brics

Markets are gearing up for a week packed with geopolitical tension, monetary policy updates, and key economic data. All eyes are on the BRICS summit, the Fed's meeting minutes, Trump’s looming tariff deadline, and a new wave of corporate earnings. Meanwhile, cryptocurrencies remain relatively stable—but uncertainty is rising.

Packed Agenda: BRICS Summit, Amazon, and the Fed in Focus
This week kicked off with Monday’s BRICS summit, where further alignment among emerging economies is expected. At the same time, investors are closely watching the U.S. Federal Reserve, which is set to release the minutes from its June meeting on Wednesday—a potential signal on the path of interest rate cuts.
Also looming large is July 9, when the 90-day moratorium on Trump-era tariffs ends. The former president is expected to announce a new wave of "reciprocal" tariffs, set to take effect on August 1. On Sunday, Trump warned of an additional 10% duty for countries he says support "anti-American BRICS policies."

U.S. Credit Data and Amazon Prime Day in the Spotlight
On Tuesday, investors will get a look at U.S. consumer credit data, offering insight into household debt levels and spending behavior—key indicators of recession risk.
At the same time, Amazon’s Prime Day kicks off—extended to four days this year. The massive retail event will be a key gauge of consumer sentiment, as Amazon aims to beat last year’s record sales.
Wednesday brings the Fed’s meeting minutes, offering a glimpse into policymakers' thinking as the market continues to reprice expectations for rate cuts. While last week's jobs report showed strong payroll growth in June, private sector hiring fell to an 8-month low, and average working hours dropped—suggesting the labor market may be losing steam.
On Thursday, new unemployment claims are expected, adding another layer of insight into labor market dynamics.

Europe Steady, Stocks Cautious Amid Trade Tensions
Last week saw U.S. equity indices hit fresh all-time highs:

🔹 S&P 500 closed at 6,279.35

🔹 Nasdaq reached 20,601
The Dow Jones remains near its peak, though analysts warn the rally may be on shaky ground. In Europe, Monday trading was subdued as investors brace for possible trade shocks from Trump’s looming tariffs.
🔹 STOXX 600 hovered at 541.15

🔹 DAX inched higher

🔹 CAC 40, IBEX, and FTSE saw slight declines in early trading

FX and Crypto Markets: Stable for Now, But Watching Closely
The U.S. dollar remains under pressure, hovering near multi-year lows. FX markets are highly sensitive to trade-related headlines, and risk currencies like the Australian and New Zealand dollars have already slipped ahead of their central bank decisions this week.
The global digital asset market saw modest gains and holds above $3.36 trillion, with 24-hour trading volume at $92 billion.
🔹 Bitcoin is trading at $108,615, up 3% over the past 30 days

🔹 Ethereum (ETH) is up more than 4% in the past week, currently at $2,562

🔹 Dogecoin gained 3% in the past 24 hours, though it's still down 8% over the past month

Week Overview
✅ Key events: BRICS summit, Trump’s tariff decisions, Fed minutes

✅ Stocks at all-time highs, but sentiment remains cautious

✅ Crypto markets stable but sensitive to upcoming data

✅ Currencies and equities vulnerable to geopolitical and macro shifts

#BRICS , #Fed , #FederalReserve , #TRUMP , #CryptoNews

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As the United States escalates trade tensions with BRICS nations, the global financial order faces an unprecedented turning point. Could these tariffs spark the downfall of the dollar’s dominance and accelerate the world’s shift toward a multipolar trade system? Economists think so — and the consequences could be seismic.

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🌐 The Dollar Era Under Threat: A Global Reckoning Begins

For nearly a century, the U.S. dollar has ruled global trade, serving as the primary currency for international transactions, energy deals, and sovereign reserves. But a major policy decision from Washington may now trigger what many economists have long warned: the unraveling of dollar hegemony.

In a bold announcement that sent shockwaves through global markets, former U.S. President Donald Trump proposed a sweeping 10% tariff on all BRICS nations — a group comprising Brazil, Russia, India, China, and South Africa, with new additions like Egypt and Iran on the horizon. Though pitched as a measure to "protect American industries," the move may backfire spectacularly, according to top analysts.

