Get 100% ad-free experienceRisk Assets Rebound as Trump Pushes Tariff Deadline to August 1View all comments (0)0After a volatile past day session, this one was way calmer as Trump announced yet another delay in tariff deadlines – From the approaching July 9th to August 1st, apparently the final warning.The session began with the US Dollar leading to the upside, followed by general mean-reversion all across asset classes. It seems that participants will be awaiting more headlines/economic data before moving further.The biggest winner of the day was Copper, which got propped up by the latest announcement of 50% tariffs on all US Imports – CME Futures finish the session up close to 10%, marking session highs at $5.89.Other metals and cryptocurrencies finish the day mostly higher but by a small margin, benefiting from the afternoon USD selling – Only Gold finished down close to 1%.Daily Cross-Asset PerformanceSource: TradingViewEthereum continues outperforming other assets, and Gold is at the other end of the performance spectrum.Other assets are all contained within a +/- 1% range, with the USD giving back its overnight/morning upside after the latest tariff pushback.A Picture of Performance for Major CurrenciesSource: OANDA LabsThe trend continues with Japanese Yen yet again being the weakest of majors, and the AUD profiting from the unexpected Rate Hold.The day had started with the Greenback leading against every other of its major counterparts, but gave back its lead on a short-term breakout rejection. The Dollar still broke above its May Weekly descending Channel, a story that needs to be monitored closely.A look at the Economic Data releaseExcept for tonight’s 9:30 Chinese CPI (not very market-moving) and 10:00 P.M. RBA Rate Decision, the calendar for today’s session will not see much in terms of economic data releases.Still, brace up for ECB Speakers all around today session, and the FOMC Minutes releasing at 2:00 P.M. today which, in the absence of much recent communication from the FED, may this time move markets – despite being marked as a high-tier release, it tends to be a snoozer most times as usually, nothing new is being said compared to previous communications.Safe Trades!Original PostRisk Assets Rebound as Trump Pushes Tariff Deadline to August 1View all comments (0)0Latest commentsInstall Our AppScan QR code to install appRisk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.© 2007-2025 - Fusion Media Limited. All Rights Reserved.