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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6827.42
6827.42
6827.42
6899.86
6801.80
-73.58
-1.07%
--
DJI
Dow Jones Industrial Average
48458.04
48458.04
48458.04
48886.86
48334.10
-245.98
-0.51%
--
IXIC
NASDAQ Composite Index
23195.16
23195.16
23195.16
23554.89
23094.51
-398.69
-1.69%
--
USDX
US Dollar Index
97.950
98.030
97.950
98.500
97.950
-0.370
-0.38%
--
EURUSD
Euro / US Dollar
1.17394
1.17409
1.17394
1.17496
1.17192
+0.00011
+ 0.01%
--
GBPUSD
Pound Sterling / US Dollar
1.33707
1.33732
1.33707
1.33997
1.33419
-0.00148
-0.11%
--
XAUUSD
Gold / US Dollar
4299.39
4299.39
4299.39
4353.41
4257.10
+20.10
+ 0.47%
--
WTI
Light Sweet Crude Oil
57.233
57.485
57.233
58.011
56.969
-0.408
-0.71%
--

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Thai Leader Anutin: Landmine Blast That Killed Thai Soldiers 'Not A Roadside Accident'

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Thai Leader Anutin: Thailand To Continue Military Action Until 'We Feel No More Harm'

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Cambodian Prime Minister Hun Manet Says He Had Phone Calls With Trump And Malaysian Leader Anwar About Ceasefire

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Cambodia's Hun Manet Says USA, Malaysia Should Verify 'Which Side Fired First' In Latest Conflict

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Cambodia's Hun Manet: Cambodia Maintains Its Stance In Seeking Peaceful Resolution Of Disputes

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Nasdaq Companies: Allergan, Ferrovia, Insmed, Monolithic Power Systems, Seagate Technology, And Western Digital Will Be Added To The NASDAQ 100 Index. Biogen, CdW, GlobalFoundries, Lululemon, ON Semiconductor, And Tradedesk Will Be Removed From The NASDAQ 100 Index

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Witkoff Headed To Berlin This Weekend To Meet With Zelenskiy, European Leaders -Wsj Reporter On X

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Russia Attacks Two Ukrainian Ports, Damaging Three Turkish-Owned Vessels

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[Historic Flooding Occurs In At Least Four Rivers In Washington State Due To Days Of Torrential Rains] Multiple Areas In Washington State Have Been Hit By Severe Flooding Due To Days Of Torrential Rains, With At Least Four Rivers Experiencing Historic Flooding. Reporters Learned On The 12th That The Floods Caused By The Torrential Rains In Washington State Have Destroyed Homes And Closed Several Highways. Experts Warn That Even More Severe Flooding May Occur In The Future. A State Of Emergency Has Been Declared In Washington State

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Trump Says Proposed Free Economic Zone In Donbas Would Work

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Trump: I Think My Voice Should Be Heard

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Trump Says Will Be Choosing New Fed Chair In Near Future

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Trump Says Proposed Free Economic Zone In Donbas Complex But Would Work

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Trump Says Land Strikes In Venezuela Will Start Happening

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US President Trump: Thailand And Cambodia Are In A Good Situation

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State Media: North Korean Leader Kim Hails Troops Returning From Russia Mission

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The 10-year Treasury Yield Rose About 5 Basis Points During The "Fed Rate Cut Week," And The 2/10-year Yield Spread Widened By About 9 Basis Points. On Friday (December 12), In Late New York Trading, The Yield On The Benchmark 10-year US Treasury Note Rose 2.75 Basis Points To 4.1841%, A Cumulative Increase Of 4.90 Basis Points For The Week, Trading Within A Range Of 4.1002%-4.2074%. It Rose Steadily From Monday To Wednesday (before The Fed Announced Its Rate Cut And Treasury Bill Purchase Program), Subsequently Exhibiting A V-shaped Recovery. The 2-year Treasury Yield Fell 1.82 Basis Points To 3.5222%, A Cumulative Decrease Of 3.81 Basis Points For The Week, Trading Within A Range Of 3.6253%-3.4989%

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Trump: Lots Of Progress Being Made On Russia-Ukraine

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NOPA November US Soybean Crush Estimated At 220.285 Million Bushels

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SPDR Gold Trust Reports Holdings Up 0.22%, Or 2.28 Tonnes, To 1053.11 Tonnes By Dec 12

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          Crypto Market Hits All-Time High of $3.64 Trillion, Bitcoin Breaks New Price Record

          Gerik

          Cryptocurrency

          Summary:

          On July 11, 2025, the global cryptocurrency market capitalization surged past $3.64 trillion, marking a historic milestone. Bitcoin led the rally by reaching a new all-time high of $116,000..

