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📉 Payroll de Junho nos EUA: A Última Cartada Antes do Corte de Juros? "Qualquer leitura abaixo de 60 mil pode ser o gatilho de uma recessão estagflacionária", alerta Wall Street Por Igor Pereira – Analista de Mercado, Membro Junior Wall Street NYSE ExpertFX School – Análises Institucionais e Macroeconômicas Profundas 📆 Quando será divulgado? O relatório de emprego não-agrícola (Payroll) referente a junho será publicado amanhã, quinta-feira (03/07), às 9h30 (horário de Brasília). Por conta do feriado de 4 de julho nos EUA, a divulgação foi excepcionalmente adiada. 📊 Expectativas do mercado: Indicador Estimativa de Consenso Anterior Comentários Criação de Empregos (NFP) +106 mil +139 mil Projeções variam de 70k a 160k Taxa de Desemprego 4,3% 4,2% Risco de alta para 4,4% Salário médio por hora (MoM) +0,3% +0,4% A suavização sustenta o argumento dovish Salário médio (YoY) 3,9% 3,9% Estável, mas ainda elevado frente ao core PCE 📊 Expectativas de WallStreet 📉 Contexto e Sinais Antecipados de Fraqueza Os indicadores antecedentes do mercado de trabalho em junho acenderam o alerta vermelho: 📉 ADP Employment: -33 mil (pior leitura desde 2020) 🔻 Pedidos iniciais de auxílio-desemprego: 246k (vs 226k mês anterior) 🛑 PMI Industrial (Emprego): caiu para 45,0 — zona de contração 📉 ISMs e regionais do Fed: todos com subcomponentes de emprego em queda 🟢 JOLTS (vagas abertas): aumento para 7,8 milhões — porém já defasado 🗣️ Confiança do Consumidor: percepção de que "empregos são abundantes" caiu para 29,2% ⚠️ Cenários de Impacto e Expectativas de Wall Street 🔵 Cenário "Goldilocks" (entre 125k e 145k) Impacto: Positivo para ações, leve alta nos yields. Interpretação: Crescimento resiliente com inflação contida. Probabilidade (JPM): 25% 🟡 Cenário Base (entre 105k e 125k) Impacto: Neutro a positivo para ativos de risco. Narrativa: Suporte contínuo ao crescimento, sem pânico. Probabilidade (JPM): 40% 🟠 Cenário de Alerta (entre 85k e 105k) Impacto: Alta volatilidade; sinaliza fraqueza latente. Mercado precifica corte já em julho com mais convicção. Probabilidade (JPM): 25% 🔴 Cenário Recessivo (< 85k, especialmente < 60k) Impacto: Risco de estagflação → queda nos yields, alta no ouro, venda em ações. Trump e Tesouro devem pressionar o Fed abertamente. Probabilidade (JPM): 5% 🧠 Comentário Estratégico de Traders e Bancos 🗣️ Goldman Sachs: projeta 85k, com risco de impacto da revogação do TPS de migrantes venezuelanos (-25k empregos). 🧮 Morgan Stanley: prevê 140k, puxado por contratações no setor público. ⚠️ Fed’s Barkin: mercado de trabalho "breakeven" agora é de 80k-100k empregos/mês. 📉 Fed’s Bostic: ainda quer esperar por mais dados antes de cortar. 💣 Waller e Bowman: abertos a cortar já em julho — caso dados confirmem desaceleração. 💥 Impactos no Mercado Esperados por Ativo Ativo Cenário Base (100k-125k) Abaixo de 60k Dólar (DXY) Estável a levemente fraco Forte queda, especialmente frente ao ouro e CHF Ouro (XAU/USD) Lateral a levemente positivo Forte alta, pode romper US$ 3.380 S&P 500 Otimismo moderado Alta volatilidade, possível realização Treasuries (10Y) Yields levemente estáveis ou +5bps Queda agressiva nos yields Bitcoin Alta com cenário dovish Forte rompimento de máximas, ETF flows continuam ETH/USD Acompanhando BTC Alta acima de US$ 2.570 provável 📝 Considerações Finais ExpertFX Se o Payroll vier abaixo de 85k, e principalmente abaixo de 60k, estaremos diante de um "choque de crescimento" com risco estagflacionário, forçando o Fed a se posicionar antes de setembro, mesmo com o impacto das tarifas ainda sendo incerto. O relatório de amanhã é decisivo para a trajetória dos juros, do ouro e do dólar — e, por consequência, para a reprecificação de risco global. 🔔 Fique ligado nas atualizações em tempo real no canal ExpertFX School. Nossa cobertura institucional e projeções atualizadas estarão disponíveis logo após a divulgação do Payroll.

🇺🇸 Secretário do Tesouro Pressiona o Fed: "Corte de Juros Deveria Vir Até Setembro" Scott Bessent critica projeções da instituição e diz que Fed está paralisado por "síndrome tarifária" Por Igor Pereira – Analista de Mercado, Membro Junior Wall Street NYSE ExpertFX School – Cobertura Macroeconômica Avançada 💬 Bessent: "Se os critérios do Fed forem mantidos, corte de juros deve ocorrer até setembro" O Secretário do Tesouro dos EUA, Scott Bessent, voltou a criticar a postura do Federal Reserve nesta terça-feira, durante entrevista à FOX, ao afirmar que o Fed poderia cortar juros até setembro, com base em seus próprios critérios atuais — que relacionam a decisão à influência inflacionária das tarifas de importação. A fala ecoa os modelos da Goldman Sachs, que passaram a prever cortes já no terceiro trimestre, à medida que os efeitos das tarifas impostas por Trump mostram-se menos persistentes sobre os preços e mais impactantes sobre o crescimento. 📉 Bessent critica projeções do Fed: "Se estão reduzindo a projeção de crescimento, por que não cortar juros?" O secretário destacou um ponto sensível nas recentes Projeções Econômicas do Fed (SEP), divulgadas na última reunião: a instituição elevou suas expectativas de inflação, mas rebaixou a projeção de crescimento econômico dos EUA para o segundo semestre. A crítica reflete a frustração crescente na Casa Branca com a hesitação do presidente do Fed, Jerome Powell, em agir rapidamente frente aos riscos de desaceleração. 🧭 Contexto Macroeconômico O pano de fundo das declarações de Bessent é o seguinte: 📉 ADP Employment Change de junho: -33 mil (esperado +105 mil) — o pior dado desde setembro de 2024. 📊 Resumo das Projeções Econômicas do Fed (junho/25): PIB para 2025 revisto para baixo Inflação (PCE core) mantida acima de 2,5% 🔻 Índice de Surpresa Econômica dos EUA: no menor patamar desde 2024. 📉 Consumo desacelera, inclusive em bens discricionários. ⚠️ O que esperar agora? O mercado já precifica quase 70% de probabilidade de um corte na reunião do FOMC de setembro, com possibilidade crescente de adiantamento para julho, caso o Payroll desta sexta (5) confirme o cenário de fraqueza. As declarações de Bessent aumentam a pressão política sobre Powell, num momento em que o Fed também enfrenta: Críticas diretas da administração Trump Um pedido de investigação no Congresso sobre a gestão da sede do Fed Possível substituição precoce do presidente, conforme rumores políticos de nomeação antecipada 🎯 Impactos no Mercado Financeiro Ativo Expectativa com Corte de Juros Comentário Técnico Dólar (DXY) Negativo Potencial correção abaixo dos 98.5 pts Ouro (XAU/USD) Positivo Pode retomar acima de US$ 3.400 com queda de yields Bitcoin (BTC/USD) Positivo Liquidez global favorece ativos alternativos Treasuries Positivo (queda nos yields) 10Y pode testar 3,90% novamente S&P 500 Misto (bom a curto prazo) Mas crescimento fraco pode limitar upside estrutural ✅ Conclusão ExpertFX O Fed parece dividido entre credibilidade inflacionária e risco de recessão técnica. A pressão do Tesouro e da Casa Branca se intensifica, enquanto o mercado interpreta cada dado macro com extrema sensibilidade. Se o Payroll vier abaixo do esperado, um corte de juros em julho entra fortemente no radar — o que pode impulsionar ouro, criptoativos e ações de tecnologia, mas também sinaliza um alerta vermelho para a saúde da economia norte-americana. 🔔 Fique atento às atualizações da ExpertFX School nesta sexta-feira. A divulgação do Payroll pode mudar o rumo dos mercados globais.

