Mon: US Dallas Fed (Jul), German GfK (Aug) Tue: US Consumer Confidence (Jul), JOLTS (Jun) Wed: FOMC & BoC Policy Announcements; ECB Wage Tracker, Australian CPI (Jun/Q2), German Retail Sales (Jun), Swiss KOF (Jul), EZ Flash Prelim. GDP (Q2), US ADP (Jul), GDP Advance (Q2), PCE Advance (Q2), Pending Home Sales (Jun) Thu: BoJ & SARB Policy Announcements; Chinese…

Read more

The Canadian Dollar fell even further against the Greenback on Friday. Trump has pivoted back to tariff threats on Canada as trade deals remain limited. The tariff deadline of August 1 is fast-approaching, and Canada has shown little movement thus far. The Canadian Dollar (CAD) took another hit on Friday, extending into a two-day backslide against the US Dollar…

Read more

Although, there are already reports that the US and China will extend the tariff pause for another 3 months, US Commerce Secretary Howard Lutnick on Sunday news programs said that the tariffs would go into effect on August 1. No more extensions (well, except for China?) He also said the European Union must open its markets to U.S. exports…

Read more

West Texas Intermediate declines as Venezuela and OPEC+ increase concerns about oversupply. Clarity on US–EU and US–China trade talks may guide the direction of WTI. WTI Crude Oil drops below $65.00 as technical pressure aligns with rising supply outlook. West Texas Intermediate (WTI) is under pressure on Friday as markets respond to a growing global supply outlook and remain…

Read more

The Bank of Canada will announce its interest rate decision on July 30 (the Fed announces on that date too) and all 28 economists surveyed expect that the the central bank will keep rates steady at 2.75% at that meeting.. The poll also projects that the Bank of Canada will cut the overnight rate to 2.25% or lower by…

Read more

NZD extends losses for the second day on Friday but remains on track for a weekly gain. US President Donald Trump signals “most trade deals are finished,” with talks nearing conclusion with China. US Treasury Secretary Bessent confirms tariff talks with China to resume next week in Stockholm. The New Zealand Dollar (NZD) extends losses for a second consecutive…

Read more

I will never say I want a weak dollar When you have a strong dollar you can’t sell anything China and Japan only want a weak currency. Japan totally opened up to the US Maybe we will get that with the EU. On UK trade: We will talk more fine tuning on deal. Not a lot of wiggle room…

Read more

Gold pressured by robust US labor data and progress on US–EU trade deal. US Dollar rebound and trade optimism curb safe-haven demand, sending XAU/USD to $3,325 low. Traders eye Fed decision, US Q2 GDP, Core PCE, and NFP data in coming week. Gold price (XAU/USD) is poised to end the week on a lower note as economic data from…

Read more

Pres. Trump continues to talk and says: Meeting with UK PM Starmer tonight (he is heading to the UK). Says may even approve a deal. On UK trade: We will talk more fine tuning on deal. The GBPUSD is trading lower today, following the release of weaker-than-expected UK retail sales, which added fresh downside pressure and reinforced the pair’s…

Read more