\ud83c\udde8\ud83c\uddf3 Asian markets are steady but less upbeat than yesterday:
\u200a\u2014\u200aCH.cash gained +0.4%
\u200a\u2014\u200aJAP225 rose\u00a0+0.2%<\/p>\n
\ud83c\uddfa\ud83c\uddf8 Wall Street futures ticked higher after strong Alphabet earnings, though they\u2019re slightly softer this\u00a0morning.<\/p>\n
\ud83c\udde6\ud83c\uddfa Australia: July\u2019s flash Manufacturing PMI rose to 51.6 (vs 50.6), while Services PMI climbed to 53.8 (vs 51.8).
\ud83c\uddef\ud83c\uddf5 Japan: Manufacturing PMI fell to 48.8\u200a\u2014\u200aa sign of contraction and below expectations.<\/p>\n
\ud83c\udfdb\ufe0f Donald Trump is set to visit the Fed today\u200a\u2014\u200aonly the 4th president ever to do so. Tensions with Jerome Powell are rising, especially after reports of a $2.5B HQ renovation scandal.<\/p>\n
\ud83d\udcc9 Bessent says the new Fed chair may be named in December or January\u200a\u2014\u200acalming fears of dual leadership. Meanwhile, the dollar is slightly weaker vs the\u00a0euro.<\/p>\n
\ud83d\udcac RBA Governor Bullock struck a cautious tone:
\u200a\u2014\u200aLabour market is still hot
\u200a\u2014\u200aInflation hasn\u2019t eased enough
\u200a\u2014\u200aA rate cut in August remains possible, but is no longer\u00a0certain<\/p>\n
\ud83c\udde6\ud83c\uddfa The Aussie dollar surged above 0.6600\u200a\u2014\u200aits highest level since Nov 2024\u200a\u2014\u200aboosted by global trade optimism.<\/p>\n
\ud83c\udf10 Today, EU Commission President von der Leyen meets with Xi Jinping to ease trade tensions amid growing rifts with the\u00a0US.<\/p>\n
\u26a0\ufe0f Reports of gunfire on the Thai\u2013Cambodian border led to the evacuation of 40,000 people from Thai villages.<\/p>\n
\ud83d\udcb0 Commodities:
\u200a\u2014\u200aGold: -0.2%
\u200a\u2014\u200aPalladium: -1.5%
\u200a\u2014\u200aOil: +0.15%
\u200a\u2014\u200aNatural Gas: +0.15% (Goldman Sachs remains bullish for\u00a02026)<\/p>\n
\ud83d\ude97 Earnings Watch<\/strong> \ud83d\udce2 Stay sharp, stay informed\u200a\u2014\u200atrade smarter with NordFX!\u00a0\ud83d\udcbc\ud83d\udcc8<\/p>\n \ud83d\udcca Morning Market Update | 24 July 2025 \ud83c\udf0d<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83c\udde8\ud83c\uddf3 Asian markets are steady but less upbeat than yesterday:\u200a\u2014\u200aCH.cash gained +0.4%\u200a\u2014\u200aJAP225 rose\u00a0+0.2% \ud83c\uddfa\ud83c\uddf8 Wall Street futures ticked higher after strong Alphabet earnings, though they\u2019re slightly softer this\u00a0morning. \ud83c\udde6\ud83c\uddfa Australia: July\u2019s flash Manufacturing PMI rose to 51.6 (vs 50.6), while Services PMI climbed to 53.8 (vs 51.8). \ud83c\uddef\ud83c\uddf5 Japan: Manufacturing PMI fell to 48.8\u200a\u2014\u200aa sign […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-83764","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83764"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83764"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/83764\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Tesla<\/strong>: Q2 revenue hit $22.5B (vs $22.74B forecast), EPS at $0.40 (vs $0.43). Auto revenue fell 16% YoY, but a cheaper model + Robotaxi launch in Austin boosted sentiment. \ud83d\udcc9 Shares down 4.5% after-hours.
Alphabet<\/strong>: Q2 revenue soared to $96.43B (vs $94B forecast), EPS at $2.31 (vs $2.18). Cloud + YouTube ad growth and $85B AI investment lifted shares by 1.7%. \ud83d\ude80
IBM<\/strong>: Beat estimates with $16.98B in revenue and EPS of $2.80. Still, shares dipped 5% after-hours despite reaffirming strong cash flow guidance. \ud83d\udcbb<\/p>\n