Bitcoin price started a fresh increase from the $105,200 zone. BTC is now consolidating and might struggle to continue higher above the $110,000 resistance. Bitcoin started a fresh increase above the $108,000 zone. The price is trading above $107,500 and the 100 hourly Simple moving average. There was a break above a bearish trend line with resistance at $106,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $107,000 zone. Bitcoin Price Regains Traction Bitcoin price remained supported above the $105,000 level and started a fresh increase. BTC cleared many hurdles near $106,200 to start a decent increase. There was a break above a bearish trend line with resistance at $106,300 on the hourly chart of the BTC/USD pair. The pair pumped above the $107,500 resistance level. It cleared the 76.4% Fib retracement level of the downward move from the $108,792 swing high to the $105,116 low. Finally, the price surged toward the $110,000 level. It tested the 1.236 Fib extension level of the downward move from the $108,792 swing high to the $105,116 low. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $109,400 level. The first key resistance is near the $110,000 level. A close above the $110,000 resistance might send the price further higher. In the stated case, the price could rise and test the $112,000 resistance level. Any more gains might send the price toward the $113,200 level. Downside Correction In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another decline. Immediate support is near the $108,750 level. The first major support is near the $108,000 level. The next support is now near the $107,200 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,000, followed by $107,200. Major Resistance Levels – $110,000 and $112,000.

A cryptocurrency analyst has pointed out how Pudgy Penguins (PENGU) is starting to look similar to Pepe (PEPE) did before its explosion. Pudgy Penguins May Be Following A Similar Path As PEPE In a new post on X, analyst Ali Martinez has talked about how PENGU is showing to the memecoin PEPE in its price chart. Below are the graphs shared by Martinez comparing the trends of the two side-by-side. In both charts, the analyst has marked the Fibonacci Retracement levels for the assets, lines that are based on ratios from the famous Fibonacci series. The analyst has set the 1.0 level to a price top for both assets. For PEPE, it’s the high from 2023, and for PENGU, it’s the peak from the start of 2025. Similarly, the zero mark is taken at the bottom point. More specifically, the low that followed the aforementioned top in the coins. Martinez then drew the Fibonacci Retracement levels between the two end points, with each line corresponding to some percentage retracement from top to bottom. It would appear that in PEPE’s case, the price bottom was followed by a recovery surge that topped above 0.5, the midway point of the Fibonacci scale. This high led into a retrace, but bullish momentum returned for the coin in 2024, resulting in a sharp explosion where its price far surpassed the 2023 top. From Pudgy Penguins’ chart, it’s apparent that something similar has been developing for it, as its price, too, has seen the pattern of a top above the 0.5 Fibonacci Retracement line, followed by a dip and now a rebound. The rebound in question corresponds to the altcoin’s impressive 50% rally over the past week. Even with this surge, however, the asset has only managed to return to the May high. While there has been some similarity between the two price charts, it should be noted that it’s not an exact mirror. For instance, the dip extended to 0.236 for PEPE, but the rebound came for PENGU before such a retracement could occur. With the rebound also not being as strong as PEPE’s so far, it only remains to be seen whether Pudgy Penguins’ surge would end up evolving into anything like the memecoin’s takeoff. As the analyst notes, “a daily close above $0.015–$0.017, and this train could be unstoppable.” Something that could also point toward a potential breakout for PENGU is this chart shared by Martinez earlier, showcasing that the altcoin has been traveling inside an Ascending Triangle over the last few months. Pudgy Penguins has recently climbed to the upper line of the pattern, situated around $0.015. Generally, breaks above the resistance line of an Ascending Triangle are considered to be bullish signals. So far, the coin hasn’t been able to surge past the line. PENGU Price At the time of writing, Pudgy Penguins is trading around $0.0148, up over 4% in the last 24 hours.

Bitcoin held its ground as US President Donald Trump’s “One Big Beautiful Bill” passed the Senate late Monday narrowly by 51–50 votes. Vice President J.D. Vance provided the tie‑breaking vote that sealed the deal for the $4.5 trillion package. The package contains major tax reductions, deeper border security funding, and substantial cuts to programs such as Medicaid and SNAP. No crypto‑specific language was included, but lawmakers attempted to insert a tax benefit for digital currencies during last minute wrangling. Bitcoin Dips Before Quick Rebound Based on reports from crypto exchanges, Bitcoin slid to about $106,344 just before the vote as traders held off on big bets. Once the Senate approved the bill, BTC jumped back above $107,800. That’s a swing of roughly $1,400 in a single session, or about 1.3%. Some traders said they sold into the dip and bought back in once the outcome was clear. Others just shook their heads and waited for the next news headline. Altcoins And Liquidations Take A Hit Ethereum barely moved, dipping 0.3%, while XRP fell about 0.7% on the day. Solana saw the biggest wobble, dropping as much as 6% during trading. In total, more than $219 million in liquidations hit the broader crypto market. Bitcoin alone accounted for roughly $60 million of that, as leveraged positions got squeezed when prices spiked back up. Crypto Stocks See Gains Stocks tied to digital assets also rallied on the bill’s passage. MicroStrategy (now Strategy) shares climbed around 3.2%, and Coinbase jumped 2.3% in early trading on Tuesday. Those moves outpaced the Nasdaq’s modest gains. Final Look The bill now goes back to the House for a final sign‑off, with Speaker Mike Johnson aiming to send it to the president’s desk before July 4. The traders will be watching closely for the next inflation reading and for any signals from the Federal Reserve. If a rise in prices drives the Fed to more increases, crypto markets may come under new strain. However, others view the Senate vote as another reminder that Bitcoin and its cousins can move on significant political news—sometimes in ways not necessarily expected. Featured image from Unsplash, chart from TradingView

