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President Trump touted a preliminary trade deal with Japan earlier this week.Trade terms may be far less agreed-upon than White House officials led markets to believe.The announcement that Japan would invest $550B in US businesses for only 10% of the profits may have been premature.Japanese officials quietly hit newswires on Friday to tamp down market expectations.United States (US) President Donald Trump proudly declared an impending trade deal between the US and Japan earlier this week, touting an arrangement that would see US importers pay a much milder 15% tariff fee on all goods imported from Japan compared to the threatened…

The Dow Jones is clawing back recent losses as investor sentiment continues to climb.Traders continue to bank on an eventual walk back of the Trump team’s sky-high tariff threats.Trade deals remain limited, and the August 1 deadline is approaching fast.The Dow Jones Industrial Average (DJIA) rebounded on Friday, recovering its footing after a mild downturn during the previous session. Q2 earnings broadly beat the street this week, sending most major indexes into record highs, but the Dow Jones grappled with some downside in key overweight stocks, crimping the blue-chip average’s top line.Markets rise on milder-than-expected durables declineHeadline Durable Goods Orders…

Gold pressured by robust US labor data and progress on US–EU trade deal.US Dollar rebound and trade optimism curb safe-haven demand, sending XAU/USD to $3,325 low.Traders eye Fed decision, US Q2 GDP, Core PCE, and NFP data in coming week.Gold price (XAU/USD) is poised to end the week on a lower note as economic data from the United States (US) and progress in trade deals with the latter weighed on safe-haven demand, driving the yellow metal lower. Additionally, the Greenback recovered some ground despite falling US Treasury yields. At the time of writing, the XAU/USD trades at $3,336, down almost…

NZD extends losses for the second day on Friday but remains on track for a weekly gain.US President Donald Trump signals “most trade deals are finished,” with talks nearing conclusion with China.US Treasury Secretary Bessent confirms tariff talks with China to resume next week in Stockholm.The New Zealand Dollar (NZD) extends losses for a second consecutive session on Friday but remains poised for a weekly gain, supported by improved risk sentiment amid growing optimism over potential US trade deals. A mid-week bounce in the Greenback, underpinned by strong US economic data and firm expectations that the Federal Reserve (Fed) will…

West Texas Intermediate declines as Venezuela and OPEC+ increase concerns about oversupply.Clarity on US–EU and US–China trade talks may guide the direction of WTI.WTI Crude Oil drops below $65.00 as technical pressure aligns with rising supply outlook.West Texas Intermediate (WTI) is under pressure on Friday as markets respond to a growing global supply outlook and remain cautious on demand prospects.At the time of writing, WTI is trading below $65.00, with daily losses exceeding 1.50%.The market is reacting to the prospect that Venezuela could resume Oil exports, following the US decision to reinstate Chevron’s license to operate in the country. The move…

The Canadian Dollar fell even further against the Greenback on Friday.Trump has pivoted back to tariff threats on Canada as trade deals remain limited.The tariff deadline of August 1 is fast-approaching, and Canada has shown little movement thus far.The Canadian Dollar (CAD) took another hit on Friday, extending into a two-day backslide against the US Dollar (USD) as Loonie traders hunker down for a fresh bout of tariff-fueled tirades from United States (US) President Donald Trump. The Trump administration’s self-imposed deadline of August 1 for steep “reciprocal” tariffs, which have been announced, delayed, and then delayed again, is approaching quickly.…

Since US President Trump’s reciprocal tariffs address on April 2, the EUR is the second best performing G10 currency after the safe-haven CHF, Rabobank’s FX analyst Jane Foley reports. EUR holds ground amid tariff turmoil”The EUR’s resilience has stemmed from the optimism triggered by the relaxation in Germany’s debt brake in March and by the broad-based assumption that this was a game changing event for the region. The EUR was boosted further by the rotation out of US assets triggered by fears that Trump’s tariffs could push the US into recession and trigger a spike in inflation.””The rotation trade has…

AUD/USD slips from YTD high as rising US yields lift demand for the US Dollar.US Dollar gains traction on trade optimism and steady Fed expectations.AUD/USD rejection at wedge resistance raises downside risks below 0.6600.The Australian Dollar (AUD) is losing ground against the US Dollar (USD) on Friday, pressured by rising US Treasury yields that continue to support demand for the Greenback. After climbing to a year-to-date high of 0.6625 on Thursday, AUD/USD has slipped, trading below 0.6600 at the time of writing.Market sentiment toward the US Dollar has improved. While President Donald Trump continues to criticize the Federal Reserve (Fed)…

Gold slips below $3,350 as rising US yields and a stronger US Dollar pressure prices.Hopes for progress in US–China and EU–US trade talks lift risk appetite, reducing demand for Bullion..XAU/USD threatens triangle support as sellers pressure prices below $3,350.Gold is trading lower on Friday as risk appetite improves, trade tensions ease, and the US Dollar firms.At the time of writing, XAU/USD is trading below $3,330, down over 1% on the day, pressured by rising US Treasury yields and fading demand for safe-haven assets.Friday’s US Durable Goods Orders report showed a 9.3% decline in June, better than the 10.8% drop expected…

Trump Accounts, recently introduced as part of the One Big Beautiful Bill Act (OBBBA), are generating a lively debate among savings and retirement experts.Presented as a new form of birthright investment account, could these accounts really rival, or even surpass, Individual Retirement Accounts (IRAs)? A closer look is in order.A financial boost from birthThe principle behind Trump Accounts is simple: for each child born between 2025 and 2028, the US Government automatically pays an initial deposit of $1,000, provided the child has a Social Security number.Thereafter, parents, employers or other entities can contribute up to $5,000 per year to this…