EUR/USD Under Pressure Despite Weaker US Dollar

By RoboForex Analytical Department

The EUR/USD pair dipped to 1.1738 on Friday as the US dollar staged a modest recovery, though it remains on track for a weekly decline. Investors continue to weigh developments in trade negotiations while awaiting next week’s Federal Reserve meeting.

Recent reports suggest the US and EU are nearing a trade agreement, which would impose tariffs of 15% on most European goods, mirroring the recent deal struck with Japan.

Amid this backdrop, monetary policy is coming into sharper focus. Markets expect the Fed to keep rates on hold at its upcoming meeting, as policymakers monitor the potential inflationary impact of new tariffs.

Meanwhile, President Donald Trump has softened his tone towards Fed Chair Jerome Powell following a historic visit to the central bank’s headquarters. Trump reiterated that he has no intention of removing Powell, despite earlier speculation.

Interest rate futures currently reflect expectations of a rate cut totalling 43 basis points by the end of 2025, with the consensus forecast anticipating one cut in September and another in December.

Technical Analysis: EUR/USD

H4 Chart:

The EUR/USD has completed an upward wave towards 1.1788 on the H4 chart. Today, we expect a downward impulse to 1.1723, followed by a potential rebound to 1.1755. The pair is likely to enter a consolidation range near the peak of this upward wave, with a possible breakout to the downside towards 1.1670 as the primary target. This scenario is supported by the MACD indicator, where the signal line remains above zero but is trending sharply downward.

H1 Chart:

On the H1 timeframe, the pair is forming the initial structure of a downward wave targeting 1.1723. The first local target at 1.1733 has already been met. A corrective rise to 1.1755 may follow before another decline towards 1.1723. The Stochastic oscillator corroborates this outlook, with its signal line below 50 and pointing firmly downward towards 20.

Conclusion

The EUR/USD faces near-term pressure, but broader dollar weakness persists. Traders should monitor developments in trade policy and forthcoming Fed communications for directional cues, while technicals suggest further consolidation with a bearish bias.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

Strong Alphabet report pushes indices to new highs; US-Canada tariff talks stall

By JustMarkets 

On Thursday, the US stocks traded mixed: the Dow Jones Index (US30) fell by 0.70%. The S&P 500 (US500) rose by 0.07%, and the tech-heavy Nasdaq (US100) closed higher by 0.25%. The S&P 500 and Nasdaq 100 both ended Thursday at record highs, supported by strong earnings from Alphabet, which boosted investor confidence in AI-related investments.

Alphabet shares rose by 1% after the company beat Q2 expectations and raised its capital expenditure forecast for 2025 by $10 billion, lifting other tech giants like Microsoft, Nvidia, and Amazon. Tesla fell by 7.9% after CEO Elon Musk warned of challenging quarters ahead. Markets also focused on an unexpected visit by President Trump to the Federal Reserve, where he increased pressure on Chairman Powell regarding interest rates. Meanwhile, trade negotiations remained a key topic: progress was reported in talks with the EU, Japan, and South Korea, although Trump stated that tariffs would not fall below 15%.

The Canadian dollar traded near 1.36 per US dollar, rebounding sharply from the July 17 low of 1.374, aided by a weakening US dollar as optimism returned around US trade deals with Japan and the EU, possibly preventing tariff escalation. Rising crude oil prices also supported Canada’s export revenues and lent further strength to the loonie. However, the rally paused as markets shifted focus to the looming August 1 tariff deadline, with US-Canada talks deadlocked. At the same time, stronger June retail sales likely support domestic growth expectations and increase pressure on the Bank of Canada to extend its easing cycle.

European stock markets traded higher yesterday. Germany’s DAX (DE40) rose by 0.23%, France’s CAC 40 (FR40) closed down 0.41%, Spain’s IBEX35 (ES35) gained 1.34%, and the UK’s FTSE 100 (UK100) ended the day 0.85% higher. On Thursday, European stocks closed higher as markets evaluated the outlook for EU trade and monetary policy. The ECB kept interest rates unchanged and noted that disinflation is progressing in line with its previous forecasts. The central bank also stated that more information on economic developments is needed for further policy clarity. Nevertheless, markets trimmed expectations for rate cuts this year after ECB President Christine Lagarde said that cuts might be unjustified. Meanwhile, reports emerged that the US is likely to agree to reduce tariffs on the EU to 15%, the lowest level applied to other countries, amid a trade deal that EU diplomats are close to finalizing.

The UK’s GfK Consumer Confidence Index fell to 19 in July 2025 from 18 in June, pulling back from a six-month high as households became more cautious amid growing concerns about taxes and inflation. Finance Minister Rachel Reeves is expected to raise taxes for the second consecutive year in her upcoming budget, after Prime Minister Keir Starmer scrapped previous plans to cut billions in welfare spending. Amid uncertainty, households boosted savings, with GfK’s savings index jumping 7 points to 34, its highest since November 2007, reflecting a shift toward financial prudence.

Hopes that easing trade tensions will support global economic growth helped ease concerns over future oil demand. WTI crude prices rose 1.2% to $66 per barrel on Thursday, breaking a four-day losing streak. On the supply side, US crude inventories fell by 3.2 million barrels last week, more than double analysts’ expectations, signaling strong demand.

