Show Notes – Daily US Opening News (21st August 2025)
Today’s briefing covers the latest developments in FX, commodities, trade, and geopolitics:
- FX: Dollar steady after hawkish Fed minutes and political pressure on Governor Cook. Euro soft on renewed Ukraine strikes, while GBP outperforms on stronger PMIs. Yen edges lower; AUD and NZD remain weak.
- Commodities: Oil prices firm as Russia–Ukraine conflict escalates with attacks on energy infrastructure. Gold consolidates above key levels ahead of Jackson Hole; copper stays subdued.
- Trade: China and Kazakhstan pledge deeper cooperation, aiming to strengthen bilateral trade and accelerate new trade formats.
- Geopolitics:
- Ukraine reports massive Russian drone and missile assault; Zelensky presses allies for concrete security guarantees within 10 days.
- UN chief calls for immediate ceasefire in Gaza and reversal of West Bank settlement expansion.
- North Korea reportedly maintains a fortified base capable of housing long-range missiles potentially reaching the US.
These are the key market and geopolitical drivers to watch as the US session begins.
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