Dollar index (Dxy00) On Friday, +0.21%rose, and reached a high level of a new 2.5-week. The dollar went over due to a recession in shares, which increased the demand for some liquidity for the dollar. In addition, President Trump’s Canada and other American trading partners promote inflation pressure promoting threat to promote tariffs that can keep the fed from the interest rate cuts, a subsidiary factor for the dollar.

Late on Thursday, President Trump said that 35% tariff on some Canadian products will be effective on 1 August by current 25%. The new Canadian tariffs will not apply to trading goods within the rules of the US-Maxico-Canada Trade Agreement, and 10% tariffs will be placed on some energy-related imports. He also said that he plans to impose blanket tariffs of 15% or 20% on most American trade partners.

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Markets are giving exemption to 7% of the 25 BP rate cuts in the July 29-30 FOMC meeting.

EUR/USD (^Eurusd) On Friday, there was a decline of -0.10%, which is above the low -lying level of Thursday’s 2 -week. Weighed the dollar strength at the euro.

However, the Euro was inherently supported after the ECB Executive Board member Schnabel jumped on the yield of the German bund, who said, “Another ECB is too much for the interest rate cut, and will be a case for only one and cut in the rate if we saw a physical deviation from our target in the medium period.

In the July 24 policy meeting, 2% of the probability of cutting -25 bp rate cut by ECB is pricing.

USD/JPY (^Usdjpy) Yen increased +0.82%with the 2.5-week reduced against the dollar. Ramp-up tariff threats by President Trump, due to concern, wears the high American tariffs reduce the Japanese economy and prevent BOJ from tightening the monetary policy. High Tea-Note yield for Yen was also a slowdown. However, Yen gained some support from the increase in Japanese government bond yield after a 10-year-old JGB bond yield on Friday, which climbed up to 1.522%of the 5-week high.

Yen has been reduced by concern about the upper house election in Japan on 20 July. The ruling Liberal Democratic Party of Cash Handouts, the ruling Liberal Democratic Party of Cashouts, and the promises of low taxes by the opposition have expressed concern that the fiscal deteriorated, which is bearish for Yen.

August gold (Gcq25) On Friday +38.30 ( +1.15%), and September silver (Siu25) Closed +1.650 ( +4.42%). On Friday, precious metals increased, with gold rose to a height of 1-week and increased silver at a high level of about 14 years. Ramp-up tariff hazards by President Trump have promoted safe-hobe demand for precious metals after their announcement late Thursday night that it will increase the tariff by 35% on some Canadian products on August 1, which is above the current 25%. He also said that he plans to impose blanket tariffs of 15% or 20% on most American trade partners. Friday’s stock weakness also promoted a safe-havan demand for precious metals.

The recession factors for precious metals included a 10-year T-carrot yield and the +7 BP growth of the dollar. In addition, ECB Executive Board member Isabel Schnabel said, “Another ECB is very high to cut interest rate.”

Silver prices are supporting silver prices to buy silver funds as silver holdings in ETFs rose at a high level of 2.75 years on Thursday. After the announcement of President Trump, Silver was supported by Carryover due to this week’s increase in this week’s copper prices, in which the US would implement 50% tariff on copper imports, effective from 1 August.

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