official Daily Market Analysis From Forexmart.eu

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EUR/USD Weekly Preview: FOMC Minutes, Core PCE Index, U.S. GDP

The upcoming week promises to be volatile. First, several significant macroeconomic reports will be released in the U.S. Second, the intrigue surrounding Donald Trump's new tariffs on EU goods is expected to be resolved. This is the final week of the month when the most critical data for the U.S. dollar is published. This suggests that the EUR/USD pair is likely to enter a zone of price turbulence without delay.

Monday
On the surface, Monday's economic calendar appears empty. Only European Central Bank President Christine Lagarde and Bundesbank President Joachim Nagel are scheduled to speak. Moreover, U.S. markets will be closed in observance of Memorial Day.

However, this doesn't mean EUR/USD will remain range-bound. First, traders will react to Jerome Powell's speech on Sunday at 08:40 EST. More importantly, the market will digest Donald Trump's statement recommending a 50% tariff on EU goods starting June 1. This announcement came late Friday during the U.S. session, so it will likely continue to affect EUR/USD on Monday. Over the weekend, Brussels reacted sharply to the U.S. President's controversial statement. EU Trade Commissioner Maros Sefcovic emphasized that EU-U.S. trade is "unmatched" and should be based on "mutual respect, not threats." He also noted that the EU "is ready to defend its interests," hinting that retaliatory measures, prepared as early as April, could be enacted.

In short, despite the sparse calendar and U.S. holiday, elevated volatility is expected at the start of the new trading week.

Tuesday
Tuesday's key reports will be released during the U.S. session. The focus will be on the April durable goods orders. After surging 7.5% in March, a significant decline of 7.9% is expected in April. Excluding transportation, orders are projected to fall by 0.1%.

The Conference Board Consumer Confidence Index will also be published. It has declined for five consecutive months, falling to 86.0 in April, the lowest since May 2020. May's forecast is 87.1, but the dollar could face substantial pressure if it shows another drop (i.e., below 86.0). Earlier, the University of Michigan's Consumer Sentiment Index plunged to 50.8, the lowest since June 2022. A weak Conference Board reading would reinforce the negative narrative for the greenback amid rising inflation expectations and renewed tariff fears.

Wednesday
The FOMC minutes from the May meeting will be released on Wednesday. At that meeting, the Fed left all policy parameters unchanged, with Jerome Powell stating that the Fed needed more clarity on how tariffs would impact the economy. He also downplayed the Q1 GDP slowdown, saying the U.S. economy remains in "good shape." The official statement reflected these themes.

The minutes are anticipated to convey a similar message: an optimistic outlook on current conditions alongside serious concerns about future risks, particularly due to trade tensions. The greater the concern, the more pressure it puts on the dollar. However, the minutes will influence EUR/USD only if they differ significantly from Powell's comments or the official statement.

Also, on Wednesday, the Richmond Fed Manufacturing Index will be released. In April, it dropped sharply to -13. A modest recovery is expected in May to -9, but the index will remain negative. The release will only support the dollar if it unexpectedly returns to positive territory, which is unlikely.

Two Fed officials will speak: Governor Christopher Waller, a voting member, and Minneapolis Fed President Neel Kashkari, who does not vote this year.

Thursday
The second estimate of Q1 U.S. GDP will be published on May 29. The first estimate showed a 0.3% contraction, following 2.4% growth in Q4 2024. Most analysts expect the second estimate to confirm the initial figure. If the data is revised downward, the dollar may come under added pressure, reviving talk of stagflation.

That said, market reaction might be muted since the Q1 GDP decline was primarily due to a 41% surge in imports, as businesses stockpiled ahead of the new tariff schedule. Thus, even if a revision happens, the market reaction may be short-lived. If the data matches expectations, it will likely be ignored.

In addition, the April Pending Home Sales report will be released. This early housing market indicator showed a 6.1% increase in March, but a 1.0% decline is expected in April.

Friday
On the final trading day of the week, the U.S. will release the Core PCE Price Index for April — the Fed's preferred measure of inflation. It slowed to 2.6% YoY in March after jumping to 3.0% in February. April's forecast is a modest rise to 2.8%. This would reinforce the Fed's wait-and-see approach, likely delaying any policy changes through June and July.

On paper, this would be a hawkish development, but not under current conditions, where inflation is rising while economic growth is slowing. The looming threat of stagflation will continue to cast a shadow over the dollar.

Conclusion
The coming week is packed with major macroeconomic events, but all of them will be overshadowed by trade-related developments. If negotiations between the U.S. and China make progress and talks with the EU resume constructively—for example, if Trump backs down on the 50% tariff threat—the dollar could not only recover lost ground but reach new highs. EUR/USD could fall back to the 1.1080–1.1190 range.

However, if the escalation continues — mainly if Trump follows through on the tariff threat and the EU retaliates — we could see EUR/USD rally toward 1.1440 (the upper Bollinger Band on D1). Considering current signals, the escalation scenario looks more likely.
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Optimism in Markets: Dollar General, Pinterest, Wells Fargo Stocks Rise to Lift Indexes

US Markets Close Higher as Chip Stocks Lead the Rally
U.S. stock indexes finished Tuesday's session in positive territory, driven by strong gains in chipmakers like NVIDIA. Investors welcomed the momentum, anticipating potential clarity on Washington's tariff policies and the prospect of renewed trade dialogue with key global partners.

Spotlight on Trump and Xi
Both President Donald Trump and China's leader Xi Jinping are expected to deliver remarks later this week, according to a Monday statement from the White House. This comes shortly after Trump accused China of breaching the Geneva agreement — a move he claims justifies the lifting of tariffs and other trade restrictions. Beijing firmly rejected the accusation, calling it unfounded and reaffirming its commitment to defending national interests.

White House Pushes for Trade Proposals by Wednesday
A draft letter circulated among negotiating partners reveals that the Trump administration is urging countries to submit their best trade offers by Wednesday. The move is part of a broader strategy to fast-track discussions and finalize agreements within a tight five-week window.

Markets Rebounded Strongly in May
The easing of harsh trade rhetoric from the White House last month reignited investor appetite for risk. As a result, the benchmark S&P 500 and tech-heavy Nasdaq posted their strongest monthly percentage gains since November 2023, signaling renewed confidence in the markets.

