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On June 28th, Gavekal Research stated in a report: "In 2025, the market is widely concerned that Trump will weaken the independence of US monetary policy, nominate a political puppet as Federal Reserve Chairman, force the Fed to cut interest rates, and cause inflation to remain persistently above the Feds 2% target." "Developments over the past seven months have made this scenario unlikely." These developments include the appointment of Kevin Warsh to lead the Fed and the re-election of 11 of the 12 regional Fed presidents. At Warshs first meeting earlier this month, the Fed emphasized its commitment to price stability, surprising some market participants who had expected a more dovish stance from the new chairman.On June 28, US President Donald Trump nominated Lance Schroyer to be the new Director of US Immigration and Customs Enforcement (ICE). Trump stated that Schroyer, a former Oklahoma State Trooper and US Marine, has extensive experience working with ICE and is adept at combating illegal immigration and deporting undocumented immigrants. Trump also urged the Senate to confirm Schroyers nomination as soon as possible.The European-Mediterranean Seismological Centre reports a 5.6-magnitude earthquake off the coast of Aragua, Venezuela.June 28th - According to Politico, on February 28th, when US and Israeli warplanes attacked Iran, Israeli officials initially believed the alliance was entering a golden age. However, four months later, they are preparing for a future where Israel is more isolated than ever before. US Vice President Vance told Israel last week that it has virtually no friends left in the world and should not attack its only remaining powerful ally. But according to seven sources, including US and Israeli officials, Israels problems extend far beyond Vance; Vance is merely a symbol of the new normal where Israels status as a US ally no longer takes precedence over any other country. The tensions between the two sides are palpable. One source revealed that Israeli Prime Minister Netanyahu was scheduled to visit Washington five times in 2025. This year, however, he only visited once, in February, and telephone contact has significantly decreased.Israeli Prime Minister Netanyahu: We are close to controlling 70% of the Gaza Strip and surrounding Hamas.

Technical Analysis

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