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What really changes if Trump nominates a Fed Chair sympathetic to his agenda?
What really changes if Trump nominates a Fed Chair sympathetic to his agenda?
The current narrative might be skewed more by emotions rather than objective thinking
market overview
European indices open higher as risk sentiment remains positive
European indices open higher as risk sentiment remains positive
End of the Israel-Iran conflict, more dovish Fed expectations and higher defence spending keep the market supported
What are the main events for today?
What are the main events for today?
The US Jobless Claims figures are the main highlight
market overview
Eurostoxx futures +0.2% in early European trading
Eurostoxx futures +0.2% in early European trading
Light changes slated for the open later
ForexLive European FX news wrap: Yen lower as markets stay more muted today
ForexLive European FX news wrap: Yen lower as markets stay more muted today
Forex news from the European morning session on Jun 25, 2025
Session wrap
Wrap Europe
US MBA mortgage applications w.e. 20 June +1.1% vs -2.6% prior
US MBA mortgage applications w.e. 20 June +1.1% vs -2.6% prior
Latest data from the Mortgage Bankers Association for the week ending 20 June 2025
Bitcoin is forming a big bullish flag targeting $125,000
Bitcoin is forming a big bullish flag targeting $125,000
As the risk sentiment improved following the end of the Israel-Iran conflict and some dovish Fed comments, Bitcoin has been finding some steady bids. What's next?
USD/JPY nudges a little higher on the session
USD/JPY nudges a little higher on the session
Just about the only notable move in European morning trade
It's only two more weeks until Trump's big trade deadline
It's only two more weeks until Trump's big trade deadline
No 90 deals in 90 days clearly, but do markets care?
market overview
The market turned a bit more dovish on the Fed after the recent comments
The market turned a bit more dovish on the Fed after the recent comments
The US dollar suffered from a more dovish repricing and the end of the Israel-Iran conflict
market overview
BIT
Spain Q1 final GDP +0.6% vs +0.6% q/q prelim
Spain Q1 final GDP +0.6% vs +0.6% q/q prelim
Latest data released by INE - 25 June 2025
France June consumer confidence 88 vs 89 expected
France June consumer confidence 88 vs 89 expected
Latest data released by INSEE - 25 June 2025
What are the main events for today?
What are the main events for today?
There's not much on the agenda
market overview
Eurostoxx futures +0.2% in early European trading
Eurostoxx futures +0.2% in early European trading
A calmer and more measured mood going into the session ahead
A quiet one on the agenda in Europe later today
A quiet one on the agenda in Europe later today
Markets are settling down as the Iran-Israel conflict fades into the background
market overview
ForexLive Asia-Pacific FX news wrap: BOJ’s Tamura warns decisive rate hike may be needed
ForexLive Asia-Pacific FX news wrap: BOJ’s Tamura warns decisive rate hike may be needed
Forex news for Asian trading on Wednesday, June 25, 2025
Session wrap
Wrap Asia
RBC expects Chinese equities are likely to be largely range-bound in H2 2025
RBC expects Chinese equities are likely to be largely range-bound in H2 2025
Further trade negotiation volatility ahead
China Stock Market
China
China’s Premier Li at World Economic Forum in Tianjin is dissing Trump
China’s Premier Li at World Economic Forum in Tianjin is dissing Trump
No names mentioned, but everyone knows who he is talking about
Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected)
Australian monthly CPI (May 2025) 2.1% y/y (vs. 2.3% expected)
The monthly CPI data from Australia does not show all components of the CPI, that'll have to wait for the quarterly data release.
Signs UK labour market continues slowing, pay rises below inflation & fewer job openings
Signs UK labour market continues slowing, pay rises below inflation & fewer job openings
UK is the only major economy tracked by Indeed with job openings below pre-pandemic levels.
US June consumer confidence 93.0 vs 100.0 expected
US June consumer confidence 93.0 vs 100.0 expected
Consumer confidence from the Conference Board