Wall Street Closes Higher with Tech Stocks in the Lead
Tuesday's Market Summary:

Dow Jones Industrial Average climbed 214.16 points (+0.51%) to 42,519.64;
S&P 500 rose by 34.43 points (+0.58%), closing at 5,970.37;
Nasdaq Composite gained 156.34 points (+0.81%), ending the session at 19,398.96.
Tech Sector Powers Ahead
The tech sector once again took center stage, with the S&P technology index (SPLRCT) advancing by 1.5%. Nvidia led the charge, with its shares surging 2.9% amid continued investor enthusiasm over AI developments.

Meanwhile, Broadcom hit a fresh all-time high after announcing it has begun shipping its newest networking chip, designed to supercharge artificial intelligence performance. The company's stock jumped 3.2% in response.

Labor Market Shows Mixed Signals
According to the U.S. Department of Labor, job openings saw an uptick in April, yet the increase in layoffs points to a cooling labor market. Economists view this as a potential consequence of lingering tariff concerns and broader economic uncertainty.

Manufacturing Orders Stumble
Census Bureau data revealed that U.S. factory orders dropped 3.7% in April — a sharp reversal from March's unrevised 3.4% jump. The fall suggests that the one-time boost from pre-tariff stockpiling has run its course.

Eyes on Friday's Jobs Report
Markets are now focused on Friday's upcoming employment data. The report is expected to offer a clearer picture of how escalating trade tensions are impacting the world's largest economy.

Wells Fargo Gains in Extended Trading
Wells Fargo shares closed up 1.2%, but extended trading saw the stock rise an additional 2%, reflecting post-market investor optimism.

Kenvue Stumbles as Retailers Slash Inventories
Shares of Kenvue tumbled by 6%, leading the losses on the S&P 500. The consumer health company revealed at a Deutsche Bank conference that retailers in both the U.S. and China are aggressively clearing out stock. The uncertainty surrounding potential tariffs has led distributors to pull back on inventory levels, putting pressure on the supply chain.

Dollar General Surges After Strong Forecast
Discount retailer Dollar General saw its stock leap 15.8% after the company raised its full-year sales outlook. Quarterly results exceeded expectations, signaling solid demand even in a choppy economic environment. Investors responded enthusiastically to the upbeat revision.

Pinterest Gets a Boost from JPMorgan Upgrade
Pinterest shares climbed 3.8% after JPMorgan upgraded the stock from "Neutral" to "Overweight." The change sparked increased buying, reflecting renewed confidence in the platform's monetization potential.

Reddit Faces Outage, Stock Dips
Reddit stock edged down 1.1% after technical issues disrupted access for more than 29,000 users, according to outage monitoring site Downdetector.com. The incident raised concerns over the platform's reliability.

Airbus Shares Take Flight Amid China Deal Rumors
European stocks posted modest gains Wednesday, supported by a 3.4% rise in Airbus shares. Bloomberg News reported that Chinese airlines may place a large aircraft order as early as next month — a development that energized investors despite broader trade worries.

STOXX 600 Extends Rally as Tariff Fears Ease
The pan-European STOXX 600 index inched up 0.3% by 07:07 GMT, extending its rebound by roughly 15% since early April lows. The positive mood was further buoyed by President Donald Trump's decision to pause broad-based tariffs and secure a trade deal with the United Kingdom.

PMI Data to Offer Insight on Tariff Impact in Europe
Later today, the release of Purchasing Managers' Index (PMI) data for the UK, eurozone, Germany, and France is expected to shed light on how escalating trade tensions have shaped economic performance across the region in May. The readings may provide early signs of whether tariffs are starting to drag on business sentiment and output.

ECB Poised to Cut Rates in Policy Pivot
Investors are closely watching Thursday's European Central Bank meeting, where officials are widely expected to cut interest rates by 25 basis points. If confirmed, this would mark the ECB's first step toward monetary easing — a strategic shift aimed at shielding the eurozone economy from global uncertainty.

U.S. Jobs Report in the Spotlight
On Friday, attention will shift across the Atlantic to the highly anticipated U.S. employment report. The data could prove pivotal in shaping the Federal Reserve's next policy moves, especially as markets try to gauge the balance between slowing growth and inflation risks.

Tech and Mining Lead Gains in Europe
Most sectors in European equity markets posted gains, with technology (SX8P) and mining (SXPP) stocks leading the advance. The upbeat performance suggests renewed appetite for risk among investors seeking value in cyclical industries.

Remy Cointreau Walks Back 2030 Sales Ambitions
Shares of Remy Cointreau dropped 2.6% after the French spirits group scrapped its long-term sales growth target for 2030. The company cited a combination of persistent U.S. underperformance, global tariff pressures, and broader market volatility as key risks undermining its outlook for the coming years.

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Trading Signals for GOLD (XAU/USD) for June 5-9, 2025: sell below $3,387 (21 SMA - 7/8 Murray)

Early in the European session, gold traded around 3,372, showing signs of exhaustion after reaching the weekly high of 3,387. We could expect a technical correction to occur in the coming hours toward the 21SMA or the 7/8 Murray EMA at 3,355.

If the bearish momentum is maintained, gold could continue its decline. To do so, we should wait for confirmation below 3,350, then the price could reach the 200 EMA at 3,277. Around that area, gold left a gap on May 29, and it is likely that it could be filled.

On the other hand, if bullish strength prevails, we could expect a technical rebound around 3,355. This area has provided gold with a good rebounding point in the past, and this time the price could reach the 8/8 Murray at 3,437.

This week, US employment data will be released, which could trigger strong volatility. This, in turn, could cause the price of gold to reach 3,437 or fall towards 3,270.

Our trading plan for the next few hours is to sell gold below 3,387 with a target at 3,359. Around this area, we should wait for a breakout or a technical rebound to occur before making a new decision.

[KostiaForexMart]

Gold prices are stable amid optimism about the negotiations between the United States and China

Gold prices rose slightly on Monday, as investors chose not to place large bets in anticipation of the results of trade negotiations between the United States and China. The spot price of gold rose 0.1% to $3,313.54 per ounce, while futures declined 0.4% to $3,333.80.

Three advisers to Donald Trump will discuss trade differences with their Chinese counterparts in London today, which is causing increased nervousness in the markets, and traders are avoiding long positions before negotiations. Although a complete elimination of tariffs is unlikely, the results of the discussions may improve the situation. However, the high cost of doing business in the United States and the growing budget deficit may increase inflationary pressures.

