Author: Admin
The Copper price remains firm as refining constraints pose a risk to the electronics industry.Copper trades at $5.50, still 10% above its level on Monday, as concerns about tariffs persist.Tariff-driven supply risks raise alarm across the construction sector.Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday’s high of $5.70 on the daily timeframe. Despite the modest decline, prices remain 10% higher than Monday’s close, underscoring persistent concerns over supply disruptions tied to incoming United States (US) trade tariffs.The 50% tariff on Copper imports, announced on Wednesday and set to take effect on August 1, is aimed…
“They are a very religious family. These are the same people who hug the altar every week.”
Highlights include US CPI and Retail Sales, UK CPI and Jobs report, China trade and GDP, Aussie Jobs, and CPI from Canada and Japan. Newsquawk Week Ahead: Highlights 14-18th July 2025 MON: EU 90-Day Retaliatory Pause Ends; Indian WPI (Jun), Chinese Trade Balance (Jun) TUE: OPEC MOMR; Chinese House Prices (Jun), Retail Sales (Jun), GDP (Q2), German WPI (Jun), EZ Industrial Production (May), German ZEW (Jun), US CPI (Jun), NY Fed Manufacturing (Jul), Canadian CPI (Jun) WED: UK CPI (Jun), EZ Trade (May), US PPI (Jun), Industrial Production (Jun) THU: Japanese Trade Balance (Jun), Australian Unemployment (Jun), UK Unemployment…
“I’m in relatively good physical shape. I collect 100% VA Disability for mental health at $4,000 per month.”
EUR/USD posts first weekly loss in three weeks, ending at 1.1688.Trump eyes blanket tariffs, including on EU and copper exports.Dollar marks strongest week since March amid broad risk-off tone.EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.A risk-off mood was triggered by US President Donald Trump, who remains focused in broadening tariffs to countries but also to commodities…
An above-the-line deduction for charitable giving is expected to generate an estimated $74 billion for nonprofits over a decade.
A few hours ago, the US President published a letter to Canada to inform them of the introduction of 35% tariffs from 1 August. As usual, he justified this by citing the large quantities of fentanyl allegedly entering the US from Canada. Added to this was the fact that Canada had reacted to earlier tariffs, which Trump does not usually tolerate, Commerzbank’s FX analyst Michael Pfister notes. Multi-month downward trend in USD/CAD may stop”Following the announcement, the Canadian dollar understandably depreciated significantly. It only recovered somewhat after reports emerged that USMCA-compliant goods would be exempt from the higher tariffs. However,…
Apple shares and big bank earnings are in focus as stocks hit another record.
The US Dollar holds steady above 97.50 after modest losses during Asian trading hours.US Initial Jobless Claims dropped to 227,000, but Continuing Jobless Claims rose to their highest level since 2021.The June FOMC Meeting Minutes indicate that most officials support a rate cut later this year.Momentum indicators suggest a weak recovery, with the RSI still below 50 and the MACD improving somewhat.The US Dollar (USD) holds its footing on Thursday after a weak start to the day, as investors digest fresh tariff threats from US President Donald Trump.The US Dollar Index (DXY), which measures the value of the Greenback against…
“My daughter has severe health issues — lymphoma, which is now in remission.”