The US Dollar is riding a wave of renewed strength, climbing above 97.50 on the US Dollar Index (DXY) after a brief dip during Asian trading hours. Buoyed by stronger-than-expected labor market data and escalating trade rhetoric from President Donald Trump, the Greenback is holding firm as investors navigate a …
Read More »Tariffs and Inflation: Fed’s Musalem Signals Caution Amid Economic Strength
The U.S. economy is riding a wave of resilience, but storm clouds may be gathering on the horizon, according to St. Louis Federal Reserve President Alberto Musalem. In a recent statement, Musalem painted a picture of an economy in robust health, with a labor market humming at or near full …
Read More »Market Drivers – US Session: Focus Shifts Back to US Jobs Data
On Wednesday, the US Dollar edged slightly higher, continuing its rebound from last week’s multi-year lows. This uptick was driven by ongoing concerns over the White House’s trade policies and President Trump’s threats of additional tariffs.Key Events to Watch on Thursday, July 10:The US Dollar Index (DXY) hovered near multi-day …
Read More »Stock Markets Defy Tariff Jitters as Nvidia Soars and Fed Eyes Rate Cut
US stock markets climbed on July 9, 2025, despite President Donald Trump’s new tariff announcements targeting trading partners. The Dow Jones Industrial Average rose 0.3%, the S&P 500 gained 0.4%, and the Nasdaq Composite advanced 0.6%. Meanwhile, Nvidia’s market cap hit a historic $4 trillion, underscoring tech’s resilience amid trade …
Read More »Trump’s Tariff Threat Sparks Copper Price Boom
US copper prices hit an all-time high of $5.73773 per pound following President Trump’s announcement of a 50% tariff on copper imports, set to begin August 1. The news triggered a 0.65% single-day price jump, with prices reaching $5.54932 per pound.By Wednesday evening, prices stabilized at $5.54932 per pound, up …
Read More »FOMC Minutes: Fed Poised for Rate Cut as Tariffs Loom
The Federal Open Market Committee’s June 2025 minutes reveal a consensus among most Federal Reserve officials for a potential interest rate cut before year-end. This shift comes despite concerns over inflationary pressures from anticipated tariffs, highlighting a delicate balancing act. The minutes, released on July 9, 2025, underscore the Fed’s …
Read More »FOMC Minutes point to lower inflation ahead
A few officials at the Federal Reserve’s June 17-18 meeting expressed the view that interest rates might decrease as early as this month, while the majority of policymakers continued to have concerns regarding the inflationary pressures anticipated from President Donald Trump’s implementation of import taxes aimed at altering global trade, …
Read More »Red Sea Tensions Propel WTI Crude Oil Prices Despite Surprise Inventory Surge Per EIA
West Texas Intermediate (WTI) Crude Oil climbed to $68.65 per barrel on July 9, 2025, gaining 0.47% as escalating Houthi rebel attacks in the Red Sea bolstered prices, overshadowing a significant build in U.S. stockpiles. Geopolitical risks continue to drive a risk premium, countering increased supply from OPEC+ and a …
Read More »Trump Escalates Global Trade Shake-Up with New Tariffs on Seven Countries
President Donald Trump intensified his aggressive trade policy on Wednesday, announcing a fresh wave of double-digit tariffs targeting imports from seven additional countries, effective August 1, unless favorable trade agreements are reached. The move, revealed through screenshots shared on Truth Social, underscores Trump’s commitment to reshaping America’s global trade relationships …
Read More »US Dollar Rises Amid Tariff Escalation Ahead of FOMC Minutes
The U.S. Dollar Index (DXY) held steady at 97.64, up 1.5% from its July 1 low of 96.38, after peaking at 97.75, near its all-time high of 98.00. President Donald Trump’s aggressive tariff campaign, targeting six additional nations with 20%–30% duties and imposing a 50% copper tariff, has bolstered safe-haven …
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