From a technical point of view, analysts expect spot gold to test the support level at $3,296, and a breakdown below this level could lead to a decline to $3,262. Gold is traditionally viewed as a safe haven asset in an environment of uncertainty and low interest rates. According to official data, the central bank of China increased its gold reserves for the seventh consecutive time in May.

At the same time, the spot price of silver rose 0.2% to $36.03 per ounce; platinum rose 1.6% to $1,187.80; palladium fell 0.1% to $1,045.61.

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No News Is Already Good News

Trade negotiations between the United States and China are set to continue for a second day, as both sides aim to ease tensions surrounding technology exports and rare earth elements.

Yesterday, representatives from both countries concluded their first day of talks in London after more than six hours of discussions. The delegations are expected to reconvene today, Tuesday.

"We're doing fine with China. It's not easy with China," President Trump told reporters at the White House on Monday. "I'm only getting good reports."

The U.S. delegation is led by Treasury Secretary Scott Bessent, joined by Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer.

Following the talks, Bessent told reporters that it was a good meeting, and Lutnick called the discussions productive. The Chinese delegation was led by Vice Premier He Lifeng, who left without speaking to the media. He was accompanied by Commerce Minister Wang Wentao and Deputy Minister Li Chenggang, the country's trade representative.

Experts note that Wang has been a key member of President Xi Jinping's entourage on international trips since his appointment in 2020, while Li is a seasoned negotiator who previously served as China's ambassador to the World Trade Organization.

Prior to Monday's meeting, the U.S. signaled its willingness to lift restrictions on the export of certain technologies in exchange for assurances that China would ease its limitations on rare earth exports—elements critical for a wide range of energy, defense, and tech products, including smartphones, fighter jets, and nuclear fuel rods. China currently accounts for nearly 70% of global rare earth production.

This proposed exchange is seen as a delicate diplomatic maneuver in the ongoing tech standoff between the two superpowers. Washington, in urgent need of supply chain diversification, is struggling to find alternative sources of rare earths. In return, lifting tech export restrictions could encourage Chinese companies to enhance their domestic capabilities and reduce reliance on Western suppliers. However, executing such a deal is far from simple. First, the U.S. must be assured that China will follow through on easing rare earth export limits. Second, even if it does, this won't solve America's long-term dependency. Significant investment in domestic mining and processing capabilities is needed, along with building partnerships with other rare earth-rich nations.

Specifically, the Trump administration is reportedly willing to repeal a recent wave of restrictions on the export of chip design software, jet engine parts, chemicals, and nuclear materials. Many of these limitations were introduced in recent weeks amid growing U.S.–China tensions.

When asked about lifting the export bans, Trump sidestepped the question, telling reporters, "We'll see." He added, "China has been ripping off the United States for years," and reiterated, "We want to open China."

EUR/USD Technical Outlook

Buyers now need to push through the 1.1430 level to target a test of 1.1460. From there, a move toward 1.1490 becomes possible, though it would be difficult without the backing of major market players. The ultimate target stands at 1.1530. On the other hand, serious buyer activity is expected only around the 1.1400 level. If absent, it may be worth waiting for a retest of the 1.1361 low or considering long entries from the 1.1314 level.

GBP/USD Technical OutlookPound bulls must overcome immediate resistance at 1.3500 to aim for 1.3545—a level that will be tough to breach. The furthest target is 1.3580. Should the pair decline, bears will attempt to regain control at 1.3473. If successful, breaking below this range would deal a major blow to bullish positions and push GBP/USD toward the 1.3450 low, with potential further downside to 1.3415.
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The U.S. and China: A Small Step Forward. What's Next? (Potential for a reversal and decline in EUR/USD and NZD/USD pairs)

Representatives from the United States and China have reached a framework agreement on trade following two days of high-level talks in London. But why isn't there a sense of euphoria in the markets?

The agreements between the delegations followed a phone conversation between Trump and Xi that helped ease tensions between the two countries. A key part of the deal includes China's lifting of restrictions on rare earth metal exports to the U.S., while Washington agreed to ease its recent technology export controls. And that's it. In reality, the agreements addressed only part of the issue and did not fully resolve it. The broader unresolved question is the overall trade relationship between the countries. It appears that investors were hoping for more, which didn't materialize—hence the negative sentiment seen in U.S. stock index futures this morning.

What Can Be Expected from the Markets Now?
Nothing fundamentally new will likely occur. As mentioned, the overall trade issues between China and the U.S. remain unresolved and will probably stay that way until one side claims victory in this economic standoff.

Today, market participants are focused on the upcoming U.S. inflation report. Both headline and core inflation are expected to rise year-over-year.

What Will the Market Reaction Be?
Given that the main issue—the U.S.-China economic conflict—persists, today's inflation release could trigger a negative market reaction. A rise in the Consumer Price Index (CPI) would effectively nullify hopes for a Federal Reserve rate cut in the near future. This could trigger a correction in U.S. equities, which could then spread to global markets. In such an environment, the dollar may become a key beneficiary. It is currently holding above the key support level of 98.00 and is testing levels above 99.00 on the dollar index.

Rising inflation may boost demand for the dollar against other major currencies, especially amid falling inflation in Europe and growing labor market concerns in the UK. These factors both weigh on the euro and pound, key components of the dollar index basket.

U.S. Treasury yields have stabilized in anticipation of the inflation report. The data is expected to shed light on the economic impact of tariffs and broader inflationary trends.

Market Outlook
If inflation data meets or exceeds consensus expectations, this could trigger a corrective wave in equity markets. It may also weigh on demand in the cryptocurrency market. Gold prices may also come under pressure—although geopolitical tensions and the ongoing U.S.-China trade war continue to offer some support.

In this scenario, the dollar will likely be the primary beneficiary, supported by higher inflation and a stable Fed interest rate outlook. This contrasts with the high likelihood of continued rate cuts by the European Central Bank, the Bank of England, and other major global central banks whose currencies are included in the dollar index.

Daily Forecast:
EUR/USD

The pair is consolidating above the 1.1400 support level ahead of the U.S. inflation report. A local downward reversal could occur if the data meets or exceeds expectations. A drop below 1.1400 may amplify bearish pressure, potentially pushing the pair down to 1.1200. A key level for selling the pair is 1.1385.

NZD/USD

The pair is consolidating above the 0.6020 support level in anticipation of the U.S. inflation release. If the data meets or exceeds expectations, a local reversal downward may follow. A move below 0.6020 could intensify the bearish momentum, potentially driving the pair toward 0.5940. A key level for selling the pair is 0.6010.

