If you only look at one week of markets this quarter, this might be it. Federal Reserve Chair Kevin Warsh just delivered one of the most hawkish speeches of his tenure, an unresolved military standoff over the Strait of Hormuz is keeping oil and gold both elevated, and Friday brings the single most-watched U.S. economic … Read more
This week’s markets are being pulled by three forces at once. New Fed Chair Kevin Warsh, who took over from Jerome Powell in May 2026, delivers his first Jackson Hole keynote as Chair on Friday — just three weeks before the Fed’s next policy meeting. Markets are no longer simply debating whether the Fed will … Read more
This week’s markets are stuck between two versions of the same institution. The Federal Reserve, now led by Chair Kevin Warsh, held interest rates steady in July — but the vote was 9 to 3, with three officials pushing for an immediate hike, and most projections still point to at least one more increase before … Read more
Two forces are pulling markets in opposite directions this week, and that’s exactly what makes it worth paying attention to. On one side, the US labor market just showed its first real crack in months. On the other, oil prices are climbing again because of an unresolved conflict in the Middle East. Normally, a weak … Read more
This week’s currency and commodity markets revolve around one number: Friday’s U.S. jobs report. After a Federal Reserve meeting that ended in a rare split vote, and a Bank of Japan decision that came with a currency-market shock attached, traders are heading into August with more uncertainty than usual about where the dollar, gold, and … Read more
If you only look at the markets calendar once this summer, this is the week to do it. Three of the world’s biggest central banks — the U.S. Federal Reserve, the Bank of England, and the Bank of Japan — are all announcing interest rate decisions within the same five days. That kind of clustering … Read more
Oil is trading near a one-month high after renewed U.S.–Iran hostilities disrupted shipping through the Strait of Hormuz, and that single story is rippling through gold, silver, the U.S. dollar, and oil-linked currencies like the Canadian dollar. On top of that, the European Central Bank meets Thursday, July 23, days after its first rate hike … Read more
If you check the calendar for a Federal Reserve meeting this week, you won’t find one — and neither will you find a meeting from the European Central Bank, Bank of England, Bank of Japan, Reserve Bank of Australia, or Bank of Canada. Every major central bank sits out the week of July 13–17, 2026. … Read more
Quick AnswerNo — copper’s 2026 rally is not a classic speculative bubble. It is a supply-driven bull market, anchored by a real mine disruption and structural electrification demand, with speculative and tariff-driven amplification on top. Prices remain vulnerable to a correction if Chinese demand stays weak or U.S. tariff policy shifts. The Short Answer: Not … Read more
The Federal Reserve held interest rates steady in June, but it also nudged its year-end forecast toward one more rate hike — right before a much weaker-than-expected jobs report landed on July 2. That contradiction is unresolved, and it makes Wednesday’s release of the Fed’s June meeting notes (the “FOMC minutes”) the single most important … Read more