Asian markets mostly advanced yesterday. Japan’s Nikkei 225 (JP225) rose by 1.59%, China’s FTSE China A50 (CHA50) gained 0.11%, Hong Kong’s Hang Seng (HK50) increased by 0.51%, while Australia’s ASX 200 (AU200) declined by 0.32%.

In New Zealand, markets are pricing in a roughly 75% chance that the Reserve Bank of New Zealand will cut its official cash rate by 25 basis points from 3.25% at its August meeting, though investors suspect it may be near the end of the easing cycle. Meanwhile, RBNZ Chief Economist Paul Conway said Thursday that the central bank is prepared to lower rates further if price pressures continue to ease as expected, warning that US tariffs could weigh on economic growth and inflation. This week, the New Zealand dollar rose by 1%, ending a two-week losing streak.

The Australian dollar fell to around 0.658 USD on Friday, extending losses from the previous session as investors remained cautious ahead of next week’s key inflation data releases. Both monthly and quarterly inflation figures are expected, which could play a pivotal role in shaping the Reserve Bank of Australia’s monetary policy outlook. RBA Governor Michele Bullock recently emphasized that the central bank is not ready to cut interest rates until stronger evidence emerges that inflation is sustainably returning to its 2.5% target, defending the RBA’s slow and steady approach.

S&P 500 (US500) 6,363.35 +4.44 (+0.07%)

Dow Jones (US30) 44,693.91 −316.38 (−0.70%)

DAX (DE40) 24,295.93 +55.11 (+0.23%)

FTSE 100 (UK100) 9,138.37 +76.88 (+0.85%)

USD index 97.52 +0.31 (+0.32%)

News feed for: 2025.07.25

  • Japan Tokyo Core CPI (m/m) at 02:30 (GMT+3);
  • UK Retail Sales (m/m) at 09:00 (GMT+3);
  • German Ifo Business Climate (m/m) at 11:00 (GMT+3);
  • US Core Durable Goods Orders (m/m) at 15:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Zimbabwe’s lithium is in demand for making batteries: how to make sure benefits flow to the local economy

By Jabulani Shaba, University of Groningen 

Zimbabwe has the largest lithium reserves on the African continent. Lithium has been mined since the colonial period in the 1950s. It’s a critical part of rechargeable lithium-ion batteries that are essential for the electric vehicle industry. Globally, the lithium-ion battery market is worth US$78.9 billion and is likely to amount to US$349.6 billion by 2034.

In 2021, there was a new lithium rush in Zimbabwe because of increased global demand for the mineral. Today, most of Zimbabwe’s lithium mines are owned by Chinese mining companies like Sinomine, Zhejiang Huayo Cobalt, Chengxin Lithium, Yahua and Canmax.

Lithium-ion batteries aren’t made in Zimbabwe. Instead, the country exports the mineral as a raw resource. Much of the value of Zimbabwe’s lithium – 480,000 metric tonnes mined since 2015 – is reaped by companies in China which make the raw lithium into batteries and other goods.

During the lithium rush, artisanal miners were involved in the lithium industry. They mined and sold raw ore. But their participation has recently slowed down because artisanal lithium mining is largely illegal. For this reason, official data reports haven’t been able to record how much lithium has been mined this way.

In 2022, the Zimbabwean government banned the export of raw lithium ore in an attempt to regulate the industry and curb artisanal lithium mining and illicit exports.

However, it was still permitted to export lithium concentrate (a powdered version of the raw mineral). But the government recently decided to ban the export of lithium concentrate from January 2027. It says the ban will improve the country’s efforts towards building facilities that add value to lithium, such as lithium refineries and battery production plants.

I research resource extraction and environmental change caused by mining in southern Africa.

If properly implemented and regulated, the new ban on exporting lithium concentrate could increase Zimbabwe’s self-sufficiency in lithium processing. It could even help the country achieve the middle-income economy it has set out in its Vision 2030, in which it aims to have a mining industry that generates US$12 billion a year in revenue. Zimbabwe has the world’s second largest reserves of platinum and huge supplies of chrome. Making goods locally from lithium would expand the mineral export revenue in addition to platinum and chrome.

However, becoming a middle-income nation is currently hampered by mining revenue leaking away – through losses from smuggling, tax evasion and others.

Also, environmental justice groups estimate that about 3,000 tonnes of raw lithium leaves the country daily. Between now and the time the 2027 ban on exporting lithium concentrate comes into effect, about 1.6 million additional tonnes of raw lithium could have been extracted and sent overseas. This means the government should not wait for 2027, but should implement the ban on lithium concentrate exports now.

The ban also doesn’t seem to be aimed at uplifting the livelihoods of communities who live near lithium mines. I describe these communities as living in sacrifice zones: they bear the brunt of lithium mining pollution and land grabs for mines. These vulnerable groups include women, children and artisanal lithium miners who have been disempowered by the just transition.

To use its lithium reserves to uplift the country, the government of Zimbabwe needs to establish local plans that place community development and improved livelihood of mining communities at the centre of mining. This could be done through pro-poor development policies that will create employment opportunities for local people in lithium mining frontiers. It could also include compelling mines to purchase locally made goods and fresh produce. Bringing artisanal miners into local value chains in gold, diamond and chrome mining would also help these informal miners become part of the formal mining economy.

The politics of lithium mining in Zimbabwe

Zimbabwe is one of the 10 biggest global lithium exporters (Chile, Argentina and Australia are others). In the first nine months of 2023 alone, it is estimated that about US$209 million worth of Zimbabwean lithium was sold.