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XAU/USD. Analysis and Forecast

Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from taking aggressive positions, helping the metal stay above the key psychological level of $3400.

The continued escalation of geopolitical tensions in the Middle East keeps pressuring market optimism, heightening concerns about global instability. At the same time, the growing expectation that the Federal Reserve will further reduce borrowing costs in 2025 is keeping the U.S. dollar from strengthening. This, in turn, is helping to limit gold's downside.

From a technical standpoint, Friday's breakout above the round $3400 level and positive oscillators on the daily chart favor XAU/USD bulls. Therefore, any further corrective pullback can be seen as a buying opportunity, with downside likely to remain limited around the $3400 level. However, a drop below this level would pave the way for deeper losses toward the $3370 level. A decisive break below this zone would invalidate the constructive outlook, shifting the short-term bias in favor of the bears.

On the other hand, momentum beyond the Asian session high in the $3455–3453 level would allow the precious metal to target a retest of the all-time high at the psychological $3500 level, reached in April. A decisive move beyond that level could act as a new trigger for the bulls, paving the way for an extension of the recently well-established uptrend.
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Middle East Crisis as a Prelude to Global War... (Limited Downside Possible for Bitcoin and EUR/USD)

The missile standoff between the U.S. proxy Israel and Iran continues. Yesterday's unexpected departure of the U.S. president from the G7 summit in Canada sparked speculation that America might engage more directly in the Israeli-Iranian conflict. However, Donald Trump keeps insisting that the conflict must be resolved peacefully.

White House Press Secretary K. Leavitt stated Monday that Trump returned to Washington to "attend to many important matters," but later amended this explanation on social media, linking his departure directly to the Middle East situation. Many market participants interpreted this as a signal that the crisis is escalating to a level where both sides are striking critical infrastructure, prompting speculation that the U.S. might become more involved in supporting its regional proxy. Meanwhile, the president continues to take a hands-off approach, saying he's unaware or uninvolved—only intensifying the negative effects of growing uncertainty.

On these developments, crude oil prices, which had started to correct lower and energy sector stocks, resumed upward movement. Given the likely long duration and potential intensification of the conflict—particularly if Tehran retaliates by striking U.S. military bases or blocking sea trade routes off its coast (especially if aggressive Western nations join the fray)—we may soon see oil prices soar to $100, $150, or even higher. That would deliver a severe blow to Western economies and global trade overall, with all the negative ripple effects such a crisis entails.

Meanwhile, worsening conditions in the U.S. economy may force the Federal Reserve to resume rate cuts, which could drive inflation even higher despite already being far from the 2% target. This conflict could throw the U.S. back into an era of double-digit inflation not seen since the 1970s–80s.

In such a scenario, the U.S. dollar would lose its status as a safe-haven asset, and interest in dollar-denominated assets would fade. At the forefront would be the massive U.S. national debt, which Washington will likely never be able to repay to foreign creditors.

Considering these dynamics, one can conclude that failure to de-escalate the Middle East crisis could soon pull more countries into its orbit and trigger a new world war with catastrophic consequences.

What to Expect in Today's Markets?
Today, investors are focused on the release of U.S. retail sales data. However, it's important to note that markets remain preoccupied with the Middle East. Events unfolding there will continue to dictate risk appetite and asset flows. For now, investors remain hopeful that full-scale war can be avoided, which has so far prevented gold and oil prices from skyrocketing. Stocks, cryptocurrencies, and the U.S. dollar are consolidating in tight ranges. This behavior is likely to continue even after the Fed's policy decision tomorrow, which isn't expected to offer new insight into Chairman Jerome Powell's stance on either internal or external crises.

Forecast for the day:
Bitcoin
BTC continues to trade in a broad but gradually declining range. The wave of negative sentiment—now amplified by Middle East tensions—puts pressure on crypto demand. Bitcoin is likely to fall further. A drop below $106,733 may trigger a move down to $104,129 and possibly to $100,350, which marks the lower boundary of this short-term trend. The sell level to monitor is $106,504.80.

EUR/USD
The pair is surging rapidly. The euro, viewed as an alternative to the dollar, is rising not because of eurozone strength but because investors are fleeing dollar assets amid fears that U.S. involvement in the Middle East conflict could severely undermine the greenback. Markets have essentially abandoned the long-standing notion that the dollar, as the world's reserve currency, offers protection from financial turmoil. However, if the Fed holds policy steady, that might lead to profit-taking, causing a correction in EUR/USD. A drop below 1.1540 could spark further downside toward 1.1420. The key sell level to monitor is 1.1535.

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The main events by the morning: June 19

Russia and China condemn Israel's actions that violate the UN Charter: the result of a telephone conversation between Putin and Xi Jinping. The two countries have the same position: both leaders are confident that the resolution of the situation in the Middle East cannot be achieved by force, but only by political and diplomatic methods. 

Microsoft will lay off thousands of employees amid investments in AI. WSJ reports that the company is planning several thousand layoffs. They will affect sales teams and other departments. The planned staff reduction is taking place against the background of growing investments in AI – in May, about 6 thousand software developers were already laid off.

Platinum has peaked in more than 10 years amid increased demand and supply shortages. Spot prices rose by more than 2%, reaching $1,350.17 per ounce. Since the beginning of the year, the value of platinum has increased by more than 45% due to a shortage of supply and active replenishment of stocks by jewelry manufacturers. There is also a growing interest from Asian buyers, especially from China and India. Tensions in the Middle East are further stimulating purchases of platinum as a safe asset.

The Central Bank of Norway lowered the rate for the first time in 5 years – from 4.5% to 4.25% per annum. This decision by the central bank came as a surprise to analysts and caused a drop in the national currency and government bond yields. The dollar rose by 1.5% against the Norwegian krone, the euro – by 0.9%. At the same time, the yield on ten–year government securities decreased by 10 basis points to 3.95% per annum, which is the lowest since May 12. Norges Bank has kept the rate at its highest level in 15 years since December 2023.

