Powell’s cautious tone led markets to price in just 35 basis points of easing by year-end. The euro slipped to $1.14 as Eurozone Q2 GDP slowed to 0.1%, with Germany and Italy contracting. EUR/USD sees resistance at 1.1450. The yen strengthened past 149 after the BoJ held rates steady, while the offshore yuan rose to 7.19 despite weak PMI data, supported by the Politburo’s policy pledges.

Gold rebounded above $3,290 on tariff headlines and strong U.S. data, with resistance near $3,320. Silver and platinum also posted gains, with platinum rising 1.61%. Bitcoin traded just under $118,000, supported by the 200-day moving average. Resistance stands at $119,300.

Stocks rallied on upbeat earnings from Meta and Microsoft. Meta surged 12%, Microsoft 8%, lifting Nasdaq futures by 1% and S&P 500 by 0.7%. NASDAQ holds resistance at 24,000. Brent crude hovered near $72 as Trump’s new sanctions and a surprise 7.7 million barrel inventory build fueled supply concerns. Resistance stands at $73.00.

U.S. 10-year yields held around 4.36%, while Japan’s rose to 1.56%. Global bond markets stayed stable amid shifting expectations on central bank policy.

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