market outlook

Market Summary (Jul 9, 2025)

Josh

09 Jul 2025 — 1 min read

We are tracking renewed US tariff threats (50% on copper and 25–40% across Asia) due August 1, which is driving risk-off flows into safe-havens. Gold, trading around 3300, remains our favoured ballast, with any dip toward 3165 seen as a shallow retracement rather than a trend change. Copper is under near-term pressure but still features in longer-term portfolios. The USD’s safe-haven bid is countered by potential downside in USD/JPY if tariff tension persists, while equities and commodity-linked FX (AUD/JPY resistance ~95.7 daily 200 SMA, EUR/GBP underpinned toward 0.90) face headwinds from rising uncertainty.

Market Summary (Jul 30, 2025)

We expect today’s FOMC to lean dovish—two dissenters and Fed guidance toward a September cut should weigh on the USD and lift gold, which remains anchored above the $3,200/oz support level. Secondary 100% tariffs on any country buying Russian goods, plus still-high U.S. trade levies

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 25, 2025)

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

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

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Market Summary (Jul 30, 2025)

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

Market Summary (Jul 25, 2025)

Market Summary (Jul 23, 2025)