Euro-based stablecoins may start competing with the US dollar by 2028. Experts predict that the weakening of the dollar, which has reached a three-year low, creates opportunities for strengthening the euro as a reserve currency. Currently, the market is dominated by 56 stablecoins pegged to the dollar, against 12 pegged to the euro. And when this gap narrows, more euro-based stablecoins will appear.
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Supply risks fuel oil, Asia gains, dollar stays afloat

Night of Escalation: Israel and Iran Exchange Heavy Strikes
Tensions between Israel and Iran surged overnight as Israeli forces launched airstrikes targeting Iranian nuclear facilities. In retaliation, Tehran fired a barrage of missiles and drones at Israeli territory. The air conflict has intensified over the past week, with neither side showing signs of backing down or seeking a diplomatic resolution.

America's Dilemma: Trump to Decide on U.S. Involvement Soon
The White House confirmed that President Donald Trump is expected to announce within the next two weeks whether the United States will intervene in the growing Israel-Iran conflict. The possibility of military involvement has sparked backlash among some segments of Trump's MAGA base, complicating the administration's decision-making process.

Markets on Edge: Investors Turn Cautious Amid Uncertainty
In global markets, caution prevailed. Asian futures for the Nasdaq and S&P 500 fell by 0.3 percent. With U.S. markets closed for the holiday, Asian trading lacked a clear direction.

The MSCI Asia-Pacific index, excluding Japan, edged up by 0.1 percent, yet remains on track for a weekly decline of about 1 percent. Japan's Nikkei index slipped by 0.2 percent.

Global Central Banks: Mixed Signals Across Regions
In China, markets responded modestly to the central bank's decision to keep its benchmark lending rates unchanged, as widely expected. The blue-chip index rose 0.3 percent, and Hong Kong's Hang Seng gained 0.5 percent.

Meanwhile, market watchers see limited chances of the Bank of Japan raising interest rates before December. Current projections place the odds slightly above 50 percent.

In a surprise move, Switzerland's central bank cut rates to zero and left the door open for negative rates in the future. The Bank of England held its policy steady but hinted at the need for more easing ahead. Norway's central bank caught markets off guard by cutting interest rates for the first time since 2020.

Gold Slips as Investors Turn Toward the Dollar
Gold prices edged down by 0.2 percent on Thursday, landing at $3363 per ounce. More notably, the precious metal is on track to post a weekly decline of around 2 percent, reflecting shifting investor sentiment amid global tensions.

Markets in Retreat: Global Stocks Fall, Dollar Gains Ground
Fears of U.S. involvement in the intensifying Israel-Iran air conflict sent shockwaves through global markets. Investors rushed toward perceived safe havens, causing the dollar to strengthen and equity markets to retreat.

Europe's STOXX 600 index declined by 0.6 percent, marking its third consecutive day of losses. Weekly performance dropped nearly 2.5 percent — the sharpest fall since April, when tariffs and trade uncertainty rattled investors.

Wall Street on Hold, But Futures Signal Volatility
U.S. markets remained closed on Thursday for a national holiday, but futures painted a worrying picture. S&P 500 futures dropped nearly 1 percent, indicating growing caution among traders despite the holiday pause.

Oil Surges on Supply Fears Amid Middle East Tensions
Crude oil was once again at the center of market concerns. Mounting fears of supply disruptions from the Middle East pushed oil prices sharply higher. Brent crude rose 2 percent on Thursday, reaching $78 per barrel — its highest level since January — capping a week where prices have jumped by about 11 percent.

Currency Moves: Dollar Rallies as Riskier Currencies Fall
On currency markets, the dollar extended its rally. The euro slid 0.2 percent to trade at $1.1462, while the Australian and New Zealand dollars — typically sensitive to risk sentiment — both dropped around 1 percent.

Fed Holds Rates Steady as Trump Voices Frustration
The U.S. Federal Reserve opted to keep interest rates unchanged on Wednesday, a move that drew criticism from Donald Trump. Despite political pressure, central bank officials reaffirmed their forecast of two potential quarter-point rate cuts by the end of the year but chose to pause for now.

Fed Chair Jerome Powell struck a cautious tone, warning that current trade tariffs, largely driven by Trump's administration, could trigger "significant" inflation down the road. His comments signaled that the Fed is hesitant to proceed with aggressive monetary easing in the near term.

Bank of England: Trade Uncertainty Keeps Growth in Check
Across the Atlantic, the Bank of England also maintained its policy stance on Thursday, leaving interest rates unchanged as widely anticipated. Policymakers noted that ongoing trade tensions continue to act as a drag on the British economy. This outlook put further downward pressure on the pound.

Nordic and Swiss Moves: Diverging Market Reactions
In a surprise to investors, Norway's central bank cut its benchmark rate by 25 basis points, triggering a decline in the value of the krone. The move signaled a shift toward a more accommodative stance amid rising global uncertainty.

Meanwhile, the Swiss National Bank followed expectations by lowering its policy rate to zero. While some had speculated a move into negative territory, the SNB's restraint actually strengthened the franc. The U.S. dollar fell 0.1 percent, settling at 0.8184 francs.

Platinum Soars: Shining as a Gold Alternative
On the commodities front, platinum prices surged to their highest level in nearly 11 years, topping 1300 dollars per ounce. Analysts suggest the metal's appeal has grown as consumers seek a more affordable alternative to gold in a volatile precious metals environment.

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The main events by the morning: June 25

Russian oil has broken two records at once: a record high price and record low imports. The cost of a barrel of Urals crude oil last week exceeded $68, which was the highest since January. Now the price of Russian oil has dropped to $65-$65.23 per barrel. At the same time, shipments fell to a minimum in 2 months — 220 thousand barrels per day. During the week, this figure decreased by 4%.

The duty on wheat exports from Russia has been reduced 2.3 times since June 25. Now the duty rate is 248.3 rubles against 566 rubles per ton a week earlier, the Ministry of Agriculture said. The duty on barley will once again be zero, and on corn it will decrease to 358.1 rubles from 397.3 rubles per ton. The new rates will be valid until July 1.

Some American media outlets claim that the United States has failed to destroy Iran's nuclear program. CNN, citing U.S. intelligence, notes that the main components of the country's nuclear program have not been destroyed. The US attack most likely only set the nuclear program back a few months. Trump critically disagrees with the intelligence data and publicly defends the success of the attack on Iran. 

China has become more interested in building the Power of Siberia-2 amid the conflict between Iran and Israel. It showed that oil supplies from the Middle East may not be so reliable, and China needs stable alternatives. However, the problem is that China is trying to promote not very favorable conditions for the Russian Federation and purchase gas at almost the same price at which it is sold on the Russian domestic market. 

