The US dollar strengthened against the euro, sterling and yen ahead of Kevin Warsh’s Jackson Hole speech on August 28. The Australian dollar outperformed its major peers, while oil slipped as traders weighed Washington’s shift towards economic pressure on Iran.
By Sagar Dua Forex EUR/USD: The euro remains on the defensive during the Asian session, consolidating around 1.1726 as overall market activity slows. Investors are refraining from major moves, instead awaiting fresh catalysts with a particular focus on the evolving US trade policy. Just yesterday, President Donald Trump extended the deadline for higher US import tariffs from July 9 to August 1, granting additional time for new trade deals.
By Sagar Dua The global Forex market is navigating heightened volatility today as the US dollar strengthens against the pound and yen, while trading remains mixed versus the euro. Market attention centers on President Donald Trump’s announcement of new US tariffs, the implications for global trade, and developments in the oil and currency markets.
By Sagar Dua Shares of The Home Depot Inc. (NYSE: HD), the leading home improvement retailer, continue to trade in a corrective channel near $367.00, as the market digests both strategic M&A activity and sector dynamics.
By Sagar Dua The GBP/USD pair continues to consolidate around 1.3633 in the Asian session, as the US dollar remains volatile and market sentiment swings amid uncertainty in global trade negotiations.
By Sagar Dua The EUR/USD currency pair remains under pressure near 1.1742 as investors brace for the expiration of the US tariff moratorium on July 9. The latest round of US-European trade consultations, highlighted by talks between European Commission President Ursula von der Leyen and President Donald Trump, was received positively by the media. However, a formal agreement to fix export tariffs at 10% remains elusive, even though a direct sanctions notice from Washington appears off the table for now.
By Sagar Dua The Nikkei 225 (NI 225) continues its corrective pullback, trading near 39,429 as investors react to the latest signals from Washington. The US administration, under President Donald Trump, announced intentions to impose an additional 25% tariff on Japanese and South Korean imports, effective August 1 unless a trade agreement is reached beforehand. This new tariff threat has reignited concerns over global supply chains and trade relations, causing both the yen and Japanese equities to come under renewed pressure.
By Sagar Dua As global traders brace for signals from the Federal Reserve, the forex market enters a cautious but active session. The US dollar, after its recent surge on strong labor market data, is correcting lower against major peers. Meanwhile, expectations mount ahead of the release of the Fed’s June meeting minutes and as key deadlines on US trade tariffs approach.
By Sagar Dua On July 7, 2025, the U.S. dollar strengthened across the board—gaining ground against the euro, pound, and yen—as forex traders closely monitored the latest statements from President Donald Trump. In a move shaking risk sentiment, Trump floated the possibility of imposing an additional 10% tariff on imports from BRICS countries. This comes after BRICS leaders condemned what they termed “unjustified, unilateral protectionist measures” in a joint statement, warning that indiscriminate sanctions and trade restrictions risk fueling economic inequality on a global scale.
By Sagar Dua Forex EUR/USD: The euro is trading with mixed momentum around 1.1781 against the U.S. dollar following the release of Germany’s May industrial production data: output rose 1.0% year-over-year after a –2.1% correction, and 1.2% month-over-month versus the prior –1.6%.
By Sagar Dua The GBP/USD currency pair wrapped up the first week of July amid heightened volatility and sweeping market shifts. Sterling initially surged to nearly a four-year high against the U.S. dollar, peaking at 1.3789, only to retreat sharply to 1.3563 as new political and economic risks emerged. This rollercoaster reflects shifting market sentiment and a rapid change in dominant drivers during the week.
By Sagar Dua During the first week of July, EUR/USD continued its upward trajectory, briefly testing the 1.1830 peak before a moderate pullback. Euro bulls managed to lock in gains above the 1.1780 zone, despite a mild correction. The FX market remains highly sensitive to both the evolving political narrative and a stream of U.S. macro data—especially as the dollar faces headwinds from fiscal and political uncertainty, even with upbeat employment numbers offering some support.
By Sagar Dua Brent crude oil prices are hovering near $68.10 in Asian trading as the market gears up for the crucial OPEC+ meeting scheduled for July 6. Key member Saudi Arabia is actively lobbying for the coalition to extend its output increases—potentially adding another 411,000 barrels per day in August and September—to reclaim lost market share. Bloomberg notes that Saudi Aramco has already cut July prices for its flagship Arab Light crude by $0.20 for Asian buyers, signaling a push for regional competitiveness. Eight OPEC+ nations, including Russia, Saudi Arabia, Algeria, Iraq, Kuwait, UAE, Kazakhstan, and Oman, are gradually phasing out voluntary production limits, raising total output by 386,000 barrels per day.
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