Market Update

Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, driven by a sharp drop in crude oil prices. ExxonMobil’s net income fell 23% year-over-year to $7.08 billion, while Chevron’s profits plummeted 44% to $2.49 billion. The slump in oil prices, which dipped below $60 per barrel, …

In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed hefty tariffs on 69 trading partners, effective August 1, 2025, after they failed to meet his deadline for submitting trade deal proposals. The tariffs, ranging from 10% to 41%, mark the culmination of …

On Friday, August 1, 2025, the USD/JPY currency pair fell below the key 150.00 level after a weaker-than-anticipated US July labor report. The pair had briefly surpassed 150.00 earlier in the day, a threshold not crossed since early April, driven by divergent signals from the Federal Reserve (Fed) and the …

Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm Payrolls (NFP) report, set to release on Friday at 12:30 GMT. The precious metal, XAU/USD, remains under pressure from a robust US Dollar, which has gained momentum following the Federal Reserve’s hawkish decision …

The EUR/GBP currency pair staged a dramatic rally on Friday, surging 100 pips from its weekly low of 0.8611 to reach 0.8711. This sharp upswing was driven by a dismal US jobs report and mounting concerns about the UK economy, as investors brace for the Bank of England’s (BoE) upcoming …

Job growth in the United States moderated in July, with nonfarm payrolls increasing by 73,000, according to data released Friday by the Bureau of Labor Statistics (BLS). The figure came in below market expectations, which had forecast a gain of 110,000. June’s job growth was also revised sharply downward to …

Annual CPI: 2.0% (unchanged from June) Core CPI (excluding food and fuel): 2.3% Month-on-Month CPI: 0.0% (flat after a 0.3% gain in June) Key Highlights: Inflation Dynamics: Inflation remains within the European Central Bank’s (ECB) target, easing pressure on policymakers for further rate cuts after the end of the easing …

Market Overview: Dow Jones Futures: Down 375 points (-0.9%) S&P 500 Futures: Down 55 points (-0.9%) Nasdaq 100 Futures: Down 218 points (-0.9%) Key Developments: Tariff Announcements by Trump: President Trump signed an executive order imposing new tariffs, with some reaching as high as 50% on imports from dozens of …

Current Price Movement: Brent Crude: Up 19 cents (+0.26%) at $71.89 a barrel U.S. West Texas Intermediate (WTI): Up 20 cents (+0.29%) at $69.46 a barrel Weekly Performance: Brent on course for a 5% weekly gain, and WTI for a 6.6% weekly gain. Impact of U.S. Trade Tensions: U.S. Tariffs: …

Current Price Movement: Brent Crude: Up 19 cents (+0.26%) at $71.89 a barrel U.S. West Texas Intermediate (WTI): Up 20 cents (+0.29%) at $69.46 a barrel Weekly Performance: Brent on course for a 5% weekly gain, and WTI for a 6.6% weekly gain. Impact of U.S. Trade Tensions: U.S. Tariffs: …