached; fixed rates for 100 nations.

6

Jul 2025
Traders welcomed the new FX week with little change in indicative currency rates from Friday

FX rates stable as new week begins; thin liquidity may spark fluctuations as Asian markets open.

6

Jul 2025
Upcoming economic events include trade negotiations, central bank meetings, and employment reports from various regions

Trade talks, rate decisions, inflation data, and oil output hikes dominate a pivotal week for global markets.

5

Jul 2025
Amid low trading volumes, silver hovered around $36.84, with bullish trends concealed by holiday downtime

Silver trades sideways at $36.84; technicals show bullish bias with key resistance near $37.49, target $38.00.

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