Mineralization at Bald Hill project in New Brunswick, Canada. Image: Antimony Resources. Antimony Resources (CSE: ATMY) (FSE: K8J0) reported Wednesday that the first assays have been received from drilling at its Bald Hill antimony project, including sections of “massive antimony stibnite and stibnite bearing breccia-filling” intersected. The Bald Hill project is located in Canada’s New Brunswick province. The company reported drilling 4.17% Sb over 7.40 meters including three zones which returned 28.8% Sb, 21.9% Sb, and 17.9% Sb, respectively. Ten additional drillholes have been completed to date and sections of massive antimony stibnite and stibnite bearing breccia-filling have been intersected in the drill holes, the company said. The antimony bearing mineralization has been outlined in surface outcroppings over a distance of at least 300 meters to the southeast beyond the original drilling. Stibnite is commonly mined for its antimony content. The recent cancellation of antimony exports by China, combined with a substantial price increase, have driven efforts to locate and extract this critical metal in Canada and the US. Assays are pending and are expected for the next set of drill holes in two to three weeks, the company said. Drill holes BH-25-01 and BH-25-02 did not reach the target before the holes were abandoned. It was determined that the drilling did not reach the target mineralization, it added. Additional drilling and information gathered by prospecting and mapping the newly discovered surface occurrences indicated that these drillholes had ended short of the mineralized zone. “I am very pleased with the assays returned for drillholes BH-25-03 and BH-25-04,” Antimony Resources CEO Jim Atkinson said in a news release. “The shortfall of the first two drillholes was disappointing but we have better identified the location of the mineralization with each successive drill hole and the surface mapping and have retargeted the area of drillholes 1 and 2 with additional drill holes to intersect the Zone. “The results obtained in these first samples have increased our confidence in the validity of the previous drilling results and will assist in establishing the drill hole density we will need for a Resource,” Atkinson said. By market close in Toronto, Antimony Resources’ stock had been traded 1,640,408 times, closing the day down 21%. Average daily trading volume is 173,350. The company has a C$6 million ($4.4m) market capitalization.

Bitcoin (BTC) is now 195 days into its latest sideways movement, which is part of a broader two-year stretch marked by sluggish price action and short-lived rallies. According to a crypto analyst, just 36 days of meaningful gains have defined this cycle, while the rest have been a relentless grind. Still, despite the clear market fatigue and repeated new lows, the analyst insists that the cycle isn’t over yet. Bitcoin Cycle Sees Only 36 Days Of Real Gains The current Bitcoin market cycle is being closely examined, as a new analysis by expert analyst Crypto Con delves deep into the cryptocurrency’s past movements, revealing two full years of sideways price action with only brief periods of upward momentum. The analyst’s chart, titled “Cycle 4 Ranges and Expansions,” highlights a pattern of prolonged range-bound activity interrupted by short bursts of expansion. As of now, Crypto Con notes that Bitcoin has been consolidating for 195 consecutive days since December 18, 2024, without setting a new local high. The chart analysis shows that the total time spent in actual upward expansion in the entire cycle is just 5.76 months. Even more interesting is the fact that when isolating the days in which Bitcoin recorded new local highs, the number shrinks to just 36 days. According to the market expert, these expansion bursts are responsible for all of Bitcoin’s significant price increases during its current cycle. Every expansion phase has also occurred within extremely narrow windows—typically just two to five days long. The rest of the cycle after this has been characterized by a consistent sluggish grind and long stretches of price consolidation, where momentum fades and the market struggles to advance. Flattened Price Action Hides Cycles’ Underlying Strength A closer look at the bottom section of Crypto Con’s chart, which removes the expansion bursts, shows how Bitcoin’s price has essentially remained flat or trended lower throughout the cycle. Major sideways phases in 2023 and 2024 lasted 192 days and 238 days, respectively, offering minimum sustained upside. The current 2025 range has now extended close to 200 days, continuing the trend of market inactivity. Despite the drawn-out stagnation, Crypto Con maintains that this cycle is not over yet. He implies that Bitcoin’s prolonged accumulation and consolidation could be building pressure for a significant breakout. The chart also shows Bitcoin’s next potential upside target between $165,000 and $180,000. Currently the leading cryptocurrency is trading at $106,990, meaning a jump anywhere between these targets would represent price increase of over 54%. If previous patterns hold, BTC’s next major move may arrive swiftly, as past expansions have delivered their impact in just a few trading sessions. Until that moment arrives, Bitcoin remains locked in what is shaping up to be the slowest and possibly the most patient-testing cycle to date.

Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and strengthen market confidence, BTC needs to secure a solid weekly close above $107,720. Bitcoin Weekly Candle Could Set The Stage For A Run Bitcoin is approaching a make-or-break moment, but if BTC can secure a strong weekly close above $107,720, it could trigger a move toward the $130,000 to $135,000 range in Q3. This key level is acting as a resistance zone, and breaking it could unlock a new wave of bullish momentum. SatheMeme_Expert revealed on X that a similar setup had appeared in Q4 2024, when BTC posted its biggest weekly close of the year. The result was an unstoppable rally that shattered resistance and fueled one of the strongest bullish legs of the cycle. The weekly chart shows Bitcoin is trading within a well-defined historical parallel channel. As mentioned by Pinnacle_Crypto, this channel has previously marked a breakout point in October 2023 and October 2024, which fueled upward moves. If this pattern continues, BTC could be on track to reach the $150,916 target in October 2025. The channel provides a roadmap, with key breakouts that signal the start of rallies. Alongside, price dips will serve as accumulation zones. Crypto analyst Gemxbt also highlighted that Bitcoin’s 1-hour chart is currently in a downward trend, but the price is attempting to bounce off a support zone near $106.500. So far, this area is holding firm, providing a foundation for buyers to step in, and technical indicators support this potential shift. The Relative Strength Index (RSI) is recovering from oversold levels, hinting that selling momentum is waning, while the Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover, which could signal the start of upward momentum. However, for a meaningful reversal to hold, BTC must overcome the critical resistance near $108,500. A breakout above with sustained volume will be crucial to confirm the trend and bullish momentum. Consolidation Phase Matures — Breakout May Be Imminent BTC is consolidating inside a descending channel formation on the daily chart, a pattern that typically reflects a phase with a broader trend. Dynamite Trader emphasized that BTC is currently trading above the 50-day moving average (MA 50), a technical level that is now solid for the bulls. A breakout above the descending channel would mark a shift in sentiment and momentum, potentially triggering a bullish continuation toward the $120,000 region, the next psychosocial target on the macro chart. According to MiraCrypto, Bitcoin has shown a strong breakout from the descending channel on the 1-day chart, signaling a shift in momentum. BTC is now consolidating above the resistance, which has turned into support. This consolidation above the breakout levels is a bullish continuation signal seen before the next leg higher. MiraCrypto noted that as long as BTC holds this zone, the path remains open for a move toward $135,000.

