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20 Jul 2025

20 Jul 2025

Hanging on

• Hanging on. A quieter end to last week. US equities consolidated. USD a bit softer. AUD & NZD ticked up but still lost ground over the week.• US trends. US data has generally been a bit better than anticipated recently. Will this trend continue & will the USD’s rebound extend?• Event Radar. RBA Gov. Bullock speaks (Thurs) & the ECB meets (Thurs night). The global business PMIs are also due later this week. Global Trends After a few bursts of volatility earlier in the week it was an uneventful trading session on Friday. US equities consolidated around record highs,...

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