The potential of lithium to stimulate economic development and attract international investments is unquestionable. The problem, however, over the last few years seems to be that the market isn’t regulated enough. Lithium mining has not created many jobs, and for the few that are employed, there’ve been gross human rights abuses, wage cuts, and a lack of investment in road infrastructure.

The politics of lithium mining are also shaped by networks of political elites. They are known as the lithium barons: people who engage in corrupt deals and smuggling.

Another problem has been the misplaced focus on artisanal miners. For example, the 2022 lithium ban mainly targeted artisanal lithium miners who were on the margins of the industry. It did not affect large-scale mining companies to the same extent. When the lithium ban was introduced, the market for processed lithium expanded and the demand for unprocessed lithium drastically shrank. This left artisanal miners with raw lithium and a shrinking market price.

What needs to happen next

Between now and 2027, lithium mining companies in Zimbabwe will try to extract as much lithium as possible before the ban comes into effect. This could deplete the lithium reserves in the country. Mining investors might look elsewhere.

The Zimbabwean government should take these steps to solve the problem:

1) The Zimbabwe government must ensure total monopoly of its lithium reserves. The over-reliance on Chinese investments in the lithium industry has set a bad precedent for what might happen with other minerals in future. It will take time for the government to undo this and set up its own monopoly. This resource sovereignty will be vital.

2) The government must consider how to govern minerals in a people-centred way. So far, lithium has not benefited ordinary Zimbabweans.

3) The resource communities where extraction deals are taking place must be consulted and brought into the conversation about how Zimbabwe can benefit from its lithium reserves. Communities in Zimbabwe like Buhera, Bikita, Mberengwa and Goromonzi have endured years of lithium mining pollution.

This includes their freshwater sources being contaminated by mines, toxic dust from blasting, mineworkers being exposed to hazardous and unsafe working conditions, displacement, and above all gross human rights abuses from multinational lithium mining companies.

4) The ban on the exports of lithium concentrates is crucial for stimulating local beneficiation and value addition. The government should implement this ban immediately rather than waiting for the 2027 timeline.The Conversation

About the Author:

Jabulani Shaba, Postdoctoral researcher, University of Groningen

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Taiwan Looks to Drones to Fight China

Source: Streetwise Reports (7/22/25)

Like with this island in East Asia, militaries around the world are increasingly using drones, a staple in their arsenal, in conflict or training. This trend could benefit companies in the sector, including New Horizon Aircraft Ltd. (HOVR:NASDAQ), AIRO Group Holdings Inc. (AIRO:NASDAQ), AML3D Ltd. (AL3:ASX), and Firestorm Labs Inc.

The constant threat that China will invade Taiwan at any moment has the island continuing to prepare for war against the powerful country.

“Beijing’s Chinese Communist Party government claims Taiwan as its territory, though it has never ruled the island, and China’s rapid military buildup and coercive actions in the Taiwan Strait have led its neighbor to boost defense spending and order a series of high-profile weapons systems from the U.S.,” wrote Newsweek on July 15.

Last month Taiwan tested a first person-view kamikaze sea drone called Overkill, according to Firstpost. The government aims to build up to 25,000 of these units, equipped with artificial intelligence-enabled targeting and a precision camera.

Also, Taiwan just completed the largest version ever of its annual Han Kuan military exercise, reported Business Insider on July 14. The dual focus was on countering a Chinese invasion and, for the possibility such an event is successful, carrying out contingency plans.

“This comes as Taipei’s current government, known for resisting Beijing, grows increasingly concerned about emerging hostilities with mainland China,” the article explained. “Chinese leader Xi Jinping has pledged to reunify the island under Beijing’s control, and said his country would never renounce its right to use force to reach that goal.”

Other countries in the Asia-Pacific are preparing for an eventual China-Taiwan conflict, too. The Philippines, for example, is advancing a US$35 billion military modernization program, noted Newsweek. One of its several goals is to integrate into ground operations command and control systems, drones, and intelligence, surveillance, reconnaissance (ISR) tools, noted Inquirer.net.

As with the China-Taiwan tensions and other recent geopolitical conflicts around the globe, drones are increasingly taking center stage. For example, in the ongoing Myanmar conflict, both sides are now using drones, and so much so, the country ranks third, after Ukraine and Russia, for the number of drone events, according to Armed Conflict Location & Event Data in a July 1 article.

“This isn’t a tactical shift — but rather the start of a military revolution, tearing apart the old rules of war,” wrote Antonio Salinas and Jason P. LeVay, U.S. military analysts, in a May article. “What was once ‘no man’s land’ between trenches is now a drone kill zone, patrolled by flying munitions that loiter, observe, and strike with terrifying accuracy.”

All armed forces must adapt to this new reality, the authors asserted, or suffer total defeat in war.

Companies that could stand to benefit from drones dominating the battlefield, as well as increasing conflicts around the globe, include:

New Horizon Aircraft

Based in Ontario, Canada, New Horizon Aircraft Ltd. (HOVR:NASDAQ) is an advanced aerospace engineering company doing business as Horizon Aircraft and developing hybrid electric vertical takeoff and landing, or eVTOL, aircraft, according to its website.