The UK will spend the proceeds from the Russian frozen assets on missiles for Ukraine. The country will supply 350 latest air defense missiles. The ammunition is planned to be used with the help of Raven systems previously supplied by the UK — five of them are still on their way to Ukraine.

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XAU/USD. Analysis and Forecast

Gold is drawing renewed selling interest today after breaking below the key $3300 level. Traders are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) Price Index, which is viewed as a crucial indicator for assessing the Federal Reserve's policy outlook. These figures are expected to significantly influence the short-term trajectory of the U.S. dollar and, by extension, the price of gold.

Despite some optimism around a potential ceasefire between Israel and Iran and a broader risk-on sentiment diverting investors away from safe-haven assets, concerns over the Federal Reserve's independence and prevailing bearish sentiment toward the U.S. dollar may help limit the downside for gold. Notably, data released yesterday showed that the U.S. economy contracted more than expected in the first quarter. This reinforces expectations of Fed rate cuts and keeps the dollar subdued near multi-year lows, indirectly supporting demand for gold as a defensive asset.

Earlier this week, Jerome Powell reiterated that the Federal Reserve is in a favorable position to delay interest rate cuts until it has better control over the inflationary impact of high tariffs. These remarks drew renewed criticism from President Donald Trump, who again called for lower rates and even hinted at the possibility of replacing Powell as early as September or October.

Such developments raise concerns about potential threats to the Fed's independence and may limit any positive reaction of the U.S. dollar to upcoming inflation data. As a result, gold prices are unlikely to experience a sharp and sustained decline.

From a technical perspective, today's intraday drop below the 200-period Simple Moving Average (SMA) on the 4-hour chart could be viewed as a fresh trigger for sellers. Given that daily chart oscillators are gaining downside momentum, the precious metal could accelerate its decline toward the $3245 level, with further support seen at the horizontal level of $3210, the psychological $3200 mark, and potentially the $3175 level.

On the other hand, the $3324–3325 level is acting as immediate resistance, ahead of the $3350 level. Above that, further resistance lies near $3368–3370, which could limit additional gains. However, a sustained move above this range would allow XAU/USD to revisit the $3400 level. Continued buying interest beyond that point would invalidate the bearish outlook and shift momentum in favor of the bulls.

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The main events by the morning: June 30

Trump will appoint only a candidate willing to lower interest rates as the new head of the Federal Reserve System. He criticized the current chairman, Jerome Powell, calling him a «stubborn ass» and expressing hope for his resignation, although Powell's term expires in May 2026. Currently, the Fed is keeping the rate at 4.25-4.5%, but Trump insists on a significant reduction.

The United States lifted sanctions against Russia regarding the Paks-2 NPP project in Hungary. This was stated by the country's Foreign Minister Szijjarto. The construction of the station can be continued. Recall that in November 2024, the Biden administration imposed sanctions against Gazprombank, through which the project was financed. 

Canada has made concessions to the United States in the trade war. The country will abolish the digital services tax against American companies ahead of an expected deal with the United States. Negotiations on the trade agreement are scheduled to resume by July 21. 

All G7 countries are ready to make concessions to the Trump administration. They agreed on Saturday to exempt American companies from certain provisions of the existing global tax agreement. The G7 said the plan recognizes existing U.S. minimum tax laws and aims to increase the stability of the international tax system.

South Korea postponed the digital won pilot due to costs and lack of a commercialization plan. Instead, the Central Bank will focus on regulating stablecoins linked to won in order to reduce dependence on dollar tokens and preserve financial sovereignty. The eight largest banks are already working on the creation of such a stablecoin, and the issue will be controlled through licensed banks to protect the economy.

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The main events by the morning: July 2

The Iranian President has signed a decree suspending cooperation with the IAEA. According to the document, the agency's employees are temporarily banned from entering the country. The decision is justified by the need to ensure the safety of Iranian nuclear facilities and specialists in the field of nuclear energy. Thus, the control by the international agency has actually been suspended, which may pave the way for the unrestricted development of the Iranian nuclear program.

Germany and the UK are close to signing an extensive mutual assistance agreement. The text of the agreement is almost agreed upon, and the document can be signed before July 17. The treaty will confirm Berlin and London's commitment to the NATO alliance as the main pillar of their collective defense. 

Google faced a fine of $314 million in connection with the illegal use of Android user data. Consumers claimed that Google programmed Android phones to transmit data to Google servers when users were not connected to a Wi-Fi network. The corporation used this information «to promote its corporate interests.»

Azerbaijan continues to ruin relations with Russia. The country suspended negotiations with the Russian Federation on a number of major economic agreements and officially accused Russia of torture and violation of international law. Russian-language schools are also being closed in Azerbaijan. It is reported that this decision is aimed at strengthening the position of the Azerbaijani language as the main language of education and integrating all citizens into a single educational environment.

Hong Kong claims to be the first in the world in terms of IPO volume. In 2025, Hong Kong may surpass New York in terms of initial public offerings. Since the beginning of the year, IPOs on the local stock exchange have raised HK$107 billion, an increase of 701%. Up to 100 placements worth up to $28 billion are expected by the end of the year. Geopolitics, the activation of Chinese companies, and the flow of capital from the United States have made Hong Kong a popular destination again.
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XAU/USD. Analysis, Forecast, and Current Market Situation

Gold is maintaining a bearish intraday tone today.Oscillators on the daily chart are just beginning to show negative momentum, indicating the potential for further declines in the metal's price.

The XAU/USD pair has repeatedly failed to break above the 100-period Simple Moving Average (SMA) on the 4-hour chart, leading to a drop in price to the $3300 level. This development is viewed as a renewed signal of bearish sentiment in the gold market. In this case, the price may accelerate its decline toward the next support near $3270, followed by a continued drop into the $3245–3248 level.

On the other hand, the $3324–3325 area—where the 50-period SMA lies—serves as the nearest resistance before a stronger zone around $3342–3343, which aligns with the 200-period SMA. If buyers manage to break through these levels and consolidate above the $3350–3352 level—where the 100-period SMA is located—this would open the door for further gains in the precious metal. In such a scenario, bulls could aim for a return to the psychological $3400 level.
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Trade storm over Asia: Japan, Korea face 25% tariff hit

Asian Markets Show Cautious Optimism Amid US Tariff Maneuvers
Asian stock exchanges responded with mild enthusiasm following the latest move by US President Donald Trump to ramp up import tariffs. Meanwhile, the US dollar held steady and oil prices slipped slightly.

