TrumpPowell
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🔵 Here are the most important developments:
• In an exciting development, President Trump sent a handwritten letter to Jerome Powell urging him to cut interest rates sharply.
⬅️ The dollar is experiencing its worst performance since 2009, down more than 10% since the beginning of 2025!
• The euro and yen continue to rise, driven by the weakness of the US currency.
• Eurozone inflation accelerated to 2% in June, as expected, compared to 1.9% in May (positive for the euro).
⬅️ All eyes are on Powell's upcoming speech and the Purchasing Managers' Index (PMI) and Employment Opportunities (JOLTS) data, expected this afternoon.
🟡 Gold prices rose in trading on Tuesday, supported by the decline in the value of the US dollar💵, as investors await expected labor market data later this week, which is relied upon to determine the path of the US Federal Reserve's monetary policy, amid renewed calls from US President Donald Trump🇺🇸 to cut interest rates:
🟨 Gold futures rose 1.1% to $3,339.65.
🔴 The US dollar index fell 10.8% in the first half of 2025, its worst half-year performance since 1973, when it fell by about 14.8%.
⬅️ Analysts attributed the dollar's decline to the policy of divesting US assets, including stocks and bonds, in response to Trump's trade war, as well as uncertainty about fiscal policy.
#TrumpPowell
• In an exciting development, President Trump sent a handwritten letter to Jerome Powell urging him to cut interest rates sharply.
⬅️ The dollar is experiencing its worst performance since 2009, down more than 10% since the beginning of 2025!
• The euro and yen continue to rise, driven by the weakness of the US currency.
• Eurozone inflation accelerated to 2% in June, as expected, compared to 1.9% in May (positive for the euro).
⬅️ All eyes are on Powell's upcoming speech and the Purchasing Managers' Index (PMI) and Employment Opportunities (JOLTS) data, expected this afternoon.
🟡 Gold prices rose in trading on Tuesday, supported by the decline in the value of the US dollar💵, as investors await expected labor market data later this week, which is relied upon to determine the path of the US Federal Reserve's monetary policy, amid renewed calls from US President Donald Trump🇺🇸 to cut interest rates:
🟨 Gold futures rose 1.1% to $3,339.65.
🔴 The US dollar index fell 10.8% in the first half of 2025, its worst half-year performance since 1973, when it fell by about 14.8%.
⬅️ Analysts attributed the dollar's decline to the policy of divesting US assets, including stocks and bonds, in response to Trump's trade war, as well as uncertainty about fiscal policy.
#TrumpPowell
Earleen Vizcaino:
he can also write 👍
🔵 Here are the most important developments:
• The dollar has fallen to its lowest level in more than three years.
• A "fragile" truce between Iran and Israel.
The calm continues, but doubts surround intentions... Nuclear negotiations may return to the forefront!
• Trump vs. Powell: A new battle between the former president and the Fed chairman.
⬅️ Trump calls for a rapid interest rate cut, and Powell responds with caution and deliberation!
⚠️ Stay tuned for the US GDP release this afternoon, an indicator that could move the markets strongly!
#IsraelIranConflict
#TrumpPowell
#Write2Earn
• The dollar has fallen to its lowest level in more than three years.
• A "fragile" truce between Iran and Israel.
The calm continues, but doubts surround intentions... Nuclear negotiations may return to the forefront!
• Trump vs. Powell: A new battle between the former president and the Fed chairman.
⬅️ Trump calls for a rapid interest rate cut, and Powell responds with caution and deliberation!
⚠️ Stay tuned for the US GDP release this afternoon, an indicator that could move the markets strongly!
#IsraelIranConflict
#TrumpPowell
#Write2Earn
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