Drilling at Copper Creek, Arizona. Credit: Faraday Copper Faraday Copper (TSX: FDY) got the go-ahead from the Bureau of Land Management for the next phase of exploration at its Copper Creek project in Arizona. That pushed the stock to a 12-month high. The approval unlocks 67 drill pads for testing open-pit and oxide targets, the company said in a press release. This comes from a ‘finding of no significant impact’ on the record of decision dated June 30. The Copper Creek approval was expedited under the current administration, Canaccord Genuity analyst Dalton Baretto said in a note. “[It’s] reflective of momentum building in the US to secure domestic critical metal supplies,” a dynamic that “bodes well for future permitting efforts at Copper Creek as well,” Baretto said. Faraday plans to design its next drill phase around these newly approved pads and target both sulphide and oxide mineralization in a program now free of permitting hold-ups, the company said. Other critical-metal projects have won similar fast-track reviews under the Trump administration. On Jan. 15, 2021, five days before President Biden took office, the BLM issued a record of decision for Lithium Americas’ (TSX: LAC; NYSE: LAC) Thacker Pass lithium mine in Nevada. This followed Executive Order 13817, which directed agencies in December 2017 to streamline permitting for critical minerals. Earlier this year, Trump used emergency powers to increase domestic lithium and nickel processing. He also ordered agencies to find US mines and lands for fast-tracked approval. Last month, the US Forest Service posted a final environmental impact statement and draft record of decision for the in-state Resolution Copper mine, a joint venture between Rio Tinto (ASX, LON, NYSE: RIO) and BHP (NYSE, LSE, ASX: BHP). The move, dated June 16, advances the 2015 land-exchange mandate. Drilling flexibility The Copper Creek approval includes 48 pads in the American Eagle area and 19 in other locations. This gives management flexibility in planning future exploration programs, the company said. Faraday aims to define near-surface resources and explore potential oxide zones. “This approval enables the drilling of numerous untested breccias within the American Eagle area, where recent drilling intersected many mineralized breccias and highlighted the potential for a large, near-surface resource to be defined,” Faraday president and CEO Paul Harbidge said. Faraday expects to release an updated resource estimate and preliminary economic assessment by September. It will incorporate about 40,000 metres of drilling completed during earlier exploration phases. Shares of Faraday jumped about 10% in Toronto Wednesday to a fresh 12-month high of C$1.00, taking their climb since January to more than 32%. The company has a market capitalization of C$203.5 million. Big resource Copper Creek holds a measured and indicated resource of 421.9 million tonnes grading 0.45% copper, 0.008% molybdenum and 1.1 grams silver per tonne for 4.2 billion lb. copper, 74.6 million lb. molybdenum and 15.5 million oz. silver. On a copper‐equivalent basis, the grade is 0.48% representing 4.5 billion lb. of combined metals. Faraday holds 100% interest and controls a 78 sq. km land package that includes patented claims, unpatented claims, state prospecting permits and a 105.2 sq. km ranch with surface rights. The project lies within Arizona copper country and links to road, rail and power infrastructure, including a 40 km rail link to Asarco’s Hayden Smelter. Asarco is a subsidiary of Grupo México. Discovery upside Copper Creek also holds discovery potential. Faraday discovered the Area 51 breccia in January last year and the Banjo breccia at American Eagle in August. Exploration upside includes over 320 breccias at surface, of which fewer than 15% have been drilled. Only 17 are defined in the current resource model.

Log in to today’s North American session Recap for July 2, 2025 Today's session wasn't as quiet as yesterday – Between a major Miss in ADP which initially sent markets lower (-33K vs 95K expected) and another turmoil in UK Politics sending GBPUSD down close to 1%, markets got some action. The Dow was leading in the pre-morning session as the private employment report released this morning at 8:15 sent markets lower, however sentiment got lifted from the announcements of more US Trade deals – Since, the Nasdaq took back the lead on the session and left the US 30 lagging behind. By the way, the S&P just hit new All-time highs towards the end of the session. The Russell 2000 is the leader of the day, up 1.40% on the session. Commodities and Cryptocurrencies also appreciated quite well from the most recent trade deal headlines with all energy commodities up above 1%, with WTI up close to 3%. Metals also rallied quite strongly with Platinum and Palladium continuing their uptrends along with Cryptocurrencies doing some heavy lifting – Bitcoin just breached the $110,000 mark again for the first time since June 11. Read More: July Non-Farm Payrolls preview Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Tron (TRX) is currently navigating a prolonged consolidation phase that began in December 2024, with prices oscillating between key levels and no clear breakout direction in sight. Despite this range-bound action, Tron remains firmly in the spotlight as fundamental developments capture market attention. The most significant news came two weeks ago, when reports revealed that Tron is preparing to go public via a reverse merger with Nasdaq-listed SRM Entertainment. This potential listing could mark a major milestone for the blockchain platform, potentially making it the first major crypto network to enter US public markets directly. At the same time, on-chain data signals growing momentum beneath the surface. According to insights from CryptoQuant, DeFi activity on the Tron network has been steadily expanding. Rising transaction volumes, increasing deposits in JustLend, and record swap activity on SunSwap point to deepening liquidity and user engagement. These developments highlight a maturing ecosystem, but the market has yet to price in a breakout move. As consolidation continues, traders and investors are closely watching for the next major catalyst. Whether Tron’s public listing or accelerating DeFi traction triggers it remains to be seen, but momentum is quietly building. Tron DeFi Growth Signals Underlying Strength Tron is testing critical price levels after months of sideways movement, consolidating between $0.211 and $0.295. This range has acted as a structural base since late 2024, and a clean break in either direction could determine Tron’s next major trend. A breakout above $0.295 would likely trigger fresh momentum toward new local highs, while failure to hold support could expose the asset to deeper corrections. While the broader crypto market anticipates upward expansion—supported by the rally in US equities and a more stable macro backdrop—Tron remains trapped in this tight band. Volatility persists, and without a decisive breakout, market participants remain cautious. Still, underlying fundamentals suggest TRX may be quietly gathering strength. According to CryptoQuant data, DeFi activity on the Tron network is rising rapidly. SunSwap has surpassed $3 billion in monthly swap volume consistently throughout 2025, with May setting a record at $3.8 billion. Meanwhile, JustLend deposits have more than tripled year-to-date, peaking at $740 million. These developments point to deepening liquidity and growing demand across Tron’s DeFi ecosystem. Stablecoin inflows and increasing borrowing activity further reinforce Tron’s expanding utility, suggesting the network is becoming a robust settlement layer. While the price remains range-bound for now, the fundamentals hint at a strong foundation for future upside, once the technical breakout finally materializes. TRX Price Consolidates Near Resistance TRX is currently trading around $0.2813, maintaining its position near the upper boundary of the long-standing consolidation range that began in December 2024. The asset has shown resilience above the 50-day, 100-day, and 200-day moving averages, all of which are trending upward, supporting the bullish outlook. The 50-day SMA at $0.2508 and the 100-day SMA at $0.2289 are providing dynamic support, indicating strong buyer interest on dips. Price action throughout June remained sideways, with low volatility and volume consistent with a classic consolidation phase. Despite multiple rejections below the $0.295 resistance, TRX has not shown any signs of structural weakness, holding firmly above $0.26–$0.27 and gradually building pressure toward a breakout. Volume has remained stable, though not yet signaling the kind of breakout momentum that would confirm a move into higher price discovery. Traders are watching closely for a clean candle close above $0.295 to validate a bullish continuation. If successful, TRX could rally toward the $0.32–$0.35 zone, with minimal overhead resistance. Featured image from Dall-E, chart from TradingView