          Bitcoin Surpasses $116,000 Amid Broad-Based Crypto Surge

          The cryptocurrency market is experiencing one of its most powerful rallies of 2025. According to CoinMarketCap data on the morning of July 11, total market capitalization has surpassed $3.64 trillion, a 4.92% increase in just 24 hours and the highest level ever recorded. The rally spans across all asset classes, from leading coins like Bitcoin and Ethereum to a wide array of altcoins, driven by surging liquidity and a sharp influx of capital from both retail and institutional investors.
          Bitcoin (BTC) officially set a new all-time high (ATH) on July 11 by crossing $116,000 for the first time, exceeding the critical psychological level of $115,000. Over the past 24 hours, BTC has traded within the $108,503 to $116,000 range, gaining over 5.6% and spearheading the bullish sentiment throughout the digital asset ecosystem.
          Several factors have converged to fuel investor optimism: expectations of stable monetary policy from the Federal Reserve, consistent capital inflows into spot Bitcoin ETFs in the U.S., and a surge in global exchange liquidity. Binance, the world's largest crypto exchange, remains the epicenter of this liquidity boom, with significant volume increases in key pairs like BTC/USDT and ETH/USDT. As of this morning's session close, total market trading volume exceeded $200 trillion, a 45% jump in 24 hours, signaling strong investor participation.

          Altcoins See Explosive Gains, Hinting at New 'Altseason'

          The bullish momentum is not limited to Bitcoin. A wave of altcoins has posted extraordinary gains, quickly capturing global investor attention. Leading the charge is HYPER, which skyrocketed by 300% in 24 hours, followed by PENGU, up 32% on the back of a creative marketing campaign and new product launch. BANANAS31 surged 107%, ranking among the highest-volume tokens traded on Binance on July 10.
          The rally among small- and mid-cap altcoins has ignited hopes of a fresh altseason a cyclical period when altcoins outperform Bitcoin as capital rotates in search of higher returns. Social media platforms and crypto communities have seen a sharp spike in search interest and discussions around tokens like HYPER, PENGU, and BANANAS31, underscoring a rising wave of FOMO (Fear of Missing Out) among both retail and institutional players.
          This emotional shift in investor sentiment has significantly amplified market liquidity, which has reached its highest point in months. The parabolic growth across multiple crypto segments reflects not only bullish technical setups but also a broader return of confidence in digital assets amid global economic uncertainty.
          The cryptocurrency market's explosive breakout past the $3.64 trillion mark, led by Bitcoin’s historic ascent to $116,000, underscores a reinvigorated appetite for digital assets in 2025. While macroeconomic stability and regulatory shifts continue to shape the broader landscape, the convergence of liquidity, investor enthusiasm, and strong altcoin performance signals the beginning of a potentially sustained bull cycle one that could redefine the digital economy's trajectory in the months ahead.
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Bessent Compares Trump and Soros, Signals Interest Rate Cuts Amid Global Trade Friction

          Gerik

          Economic

          Political

          Trump and Soros: Unlikely Parallels in Deal-Making Style

          In a closed-door session at the Allen & Co. conference an annual gathering of global business elites Treasury Secretary Scott Bessent surprised attendees by likening Donald Trump’s negotiation temperament to that of George Soros, his former employer. According to insiders, Bessent highlighted the impatience and high standards shared by both men when dealing with critical financial and political decisions.
          Despite their opposing political ideologies, Bessent noted that both figures demand swift action and measurable results. His comments came as he addressed questions about how he manages expectations in the Trump administration, especially around the timing and rollout of trade announcements. While praising Trump’s instincts for identifying economic problems, Bessent admitted the president often seeks rapid implementation, which can complicate longer-term strategy.

