This article has been translated from English to Gen Z Slang.
Yo, fam, did you catch the vibes? THEY’RE ENGAGED! 💍💥
Yup, your fave social media prof President Trump and econ policy guru Lisa Cook just dropped a political sitcom that blew up the markets on Tuesday. 🚀
Here's the tea on how major asset squads were vibing in the latest trading sessions! 📈
Receipts:
- Japan services producer prices index growth rate for July: 0.3% m/m vs. -0.2% m/m previous 🚩
- Australia RBA meeting minutes spilled the tea on a data-driven rate cut, citing inflation is on point and the job scene is chillin'. More rate tea might follow 'cause global and local drama is real. 😅
- US President Trump booted FOMC member Lisa Cook 🌪️
- FOMC squad member Lisa Cook throwing legal shade at Trump’s move 👀
- France consumer confidence for August: 87.0 (88.0 forecast; 89.0 previous) 🇫🇷
- BOE squad member Mann said holding rates is "vibes rn" since inflation's on one, but might hit some rate lingo if economy gets sketchy 📉
- Canada manufacturing sales prel for July: 1.8% m/m (0.1% m/m forecast; 0.3% m/m previous) 🍁
- US President Trump threatens tariff vibes on countries playing with digital taxes 💸
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U.S. durable goods spill for July: -2.8% m/m (-2.5% m/m forecast; -9.3% m/m previous)
- Core durable goods orders slid in at 1.1% m/m (-0.4% m/m forecast; 0.2% m/m previous)
- U.S. FOMC squad member Barkin peeped little motion in the econ flow for the rest of the year; maybe slight rate tweaks ahead 🔍
- U.S. house price index for June: -0.2% m/m (-0.1% m/m forecast; -0.2% m/m previous); 2.6% y/y (2.8% y/y previous) 🏠
- U.S. S&P/Case-Shiller home price for June: 2.1% y/y (2.7% y/y forecast; 2.8% y/y previous); 0.0% m/m (0.2% m/m forecast; 0.4% m/m previous)
- U.S. CB consumer confidence for August: 97.4 (96.0 forecast; 97.2 previous)
- U.S. Richmond Fed manufacturing index for August: -7.0 (-19.0 forecast; -20.0 previous) 🏭
- U.S. Dallas Fed services index for August: 6.8 (1.0 forecast; 2.0 previous)
The Big Picture: Market Feels:
Dollar Index, Gold, S&P 500, Oil, U.S. 10-yr Yield, Bitcoin Overlay Chart by TradingView
European stocks took a cringe-worthy fall, with the Stoxx 600 dipping 0.83% and France’s CAC 40 tanking 1.7% with all that prime minister drama. The meltdown went deeper with Trump’s tariff threats on digital taxes and China's rare earth bling. 🌐💼
Stateside, U.S. markets shook off the noise. The S&P 500 bumped up 0.41% as traders flipped the Fed drama into chill policy stories. Safe-haven vibes went strong, gold climbing to $3,393 with fed independence spooks and a soft dollar. Oil? Not so lucky, with WTI slipping 2.4% to $63.30 from trade war jitters.
Bonds told their own story 📈, the 10-year yield dropping 1.7 basis points to 4.26%, with the curve stretching to 122 basis points, widest since Jan 2022. Meanwhile, Bitcoin hung just under $112,000 but couldn't spark a move as folks stuck to safe zones.
FX World: Dollar vs. The Squad:
Overlay of USD vs. Majors Chart by TradingView
The dollar stumbled into Tuesday with mad weak vibes, diving after Trump's dramatic tweet about firing Fed Gov. Cook over alleged mortgage tea. 💣💸 The Greenback dropped like it's hot against safe-haven currencies as gold popped off, reflecting real-time freakouts about Fed independence and the whack possibility of politicized money moves messing with trust. 🏦🔗
Asian market peeps saw some comeback vibes after Cook clapped back, saying Trump couldn’t dump her like that and she'd fight it in court. The fix was short-lived as Euro soils opened up with new dollar dips. Rising tariff smoke against digital tax fam and China over earth minerals swirled more concern about unpredictable U.S. policy and global trade shake-ups. 🔥
The Greenback tried to quiet down during U.S. hours following not-so-bad durable goods orders, falling only 2.8% versus 4.0% expected, also getting a lil bump from boosted consumer confidence at 97.4.
Yet, the dollar ended with weaker vibes against key players. Safe-haven squads stayed sturdy through the session, with yen and Swiss franc running the defense game as institutional worry vibes and unprecedented Trump moves set in. 🗂️👀
Next Level Economic Drama:
- Germany GfK consumer feels for September at 6:00 am GMT
- Swiss economic vibes index for August at 8:00 am GMT
- U.K. CBI distributive trades for August at 10:00 am GMT
- U.S. MBA mortgage feels for August 22, 2025, at 11:00 am GMT
- U.S. EIA crude oil vibes change for August 22, 2025, at 2:30 pm GMT
- U.S. Fed Barkin chatter at 4:45 pm GMT
London scene should stay laid back with mid-tier Euro data only today, so traders are on edge watching Nvidia’s numbers and the US core PCE update. 🤞
In NYC, mortgage and oil numbers plus Fed talk could shake things a bit, but overall, vibes might be chill while the Trump-Cook soap opera unfolds and everyone waits for the next big moves.
Yo, keep an eye out for any global trade action and spicy geo-political headlines that could tweak market feels. Stay agile and don’t trip on the details—peep our Forex Correlation Calculator when making moves! 🌎💸
