U.S. President Donald Trump announced that the United States will impose a 35% tariff on Canadian imports starting August 1, a sharp increase from the existing 25% rate.
U.S. stocks held their ground after the release of the Federal Reserve’s minutes from its June 17–18 meeting, which revealed that only a few officials anticipated rate cuts as early as this month.
The Monetary Policy Committee decided to keep the Official Cash Rate (OCR) unchanged at 3.25%. While annual consumer price inflation is expected to rise toward the upper end of the 1 – 3% target band by mid-2025, easing domestic inflation and spare capacity in the economy are projected to bring inflation back toward 2% by early 2026.
The economic calendar for the week starting Monday, 14 July 2025, begins quietly, with no major releases scheduled that day. On Tuesday, 15 July, attention turns to several high-impact events
The Reserve Bank of Australia (RBA) surprised markets on Tuesday by holding its cash rate steady at 3.85%, defying widespread expectations of a rate cut.
The U.S. dollar remained near multi-year lows on Monday during the Asian trading session, marking its weakest level since 2021 against the euro and its lowest since 2015 against the Swiss franc, as markets braced for potential trade-related headlines ahead of President Donald Trump’s looming tariff deadline.
Global stocks climbed to record highs for the second consecutive session on Thursday, while the U.S. dollar strengthened following a stronger-than-expected jobs report.
Tesla delivered 384,122 vehicles in the second quarter, down from 443,956 a year ago but up from 336,681 in Q1.
On Monday, 7 July at 09:00 GMT, the Eurozone will release its Retail Sales YoY for May, expected to slow to 1.5% from 2.3% due to base effects and weak consumer demand.
The U.S. ADP Employment Change for May came in at just 37,000, reflecting a notable slowdown in private sector hiring. However, for June, the figure is expected to rebound to 90,000.
The U.S. dollar index fell to a near four-year low on Monday, pressured by growing concerns over the rising U.S. fiscal deficit and ongoing uncertainty surrounding trade agreements with key global partners.
Gold slipped to around $3,246 per ounce during Monday’s Asian trading session, hovering near its lowest level in a month, before rebounding to the $3,270 level at the time of writing.
Economic data releases begin on Monday, 30 June at 12:00 GMT, with Germany’s preliminary inflation rate for June expected to rise slightly to 2.2% from May’s 2.1%, driven by seasonal energy and service price pressures.
Federal Reserve Chair Jerome Powell warned on Tuesday that higher tariffs could start pushing inflation up this summer, just as the Fed weighs potential interest rate cuts.
U.S. stock futures rose following President Donald Trump’s announcement of a ceasefire timeline between Israel and Iran, referring to the recent conflict as “The 12-Day War.”
Oil prices briefly surged to five-month highs as investors anxiously awaited a potential Iranian response to U.S. strikes on its nuclear facilities.
The U.S. dollar was poised for its largest weekly gain in over a month on Friday, driven by heightened geopolitical tensions in the Middle East.
The total market capitalisation of stablecoins soared to a record high on Wednesday, reaching $251.7 billion, according to CoinDesk data.
Gold slipped to around $3,370 per ounce on Wednesday during the Asian trading session at the time of writing, as a stronger U.S. dollar outweighed safe-haven demand sparked by escalating geopolitical tensions.
On Monday, 23 June, the UK Composite PMI Flash (June) will be released at 08:30 GMT, followed by the U.S. Composite PMI Flash (June) at 13:45 GMT.
