Trump’s tweet’s began harmlessly enough with: I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America. But […]
The news from the weekend from OPEC+ meeting, raising oil output more than expected: OPEC+ to raise output by 548,000 bpd in August vs 411,000 bpd in July In effect, the decision returns nearly 80% of the 2.2 million bpd voluntary cuts from eight OPEC producers back in the market actual output increase has been
Trump says more tariff letters coming; tariffs to take effect August 1 Trump said on Sunday that some trade deals have already been reached 12 to 15 letters may be sent on Monday to other countries warning them of upcoming higher tariff rates Commerce Secretary Howard Lutnick confirmed the new tariffs will take effect on
US Treasury Secretary Scott Bessent said on Sunday that Trump will notify trading partners that if no agreements are reached, tariffs will revert to the higher April 2 levels starting August 1. The warning will be delivered via formal letters. Bessent noted that the US is close to finalising several trade deals, with major announcements
OPEC+ will raise oil production by 548,000 barrels per day in August. This is faster than expected. OPEC+ had previously announced increases of 411,000 barrels per day for each month of May, June and July, and this was the increase expected to be announced at Saturday’s meeting. OPEC+ cited: steady global economic outlook current healthy
Silver forms double-bottom near key support, signaling a potential breakout above $37.31. Doji candle and thin US holiday volume suggest pause, not reversal. Bulls eye resistance at $37.49 and $38.00; downside risk begins below $36.00. Silver price traded sideways on Friday, remaining virtually unchanged at $36.84, due to thin trading volumes as US markets were
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
US stock market sentiment might feel frothy because it’s been a one-way TACO trade since Trump backed down on Liberation Day tariffs but most sentiment surveys weren’t overly frothy. That could be changing. The AAII survey — which is a solid one — rose in the latest week to 45% bullish from 35.1%. That’s a
The NA session kicks off quietly, with subdued volumes as American traders take the day off, giving markets a breather after yesterday’s upside surprise in the Non-Farm Payrolls and fresh diplomatic updates from the US – More is to come next week as we approach Trump’s infamous July 9th deadline With little on the immediate calendar,
Get some good rest with this long weekend because next week we have some important events that could potentially trigger big moves in the markets. The focus will be on Trump’s letters with the new tariff rates and the US CPI. I think the CPI will be more important given that Trump put August 1st
Germany’s factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders
2025.07.04 2025.07.04 XAU/USD: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 3250.00 with a target of 3600.00 – 3800.00. A buy signal: the price holds above 3250.00. Stop Loss: below 3200.00, Take Profit:
2025.07.04 2025.07.04 WTI Crude Oil: Elliott Wave Analysis and Forecast for 04.07.25 – 11.07.25 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 64.90 with a target of 80.50 – 85.00. A buy signal: the price holds above 64.90. Stop Loss: below 62.50,
Rate cuts by year-end Fed: 54 bps (95% probability of no change at the upcoming meeting) ECB: 26 bps (88% probability of no change at the upcoming meeting) BoE: 53 bps (80% probability of rate cut at the upcoming meeting) BoC: 30 bps (72% probability of no change at the upcoming meeting) RBA: 77 bps
Switzerland’s unemployment rate held steady in June after falling slightly in the previous month, the State Secretariat for Economic Affairs, or SECO, said on Friday. The unadjusted unemployment rate stood at 2.7 percent in June, the same as in May.In the corresponding month last year, the jobless rate was 2.2 percent. The number of registered
Jobs data sparks Wall Street rally Wall Street decided to throw itself a party on Thursday, with the S&P 500 and Nasdaq 100 both hitting fresh record highs in what can only be described as a classic case of American optimism in the face of looming uncertainty. The rally was sparked by a surprisingly robust jobs report
