Wall Street stays bullish! The Nasdaq hit a new all-time high yesterday, driven by Big Tech gains. 🧠💻 Donald Trump, meanwhile, did not confirm The New York Times report and said he hasn’t yet decided whether to remove Fed Chair Jerome Powell — though the option is still on the table. 🏛️🇺🇸
📊 Futures in Europe are trending higher, and Asia wrapped up with positive momentum.
💱 On the Forex front, volatility picked up:
🔻 AUD/USD fell over 0.5% after disappointing Aussie labour data
📉 EUR/USD edged down 0.1% as the Dollar steadied
📈 USD/JPY jumped more than 0.4%
🇦🇺 Australia’s June jobs report disappointed:
— Unemployment rose to 4.3% vs. expected 4.1%
— Only 2,000 new jobs added (vs. forecast 20,000)
— Participation rate slightly better at 67.1%
🪙 Commodities remain calm:
🥇 Gold: -0.3%
🚗 Palladium: -1%
💥 In crypto, Ripple (XRP) shines — up nearly 2.5% to $3.14 🚀
Overall sentiment is cautious despite buzz around the new GENIUS Act, which aims to regulate the digital asset market in the U.S. 📜🇺🇸
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📈 Morning Market Update | 17.07.2025 🌍 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.