The recent preliminary trade agreement between the United States and Vietnam has set a new precedent for global trade negotiations, offering a potential blueprint for the high-stakes talks between the US and the European Union as a critical tariff deadline approaches on July 9, 2025. The US-Vietnam deal, which includes …
Read More »USD/JPY Edges Higher as Dollar Holds Firm Despite Weak ADP Data
The USD/JPY pair posted modest gains, climbing to the 143.70 range, as the US dollar stabilized following an unexpectedly weak ADP private payrolls report. The report revealed a surprising loss of 33,000 jobs in June 2025, starkly contrasting with market expectations of a 95,000-job gain. Despite this disappointing data, the …
Read More »US Jobs Report Looms: Markets Brace for June 2025 NFP Impact
The financial world is holding its breath as the June 2025 US Non-Farm Payrolls (NFP) report nears, poised to deliver critical insights into the strength of the American labor market. Following a surprising ADP private payrolls report that showed a loss of 33,000 jobs in June, defying expectations of a …
Read More »Trump’s Bold Policy Overhaul Advances: House Vote on Horizon
A comprehensive policy bill championed by President Trump has narrowly passed the Senate, marking a significant step forward for his administration’s ambitious domestic agenda. The legislation, which includes substantial tax cuts, increased military spending, and stricter immigration policies, comes at the cost of significant reductions to healthcare and nutritional programs. …
Read More »Italy’s Unemployment Rate Rises to 6.5% in May Despite Job Creation
Italy’s unemployment rate saw a significant increase in May, rising sharply to 6.5% from a revised 6.1% in April, according to data released on Wednesday by the national statistics bureau, ISTAT. The increase in the jobless rate was largely attributed to a surge in the number of people who had …
Read More »Gold Prices Hold Steady Amid U.S. Fiscal and Trade Uncertainties
1. Gold Prices Maintain Gains Amid U.S. Fiscal and Trade UncertaintyGold prices held steady in Asian trade on Wednesday after two days of sharp gains, bolstered by growing concerns over the U.S. fiscal deficit following the Senate’s passage of President Donald Trump’s tax-and-spending megabill. The uncertainty surrounding U.S. trade deals, …
Read More »Gold Jumps Over 1% as Trade Tensions and Fiscal Fears Boost Safe-Haven Appeal
Gold prices soared by more than 1.13%, climbing to approximately $3,355 per ounce, before stablizing at $3,339 at the time of writing, propelled by mounting uncertainties surrounding global trade policies as the U.S. approaches a critical July 9 tariff deadline. The faltering progress in trade negotiations, combined with unpredictable economic …
Read More »Senate Approves Trump’s ‘One Big Beautiful Bill’: Key Provisions and Next Steps
The US Senate passed President Donald Trump’s ambitious legislative package, known as the “One Big Beautiful Bill,” marking a significant milestone in his administration’s economic agenda. The 940-page bill, which narrowly cleared procedural hurdles over the weekend, survived a contentious “vote-a-rama” session to secure approval. Combining sweeping tax cuts, spending …
Read More »US Dollar Stages Comeback as Strong ISM and JOLTS Data Counter Political and Trade Uncertainties
The US Dollar Index (DXY) staged a recovery after hitting its lowest level since February 2022 at 96.38, climbing to around 96.85 during the American session, buoyed by stronger-than-expected US economic data. The ISM Manufacturing PMI and JOLTS Job Openings reports exceeded forecasts, easing some of the bearish pressure that …
Read More »Euro Hits Multi-Year Peak Before Dollar Rebounds: ECB Forum and US Data in Focus
The EUR/USD currency pair surged to a multi-year high of 1.1830, its strongest level since September 2021, before retreating slightly as robust US economic data bolstered the US Dollar. The Eurozone’s stabilizing inflation, with headline CPI reaching the European Central Bank’s (ECB) 2% target and core inflation steady at 2.3%, …
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