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📉 “A Strategic Miscalculation”: BRICS Responds with Structural Countermeasures

Speaking to Russian media outlet TASS, economist Igbal Guliyev of MGIMO University issued a stark warning: This isn’t just a trade dispute — it's the beginning of a strategic global realignment.

> “The BRICS countries are rapidly forming a parallel architecture in the financial, technological and institutional areas, thereby challenging the existing status quo and the dominance of the dollar.” — Igbal Guliyev

Guliyev emphasized that rather than isolating BRICS, Washington's tariffs may galvanize a more united and future-focused response. One that not only retaliates economically, but accelerates the creation of alternative financial systems, including:

💱 A new global settlement currency

🚫 Reduced dependency on SWIFT

🏦 Enhanced cooperation through BRICS financial institutions

📊 Cross-border payment systems bypassing the dollar

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🇨🇳🇷🇺 Reactions from BRICS: Calm, Strategic — But Firm

The Chinese government was quick to label the U.S. tariff move as “economic coercion”, a term that underscores the growing frustration among emerging powers toward unilateral American policy tools.

Meanwhile, Russian Deputy Foreign Minister Sergey Ryabkov made clear that BRICS is not anti-American, but pro-multilateralism.

> “Nothing on the BRICS agenda contains an anti-American component... But economic tensions must be resolved through calm dialogue — not through threats.” — Sergey Ryabkov

His tone was diplomatic, but the subtext was undeniable: the age of U.S. dominance is no longer unquestioned.

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🧩 The Bigger Picture: De-Dollarization Is Already Underway

Long before Trump’s tariff proposal, BRICS had already begun laying the foundation for a new global financial order:

🪙 China and Russia are settling an increasing number of trade deals in yuan and rubles.

🌍 India is exploring rupee-based oil payments with the UAE and Russia.

🧾 BRICS Bank (NDB) has funded dozens of cross-border projects using local currencies.

With every new move, the dollar’s central role in global trade shrinks just a little more.

> “The world is entering a period of turbulence, where non-economic factors will increasingly determine the economic future.” — Igbal Guliyev

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📉 Why These Tariffs Could Accelerate Dollar Decline

While Washington may see tariffs as a tactical pressure tool, in reality, it could be a strategic misfire that pushes nations to act faster in decoupling from the dollar-dominated system.

Here’s why:

1. Trust Erosion: Repeated use of economic sanctions and trade threats pushes countries to diversify away from dollar risk.

2. Currency Weaponization: Global players fear becoming victims of U.S. financial tools — pushing them to invest in alternatives.

3. Unified Resistance: BRICS may accelerate joint currency projects and trade corridor initiatives to insulate themselves.

4. Multipolar Momentum: With emerging economies growing faster, the gravitational pull of dollar-alternatives is increasing daily.

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⚖️ The Future: A Multipolar Trade System Emerges

Economists and geopolitical strategists increasingly agree: The world is shifting from a unipolar to a multipolar structure. BRICS is not trying to "destroy" the dollar, but to balance global power dynamics through institutional reform, tech-driven finance, and inclusive cooperation.

We may soon witness:

🌍 Multiple reserve currencies, including digital assets.

🏦 Regionally dominant financial systems (e.g., Asian, Middle Eastern, Latin American).

📉 Reduced reliance on U.S.-led institutions like the IMF and World Bank.

In short, the tariff trigger may ignite a long-dormant revolution in global finance.

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🔚 Conclusion: Is This the Dollar's Tipping Point?

While the dollar won’t disappear overnight, the warning signs are crystal clear. Policies driven by protectionism and economic coercion could have unintended consequences that reshape the entire world order.

For the BRICS nations, these tariffs aren’t just a hurdle — they’re a wake-up call and a catalyst to fast-track alternatives. And for the rest of the world, it’s a signal to prepare for the next era of multipolar economic sovereignty.

📌 The coming years may mark the biggest shift in global finance since Bretton Woods — and it’s already begun.

#DeDollarization #BRICS #noobtoprotrader #wendy #USDominance $BTC