Turns in the Tariff Agenda
- Global markets seem to be trying to fend off the latest trade measures announced by US President Trump, including a 50% tariff on imports from Brazil, which will take effect on August 1st.
- Trump also confirmed that a 50% tariff on copper imports will be imposed from August 1st.
- In Europe, EU Trade Commissioner Sefcovic said that significant progress has been made on the trade agreement framework and that an agreement could be reached in a few days.
- In the climate created by Trump’s pro-crypto stance, digital assets have started to find stronger buyers. Also noteworthy was Ethereum activity, which outpaced Bitcoin yesterday with record trading volume on BlackRock’s spot ether ETF.
- In an environment where macro developments do not have a deep impact on asset prices, the risk-taking outlook of the markets may continue to have positive effects on crypto assets. We think that the uptrend may continue with interim corrections.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
Highlight of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| – | Flux (FLUX) Future Plans AMA | – | – |
| 12:30 | US Initial Jobless Claims | 236K | 233K |
| 13:00 | FOMC Member Musalem Speaks | – | – |
| 17:00 | US 30-Year Bond Auction | 4.844% | – |
| 17:15 | FOMC Member Waller Speaks | – | – |
| 18:30 | FOMC Member Daly Speaks | – | – |
Information:
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
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