📈 Mercados Ignoram Dados Fracos de Emprego e Avançam Rumo a Novas Máximas Esperança por cortes de juros supera fraqueza macroeconômica dos EUA Por Igor Pereira – Analista de Mercado, Membro Junior Wall Street NYSE ExpertFX School – Análise Institucional, Técnica e Fundamentalista 📰 O Cenário: ADP Desaba, Mas Wall Street Sobe Nesta quarta-feira (2), os principais índices acionários dos EUA fecharam com leve alta, mesmo após um choque negativo no relatório ADP de emprego no setor privado. A leitura mostrou uma queda de -33 mil vagas em junho, contra expectativa de +105 mil — o pior desempenho desde o colapso de setembro de 2024. Apesar do dado alarmante, o mercado reagiu com otimismo. O motivo? "Más notícias são boas notícias" quando se trata de liquidez: o fraco desempenho do mercado de trabalho aumentou as apostas de que o Federal Reserve será forçado a cortar juros ainda em julho. 📉 Índice de Surpresa Econômica Despenca O US Macro Surprise Index caiu ao menor nível desde setembro de 2024, refletindo uma sequência de indicadores abaixo das expectativas. Isso sinaliza um enfraquecimento claro da atividade econômica, o que, paradoxalmente, reforça o cenário de estímulos monetários. 💥 Short Squeeze e Rali de Ações O pessimismo com os dados desencadeou um clássico short squeeze: investidores vendidos foram forçados a recomprar ações, impulsionando os índices, especialmente o Russell 2000, que liderou os ganhos entre as small caps. O Dow Jones ficou para trás, pressionado por queda no setor de saúde (com destaque negativo para a gigante UNH). 🧨 Desempenho Setorial e Momentum O "meltdown de momentum" iniciado na segunda-feira continuou nesta sessão, mas com menos intensidade. A rotação setorial penalizou ações de crescimento e favoreceu setores de valor e cíclicos. 📊 Renda Fixa: Gilts Britânicos e Treasuries Os rendimentos dos Treasuries subiram no dia, com destaque para o longo prazo (30Y +5bps, 2Y +1bps), revertendo parte da queda inicial provocada pelo ADP. A alta nos rendimentos também foi impulsionada pelo salto nos gilts britânicos, reflexo da instabilidade política no Reino Unido após a crise envolvendo Keir Starmer e a ministra Rachel Reeves. 🇺🇸 Risco Soberano dos EUA Cai De forma notável, o risco soberano dos EUA (CDS) caiu nos últimos dias, mesmo após o rebaixamento de crédito pela Moody’s. A percepção de risco hoje está abaixo dos níveis observados antes da "Liberty Day" de Trump, segundo dados da Bloomberg. 💱 Forex e Commodities O dólar (DXY) encerrou o dia estável. A libra esterlina (GBP) foi pressionada pelo caos político em Londres. O petróleo (WTI e Brent) disparou com: Novo acordo comercial com o Vietnã Forte redução nos estoques da Cushing Hub (testando níveis técnicos de “fundo dos tanques”) Mesmo com o salto, o petróleo ainda está abaixo dos níveis vistos antes do colapso pós-Israel-Irã. 🪙 Metais Preciosos em Alta Todos os principais metais preciosos foram amplamente comprados no dia: 🟡 Ouro ⚪ Prata ⚫ Platina 🔵 Paládio O fluxo pode estar antecipando fraqueza macroeconômica e maior liquidez global nos próximos meses. ₿ Criptoativos: Ethereum Lidera, Bitcoin Testa Máximas Ethereum teve desempenho superior, com alívio na pressão de vendas em futuros. Bitcoin se aproximou das máximas históricas novamente, puxado por: Entradas líquidas em ETFs spot de BTC Alta demanda de empresas listadas com tesourarias em Bitcoin 🔮 Expectativas: Payroll no Radar Tudo agora gira em torno do Payroll desta sexta-feira (5). Caso o relatório de empregos confirme a fraqueza vista no ADP, o mercado pode: Reforçar apostas de cortes de juros ainda este mês Iniciar um novo ciclo de reprecificação de ativos, com impacto direto no: Ouro (XAU/USD) Bitcoin (BTC/USD) Tesouros americanos Índices de ações globais ✅ Conclusão ExpertFX O mercado segue escalando o que chamamos de "Wall of Worry" — uma muralha de incertezas composta por dados fracos, pressão política e riscos geopolíticos. No entanto, enquanto a expectativa de liquidez se mantiver viva, o apetite ao risco persiste. 📌 Prepare-se para volatilidade ampliada nesta semana. 📊 Mantenha o foco em sinais do Federal Reserve, no dados de payroll e no fluxo institucional em ETFs e metais.