          Inflation Risks Dismissed, Rate Cuts Hinted

          Bessent sought to temper concerns about rising inflation, despite the latest round of tariffs on allies like Canada and Brazil. He told attendees that the inflationary impact of Trump’s aggressive tariff regime was overstated and that markets were misreading the situation. He predicted two rate cuts by the Federal Reserve in 2025, aligning long-term interest rates back to pre-pandemic norms.
          According to Bessent, investor sentiment has already priced in one and a half cuts, a nod to resilient economic data and tempered inflation expectations. His forecast, however, contradicts the Fed’s current cautious tone, especially amid persistent White House pressure to lower rates and increasing political tension between Trump and Fed Chair Jerome Powell.

          Trade Turbulence Deepens Ahead of August Deadline

          Trump’s recent wave of tariff announcements most notably a 35% duty on Canadian goods and a surprising 50% tariff on Brazilian imports has rattled markets and left trade partners scrambling to negotiate exemptions. The administration’s approach has shifted from bilateral diplomacy to unilateral declarations via presidential letters, effectively sidelining conventional trade frameworks.
          Bessent, playing a dual role as both Treasury Secretary and lead trade negotiator, remains at the center of these negotiations. He is scheduled to travel to Japan and meet with officials from China and Indonesia in the coming weeks. Despite public denials that trade will be a formal topic, insiders suggest backchannel talks are likely as trading partners race to reach deals before the August 1 tariff implementation deadline.

          China Negotiations Show Progress but No Breakthrough

          U.S.-China trade relations remain strained. After tariffs on Chinese goods peaked at 145% earlier this year, Bessent and U.S. Trade Representative Jamieson Greer helped establish a fragile truce during meetings in Geneva and London. These summits reaffirmed the need for continued negotiations but fell short of delivering a binding trade agreement.
          While Commerce Secretary Howard Lutnick joined the discussions to lend weight, the Trump administration continues to use tariffs as a pressure tool. Bessent rejected media labels such as “TACO” (“Trump Always Chickens Out”), instead asserting that Trump’s strategy resembles “FAFO” (“F Around and Find Out”), reflecting his willingness to escalate until results are secured.

          Internal Jabs: Musk in the Crosshairs

          Bessent didn’t shy away from interpersonal tensions within the broader Trump orbit. When asked about Elon Musk’s rumored political ambitions, Bessent dismissed the idea with a jab, saying Musk might garner support “on Mars.” The remark, though lighthearted, underscores a deeper friction between the Treasury chief and the Tesla/SpaceX CEO, whose interests increasingly intersect with government policy.
          Bessent’s remarks in Sun Valley illuminate the inner dynamics shaping U.S. economic and trade policy under Trump’s second term. As a strategist balancing market expectations, trade friction, and political volatility, Bessent is positioning himself as both an architect of Trump’s bold trade tactics and a stabilizing voice forecasting lower rates. With major deadlines looming and diplomatic channels strained, the coming weeks may test just how far Trump’s impatience and Bessent’s diplomacy can push the global economic order.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          China Weighs $209 Billion Stimulus as Trump Tariffs Threaten Growth Stability

          Gerik

          Economic

          China–U.S. Trade War

          Rising Tariff Pressures Spur Call for Bold Fiscal Response

          As Washington’s tariff assault intensifies, top Chinese economists including People’s Bank of China (PBOC) monetary policy adviser Huang Yiping have urged Beijing to roll out 1 to 1.5 trillion yuan in stimulus over the next year. The proposal significantly exceeds the current 300 billion yuan in ultra-long bond-financed consumer subsidies, reflecting growing alarm over the economic drag caused by U.S. President Donald Trump’s trade policies.
          According to the report, which also includes contributions from Guo Kai (former PBOC official) and Alfred Schipke (National University of Singapore), China faces “new disruptions” since U.S. tariffs were raised in April. These disruptions compound already fragile conditions caused by deflationary pressures, sluggish domestic consumption, and a faltering real estate market.

          Consumer Spending and Currency Flexibility at the Forefront

          The authors argue that bolstering household spending is the most effective buffer against the estimated 20%–30% tariff burden on Chinese exports. Stimulating demand domestically could help China pivot away from overdependence on global trade, especially with U.S. scrutiny tightening over re-routed shipments from intermediary countries.
          At the same time, the report emphasizes the need for greater yuan flexibility to absorb external shocks. With global capital flows and trade expectations highly volatile, the exchange rate must be used as a stabilizer not a rigid political tool. This approach contrasts with Beijing’s earlier stance of tightly managing the yuan’s value to maintain financial stability.

