Wall Street stays bullish! The Nasdaq hit a new all-time high yesterday, driven by Big Tech gains. π§ π» Donald Trump, meanwhile, did not confirm The New York Times report and said he hasnβt yet decided whether to remove Fed Chair Jerome Powell β though the option is still on the table. ποΈπΊπΈ
π Futures in Europe are trending higher, and Asia wrapped up with positive momentum.
π± On the Forex front, volatility picked up:
π» AUD/USD fell over 0.5% after disappointing Aussie labour data
π EUR/USD edged down 0.1% as the Dollar steadied
π USD/JPY jumped more than 0.4%
π¦πΊ Australiaβs June jobs report disappointed:
β Unemployment rose to 4.3% vs. expected 4.1%
β Only 2,000 new jobs added (vs. forecast 20,000)
β Participation rate slightly better at 67.1%
πͺ Commodities remain calm:
π₯ Gold: -0.3%
π Palladium: -1%
π₯ In crypto, Ripple (XRP) shines β up nearly 2.5% to $3.14 π
Overall sentiment is cautious despite buzz around the new GENIUS Act, which aims to regulate the digital asset market in the U.S. ππΊπΈ
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