Trump's Tariff Notices Shake Wall Street
Wall Street took a downturn after Trump sent formal notifications to 14 countries, including Japan and South Korea, announcing sharp increases in import duties. The tariff hikes were deferred until August 1, giving markets temporary breathing room.

Japan Reacts as Trump Leaves Door Open
Japan's Nikkei index initially slipped but later recovered, buoyed by Trump's comment that the deadline was "firm, but not set in stone," implying that revisions might be possible for selected nations.

Australian Dollar Jumps on Unexpected Rate Hold
Australia's currency surged after the Reserve Bank of Australia unexpectedly decided to leave interest rates unchanged, defying widespread forecasts of a cut.

Markets Wary After Previous U-turns
According to Tapas Strickland of National Australia Bank, investors reacted with caution, remembering Trump's earlier rollback of his so-called "Liberation Day" tariffs initially scheduled for April 2.

Limited Trade Deals and a Fragile Peace with China
Back in April, the US capped reciprocal tariffs at 10 percent through July 9 to allow time for negotiations. However, only two agreements were reached — with the UK and Vietnam. A tentative framework was also established with China in June, offering a glimmer of stability in the ongoing trade conflict.

Currency Watch: Dollar Edges Higher
The US dollar rose 0.1 percent to 145.88 yen, hitting a two-week high. The euro climbed 0.3 percent to 1.1744 dollars, while the Australian dollar advanced 0.8 percent to 0.6541 dollars.

Australia Surprises Markets by Holding Interest Rate Steady
In an unexpected decision, the Reserve Bank of Australia kept its benchmark interest rate unchanged at 3.85 percent, catching markets off guard. The majority of board members expressed the need for further data confirming a sustained decline in inflation before considering any adjustments.

Oil and Gold Retreat After Early Gains
Commodities saw moderate losses. US crude oil fell by 0.5 percent to 67.61 dollars per barrel after nearly two percent growth on Monday. Spot gold slipped by 0.2 percent, continuing a cautious trend.

European Futures Dip Amid Uncertainty
Futures on major European indices pointed downward. Euro Stoxx 50 and Germany's DAX both declined by 0.2 percent, while UK's FTSE dropped by 0.4 percent.

Trump's Tariff Message: New Pressure on Trade Partners
On Monday, President Donald Trump sent letters to 14 nations — including Japan and South Korea — warning of substantial tariff hikes on goods imported into the United States. These changes are scheduled to take effect on August 1. The original July 9 deadline for trade deals was postponed, though Trump noted that the new date could be flexible if countries present compelling counteroffers.

EU Not Yet Targeted
According to sources within the European Union, the bloc has not received any such letters from Washington. Meanwhile, EU officials are evaluating the possibility of securing exemptions from the standard US tariff rate of 10 percent.

Sector Reaction: Real Estate Falls, Resources Rise
In response to the shifting landscape, European real estate stocks dropped by 0.6 percent, while shares of companies in the basic resources sector climbed by 0.7 percent.

ArgenX Stock Rises After Deutsche Bank Upgrade
Shares of Belgian biotech company ArgenX climbed 1.4 percent after Deutsche Bank revised its outlook on the stock from hold to buy. The upgrade sparked renewed investor interest and gave the company's market position a notable boost.

German Exports Dip as US Demand Softens
Germany's export figures fell more than anticipated in May, with a second consecutive month of reduced demand from the United States. Analysts attribute the downturn to a slowdown in orders after an earlier surge in purchases ahead of expected US tariffs.

Gold Stays Flat, Pulled Between Safe-Haven Demand and Rising Yields
Gold prices hovered near unchanged levels on Tuesday as investors balanced safe-haven interest, driven by rising trade tensions, against higher yields on US Treasuries, which tend to dampen gold's appeal.

Spot gold edged down by 0.1 percent to 3331.85 dollars per ounce as of 0612 GMT. US gold futures were largely stable at 3341.80 dollars.

Trump Escalates Tariff Pressure with August Deadline
President Donald Trump has officially notified several trade partners — including Japan and South Korea — of a new round of tariff increases set to begin on August 1. The move marks an intensification of the tariff campaign launched earlier this year, with some imports facing a 25 percent duty.

Bond Yields Rise, Pressuring Gold
Benchmark ten-year US Treasury yields hovered near a two-week high, making bonds more attractive to investors seeking returns. The resulting opportunity cost of holding non-yielding assets like gold has limited bullion's upward movement.

China Sends Warning Shot to Trump: Retaliation Is on the Table
Beijing has issued a firm warning to the Trump administration, cautioning that the planned reimposition of tariffs on Chinese goods next month could reignite trade hostilities. In addition, China threatened retaliatory measures against any countries that enter into deals with the United States aimed at cutting China out of global supply networks.

Inflation Concerns Cloud Fed's Rate Path
The prospect of renewed tariffs has intensified fears about rising inflation, further complicating the Federal Reserve's already delicate path toward lowering interest rates. Uncertainty continues to weigh on monetary policy decisions.

Markets Await Fed's June Meeting Minutes
Investors are focused on the upcoming release of the minutes from the Federal Reserve's June policy meeting, scheduled for Wednesday. The document is expected to shed light on the central bank's outlook and offer clues about future interest rate adjustments.

Precious Metals: Little Movement, Selective Gains
Precious metal prices showed limited volatility. Spot silver held steady at 36.75 dollars per ounce. Platinum dipped by 0.1 percent to 1368.93 dollars, while palladium edged up by 0.2 percent to reach 1112.88 dollars.
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[2048 cupcakes]

Market size, industry trends, developing trends, ragdoll playground capitalism's landscape and perspective, and more are addressed in specific interviews.

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Trump Back in Action: 50% Copper Tariff, More Blows to China, EU

Trump Escalates Trade War: Copper, Semiconductors, and Pharmaceuticals Targeted in New Tariff Push
In a sharp new turn in U.S. trade policy, former President Donald Trump announced on Tuesday a 50 percent tariff on imported copper and signaled the imminent rollout of long-threatened duties on semiconductors and pharmaceutical products. These measures mark a significant escalation in a global trade confrontation that has already unsettled international markets.

Fresh Pressure: 14 Nations Receive New Tariff Warnings
Just one day after sending official tariff notices to 14 trading partners — including key allies such as South Korea and Japan — Trump doubled down on his threat to impose 10 percent tariffs on goods from BRICS countries, naming Brazil and India among the targets.