📉 Crise no Reino Unido expõe fragilidade fiscal e reacende temor nos mercados de títulos Colapso político no governo Starmer pressiona libra, eleva os rendimentos dos gilts e amplia aversão ao risco global Por Igor Pereira Analista de Mercado – Membro Junior Wall Street NYSE ExpertFX School | Visão Macroeconômica e Institucional 📰 O Que Aconteceu Os mercados globais reagiram com forte aversão ao risco após o Primeiro-Ministro britânico Keir Starmer não apoiar publicamente sua Chanceler do Tesouro, Rachel Reeves, durante sessão crítica no Parlamento. O episódio gerou instabilidade institucional imediata, levando a: 📈 Alta nos rendimentos dos títulos públicos de 30 anos (gilts) 📉 Queda acentuada da libra esterlina (GBP) 📊 Impacto no Mercado Gilts 30 anos dispararam, sinalizando desconfiança dos investidores quanto à capacidade do governo de cumprir regras fiscais. Libra Esterlina (GBP/USD) desvalorizou fortemente, em reflexo da fuga de capital. Analistas projetam aumento de impostos e rebaixamento nas previsões de crescimento do Reino Unido. Crescem os paralelos com a crise de confiança de 2022 sob Liz Truss. ⚠️ Risco Fiscal e Credibilidade em Xeque O mercado teme que o Reino Unido: Perdeu sua âncora de credibilidade fiscal, em um momento de endividamento elevado. Esteja à beira de uma nova crise de confiança, semelhante à ocorrida no mini-budget de Truss em 2022. Segundo projeções da Bloomberg AI, a reação dos investidores indica que o Reino Unido ainda vive à mercê do mercado de títulos. 🌍 Reflexos no Mercado Global Dólar (USD) se fortalece como porto seguro diante da desvalorização da libra. Ouro (XAU/USD) pode ser impulsionado pela incerteza macroeconômica europeia. Índices europeus podem sofrer pressão de venda, com investidores buscando proteção. Taxas de risco soberano de países emergentes podem sofrer contágio por aumento da percepção de instabilidade fiscal no Ocidente. 🔮 O Que Esperar 🔄 Volatilidade ampliada em GBP/USD e EUR/GBP nas próximas sessões. 📉 Ações britânicas e ETFs ligados ao Reino Unido devem sofrer saída de capital. 🏛️ O Banco da Inglaterra poderá ser forçado a agir, seja com discurso de contenção ou intervenções indiretas no mercado de dívida. 📍 Cresce a expectativa de uma revisão fiscal urgente por parte do governo britânico, sob risco de degradação do rating de crédito. ✅ Conclusão ExpertFX O episódio reforça como o Reino Unido, mesmo com autonomia monetária, continua vulnerável à disciplina imposta pelos mercados de dívida. Para investidores institucionais, o sinal é claro: 📌 Governos sem ancoragem fiscal sólida não têm espaço para improviso. 📈 Traders devem monitorar: Taxas de juros de longo prazo no Reino Unido Reações do BoE (Banco da Inglaterra) Volatilidade no FX europeu e no DXY 📌 Siga a ExpertFX School para atualizações estratégicas com foco institucional.

Markets have officially turned the page on the Israel-Iran conflict, which ended in a ceasefire last Monday. Since then, equity bulls have pushed major indices to fresh all-time highs, with the Nasdaq and S&P 500 both reaching new peaks over the past week. The Canadian TSX is also benefiting from the improved sentiment, touching a record high of 26,885 just today. The Dow Jones, which had lagged behind in recent rallies, is now catching up—trading close to 1% away from its own all-time highs. Adding to the optimism are recent trade deals from the Trump administration, including finalized agreements with Vietnam and the official enactment of the US-UK Trade Deal. US Treasury Deputy Faulkender noted that “plenty of deals” are nearing completion and may be announced in the coming weeks. North American markets are experiencing lighter trading volumes this week, as many traders take time off during the shortened holiday schedule—following Canada Day on Monday and ahead of US Independence Day on Friday. In the meantime, markets are preparing for the release of the July Non-Farm Payrolls (NFP) report tomorrow morning. The data will offer critical insight into the current state of the US labor market, and could further shape expectations around monetary policy heading into the second half of the year. Read More: July Non-Farm Payrolls preview Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

An AI startup founder and vocal XRP supporter on the social media platform X has offered his long-awaited price prediction for the cryptocurrency. XRP’s price action in recent days has been highlighted by a quick surge to $2.30 on June 30, in what looks like the bulls trying to close the month of June above $2.20. That momentum, however, was short-lived, as the cryptocurrency has slipped back below this level in the most recent two days. Although momentum has not yet returned in full, bullish predictions are still active, and this latest prediction adds another confident voice to the growing chorus of those expecting a significant breakout. XRP Price As High As $20 To $30 Taking to the social media platform, Vincent Van Code, an AI startup founder, offered his personal price outlook for XRP. He explained that while he rarely comments on specific targets, he believes the asset has the potential to reach between $30 and $50. However, it is important to note that this reasoning is not rooted in technical analysis, but rather in belief and long-term conviction based on XRP’s current price trajectory. Furthermore, he noted that his investment in XRP is shaped by this personal view of a $20 to $30 price target and admitted he cannot predict the timing of such a rally. The details of how the journey plays out to this price target are far less important than the eventual outcome. It is clear that the ultra-bullish price prediction is not intended to persuade or convince others. However, it shows the confidence some traders have in XRP’s future price. It also resonates with many predictions from other crypto participants regarding XRP, both in terms of technical and fundamental analysis. Familiar Price Predictions Within The Altcoin’s Circle This prediction aligns with a broader sense of optimism often found among XRP supporters. Although some critics continue to argue that price targets of $30 or more are unrealistic, especially due to its huge circulating supply, many in the XRP community continue to see such price targets as attainable. The beliefs of extravagant XRP price targets are often based on its fundamentals, mostly on expectations of widespread adoption in cross-border payments and institutional adoption of the cryptocurrency. In fact, one analyst pointed to this as the reason why the XRP price will surge above $1,000, stabilize at this level, and eventually become very expensive. Technical analysis from crypto analyst JackTheRippler pointed to an incoming price target above $30 for XRP. In a similar vein, a recent technical analysis by popular crypto analyst EGRAG CRYPTO shows that the altcoin is on track to climb above $9.5 and reach as high as $37.5. XRP rallied to as high as $2.30 on June 30, and then reversed to an intraday low of $2.15 in the past 24 hours. At the time of writing, XRP is trading at $2.19.

Bitcoin is holding steady above its 50-day Simple Moving Average (SMA), showing signs of underlying strength despite a lack of clear directional momentum. With rising trading volume and mixed technical indicators, the next move could swing either way, keeping the market on edge. RSI Holds Neutral As Bitcoin Awaits A Clearer Signal According to Shaco AI, in a recent update on X, Bitcoin is currently hovering around $107,264.17, positioning itself just above two key moving averages. It’s nudging the 25-day SMA at $107,229.82 and holding slightly above the 50-day SMA, which sits at $107,040.81. This positioning reflects a mild bullish bias in recent sessions, keeping both bulls and bears on alert. Looking at momentum indicators, the Relative Strength Index (RSI) is resting at 53.36—firmly in neutral territory. This suggests that Bitcoin is neither overbought nor oversold at the moment, offering no strong directional clues as it keeps the market guessing. Furthermore, the Average Directional Index (ADX) adds to this indecisive mood, coming in at a soft 20.44. This low reading signals a weak trend, meaning there’s not enough force from bulls or bears to drive a clear breakout just yet. In other words, the market isn’t leaning heavily in either direction. Meanwhile, the Moving Average Convergence Divergence (MACD) remains in negative territory at -137.33. Although it isn’t signaling any strong downward momentum, traders may want to stay cautious and alert for any sudden shift in the current tone. Despite the technical indecision, market activity is picking up. Bitcoin’s recent trading volume has surged to 1903.51, well above the average of 1522.43. This uptick signals a rise in interest and participation, indicating that traders are actively positioning themselves in anticipation of Bitcoin’s next move. Critical Zones At Play As Market Prepares For A Directional Push Looking at key levels, Shaco AI highlighted that resistance is at $108,789.99, which seems to be a strong level to overcome. The level marks a significant ceiling for Bitcoin, and any attempt to push higher will need solid momentum to break through. On the other hand, support lies at $104,622.02. This support level will be critical in case the price begins to retreat, as a breakdown here could open the door for further downside. Based on current indicators, the analyst suggests it’s wise to keep an eye out for potential movement in either direction. With volume picking up, Bitcoin may soon test either the resistance above or fall back to support, depending on how momentum develops in the coming sessions.

