Morning Market Update | 5 August 2025

💵 USD Strengthens
The US dollar firmed up against most currencies. The Swiss franc, Aussie, and Kiwi were especially weak during early trading.

🇯🇵 Japan-US Trade Talks
Top negotiator Akazawa is heading back to the US to finalise a new deal. More discussions are expected soon.

🏦 Fed Signals Caution
San Francisco Fed’s Mary Daly reaffirmed that two rate cuts in 2025 remain on the table, but the September decision is still uncertain.
She warned the labour market is cooling and that the Fed “can’t wait forever” to act.
📉 Goldman Sachs expects a possible 50 bp rate cut in September if unemployment spikes. The base case? Three 25 bp cuts by year-end, depending on jobs data.

📄 BoJ Meeting Minutes
While outdated, June’s minutes reveal a cautious tone. Despite inflation exceeding forecasts, the BoJ will hike only if data justifies. Focus remains on trade risks and corporate profits.

📈 Japan’s PMI Highlights

• Services PMI: 53.6 — strong domestic demand
• Composite PMI: 51.6 — growth led by services
  Employment growth slowed, but price pressures eased.

🇨🇳 China’s Services Boom

• S&P Services PMI: 52.6 — highest since May 2024
  Driven by tourism & domestic demand.
• Composite PMI: down to 50.8 due to weak manufacturing

🪙 Crypto on CFTC Radar
The CFTC plans to allow spot crypto trading on CFTC-registered futures exchanges — a major shift in regulatory tone! 🚀

📌 Stay tuned with NordFX for the latest market-moving updates. Trade smart, stay ahead! 💼📲

📊 Morning Market Update | 5 August 2025 🌅 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.