          Policy Rate Cuts and Tax Reform Urged for Long-Term Resilience

          To reinforce the short-term stimulus, the report also suggests that the PBOC should further reduce policy interest rates and push banks to cut Loan Prime Rates (LPR), improving access to cheaper credit and encouraging investment. Huang and his colleagues argue that raising nominal growth expectations is crucial to support corporate profits and prevent deflation from taking hold.
          Looking ahead, the report proposes broad fiscal reforms, including expanding the personal income tax base and simplifying value-added tax (VAT) structures. These adjustments are meant to solidify the government’s long-term fiscal position while reducing reliance on volatile external trade flows.

          Mounting SME Debt Signals Urgency for Credit Reallocation

          A striking point raised in the analysis is the ballooning debt exposure to small and medium-sized enterprises (SMEs), which now represents over 60% of China’s GDP, up from 37% in 2019. This surpasses even the well-documented risks from local government financing vehicles. The report warns that unless these credit exposures are managed, banks will face constraints in supporting more productive sectors, which are essential for innovation and growth.
          In essence, the $209 billion stimulus recommendation reflects a broader shift in China’s macroeconomic strategy. With the U.S. trade environment deteriorating and internal growth engines faltering, Beijing may be forced to walk a tightrope between aggressive short-term stimulus and deeper structural reform. If implemented wisely, the package could cushion the economy through the tariff storm but it also underscores how significantly external shocks are now dictating the trajectory of Chinese policymaking.

          Source: Bloomberg

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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          White House Escalates Feud with Fed Chair Powell Amid Tariff Inflation Fears and Renovation Allegations

          Gerik

          Economic

          Political

          A Deepening Rift Between Trump and Powell: Legal Threats and Policy Tensions

          The longstanding tension between President Donald Trump and Federal Reserve Chair Jerome Powell took a drastic turn on Thursday as the White House mounted its most forceful challenge to the central bank leader to date. Following weeks of public criticism and a handwritten demand for interest rate cuts, Trump’s Director of the Office of Management and Budget, Russell Vought, accused Powell of breaking federal oversight laws and lying to Congress about a now-$2.5 billion Fed headquarters renovation.
          This latest attack is more than rhetorical. The administration not only circulated Vought’s accusatory letter on social media but also purged three members of the National Capital Planning Commission (NCPC)the federal body overseeing the renovationand replaced them with loyalists, including Deputy Chief of Staff James Blair. The move is widely interpreted as a tactical effort to build a legal case or apply public pressure that might force Powell to resign.

          The Renovation Accusation: Budget Bloat or Political Scapegoating?

          The controversy centers around a large-scale refurbishment of the Fed’s Washington, D.C. headquarters. Originally estimated at $1.9 billion, the project’s costs have ballooned to $2.5 billion, citing higher raw material prices, labor costs, and leasing extensions. Powell has dismissed the criticism as exaggerated, claiming in Senate testimony that there are “no VIP dining rooms or special elevators,” and that the renovations are necessary and modest in scope.
          However, Trump’s alliesincluding Peter Navarro and FHFA chief Bill Pultehave painted the project as extravagant and opaque, with Vought accusing Powell of deliberate misrepresentation in his testimony. Deputy Chief Blair added fuel to the fire by implying Powell either lied to Congress or allowed the project to stray significantly from its approved plansa claim that, if proven, could be used to argue Powell is removable “for cause.”

          Tariff-Induced Inflation and Rate Pressure: A Policy Paradox

          At the core of the administration’s frustration is Powell’s refusal to cut interest rates, despite cooling inflation and rate cuts by central banks in Europe and Mexico. The Fed has maintained a cautious stance, preferring to observe the economic effects of Trump’s aggressive tariff regime before taking further monetary action.
          Ironically, Powell has explicitly linked tariff policies to sustained inflationary pressures, suggesting that the Fed might have already cut rates were it not for Trump’s own economic agenda. While the Fed does expect to reduce rates later this year, Trump is clearly impatient, and has hinted he may announce Powell’s replacement “very soon”, even though Powell’s term doesn’t expire until May 2026.