Shares of Lupaka Gold (TSXV: LPK, FRA: LQP) skyrocketed to a three-year high on Wednesday after the Canadian miner after winning $65 million in its international arbitration case against Peru, five years after launching the case. In a press release, the company confirmed it has the final award from the International Centre for Settlement of Investment Disputes (ICSID) in the arbitration it initiated against the Peruvian government back in 2020. Shares of Lukapa Gold gained as much as three-fold from C$0.08 to C$0.24 on the news, for its highest since June 2022. As of 1:40 p.m. ET, the stock traded at C$0.14 for an intraday gain of 167% and a market capitalization of C$4.1 million. The dispute stems from a protest by the community of Parán in October 2018 that blockaded access to Lupaka’s Invicta gold development project, located 120 kilometres north of the capital city Lima. The blockade, which the company considered to be illegal, severely impacted its ore processing operations and limited cash flow generation. A year later, Lupaka lost the project due to its inability to pay back its lender. Before the situation started, Lupaka had completed 3,000 metres of underground workings, agreements from the community of Lacsanga and a 29-kilometre access road sufficient to handle 40-tonne ore trucks. The project was forecast to produce 185,000 oz. of gold equivalent over a six-year life. In the arbitration launched in November 2020, the British Columbia-based gold miner alleged that the Peruvian government had supported this protest, thus breaching its free trade agreement with Canada. In its claim, it was seeking compensation of more than $100 million. In the arbitral tribunal’s decision this week, the Peruvian government was ordered to pay Lupaka a total amount of $65 million. Lupaka’s CEO Gordon Ellis said while receipt of the final award is “exceptionally good news” and a key step in arbitration proceedings against Peru, it “does not necessarily mean that the company will recover the amounts awarded in the immediate future.”

Deutsche Bank has confirmed it will roll out a crypto custody service in 2026. But this time, targeted groups would be institutional clients through regulated infrastructures for storing and managing digital assets like BTC ▲3.10% and tokenized deposits. Partnering with Bitpanda and Taurus SA, the bank aims to establish itself as a serious player in the institutional-grade crypto services. But this is not something that has been brewing recently. This move follows years of behind-the-scenes development and growing support from regulators across Europe and the U.S. (BTCUSDT) Partners, Tech, and Project Scope: Deutsche Bank Crypto Strategy Deutsche Bank’s upcoming crypto custody platform is the result of efforts that date back to its initial interest in Web3 in 2022. Set for debut in 2026, the platform is being developed in partnership with Bitpanda Technology Solutions, which will provide modular and scalable crypto solutions. What Deutsche Bank’s entry adds to the crypto world is credibility. Unlike startups or fintech companies, DB has compliance departments, audit processes, and institutional trust needed to bridge regulated finance and the crypto space. With over 150 years of banking history, and embracing the tokenization, stablecoins, and Layer 2 network, Deutsche Bank is marking a turning point. The arrival of real banks in real Web3 infrastructure. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Deutsche Bank is launching a custody crypto platform in 2026. TradFi slowly take over Web3 space. The post Deutsche Bank Plans 2026 Crypto Custody Debut: Are Top Banks Warming Up To Web3? appeared first on 99Bitcoins.

Bitcoin has experienced heightened volatility over the past few days, moving between critical levels as market participants await a clear breakout or breakdown. After testing $105,000 as support, BTC rebounded strongly and pushed back toward the $109,000 resistance zone—an area that has capped upward momentum for several weeks. While bulls remain in control of the broader structure, price action continues to show hesitation just below the all-time high, leaving the market in a state of uncertainty. To confirm the next leg of the long-term trend, Bitcoin needs to break into price discovery territory above $112,000 with strong volume and follow-through. Until that happens, the current range-bound conditions could persist, especially as traders weigh macro factors and profit-taking activity increases. Top analyst Jelle shared a technical analysis pointing to another strong bounce from the 50-day moving average and exponential moving average (MA/EMA) cluster, key dynamic support levels that have repeatedly triggered bullish reactions. This bounce reinforces the underlying strength in the current trend, suggesting that buyers continue to step in at crucial levels. As long as BTC holds above this support zone, the path toward a breakout remains intact—but confirmation is still needed. Bitcoin Prepares For Expansion Phase Bitcoin appears poised to enter a new expansive phase, with a breakout above its all-time high potentially triggering a fresh wave of bullish momentum, not just for BTC, but for the broader crypto market. After weeks of grinding just below the $112,000 resistance level, Bitcoin has struggled to push decisively higher. However, the structure remains bullish, and buyers have consistently defended key demand zones around $105,000. This ability to maintain higher lows during a period of consolidation signals strong market control by the bulls. According to Jelle, Bitcoin has just seen another powerful bounce from the 50-day moving average and exponential moving average (MA/EMA) cluster—an area that has historically acted as a dynamic support zone. Each time BTC has touched this cluster in recent months, it has rebounded with renewed strength, and the latest bounce is no exception. Jelle believes this reaction confirms the uptrend remains intact, with conditions aligning for a breakout. “The trend is up—new all-time highs are very much on the menu this week,” Jelle noted, emphasizing the importance of sustained momentum above current resistance. If Bitcoin can close decisively above $112K, it would likely ignite a surge in altcoins, many of which have lagged during BTC’s dominance-driven phase. With bulls maintaining control and technical support holding firm, the market is now watching for confirmation that Bitcoin is ready to enter price discovery once again. A successful breakout could mark the beginning of the next major leg in the crypto cycle. BTC Tests Resistance Again After Volatile Bounce Bitcoin is once again pushing toward the critical $109,300 resistance level after bouncing strongly from the $105,000 support zone. The 12-hour chart shows a series of failed breakouts above the $109K level in recent weeks, highlighting the strength of this resistance zone. However, bulls have continued to defend higher lows, maintaining overall market structure and preventing deeper corrections. The latest candle shows a 1.93% surge, reclaiming the 50- and 100-period moving averages around $106,000, a key short-term cluster that previously acted as support. Volume also picked up during this bounce, suggesting renewed buying interest as Bitcoin tries to establish bullish momentum. Still, the rejection just below $109,300 remains a concern. If BTC fails to break and close above this range soon, the risk of a return to the $103,600 demand zone increases, especially in the face of rising volatility and profit-taking across the network. Featured image from Dall-E, chart from TradingView

