Monthly Archives: July 2025
Hong Kong Monetary Authority intervenes to stabilize HKD against USD by purchasing the currency
Written on July 4, 2025 at 6:23 am, by davin
The HKMA’s substantial interventions, buying 12.76 billion HKD, highlight their commitment to maintaining the Hong Kong dollar’s peg to the U.S. dollar, affecting liquidity and funding costs in the market. – vtmarketsmy.com
A strong US Nonfarm Payrolls report leads to a 0.80% drop in gold prices, affecting expectations
Written on July 4, 2025 at 6:23 am, by davin
Gold prices dipped 0.80% to $3,332, pressured by a strong US Dollar and rising Treasury yields following solid job growth data, complicating expectations for Federal Reserve rate cuts. – vtmarketsmy.com
Trump plans to send letters about trade tariffs, finding it easier than securing agreements, while noting no progress with Putin.
Written on July 4, 2025 at 5:22 am, by davin
Trump is set to send letters detailing new trade tariffs starting Friday, opting for direct communication over negotiations. Meanwhile, his talks with Putin brought no progress on Iran and Ukraine. – vtmarketsmy.com
US non-farm payrolls surpassed expectations, leading to mixed market reactions in currencies and commodities.
Written on July 4, 2025 at 5:21 am, by davin
US job growth beat expectations in June, with payrolls rising by 147,000. Markets reacted positively, but ongoing inflation risks and geopolitical tensions signal a cautious outlook for economic policy. – vtmarketsmy.com
The economic agenda in Asia seems relatively quiet because of the US holiday affecting interest.
Written on July 4, 2025 at 4:22 am, by davin
Today’s subdued trading atmosphere shifts focus to Japan’s household spending data, crucial for assessing consumer behavior and economic trends. Less global participation heightens sensitivity to this key insight. – vtmarketsmy.com
Oil falls on Friday but rises for the week ahead of OPEC+ meeting
Written on July 4, 2025 at 3:22 am, by davin
Oil prices are surging ahead of the OPEC+ meeting, with a planned increase of 144,000 barrels per day. Geopolitical risks and seasonal inventory shifts add caution to traders’ sentiments. – vtmarketsmy.com
Bessent predicts that at least 100 countries will adopt a 10% reciprocal tax during ongoing negotiations.
Written on July 4, 2025 at 3:21 am, by davin
Around 100 countries may adopt a 10% minimum tax rate, reshaping global tax frameworks. This could impact investor expectations and liquidity patterns, causing shifts in capital markets and trading strategies. – vtmarketsmy.com
Baker Hughes reports a decline in oil rigs to 425, as crude oil prices fall by 0.77%
Written on July 4, 2025 at 2:22 am, by davin
Active oil and gas rigs have declined to 539, with oil rigs down by seven. While crude prices dipped slightly, they remain above critical support levels. Watch for trading shifts ahead! – vtmarketsmy.com
US stock indices rise, led by NASDAQ, following strong jobs data and government hiring growth
Written on July 4, 2025 at 2:21 am, by davin
US stock indices soared, led by the NASDAQ, as job growth surpassed expectations with 147,000 new positions. Government hiring was significant, while manufacturing faced declines. Strong market reactions signal confidence ahead. – vtmarketsmy.com
The US dollar strengthens as USD/JPY nears daily highs while the euro and pound fluctuate.
Written on July 4, 2025 at 1:22 am, by davin
The US dollar fluctuated after the non-farm payrolls data, initially gaining but then losing ground, especially against the euro and pound. Investors are cautious ahead of potential US-EU negotiations. – vtmarketsmy.com