Holly Thompson
-
Low volatility, high vulnerability
Markets are riding a wave of deal-led optimism, with tariff tensions easing and equities hitting fresh highs. But beneath the surface, risks remain as central banks pause and volatility season looms. Traders may soon have to reckon with what’s been overlooked.
-
Markets defy the mayhem
Resilient U.S. data kept markets steady, lifting the dollar and crypto despite political noise.
-
Tariffs letter week
Tariff letters reaffirm April 2 levels; implementation delayed to August 1. Japan’s rate rises to 25%; Brazil jumps to 50% for political reasons.
-
Trade deadline nears, pressure mounts
Stronger-than-expected US jobs cut Fed rate odds to 5%, while July 9 tariffs loom over stalled global trade talks.
-
Dovish drift, dollar drift
Geopolitical tensions eased and equities rallied, weakening the dollar. Dovish Fed commentary and speculation over Powell’s succession added pressure, pushing the euro above $1.17 and lifting most G10 currencies.
-
Risk runs on fuel
Geopolitical tensions and rising oil prices lifted the dollar, while surprise rate cuts in Europe contrasted with the Fed’s hawkish tone. The BoE held steady, but soft UK data and dovish vote split signalled easing ahead.