Its prototype, the Cavorite X7, can take off vertically, but once in flight, its wing system reverts to that of a conventional airplane, providing the same speed, range, and operational utility. This hybrid eVTOL prototype is designed to fly in bad weather, including icy conditions, and it emits 30% less hydrocarbons than a traditional plane. Currently, the prototype is in a flight-testing phase. After completing this, Horizon intends to obtain certification of the Cavorite X7 and then scale production to meet demand from customers, including the military.

Recently, Horizon and ZeroAvia, a global hydrogen-electric powertrain company, announced their plan to collaboratively develop regional hydrogen-electric VTOL air travel, noted a news release.

Richard Ryan, analyst at Oak Ridge Financial Research, noted in his June 16 research report that in mid-May, Horizon achieved a full wing transition flight of Cavorite X7. A U.S. Executive Order signed subsequently intends to accelerate the safe commercialization of drone and other emerging technologies, such as eVTOL aircraft.

In light of these internal and external developments, Oak Ridge increased its target price on New Horizon by 45%. The new target implies a 44% return from HOVR’s share price at the close on July 18. Oak Ridge rates the company Buy.

D. Boral Capital Analyst Jesse Sobelson has a Buy rating on New Horizon and a target price suggesting 16.3% uplift, as noted in his June 9 research report. The consensus target price, according to Refinitiv, reflects 11.6% upside.

Refinitiv also reports that 14 strategic entities own 46.59% of New Horizon. The Top 3 are Canso Group with 16.23%, Robinson Family Ventures Inc. with 7.63% and William Brumder with 7.29%. Six institutional investors hold 0.34%. The rest is in retail.

New Horizon has 31.39 million (31.39M) outstanding shares and 16.76M free float traded shares. Its market cap is US$53.98 million (US$53.98M). Its 52-week range is US$0.24–2.52 per share.

AIRO Group 

AIRO Group Holdings Inc. (AIRO:NASDAQ) is an aerospace and defense company headquartered in Albuquerque, N.M., whose four divisions are drones, avionics, electric air mobility and training, notes the website. The drones segment develops, manufactures and sells drones. Military drones are sold through the Sky-Watch brand.

In recent news, AIRO concluded a highly specialized 90-day training support mission for Naval Special Warfare, “building on strong revenue growth in 2024 and H1/25 in its military training division,” as announced in a news release. The company provides elite training solutions to the U.S. Navy and U.S. Marine Corps’ Joint Terminal Attack Controller program.

According to Refinitiv, the consensus target price on AIRO suggests 8% return from the company’s share price at the end of trading on July 18. TipRanks reports that three analysts cover AIRO, and all of them rate it Buy.

As for ownership, Refinitiv reports that nine strategic investors own 64.71% of AIRO. The Top 3 are AIRO Executive Chairman Dr. Chirinjeev Kathuria with 19.46%, New Generation Aerospace LLC with 15.37% and Carter Aviation Technologies LLC with 11.1%. The rest is in retail.

AIRO has 26.17M outstanding shares and 9.24M free float traded shares. Its market cap is US$688.13M. its 52-week range is US$12.90–38.07 per share.

AML3D Ltd. 

AML3D Ltd. (AL3:ASX; AMLDF:OTCPK), based in Australia, specializes in large-scale metal three-dimensional (3D) printing using its patented wire additive manufacturing process that combines welding science, robotics automation, materials engineering, and proprietary software, the company’s website explains. The company manufactures and sells industrial metal 3D printers under the ARCEMY brand as well as large, high-performance metal components and structures, to defense, aerospace, maritime, manufacturing, mining, and oil and gas customers.

Earlier this month, AML3D received a letter of intent (LOI) from the U.S. Navy to collaborate on several key additive manufacturing initiatives. “The LOI focuses on AML3D’s ability to support materials characterization, parts manufacturing and supply of large scale ARCEMY metal 3D printing systems,” the news release noted.

Daniel Laing, Bell Potter analyst, and Abraham Akra, Shaw and Partners analyst, both cover AML3D. In a July 20 flash note, Bell Potter analyst Daniel Laing gave the company a Buy rating an US$0.35 valuation.

According to Refinitiv, 17 strategic entities own 16.58% of AML3D. The insider with the largest share is Andrew Sales, AML3D’s executive director and chief technology officer, with 4.84%.

Two institutions hold 10.76%. They are Netwealth Investments Ltd. with 5.78% and Regal Funds Management Pty. Ltd. with 4.97%. The rest is in retail.

AML3D has 542.14M outstanding shares and 451.77M free float traded shares. Its market cap is AU$112.54M. Its 52-week range is AU$0.105–0.325 per share.

Firestorm Labs Inc.

Firestorm Labs, a private company headquartered in San Diego, Calif., develops modular, open-architecture drones for rapid deployment in combat and expeditionary environments, according to its website. Its products integrate ISR, electronic warfare/signals intelligence and kinetic payload capabilities. Firestorm’s drones are mission adaptable and can be built any time, anywhere.

“Our unique ability to 3D print modular airframes on site dramatically reduces production timelines, costs and logistical constraints, giving the U.S. and allied forces the adaptive technology they urgently need in complex and contested operational environments,” Dan Magy, Firestorm chief executive officer, said in a July 16 news release.

This release announced that Firestorm secured US$47M in Series A funding. Lockheed Martin Ventures, Decisive Point, Washington Harbour Partners, Booz Allen Ventures, and other defense-focused investors participated in the round led by New Enterprise Associates.

