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Jul 25, 2025
Anxiety rises as US tariffs near
Next month is key for the Fed under political pressure
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Key Developments: Fed Outlook: Powell's early departure could spark turmoil, with the potential for sharp swings in the dollar, yields, and the market if he is fired or resigns. Stock Performance: Global markets hit their highest levels of the week, but slowed amid concerns about earnings losses and disappointing reports from Tesla and Apple. Trading is expected to remain cautious ahead of the August 1 deadline. Dollar Movements: The dollar is headed for its biggest weekly loss in a month amid stalled trade talks and political pressure on the Fed. The euro and yen make slight gains. Oil Price: A mild rebound supported by trade optimism and limited market tensions, with Brent crude steady at around $69.36 and WTI crude at $66.21. Gold Price: A slight decline of about 0.1% to $3,363.9 per ounce, influenced by strengthening risk appetite and a stronger dollar. |
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Outlook:
A busy week, including:
- The tariff deadline (August 1).
- Meetings of the Federal Reserve and the Bank of Japan.
- Major earnings announcements from major tech companies.
- The release of US employment data.
Markets will remain neutral or hedging until the details of trade agreements or the Fed's behavior become clear. Any disruption to these trends could push the market back to corrective valuations.