Tariff Letters
- Global markets remain cautious amid expectations that US President Trump will start sending letters to trade partners informing them of tariff rates.
- In a statement on social media, the President announced that these letters will be sent starting at noon on Monday. Donald Trump also said that 10% tariffs will be imposed on countries joining the BRICS countries.
- US Treasury Secretary Bessent, who made statements ahead of the US’s high tariffs, which were previously announced to be activated on July 9, said that the next 72 hours will be very intense and stated that an additional 3 weeks may be given to countries at the negotiating table.
- Markets are focused on potential trade deals. News about trade wars, especially in countries and regions with large economies such as China and the European Union, may cause increased volatility in the markets.
- Markets started the new week in a cautious tone due to trade conflicts. Digital assets have a similar outlook.
- On the other hand, US President Trump is expected to meet with the Israeli Prime Minister in Washington this evening. During the meeting, the proposed 60-day ceasefire plan in Gaza will be discussed.
For the rest of the day, we expect a news flow sensitive session in major digital assets. If there is no new positive information flow on trade talks, we anticipate that the cautious process may be reflected in prices and we may see a slightly pressured, flat to flat movement.
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Highlight of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| – | Axie Infinity (AXS) Atia’s Legacy Playtest | – | – |
| – | Decentraland (MANA) Gaming X Spaces | – | – |
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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