          Market Fallout Risk: Independence at Stake

          Analysts warn that a successful effort to push Powell outor merely undermine himcould erode market confidence in the Fed’s independence, with potential backlash from investors. Raymond James policy expert Ed Mills emphasized that if markets suspect political interference, interest rates could rise, not fall, as inflation expectations adjust.
          Alan Blinder, former vice chair of the Fed, echoed this, noting that the White House’s strategy appears aimed at pressuring Powell to resign rather than firing him outright, which the Supreme Court would likely block unless “cause” is established.
          In essence, Trump is treading a dangerous path: by conflating monetary policy with political control, he risks transforming the Fed from an independent technocratic body into a policy arm of the executivea move that could shake the very foundations of U.S. financial credibility.
          With tariffs rising, markets nervously watching trade negotiations, and second-quarter earnings approaching, the White House's intensified pressure on Powell adds yet another layer of uncertainty to an already volatile global outlook. Whether Trump’s strategy is to preemptively install a more compliant Fed chief or simply deflect blame for sluggish growth, the risk remains that this political gamble could trigger higher borrowing costs, not lower themprecisely the opposite of what the President intends.

          Source: CNN

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
          Share

          Markets Wobble as Trump Tariffs Hit Canada and Threaten Europe; Dollar Gains, Futures Dip

          Gerik

          Economic

          Stock Futures Slip as Trump’s Tariff Blitz Shakes Investor Confidence

          Global markets opened Friday on a cautious note after U.S. President Donald Trump issued a 35% tariff on Canadian imports starting August 1 and signaled that the European Union will soon receive a similar notice. These moves dampened an early rally in Asia and pressured U.S. and European stock futures, with Nasdaq and S&P 500 futures each falling 0.4%, and EUROSTOXX 50 futures following suit.
          Trump also proposed a 15–20% blanket tariff for most trading partners, a significant jump from the current 10% rate, reigniting fears of a broad-based trade war reminiscent of the U.S.-China tensions in 2018–2019. The lack of clarity surrounding potential EU tariffs added to investor unease, with Commonwealth Bank strategist Joseph Capurso warning that "escalation between the EU and US is a big deal" for markets.

          Currency Markets Respond: Dollar Up, Euro and Loonie Down

          The U.S. dollar strengthened amid the growing uncertainty, gaining 0.3% against the Canadian dollar to C$1.3695, and rising against a basket of currencies. The euro slipped 0.2% to $1.1676, as market participants adjusted positions in anticipation of a possible retaliatory EU response.
          Although analysts noted that many Canadian exports may still benefit from USMCA exemptions, the initial shock weighed on the Canadian dollar and investor sentiment alike.

          Equities Mixed: Nvidia Pushes Wall Street Higher, Asia Sees Divergence

          Wall Street had posted modest gains on Thursday, driven by Nvidia’s record valuation surpassing $4 trillion, which lifted tech-heavy indices. However, momentum reversed in the futures market after Trump's late-night tariff letter.
          In Asia, MSCI’s index of Asia-Pacific shares outside Japan rose 0.5%, contributing to a 0.7% gain for the week, though Japan’s Nikkei slipped 0.1% and was on track for a weekly loss of 0.6%, dragged down by Fast Retailing's 7% plunge after it warned of tariff-related risks.
          Chinese markets fared better, with blue-chip shares up 0.5% and Hong Kong’s Hang Seng rallying 1.3%, reflecting more domestic optimism amid easing policies and infrastructure expansion.

          Commodities and Bonds: Gold Holds Firm, Oil Rebounds Slightly

          Oil prices staged a mild recovery after tumbling 2% on Thursday. Brent crude rose 0.6% to $69.06, while WTI added 0.7% to $67.05, stabilizing after OPEC demand downgrades and U.S. tariff announcements pressured the energy sector.
          Gold rose 0.2% to $3,329 an ounce, as some investors sought refuge from geopolitical and economic instability. Meanwhile, U.S. Treasury yields edged up slightly, with 10-year yields at 4.3577%, following a small drop in jobless claims, indicating resilience in the labor market.