Firestorm will use the capital to advance its additive-manufacturing platform, accelerate in-theater drone production, and scale xCell. xCell produces UAS systems and any 3d printed assets as required, but it’s primary purpose is not to house the above. It serves as a modular micro factory.

 

Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Firestorm.
  2. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
  3.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Mining Stock ETFs & Miners

Source: Stewart Thomson (7/23/25)

Newsletter writer Stewart Thomson addresses the question: Should investors own mining stock ETFs and some exciting individual miners?

As governments around the world race to implement fresh stagflationary tariff taxes, more spending, and debt, central banks and sovereign wealth funds are moving away from fiat currencies and government bonds.

They are moving into gold.

Here’s a look at the daily chart:

A symmetrical triangle pattern breakout appears imminent, and the target of this pattern is about $3800.

Silver tends to lag gold when deflation is in play and lead it when the big theme is inflation. In recent months, silver has taken the lead baton from gold, and I’ve suggested it could continue to lead until the year 2026 or even 2027.

Here’s a look at the chart:

Silver is making a beeline to the $44 zone, and even some mainstream money managers are taking notice.

In this environment, gold and silver stocks have begun to surge, but they are still so undervalued that senior miners could rise hundreds of percent before they hit “fair value.”

Junior miners could rise thousands of percent, and in some cases tens of thousands of percent. The current state of undervaluation of miners versus metal is truly surreal.

Here’s a look at the weekly GDXJ ETF chart:

There are numerous bull flags on the chart, and a fresh upside breakout is occurring from one of those flags now.

Silver stocks? They look even better!

Here’s a look at the SILJ chart:

Note the gargantuan volume that has accompanied the inverse H&S pattern breakout. It’s almost surreal!

I’ve talked about a “seasonal inversion,” where instead of swooning from July to October, the miners stage a mighty surge higher.

Well, that surge appears to be getting underway now, and the biggest price action of all appears to be occurring in junior miners that are in the CDNX

Here’s a look at the weekly CDNX chart:

A short-term pullback would be a “gift” for investors, but it may not occur.

Charts that are as bullish as this one tend to feature only very short pullbacks that don’t last long.

There are several individual miners that look very good this week. One of them is Big Ridge Gold Corp. (BRAU:TSXV; ALVLF:OTCQB).

They are reinvigorating a past producing property in Newfoundland.

What’s interesting is that gold was stuck in a rough $300-$500 range during the previous operation.

So, a lot of additional gold could be there . . .  gold that wasn’t worth mining at the time.

Here’s the Big Ridge chart:

I have a $2 target price for this stock, and if it’s hit, the CDNX may only be in the 1000 area at that point, which is the neckline zone of its massive H&S base pattern.

The bottom junior mining stocks line: What looks like a high price or “overbought” situation needs to be taken in the context of a very large 40-year inflation cycle that is only in year 5 of the cycle. Arguably, the junior miners offer the greatest value in the modern history of markets, and the word that best sums it all up could be: Enjoy!

Special Offer for Streetwise Readers: Please send me an Email to [email protected] and I’ll send you my free “Copper, Gold, & Rare Earths Too!” report. I highlight key junior resource stocks that are trading under $1/share and ready to soar! Key buy and sell tactics are included in this report. I write my junior resource stocks newsletter 2-3 times a week, and at just $199/12mths it’s an investor favorite. I’m doing a special pricing this week of $169 for 14mths.  Click this link or send me an email if you want the offer and I’ll get you onboard. Thank-you.

 

Important Disclosures:

  1. Stewart Thomson: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
  2. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  3.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

Stewart Thomson Disclosures

Stewart Thomson is no longer an investment advisor. The information provided by Stewart and Graceland Updates is for general information purposes only. Before taking any action on any investment, it is imperative that you consult with multiple properly licensed, experienced and qualified investment advisors and get numerous opinions before taking any action. Your minimum risk on any investment in the world is: 100% loss of all your money. You may be taking or preparing to take leveraged positions in investments and not know it, exposing yourself to unlimited risks. This is highly concerning if you are an investor in any derivatives products. There is an approx $700 trillion OTC Derivatives Iceberg with a tiny portion written off officially. The bottom line:

Are You Prepared?

Oil prices have been declining for four consecutive days. Natural gas prices have fallen to a two-month low

By JustMarkets 

On Wednesday, the US stocks closed with solid gains: the Dow Jones (US30) rose by 1.14%, the S&P 500 (US500) increased by 0.78%, and the tech-heavy Nasdaq (US100) closed up 0.61%. The US equities extended their gains on Wednesday following reports that the US would agree to a trade deal with the EU, building on previous momentum from a deal with Japan. Reports indicate that the US is close to reaching an agreement to lower tariffs on EU goods from 30% to 15%, aligning with the measures taken with Japan and reinforcing expectations that aggressive tariffs will be scaled back by August. Optimistic corporate earnings also supported the indices.

European stock markets traded higher yesterday. Germany’s DAX (DE40) rose by 0.83%, France’s CAC 40 (FR40) ended up 1.37%, Spain’s IBEX35 (ES35) gained 0.19%, and the UK’s FTSE 100 (UK100) closed 0.42% higher. European stocks ended Wednesday with a strong rebound, breaking a three-day losing streak, amid expectations that the US might agree to lower tariff rates after reaching a new trade deal with Japan. Progress on automotive tariffs, which heavily impact car manufacturers, drove gains in the shares of BMW, Stellantis, Mercedes-Benz, and Volkswagen, rising between 4% and 9%. Additionally, UniCredit jumped 3.5% after releasing its earnings, although the bank confirmed it had abandoned its planned acquisition of Banco BPM due to opposition from Rome.

