EUR/USD
1.17267
-0.237%
Gold
3415.40
-0.471%
Oil
64.754
-0.848%
USD/JPY
146.511
-0.070%
GBP/USD
1.35472
0.108%
GBP/JPY
198.487
0.035%
Real-time News
The Eurozone’s preliminary consumer confidence index for July was -14.7, expected to be -15, and the previous value was -15.3.On July 23, Nick Timiraos, the "Federal Reserve mouthpiece", said that Trump said that if the Federal Reserve lowered short-term interest rates, the United States interest payments would be reduced by $1 trillion a year. The United States spent $1.1 trillion on interest payments in 2024, so this statement is almost impossible to be true.July 23, gold futures prices fell slightly after three consecutive days of gains. MUFG analysts said in a report that gold prices fell slightly as the US-Japan trade agreement calmed market tensions. The agency said the agreement marked some progress in broader trade negotiations before the upcoming US tariffs on August 1, reducing demand for safe-haven assets such as gold. Analysts wrote that despite the decline in gold prices, gold prices have risen by nearly 30% so far this year due to ongoing global trade tensions and geopolitical conflicts. MUFG added that the market is also paying attention to the upcoming outlook for the Federal Reserves monetary policy, as Treasury Secretary Bessants recent remarks have eased concerns about the independence of the Federal Reserve.July 23, Algebris Investments analyst Gabriele Foa said in a report that due to the uncertainty of tariffs, the European Central Banks interest rate cuts may exceed the markets current expectations. The portfolio manager said: "Trade tensions and tariff progress may make the end of the reduction cycle slightly lower than current market expectations." LSEG data shows that the money market currently expects the European Central Bank to cut interest rates by another 25 basis points in December. Foa said that the spillover effects of tariffs on Europe may take longer to appear.General Motors (GM.N) rose nearly 5 percent after falling about 8 percent in the previous session.