Federal Reserve regional Presidents Musalem and Daly speak on ThursdayECB board member and Bank of Spain governor Jose Luis Escriva speaking ThursdayDaiwa estimates Trump’s proposed 25% tariffs could reduce Japan’s real GDP by 1.1%Chinese firms plan to deploy approximately 15,000 advanced Nvidia chipsBank of England Deputy Governor, Financial Stability, Sarah Breeden speaks ThursdayTrump’s tariff hikes fuelling debate at the Fed on interest rate cut timingFrance, U.K., to coordinate use of their nuclear weapons to any major threat to EuropeICYMI - China pledges fresh policy support to stabilise employmentPBOC sets USD/ CNY mid-point today at 7.1510 (vs. estimate at 7.1757)Tesle (TSLA) boss Musk says robotaxi expanding to cover larger area in Austin this weekendBank of Korea held interest rates steady at 2.5%Japan eyes tariff talks with U.S. during Bessent’s World Expo visit next weekTrump "announcing a 50% TARIFF on Copper, effective August 1, 2025"Rabobank forecast EUR/USD to 1.2 in 12 monthsRBA advances wholesale CBDC trials with industry partnersJapan June PPI +2.9% y/y (expected +2.9%) and -0.2% m/m (expected -0.2%)UBS adjusts USD/JPY outlook amid policy and trade shifts, Q3 forecast to 140 from 135UK June house prices, RICS survey, -7 (vs. -9 expected)Its Trump vs. Sri Lanka now. Trump hits Sri Lanka with a 30% tariff.Brazil has already deepened ties with China amid escalating tensions with the U.S.OPEC Bans top media outlets from Vienna Oil ConferenceBrazil slammed by Trump's 50% tariff, real down more than 2%EU and US race to finalize car trade deal ahead of Trump’s August 1 tariff deadlineForexlive Americas FX news wrap: US dollar treads water as eyes turn back to tradeIn the US? Time to go out and stock up on coffee, OJ. Prices about to rise.Trump hits Brazil with a 50% tariffUS equity close: Strong finish as Nvidia hits $4 trillionTrade ideas thread - Thursday, 10 July, insightful charts, technical analysis, ideas
Soon after Trump confirmed a 50% tariff on U.S. copper imports that he had mooted earlier this week. The moves mark an escalation in his global tariff campaign.
OPEC banned major media outlets—WSJ, NYT, FT, Reuters, and Bloomberg—from attending its Vienna oil conference, a move raising transparency concerns.
Geopolitics:
France and the U.K. will coordinate their nuclear deterrence strategies in response to major threats to Europe. Separately, Israel's IDF intercepted a ballistic missile launched from Yemen, with no injuries reported. This article was written by Eamonn Sheridan at www.forexlive.com.
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