WTI crude oil prices fell to $65 per barrel on Wednesday, marking a fourth straight day of declines, as investors focused on US trade negotiations. Treasury Secretary Scott Bessent said he would meet with Chinese officials in Stockholm next week to discuss an extension of the trade truce, possibly including Chinese purchases of Russian and Iranian oil under sanctions. Meanwhile, US government data showed crude inventories fell by 3.17 million barrels last week, exceeding expectations. Despite the sharper-than-expected inventory drop, oil prices remain under pressure due to concerns that ongoing tariff tensions could weaken global demand, even as OPEC+ increases production.

The US natural gas prices fell by more than 5% to below $3.10 per MMBtu, the lowest level since April 22, pressured by near-record production levels and expectations for milder weather than previously expected. Despite summer heat, analysts expect record output to continue supporting robust storage replenishment. Current inventories are already 6% above seasonal norms.

Asian markets mostly rose yesterday. Japan’s Nikkei 225 (JP225) jumped by 3.51%, China’s FTSE China A50 (CHA50) increased by 0.30%, Hong Kong’s Hang Seng (HK50) gained 1.62%, and Australia’s ASX 200 (AU200) posted a 0.69% rise.

On Tuesday, the Hang Seng Index closed at 25,538, marking its fourth consecutive gain and reaching its highest level in nearly four years. The rally was driven by broad sectoral gains and optimism ahead of a scheduled US-China meeting in Stockholm next week, the third round of talks aimed at extending the tariff truce. Bullish sentiment was further fueled by reports that daily trading volume on Chinese stock markets surged to a nearly five-month high, while margin financing reached its highest level in nearly four months. Meanwhile, Beijing recently approved the construction of a massive hydroelectric power plant in Tibet.

Stocks in Singapore rose to 4,252 in early Thursday trading, posting their 14th consecutive session of gains, following Wall Street’s rally on Wednesday after the US reached trade deals with the EU. Data released Wednesday showed that overall inflation in June remained at its lowest level since February 2021, with core inflation steady at 0.6%, below expectations and within the Monetary Authority of Singapore’s annual target range of 0.5% to 1.5%. These solid figures followed last week’s data showing stronger-than-expected Q2 GDP growth and the fastest export growth in 11 months.

S&P 500 (US500) 6,358.91 +49.29 (+0.78%)

Dow Jones (US30) 45,010.29 +507.85 (+1.14%)

DAX (DE40) 24,240.82 +198.92 (+0.83%)

FTSE 100 (UK100) 9,061.49 +37.68 (+0.42%)

USD Index 97.21 −0.18 (−0.18%)

News feed for: 2025.07.24

  • Australia Manufacturing PMI (m/m) at 02:00 (GMT+3);
  • Australia Services PMI (m/m) at 02:00 (GMT+3);
  • Japan Manufacturing PMI (m/m) at 03:30 (GMT+3);
  • Japan Services PMI (m/m) at 03:30 (GMT+3);
  • Germany GfK Consumer Confidence (m/m) at 09:00 (GMT+3);
  • Germany Manufacturing PMI (m/m) at 10:30 (GMT+3);
  • Germany Services PMI (m/m) at 10:30 (GMT+3);
  • Eurozone Manufacturing PMI (m/m) at 11:00 (GMT+3);
  • Eurozone Services PMI (m/m) at 11:00 (GMT+3);
  • UK Manufacturing PMI (m/m) at 11:30 (GMT+3);
  • UK Services PMI (m/m) at 11:30 (GMT+3);
  • Eurozone ECB Interest Rate Decision at 15:15 (GMT+3);
  • Eurozone ECB Monetary Policy Statement at 15:15 (GMT+3);
  • Canada Retail Sales (m/m) at 15:30 (GMT+3);
  • US Initial Jobless Claims (w/w) at 15:30 (GMT+3);
  • Eurozone ECB Press Conference at 15:45 (GMT+3);
  • US Manufacturing PMI (m/m) at 16:45 (GMT+3);
  • US Services PMI (m/m) at 16:45 (GMT+3);
  • US New Home Sales (m/m) at 17:00 (GMT+3);
  • US Natural Gas Storage (w/w) at 17:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

Pound Strengthens: Trade Tariffs and Economic Data Boost GBP/USD

By RoboForex Analytical Department

The GBP/USD pair climbed to a two-week high on Thursday, holding near 1.3578, bolstered by improved global risk sentiment following the US-Japan trade agreement.

The deal, which replaces previously proposed 25% tariffs with a 15% levy, also includes the creation of a $550 billion investment fund to support the US economy. President Donald Trump hailed the agreement as mutually beneficial, further lifting market confidence.

Investors are now turning their attention to key UK economic indicators. PMI forecasts suggest the smallest contraction in manufacturing activity in six months, accompanied by the sharpest rise in services sector growth in nearly a year. Retail sales are also expected to rebound, aided by recent warm weather.

