Live Updates

US stocks dropped after Trump’s potential tariffs on BRICS nations fueled uncertainty. The Dow, S&P 500, and NASDAQ fell 0.5-0.8%, highlighting the quick market response to geopolitical news. – vtmarketsmy.com

Canada’s Finance Minister is pushing for significant spending cuts to balance the budget, aiming for economic stability. This may signal a shift in fiscal policy, impacting market strategies and investor behavior. – vtmarketsmy.com

The EUR/USD pair declines as US rate cut expectations fade, heightening demand for the dollar amid trade tensions. Key support near 1.1700 is tested, with potential recovery opportunities above 1.1800. – vtmarketsmy.com

Trump’s new tariffs, ranging from 25% to 36% on several countries, will reshape global trade dynamics. As exporters react, expect price increases and potential market shifts before the August deadline. – vtmarketsmy.com

NZD/USD is declining for the third day, now around 0.6005, due to pre-RBNZ cautiousness. Markets expect the rate to remain at 3.25%, while trade tensions weigh heavily on the kiwi. – vtmarketsmy.com

China may double the Southbound Bond Connect program, allowing mainland financial institutions to invest more in overseas bonds. This move could enhance demand for offshore yuan bonds and liberalize financial markets gradually. – vtmarketsmy.com

Turkey’s Treasury cash balance plunged to a -455.106 billion deficit in June, a drastic shift from a prior surplus, signaling urgent fiscal changes and potential market volatility ahead. – vtmarketsmy.com

The US will impose a 25% tariff on Japanese goods starting August 1, impacting global markets. As the USD rallies, watch for shifting dynamics in commodities and interest rates amid anticipated central bank actions. – vtmarketsmy.com

Morgan Stanley predicts the Canadian dollar will strengthen against the US dollar, with USD/CAD potentially falling to the low 1.30s. This outlook is driven by diverging interest rates and supportive Canadian policies. – vtmarketsmy.com

The Australian Dollar continues its downward trend against the US Dollar amid expectation of a Reserve Bank rate cut. Rising trade tensions amplify demand for safe-haven assets, impacting AUD. – vtmarketsmy.com