          Corporate Earnings and Trade Policy in Focus

          Investors now shift their attention to the second-quarter earnings season, with JPMorgan Chase set to report next Tuesday, providing an early look at how major firms are navigating rising input costs, a strong dollar, and trade disruptions.
          With Trump’s August 1 tariff deadline looming, markets remain on edge. The uncertain scope of EU tariffs, potential retaliatory actions, and further developments in copper and semiconductors key industries under Trump’s scrutiny will shape the next leg of market direction. Risk assets remain vulnerable, particularly if negotiations break down or if global retaliations emerge in full force.

          Source: Reuters

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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          Dollar Strengthens on Trump’s Tariff Blitz; Canadian Dollar and Euro Reel from Fallout

          Gerik

          Economic

          Dollar Rises as Trump Reshapes Global Trade Terrain

          In Friday’s early Asia session, most currencies were stable. But as U.S. President Donald Trump unveiled yet another barrage of tariffs including a 35% levy on Canadian imports and potential 15–20% blanket tariffs on most trading partners the greenback began to climb. The U.S. Dollar Index (DXY) rose to 97.77, up 0.2% on the day and set to notch a 0.8% gain for the week, reflecting global investors’ flight to safety and positioning around Trump’s unpredictable trade strategy.
          The Canadian dollar (CAD) bore the brunt of Trump’s policy shift, weakening by over 0.5% to 1.3726 per USD. This marks a sharp turnaround and highlights investor anxiety over North America’s shifting trade dynamics, particularly as Trump did not clarify whether USMCA-compliant goods would retain tariff exclusions. The loonie’s losses illustrate how markets, previously numb to tariff threats, are waking up to the potential economic consequences of an all-out trade standoff.
          IG analyst Tony Sycamore noted that while many tariff headlines had been "ignored" until now, Canada’s inclusion “caught markets off guard” and may spark renewed volatility in both FX and equity markets.

          Euro, Sterling, and Yen Weaken as Uncertainty Spreads

          The euro (EUR) fell 0.25% to $1.1671, heading for a 1% weekly loss, after Trump suggested the EU could be next to receive a formal tariff letter. This casts doubt over the progress of recent U.S.-EU trade negotiations and dampens sentiment across the eurozone.
          The British pound (GBP) slipped 0.22% to $1.3551, also poised to lose more than 0.6% for the week, while the Japanese yen (JPY) dropped 0.13% to 146.44 per USD after facing 25% U.S. tariffs earlier in the week. The yen’s weakness pushed its weekly loss above 1%, highlighting Japan's growing vulnerability to Trump’s increasingly protectionist agenda.

          Commodity and Risk Currencies Falter

          The Australian dollar (AUD) dropped 0.31% to $0.6568, while the New Zealand dollar (NZD) fell 0.32% to $0.6013 as traders shifted away from risk assets. With the threat of global retaliatory tariffs rising, risk-sensitive currencies are likely to stay under pressure, especially if China or the EU counter with tariffs of their own.
          The Brazilian real (BRL), meanwhile, was little changed on the day at 5.5321, but was on course for a 2% weekly drop, the steepest in five months. This follows Trump’s 50% tariff threat on Brazilian goods, escalating tensions over Brazil’s domestic political situation and U.S. foreign policy spillovers.

          Dollar Dominance on Policy Volatility

          Analysts expect the dollar’s strength to persist into August as markets brace for Trump's August 1 tariff deadline. According to Ray Attrill of National Australia Bank, the uncertainty itself supports the dollar as a relatively stable anchor in an otherwise turbulent macro environment.
          While not as chaotic as April’s post-“Liberation Day” selloff, currency markets are showing renewed sensitivity to geopolitical shifts. Should Trump's trade push continue unchecked, FX volatility is likely to rise, especially if central banks are forced to adjust monetary policy to cushion the fallout.

          Crypto Steadies Amid Currency Volatility

          Interestingly, Bitcoin rose 1.8% to $115,609.10, hovering near record highs, while Ether surged past $2,998.41, reaching a five-month high. With fiat markets rattled, digital assets appear to be absorbing some safe-haven flows, though speculative dynamics remain dominant.
          In the coming weeks, the dollar’s direction will hinge on trade developments, retaliatory measures from impacted nations, and any monetary responses from global central banks to Trump’s protectionist escalation.