Negotiations Continue, But More Tariffs on the Horizon
Although Trump described ongoing trade talks with the European Union and China as productive, he also revealed plans to send another tariff warning to the EU within days, suggesting that the negotiations may not shield allies from future economic penalties.

Copper Surges, Pharma Stocks Slide
Market reactions were swift. U.S. copper futures surged more than 10 percent following Trump's announcement. The spike reflects the critical role copper plays in electric vehicles, defense technology, and national infrastructure. Meanwhile, pharmaceutical stocks fell after Trump threatened to impose a 200 percent duty on imported medicines — though he noted such a move might be delayed by up to a year.

Tariff Burden Hits 90-Year High
According to Yale Budget Lab analysts, the latest wave of tariffs will raise the effective average import duty paid by U.S. consumers to 17.6 percent. This figure surpasses the previous high of 15.8 percent, making it the steepest tariff burden seen in nearly a century.

Tariffs Portrayed as a Major Revenue Stream
The Trump administration is promoting the latest wave of tariffs as a significant boost to federal income. Treasury Secretary Scott Bessent reported that the U.S. has already collected around 100 billion dollars, with expectations to reach 300 billion by year-end. In contrast, tariff revenue in recent years had hovered near 80 billion annually.

EU Races to Strike a Deal Before August
The European Union, America's largest bilateral trading partner, is working against the clock to finalize a trade agreement by August 1. Brussels is aiming to secure concessions for key export sectors, such as aerospace, medical devices, and alcoholic beverages. There is also ongoing discussion about a separate accord to shield European carmakers with production bases in the United States.

Dollar Climbs, Copper Hits New High
As tensions rise in the global trade arena, the U.S. dollar edged toward a two-and-a-half-week high against major currencies. Meanwhile, copper prices surged to an all-time record following Trump's announcement of a 50 percent import tariff on the critical industrial metal.

Semiconductors and Pharma in the Crosshairs

Wall Street came under pressure Tuesday after Trump signaled looming tariffs on semiconductors and pharmaceuticals. By Wednesday, futures continued to point downward, highlighting increased investor anxiety over new trade disruptions in vital sectors like tech and healthcare.

Asia Reacts Cautiously Amid Tariff Deadline Uncertainty
Asian-Pacific stock markets delivered mixed performances midweek as investors assessed the fallout from Trump's latest statements. Japan and South Korea, both major U.S. trading partners, face the threat of new duties unless a deal is reached by August 1. Yet Trump has given conflicting signals about whether that date is firm or negotiable.

Asian Markets Diverge: Tokyo and Seoul Gain While Sydney and Hong Kong Slip
Asian stock exchanges showed mixed results on Wednesday. Japan's Nikkei index rose by 0.3 percent, South Korea's KOSPI climbed 0.5 percent, and mainland China's CSI300 added 0.3 percent. In contrast, Australia's main index dropped 0.5 percent, and Hong Kong's Hang Seng slipped 0.7 percent.

Cautious Optimism in Europe and Wall Street
European markets opened slightly higher, with STOXX 50 futures up by 0.3 percent. In the U.S., S&P 500 futures edged down 0.1 percent, following a similar drop on Tuesday, which extended the early-week decline of 0.8 percent. Investors appear hesitant amid trade uncertainty.

Copper Retreats After Sudden Tariff Risk
Copper futures in both Shanghai and London declined as traders scrambled to adjust to Trump's abrupt announcement of new tariffs. The potential logistical challenges of meeting U.S. demand have injected volatility into the commodities market.

Pharmaceutical Sector Faces Tariff Threat
Trump reiterated the possibility of slapping a 200 percent tariff on imported pharmaceuticals. While he suggested the measure could be postponed for up to a year, the prospect alone has added pressure to healthcare markets.

Dollar Reaches New Heights
The U.S. dollar extended its recent rally, touching 147.19 yen, its strongest level since June 20. The broader dollar index, which tracks the currency against six major counterparts, climbed to 97.602, approaching its June 25 peak of 97.837.

Euro Inches Down, Pound Holds Steady
The euro slipped slightly to 1.1715 dollars, while the British pound remained virtually unchanged at 1.3591 dollars.

Gold and Oil Ease After Recent Highs
Gold prices continued to fall, losing another 0.3 percent to settle at 3292 dollars per ounce after a sharp drop of more than 1 percent on Tuesday. Oil also retreated from two-week highs, with Brent declining 22 cents to 69.93 dollars per barrel and West Texas Intermediate falling 23 cents to 68.10 dollars.
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9 hours ago, 2048 cupcakes said:

Market size, industry trends, developing trends, ragdoll playground capitalism's landscape and perspective, and more are addressed in specific interviews.

Hello! The forum thread is dedicated to the Forexmart company. If you have any questions, I will be glad to answer them.

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The main events by the morning: July 10

Bitcoin has updated its historical maximum amid growing investor interest. The cryptocurrency exchange rate rose to a record $112,022 due to increased risk appetite and stable demand from institutional investors. Bitcoin is supported by the friendly policy of the Donald Trump administration, as well as the plans of Trump Media & Technology Group to launch a cryptocurrency ETF with investments in BTC. On Thursday morning, bitcoin is trading at $111,296. Since the beginning of the year, the asset has risen in price by 19%, and in 12 months it has almost doubled.

Trump will impose a 50% duty on copper supplied to the United States from August 1. «Having received a thorough assessment of our national security, I announce the introduction of duties on copper in the amount of 50% starting from August 1, 2025,» he wrote. On the Truth Social network, the president noted that copper is the second most used material by the US Department of Defense.

The United States imposes a 50% duty on imports from Brazil from August 1. President Donald Trump announced the introduction of a 50% tariff on all imports from Brazil starting on August 1. The measure is connected, according to him, with Brazil's «attacks» on freedom of speech and elections in the United States. In response, Brazilian President Lula da Silva promised mirror measures. Earlier, Trump also announced the imposition of duties against a number of other countries, including the Philippines, Algeria and Japan.

FTSE 100 has updated its historical maximum amid the growth of mining stocks. The index rose by 1.05% to a record 8,960.72 points due to rising metal prices. The leaders were Rio Tinto, Glencore, Anglo American, Fresnillo and Endeavour. Investors are ignoring trade tensions despite new US tariffs, including a 50% duty on copper imports. Since the beginning of the year, the index has gained 9.5%, supported by capital inflows and a trade agreement with the United States.
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