Key Fundamentals of the Day: New York Time (ET)/(GMT‑4)

USD – Producer Price Index (IPP) for June (total and core) 🇺🇸

📢 Trump announced progress in trade negotiations with India, Indonesia, and the EU, noting that these countries will open their markets to the U.S. and increase purchases of American products. He added that more trade agreements will be announced soon.

⚙️ The June PPI is released today, key to confirming inflationary pressure stemming from tariffs, following the strong CPI in goods.

🪙 Bitcoin remains close to 119,000 USD, with an intraday high of 119,127 USD.

🏦 The banks (JPMorgan, Goldman, Morgan Stanley, Bank of America) kick off the earnings season, with JPM and Citi already surprising to the upside.

🇬🇧 In the United Kingdom, the CPI for June reached 3.6% year-on-year and 0.3% month-on-month, exceeding the estimated 3.4%.

🛢 Crude: the API weekly inventories are released this afternoon at 7:45 PM ET (23:45 GMT‑4), watch for possible surprises in balances.

📣 Trump again criticized Powell for not cutting rates and suggested possible replacements (Bessent, Hassett), intensifying political pressure on the Fed.