Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce … Read more

Australian and New Zealand Dollars fell sharply to start the week, leading losses alongside Yen. The moves come just ahead of central bank meetings in both countries, with RBA widely expected to cut rates by 25bps to 3.60% and RBNZ likely to hold at 3.25%. But given how well those outcomes are priced in, the … Read more

Dollar is outperforming across the board as markets enter into US session, which trade war risks continue to dominate market attention. With the July 9 tariff truce deadline fast approaching, The Trump administration shifted to a confrontational stance, offering “take-it-or-leave-it” tariff deals. According to Treasury Secretary Bessent, failure to reach agreements would result in tariffs … Read more

Aussie rallied sharply on Tuesday after RBA unexpectedly held its cash rate steady at 3.85%, defying widespread expectations for a 25bps cut. While a majority of economists had penciled in an easing move, the 6-3 vote revealed deep divisions within the Board. It’s unclear whether RBA’s decision was influenced at the last minute by escalating … Read more

Global equity markets traded cautiously and remained stable on Tuesday, showing limited reaction to escalating US trade threats. Major European indexes moved in narrow ranges following modest gains in Asia, while US equity futures stayed flat. The restrained response suggests markets are neither complacent nor panicked as they assess the credibility and timing of new … Read more

Dollar is leading the major currencies this week as investors digest an escalating trade war campaign from Washington. While steep tariffs typically raise concerns about disruption to global supply chains and demand, the Trump administration is clearly framing tariffs as a tool not only for reshoring production but also for offsetting revenue losses from recent … Read more

Activity in the forex market cooled today as traders adopted a cautious stance ahead of June FOMC minutes. With no major surprises expected, the minutes are unlikely to shift current expectations for a Fed hold at the July 30 meeting. That baseline has been reinforced by the latest shift in trade war dynamics, after US … Read more

Risk appetite has remained firm across global equities this week, with NASDAQ hitting a fresh record high overnight and S&P 500 and DOW also closing in the green. These gains followed similar moves in Europe, where Germany’s DAX notched another record. However, the mood in Asia has been less upbeat. Japan’s Nikkei slipped into negative … Read more

Risk appetite remains solid in Europe, with the FTSE 100 hitting a fresh record high as traders look through escalating US trade actions. US equity futures are holding steady too, and markets are showing little fear that the widening scope of tariffs will derail global growth. The upbeat mood comes despite US President Donald Trump’s … Read more

Dollar advanced broadly after US President Donald Trump escalated trade war again with a fresh 35% tariff on Canadian imports. The announcement cited Canadian retaliation and the fentanyl crisis as justification, while threatening even steeper duties if Ottawa imposes further countermeasures. Trump’s sweeping tone extended beyond Canada. While 22 countries have received formal letters setting … Read more