This article has been translated from English to Gen Z Slang.
Yo, the whole tariffs drama was like sooo last week, ‘cause peeps have been vibing on geopolitical tea instead. 🤔
Risky biz got wild on Monday tho, with crypto taking a chill pill from its epic highs and gold shining like the ultimate safe-haven legend. ✨
Catch up on all the juicy deets you probs missed in the last trading sessions! 🔗
Tea Time Headlines:
- This weekend, Russia was like, "We need those security vibes" in any Ukraine deal while Trump was vibing with the idea that Zelensky could just end the war like *that*.
- New Zealand Services NZ PSI for July 2025 came through at 48.9 (was guessed at 48.2; last was 47.3) 🧮
- New Zealand Composite NZ PCI rocked 50.5 for July 2025 (expected 49.4; last 48.3)
- Japan’s Tertiary Industry Activity Index for June 2025 posted a 0.5% (forecast was 0.3%; previous was 0.6%) 🇯🇵
- White House advisor Navarro threw shade at India’s Russian oil purchases, stirring the pot with sanctions vibes
- Swiss Industrial Production YoY for June 30, 2025 hit -0.1% (thought to be -2.3%; last was a sky-high 8.5%) 🇨🇭
- Euro area Trade Balance for June 2025 was 7.0B (people expected 14.7B; last was 16.2B) 💶
- Zelensky said there's no way they're letting Russia snatch any territories, ‘cause peace is all about flexing strength 💪
- Canada Housing Starts for July 2025 were at 294.1k (281.0k saw it coming; previous was 283.7k) 🏠
- Canada Foreign Securities Purchases for June 2025 did a 0.71B switcheroo (-2.79B last time)
- U.S. President Trump spilled the tea about working on a trilateral deal between the U.S., EU, and Russia ☕
- U.S. NAHB Housing Market Index for August 2025: 32.0 (guessed 34.0; last was 33.0)
- New Zealand PPI Output QoQ for June 30, 2025 rocked 0.6% (aimed for 0.7%; last was 2.1%); PPI Input QoQ for June 30, 2025 had a glow-up to 0.6% (forecast was 0.4%; last was 2.9%)
Market Moves & Shakers:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
Market vibes were hectic AF at the start of the week, as everyone was still buzzing about the Trump-Putin drama and peeps took profits from Friday FOMO. 🙃
WTI crude oil was initially struggling 'cause the geopolitical hype was chillin’. But things got spicy again when Navarro threw sassy reactions at India buying Russia's oil, and prices shot back up when Zelensky went "nope" on giving up any land to Russia.
Gold held onto its legend status with safe-haven love during Asian and London sessions, then dipped into the negative zone when the dollar flexed on rising Treasury yields. 🤑
Bitcoin was straight-up struggling to keep above the $118K mark, falling back to $115K but catching a bounce back to $116K by the end of play!
FX Scene: U.S. Dollar vs. The Gang:
Overlay of USD vs. Majors Chart by TradingView
Dollar pairs were lost in the sauce in the early Asian session, thanks to weekend report surprises that threw everyone off.
Aussie and KO 🥝 were feeling themselves with New Zealand's BusinessNZ services index bump up from 47.6 to 48.9, showing less struggle in July, while the yen was falling behind until Japan's tertiary industry index gave it a glow-up!
The USD started flexing in the London session as the focus shifted to talks between Ukraine, the EU, and U.S. peeps trying to broker peace. ☮️
The USD held onto its mojo as U.S. markets kicked off, then mostly did its own thing, except for the loonie, which was boosted by climbing oil prices. ⛽
Wanna-Be Lit Events on the Economic Calendar
- Euro Current Account at 8:00 am GMT ⏰
- Big news: Canada Consumer Price Inflation at 12:30 pm GMT
- U.S. Housing Starts at 12:30 pm GMT 🏚️
- U.S. Building Permits at 12:30 pm GMT 📜
- U.S. Fed icon Bowman’s Speech at 6:10 pm GMT 📢
- U.S. API Crude Oil Stock Change at 8:30 pm GMT
- Japan Machinery Orders at 11:50 pm GMT 🏭
- Japan Trade Balance at 11:50 pm GMT 📊
The main thing on today's forex calendar is Canada's July CPI report—this one's gotta-be-lit for influencing those money moves by the BOC and how the Loonie's feeling. 🇨🇦💸
And peeps better tune in for Fed-dude Bowman’s speech too, 'cause he could drop some spicy deets on what the U.S. central bank is cooking up next. 👀
As usual, don’t snooze on global trade buzz and geopolitical headlines that could shake up the mood. Stay flex and keep an eye on our Forex Correlation Calculator if you're diving into trades! 💰
