market outlook

Market Summary (Jul 25, 2025)

Josh

25 Jul 2025 — 1 min read

We’re seeing a risk-on tilt as US–EU trade talks edge toward a deal, reducing tariff uncertainty. That dynamic is weighing on safe havens—gold may test its recent support just above 3 300 before resuming an uptrend, and the yen is under pressure as BoJ policy stays dovish and political risks mount in Tokyo. The dollar looks set to slip back, lifting EUR crosses: the euro’s defensive status and an end to ECB cuts underpin EUR momentum, with AUDJPY also poised to break higher off a bull-flag formation amid yen weakness.

Market Summary and Key Outlook (as of July 29, 2025)

Global Financial Condition Highlights * Trade tensions eased as the US-Japan deal (15% reciprocal tariffs; $550 bn investment) and a 15% US-EU tariff compromise were finalized, removing major sources of uncertainty. * Fed poised to adopt a dovish tone at Wednesday’s FOMC, laying groundwork for a September rate cut; President Trump’

Market Summary (Jul 23, 2025)

We’re seeing a clear shift into risk-on mode after the US–Japan trade deal removed significant tariff uncertainty and paved the way for stronger equity, commodity and high-beta FX demand (AUD, NZD, CAD, GBP). At the same time, a dovish Bank of Japan and political turnover in Tokyo are

Market Summary and Key Outlook (as of July 21, 2025)

Global Financial Condition Highlights * Fed leadership uncertainty – persistent rumors around Chair Powell’s potential dismissal keep the USD under pressure and bolster safe-haven demand. * Softer US producer inflation – June core PPI undershot forecasts, reinforcing a dovish tilt for monetary policy. * Geopolitical tensions – tariff threats on EU goods and continued Ukraine

Market Summary (Jul 18, 2025)

We continue to view gold as fundamentally bullish amid lingering Fed uncertainty and mixed U.S. data, with the metal holding above its higher-timeframe support trendline and bumping up against near-term resistance around $3,350. While short-term chop may persist without a fresh catalyst, a decisive breakout would reinforce the

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Market Summary and Key Outlook (as of July 29, 2025)

Market Summary (Jul 23, 2025)

Market Summary and Key Outlook (as of July 21, 2025)

Market Summary (Jul 18, 2025)