FXEM - EMPIRE MARKETS - Company New Article
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Jul 03, 2025
A cautious neutral trend in the markets
US jobs report awaited, questions raised about tax bill
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Global markets are preparing for the highly anticipated US jobs report (private sector jobs fell by 33,000 in December), which is expected to lead to the Federal Reserve's decision to cut interest rates. Anticipation is mixed, with some calling for a rate cut and others calling for a rate cut. Markets are at a crossroads: the negative outlook from the jobs report increases pressure on the dollar and its role as a support tool for fixed-income assets, while the positive outlook from the US-Vietnam trade agreement (20% tariff) increases market openness. |
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A massive $3.3 trillion tax bill faces Republican opposition, adding to the debt and budget balance issues.
Asian currencies are affected, with the dollar stabilizing near a 3.5-year low and the pound volatility amid concerns about Britain's fiscal outlook.