On Thursday, July 3, the U.S. House of Representatives passed President Donald Trump’s “One Big Beautiful Bill” with a razor-thin 218-214 vote, following Senate approval on July 1 in a 51-50 tiebreaker led by Vice President JD Vance. This sweeping legislation, now awaiting Trump’s signature by his self-imposed July 4 …
Read More »Can Trade Optimism Sustain Oil Price Recent Gains Ahead of OPEC+ and Tariff Risks?
On July 3, 2025, Brent crude futures dipped to $68.74 per barrel, down 0.54%, while WTI crude futures fell to $66.90 per barrel, down 0.82%, despite optimism from a U.S.-Vietnam trade deal and eased Middle East tensions. OPEC+’s upcoming decision on August output and the July 9 expiration of a …
Read More »US Treasury Secretary: It’s up to Fed to decide on rates, Powell replacement discussions set for fall
U.S. Treasury Secretary Scott Bessent emphasized that interest rate decisions rest with the Federal Reserve, led by Chair Jerome Powell, while suggesting that a delayed July rate cut could lead to a larger reduction in September. His comments, made amid a robust U.S. jobs report and advancing trade policies under …
Read More »GBP/USD Holds Firm Amid US Jobs Strength and UK Reeves Uncertainty
The GBP/USD pair showed resilience, trading 17% up, steadily at 1.3654 despite a robust US jobs report and lingering doubts about UK fiscal policy under Chancellor Rachel Reeves. Strong US job growth reduced expectations for Federal Reserve rate cuts, boosting the dollar. Meanwhile, political pressures in the UK, particularly around …
Read More »Has Surprisingly Strong Jobs Report Dashed Hopes for Sooner Rate Cuts?
The robust U.S. jobs report for June, released on July 3, 2025, has upended expectations for a Federal Reserve rate cut this summer, strengthening the case for maintaining high interest rates. The data, coupled with political pressure from President Donald Trump on Federal Reserve Chair Jerome Powell, has sparked market …
Read More »U.S. Nonfarm Payrolls Report: June Data Shows Better-than-Expected Job Growth
The U.S. job market showed stronger-than-expected growth in June, according to the latest data from the U.S. Bureau of Labor Statistics (BLS). Nonfarm Payrolls (NFP) rose by 147,000 in June, surpassing the market expectation of 110,000 and coming in slightly better than the previous month’s upwardly revised increase of 144,000 …
Read More »U.S. Stock Futures Edge Up as Trade Deal with Vietnam and Jobs Report Awaited
U.S. stock futures saw modest gains on Thursday as investors weighed the implications of a trade agreement with Vietnam, alongside anticipation of the monthly jobs report. The cautious optimism surrounding the trade deal and upcoming economic data kept sentiment in check ahead of the July 4 Independence Day holiday. Stock …
Read More »Bitcoin and Cryptocurrencies Surge Amid Trade Optimism and Economic Data Anticipation
Bitcoin extended its gains on Thursday, building on the momentum from the prior session as improved sentiment in U.S. trade relations and broader risk appetite spurred positive price action. The cryptocurrency broke out of its typical $103,000 to $108,000 trading range, although market participants are still cautious ahead of crucial …
Read More »UK Services Sector Sees Strong Growth in June, Exceeding Expectations
The UK services sector saw its fastest expansion in nearly a year in June, according to the latest data released by S&P Global. The Services Purchasing Managers Index (PMI) climbed to 52.8, up from 50.9 in May, signaling robust growth in the sector. This positive reading not only exceeded the …
Read More »European Stocks Rise Amid Trade Optimism and Caution Ahead of U.S. Jobs Report
European stocks gained on Thursday, continuing the positive momentum from Wall Street, though caution persisted as investors awaited the release of the crucial U.S. jobs report later in the day. Trade Optimism Drives European Equity Markets At 03:05 ET (07:05 GMT), the pan-European STOXX 600 index rose by 0.3%, with …
Read More »