EUR/USD
1.14394
0.065%
Gold
4167.93
1.073%
Oil
68.543
0.183%
USD/JPY
161.289
0.115%
GBP/USD
1.33513
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GBP/JPY
215.347
0.171%
Real-time News
July 3rd - Nick Timiraos, a well-known mouthpiece for the Federal Reserve, stated that Trump believes Fed Chairman Warsh is a dovish figure within the Federal Open Market Committee (FOMC). This comes a day after White House National Economic Council Director Hassett made similar remarks; and a week earlier, Treasury Secretary Bessant stated that he hoped the Fed would remain "open" to inflation and expected the Fed to ease policy this year. A new era of "forward guidance"...On July 3rd, the Hainan Provincial Housing Provident Fund Management Bureau issued a notice regarding the withdrawal of housing provident funds to pay property management fees. The notice clarifies that contributors can apply to withdraw their housing provident funds once a year to pay property management fees for any owner-occupied residential property under their familys name in Hainan Province. Owner-occupied residential properties do not include self-built houses, shops, office buildings, or commercial properties such as timeshare hotel rooms. It is worth noting that if the contributors family has an outstanding housing provident fund loan in Hainan Province, the combined balance of the contributors and their spouses accounts after applying for the property management fee withdrawal must be sufficient to repay three months of the loan.July 3 – Allianz Chief Economist Ludovic Subran stated, “The US non-farm payroll data was actually weak, but I still believe inflation will peak above 3.7%, and artificial intelligence, fiscal stimulus, and the energy sector continue to support economic growth. The Fed may have to raise rates in September. I think this is the real point of contention between the US and Europe.” Subran believes that the European Central Bank will not take further action after last months rate hike. “That was an insurance-style rate hike, but judging from the current data, it seems to be over,” he said. “The traumatic effects of the (Iranian) war will take time to manifest; the economy is still bearing the costs of the war, but the situation is much better now than it was a few weeks ago.”NATOs Deputy Supreme Allied Commander Europe: Europe has increased its investment. Europe is filling the gaps left by the US repositioning its troops.The Houthi rebels in Yemen stated that if Saudi Arabia launches further attacks, it will "face attacks targeting Saudi airports and other vital objectives."