However, concerns linger after the UK reported a June budget deficit of £20.7 billion – the second-highest June figure since 1993. Rising inflation-linked bond repayments pushed debt servicing costs to £16.4 billion, adding pressure on public finances.

Amid these developments, speculation is mounting that Chancellor Rachel Reeves could announce tax increases as early as the autumn to address fiscal challenges.

Technical Analysis: GBP/USD

H4 Chart:

On the H4 chart, GBP/USD completed an upward wave to 1.3535, forming a consolidation range around this level. A breakout above this range could extend gains towards 1.3593. However, a subsequent correction downwards to 1.3530 remains possible. This scenario is supported by the MACD indicator, where the signal line sits above zero and is pointing firmly upward.

H1 Chart:

The H1 chart shows the pair finding support at 1.3462, with the current growth wave reaching its initial target of 1.3585. A short-term pullback to 1.3530 may occur before another upward move towards 1.3593. The Stochastic oscillator aligns with this outlook, as its signal line hovers below 5 and is trending downward towards 20.

Conclusion

The GBP/USD rally reflects an improvement in risk sentiment and anticipation of stronger UK economic data. However, fiscal concerns and technical indicators suggest potential volatility ahead. Traders should monitor PMI releases and fiscal policy announcements for further direction.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

European indices under pressure amid tariff concerns. Japan and the Philippines signed a tariff deal with the US

By JustMarkets 

On Tuesday, the US stocks closed mixed: the Dow Jones (US30) rose by 0.40%, the S&P 500 (US500) gained 0.06%, while the tech-heavy Nasdaq (US100) closed lower by 0.39%. Semiconductor stocks weighed on the Nasdaq, with Nvidia down 2.4% and Broadcom falling 3.3% after reports that a major AI initiative involving SoftBank and OpenAI had stalled. Lockheed Martin (-10.8%) and Philip Morris (-8.2%) saw sharp declines following disappointing results. General Motors (-8%) also warned of a deeper profit decline due to tariffs, following a 32% drop in Q2, which amplified investor concerns about the impact of trade policy.

On the trade front, President Trump announced a deal with the Philippines, involving a 19% tariff rate, though confirmation from Manila is still pending. Meanwhile, Treasury Secretary Scott Bessent stated that the US will likely extend tariffs on China and plans to meet with Chinese officials next week in Stockholm.

The Mexican peso stabilized at 18.68 per US dollar, close to its yearly high of 18.60 reached on July 10, supported by a weaker dollar globally, continued duty-free access under USMCA, and attractive domestic interest rate differentials. Mexico has so far avoided retaliatory tariffs due to President Trump’s temporary suspension of new duties, which has boosted export competitiveness and eased current account pressures.

European stock markets traded mixed yesterday. Germany’s DAX (DE40) fell by 1.09%, France’s CAC 40 (FR40) closed 0.69% lower, Spain’s IBEX35 (ES35) gained 0.07%, and the UK’s FTSE 100 (UK100) also ended 0.07% higher. European stocks closed lower for the third straight day amid ongoing concerns about potential US tariffs. Treasury Secretary Bessent noted that White House officials prioritize favorable trade deals rather than rushing to meet the August 1 deadline, potentially paving the way for 30% tariffs on EU goods before negotiations conclude.

WTI crude oil prices rose to $66 per barrel on Wednesday after three days of declines, supported by progress in US trade talks that improved sentiment on demand prospects. Another bullish signal came from the US Energy Secretary, who stated that the government may consider sanctions on Russian oil to help end the war in Ukraine. Further support came from US crude inventories, which fell by 0.6 million barrels last week, ending a three-week streak of increases and indicating stronger demand. However, distillate inventories increased. Traders now await the release of official inventory data due later today.

Asian markets mostly rose yesterday. Japan’s Nikkei 225 (JP225) edged down 0.11%, while China’s FTSE China A50 (CHA50) rose by 0.74%, Hong Kong’s Hang Seng (HK50) climbed 0.54%, and Australia’s ASX 200 (AU200) gained 0.10%.

The Australian dollar rose to 0.656 USD on Wednesday, marking its fourth consecutive session of gains, supported by improving global trade sentiment. Domestically, recent data showed the Westpac Leading Index slowed to 0.03% in June, reflecting weaker momentum due to falling commodity prices and reduced work hours. Markets also digested the cautious tone of the Reserve Bank, as meeting minutes showed policymakers favor gradual policy easing and prefer to wait for clearer signs of inflation cooling. Attention now turns to PMI data due later today for insights into July’s business conditions.

On Wednesday, the offshore yuan rose to 7.16 per dollar, its highest level in more than two weeks, as investors closely monitored developments in US-China trade relations. On Tuesday, Treasury Secretary Scott Bessent announced that American and Chinese officials will meet next week in Stockholm for a third round of high-level talks. The ongoing negotiations aim to reach a temporary trade truce to ease tensions in the escalating tariff dispute, which has already led both countries to impose triple-digit tariffs, raising fears of a major disruption in bilateral trade.

President Donald Trump also announced the signing of a trade agreement with Japan, which includes a 15% tariff on Japanese exports to the US. He also stated that Japan will invest $550 billion in the US and open its markets to key American products.