          Source: Reuters

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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          China’s Electric Truck Surge Accelerates Diesel Decline and Reshapes Oil Demand Forecasts

          Gerik

          Economic

          Electric Truck Growth Outpaces Expectations, Alters Forecasts

          In the first half of 2025, China recorded a 175% year-on-year jump in electric truck sales, reaching over 76,100 units, according to Sublime China Information (SCI). These vehicles now comprise a quarter of new truck sales, with more than 90% of this growth attributed to electric models, largely used in port logistics, mining, and industrial sites. This surge is far outpacing earlier forecasts and has led market analysts to revise down diesel demand expectations and reassess the timing of China’s oil demand peak.
          Ye Lin, vice president at Rystad Energy, noted that the rapid adoption of electric heavy-duty vehicles (HDVs) has likely accelerated China’s oil demand peak to 2025, instead of 2026 as previously forecast. Rystad projects that diesel consumption in China’s transport sector will drop 40% by 2030, cutting overall diesel use by 25% compared to 2024 levels.

          Diesel Use Already in Decline Amid Electric Disruption

          SCI forecasts diesel consumption to fall 6.3% this year, equivalent to 11.3 million tons, echoing a similar decline in 2024. The combination of electric and LNG truck growth, in tandem with slower economic expansion, is substantially reshaping China’s energy demand curve.
          Li Shuai, a truck driver for a Hebei cement plant, emphasized how improved charging infrastructure has made long-distance electric truck travel increasingly viable. He described traveling over 2,000 kilometers from Beijing to Yunnan without logistical concern an unthinkable scenario just a year ago.

          Subsidies and Cost Parity Drive Adoption

          Government subsidies, introduced in July 2024 and reaching up to 95,000 yuan (US$13,264) per new electric truck, are a core catalyst of this shift. While diesel trucks are cheaper upfront, operating costs tip the scales over time. According to GL Consulting, after one million kilometers of usage:
          Diesel trucks cost approximately 2.25 million yuan (US$314,000)
          LNG trucks cost about 10% less
          Electric trucks cost roughly 15% less
          This cost advantage is compelling fleet operators to transition, particularly in logistics, cement, and industrial sectors where margins are tight.

          Charging Infrastructure Expands Rapidly

          The success of electric trucks is also underpinned by China’s massive rollout of EV charging infrastructure, particularly in industrial corridors. Charging network developer Teld has built over 2,400 truck charging stations, including an 800-kilometer corridor linking Shanxi and Shandong regions critical for coal and steel logistics.
          Operators like Yongji Liu, who initially focused on passenger EV chargers, are now installing truck-specific charging bays due to overwhelming demand. This ecosystem effect further reinforces electric truck viability.

          LNG Trucks Lose Steam Amid Fuel Price Volatility

          Sales of LNG-powered trucks once touted as a transitional alternative have declined by 15% year-on-year to 92,000 units, hampered by rising LNG prices and limited refueling stations. While LNG trucks remain viable in specific corridors, their slower growth has failed to counterbalance the broader decline in diesel use.
          According to SANY, China’s second-largest electric truck manufacturer, fleet electrification is poised to outpace passenger EV growth due to clearer financial benefits for business users. The company forecasts that electric HDVs could capture 70% to 80% of new sales by 2027, fueled by lower operating costs and robust infrastructure development.
          This trend implies a major long-term realignment in China’s energy profile, not only reducing diesel dependence but also weakening oil import volumes reshaping global demand patterns.

          China’s Diesel Era Enters Structural Decline

          The explosive growth of electric heavy trucks in China marks a tipping point for diesel fuel consumption and underscores the country’s rapid decarbonization in the transport sector. With supportive policy, strong infrastructure, and favorable operating economics, electric trucks are not just a substitute they’re quickly becoming the dominant commercial transport solution in the world’s largest logistics and industrial market.
          Global oil producers and traders will need to adapt quickly as China’s energy transition shifts from light-duty to heavy-duty transport, with significant implications for diesel refining margins, LNG investments, and commodity price forecasts.

          Source: Reuters

          To stay updated on all economic events of today, please check out our Economic calendar
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
          Add to Favorites
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