S&P 500 (US500) 6,309.62 +4.02 (+0.06%)

Dow Jones (US30) 44,502.44 +179.37 (+0.40%)

DAX (DE40) 24,041.90 −265.90 (−1.09%)

FTSE 100 (UK100) 9,023.81 +10.82 (+0.12%)

USD Index 97.37 −0.48 (−0.49%)

News feed for: 2025.07.23

  • Singapore Inflation Rate (m/m) at 08:00 (GMT+3);
  • US Existing Home Sales (m/m) at 17:00 (GMT+3);
  • US Crude Oil Reserves (w/w) at 17:30 (GMT+3).

By JustMarkets

 

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

USD/JPY Falls as Japan and US Reach Trade Agreement

By RoboForex Analytical Department

The USD/JPY pair dropped to 146.91 on Wednesday, marking a one-week low, following news that the US and Japan have finalised a trade deal.

US President Donald Trump announced that the agreement will impose a 15% tariff on Japanese exports to the US. Additionally, Japan has committed to investing $550 billion into the US economy while granting American goods greater access to key sectors of its domestic market.

Japanese Prime Minister Shigeru Ishiba confirmed his awareness of the negotiations but refrained from disclosing specifics, stressing his commitment to protecting “national interests.” Japanese media reports suggest Ishiba may consider resigning depending on the outcome of the tariff discussions.

Political uncertainty in Japan has intensified after the ruling coalition lost its majority in the upper house of parliament last weekend. This comes amid mounting pressure from US trade policy, further destabilising the yen’s position.

The combination of domestic political instability and external economic pressures has disrupted the yen’s typical role as a safe-haven asset, leaving the currency vulnerable to further fluctuations.

Technical Analysis: USD/JPY

H4 Chart:

On the H4 chart, USD/JPY continues to consolidate around 147.07, with the range now extending downward to 146.20. The pair has retested 147.07 from above today, and we anticipate another potential decline toward 145.05, with a further downside target at 144.60. This bearish scenario is supported by the MACD indicator, where the signal line remains below zero and points firmly downward.

H1 Chart:

On the H1 chart, USD/JPY is forming a consolidation range near 147.07. We expect a possible upward extension to 147.37 before another drop toward 146.30. A downward breakout from this range could open the path for a deeper decline to 145.05. This outlook is reinforced by the Stochastic oscillator, with its signal line below 80 and trending downward.

Conclusion

The USD/JPY pair remains under pressure amid trade-related developments and political uncertainty in Japan. Traders should monitor key support levels (145.05, 144.60) for potential bearish continuation, while any recovery above 147.37 could signal a short-term rebound.

 

Disclaimer

Any forecasts contained herein are based on the author’s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

FXTM’s JP225 soars on US-Japan trade deal

By ForexTime 

  • FXTM’s JP225 ↑ over 4% on trade deal, hits 12 month high
  • US to impose 15% tariffs on Japanese imports, lower than threatened 25%
  • Yen gains capped by political risk, despite trade ‘massive’ deal.
  • Japan PM Ishiba denies reports of stepping down
  • New FXTM JPC crosses tumble as JP225 surges

Japanese shares surged on Wednesday after President Donald Trump announced a ‘massive’ trade deal with Japan after eight rounds of negotiations!

FXTM’s JP225 which tracks the underlying Nikkei 225 index jumped more than 4% – hitting its highest level since July 2024. 

Imagen
jp225 - 33

More gains could be on the cards given how this removes uncertainty around trade and boosts sentiment toward the Japanese economy.

 

What are the details on the ‘massive’ deal?

  • US to impose 15% tariffs on all Japanese imports, including automobiles – lower than threatened 25% rate set to take effect August 1st.
  • Japan to also create US$550 billion fund for US-bound investments.
  • Japan to buy 100 Boeing aircrafts, increase rice purchases by 75%, buy US$8 billion of agricultural products.
  • Japan to spend US$17 billion per year on American defense firms – up from $ 8 billion annually.
  • Japan to be guaranteed lowest US tariffs on semiconductors and pharmaceuticals.

 

How did the Japanese Yen react?

The USDJPY dipped to its lowest level since July 11th on the positive trade news, as it raised the odds of a potential BoJ hike in 2025. 

Imagen
USDJPY 56

However, gains were surrendered following reports that Japanese Prime Minister Shigeru Ishiba intended to step down next month. Ishiba later denied these reports, which offered some support to the Yen.

Traders are currently pricing an 80% probability of a BoJ rate hike by the end of 2025. 

Watch out for political risk…

Last Sunday, Japan’s ruling coalition failed to gain a majority in the upper house elections as widely expected. It is worth noting that nine months ago, the coalition lost a majority in the more powerful lower chamber of parliament.

This will be the first time that the governing LDP has lost a majority in both chambers since its inception in 1955. 

Such a development may pressure Prime Minister Shigeru Ishiba to step down, resulting in fresh political uncertainty.

 

By the way… FXTM has launched 4 new JPC crosses!

And they are buzzing with activity following Trump’s ‘massive’ trade deal. 

The rally on the JP225 (Nikkei 225) has dragged these JPC crosses lower today: 

  • CHCJPC (CN50 vs JP225): ↓3.8%
  • DJCJPC (US30 vs JP225): ↓4.2%
  • NACJPC (NAS100 vs JP225): ↓3.7%
  • SPCJPC (US500 vs JP225): ↓3.7%

JPC crosses could experience steeper declines if the JP225 continues to surge on trade optimism. 

However, political risk down the road may limit the downside and spark a potential rebound.


Forex-Time-LogoArticle by ForexTime

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