The upcoming Non-Farm Payrolls (NFP) report is set to be released tomorrow, with a consensus expectation of 110K, compared to the previous release of 139K. While this data is typically released on the first Friday of every month, this month’s report comes on Thursday, July 3rd, due to Independence Day (July 4th), when US markets will be closed. For those newer to trading, the NFP is one of the most market-moving data releases globally, as it offers insight into the health of the US labor market for the month that just concluded—with the Unemployment Rate also published at the same time. The reason this data matters so much is because of the American consumption cycle, which is historically very strong. However, slowing job creation tends to reduce US consumer spending, which affects the performance of US stock indices, and consequently impacts demand for the US Dollar, in which most global assets are priced. This creates a domino effect: a stronger or weaker US workforce can shift expectations around Federal Reserve policy—including the likelihood of interest rate hikes or cuts—which then ripples across to other central banks and currency markets. Since the Great Financial Crisis (2008), Dollar demand has outperformed most major currencies, with US growth leading over other G7 economies, attracting significant global capital inflows. However, that dominance is beginning to fade, as Trump’s unpredictable policies and concerns over US fiscal and debt sustainability have made investors more cautious, encouraging greater international diversification. Let’s now explore: Seasonal trends for July payrollsRecent NFP surprises and how they’ve moved marketsWhat potential reactions traders might expect from this key report Read More: What levels to watch for the US dollar as markets head into July Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Canadian private equity firm Kinterra Capital has taken its takeover fight for Australian copper miner New World Resources (ASX: NWC) to the country’s Takeovers Panel, accusing rival bidder Central Asia Metals (LON: CAML) and NWR of breaching the Corporations Act. Kinterra alleges that both NWR and CAML were involved in insider trading, market manipulation and misleading conduct. The firm, which now owns over 19% of NWR, is seeking to block a planned A$10 million share placement to CAML and prevent the UK-based base metals producer from acquiring additional shares. The conflict follows a series of bidding rounds. CAML and NWR first agreed in May to a scheme of arrangement priced at A$0.053 per share. That offer was raised twice in response to Kinterra’s growing interest, with the current CAML proposal matching Kinterra’s latest bid of A$0.062 per share. CAML has also been buying NWR shares on-market, increasing its stake from 5% to over 12% between June 20 and June 27. Kinterra claims these trades were made using inside information, citing irregularities in timing and disclosure. The Takeovers Panel confirmed the reception of an urgent application from Kinterra seeking to prevent the placement announced by NWR on June 19. NWRs holds three copper projects in the southwestern of the United States. Its flagship Antler project in Arizona, located 15 km east of Yucca, hosts a high-grade, polymetallic deposit with 11.4 million tonnes at 4.1% copper equivalent. A 2024 prefeasibility study projects a 12-year mine life with expected production of 341,100 tonnes of copper equivalent. The company also controls the early-stage Javelin project in Arizona and the Tererro VMS project in New Mexico. Shares in NWR fell on Wednesday, closing at A$0.063 each in Sydney. That leaves the company with a market capitalization of around A$240 million ($215m).

The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH treasuries. Tom Lee has emerged as the Chairman of BitMine, which will hold ETH, while Lubin is already the Chairman of SharpLink Gaming. Lee and Lubin Raise $675 Million for Ethereum Treasury Strategy Tom Lee and Joe Lubin have already advanced their plans to create the ‘MicroStrategy’ of Ethereum. On Tom Lee’s end, BitMine announced a $250 million private placement to raise capital for its Ethereum strategy. The Bitcoin mining company stated that the net proceeds of the offering will be used to acquire ETH, which will become the firm’s primary reserve asset. BitMine plans to close this private placement on or about July 3, as it aims to become one of the largest publicly traded ETH holders with Tom Lee as the Chairman of the Board. On the other hand, SharpLink Gaming, with Joe Lubin’s help, is already the largest publicly traded Ethereum holder. The company earlier launched its Ethereum treasury with a $425 million ETH purchase. SharpLink Gaming recently announced that it has increased its total ETH holdings to 198,167 ($475 million), further establishing its position as the ‘MicroStrategy’ of Ethereum. Between June 23 and 30, it acquired 9,468 ETH for $22.8 million at an average price of $2,411 per ETH. During that same period, SharpLink Gaming also raised an additional $24.4 million through its At-The-Market (ATM) facility, selling $2.5 million shares. The company revealed that most of the proceeds will go toward further Ethereum acquisitions. As of June 30th, 100% of its ETH is staked, and the firm has earned 222 ETH in rewards since it began an ETH treasury company. Plans To Mirror Saylor’s Strategy In an X post, crypto commentator Eric Conner commented on how Ethereum is getting its own MicroStrategy era thanks to Lee and Lubin’s experiments. He highlighted BitMine’s proposed KPI of ‘ETH per share,’ which mirrors Saylor’s playbook, except that ETH earns yield in this instance through staking. Conner further remarked that BitMine’s mining DNA lets it spin up validators and tap DeFi rails, turning a once-capital-intensive operation into a cash-flow engine secured by Ethereum. On the other hand, he noted that Joe Lubin and SharpLink Gaming’s move is bigger. SharpLink is already staking its ETH holdings and plans to explore other DeFi strategies. With this move, the crypto commentator declared that ETH becomes the reserve while yielding bankroll growth. Lubin also recently raised the possibility of adding leverage to SharpLink Gaming’s Ethereum strategy, which will mirror Saylor’s strategy. He stated that they may do convertible equity and issue bonds at low rates, without putting the strategy at risk. At the time of writing, the Ethereum price is trading at around $2,444, down in the last 24 hours, according to data from CoinMarketCap.

B2Gold (TSX: BTO, NYSE-A: BTG) says it has poured first gold from the Goose mine in Nunavut. The mine, part of the Back River gold district, becomes the company’s fourth producing mine and its first Canadian operating asset. “The commencement of gold production at the Goose mine marks an exciting step in B2Gold’s history, further diversifying and adding to the quality of the company’s existing global operating portfolio,” Clive Johnson, B2Gold’s CEO, stated in a press release earlier this week. “We look forward to many years of safe and successful production at the Goose mine, as well as further unlocking the value of the entire Back River gold district,” he added. On June 24, the Goose mine processing facilities began receiving the first ore, and the mill has consistently operated at approximately 50% of its nameplate capacity during this initial phase, as planned. During the third quarter of 2025, operations will focus on maintaining steady performance and increasing throughput to reach full design capacity, B2Gold said, adding that mine operators will synchronize the remaining generators and ensure all process circuits perform as designed. In the same quarter, the company expects the Goose mine to ramp up to commercial production, with production ranging between 120,000 and 150,000 oz. of gold for the year. As previously estimated, the mine’s annual gold output for the initial full six years of operations (2026 to 2031 inclusive) would reach approximately 300,000 oz. Meanwhile, B2Gold’s exploration programs have successfully upgraded its mineral resource base, and the company anticipates this trend to continue. In 2025, it allocated C$61 million towards exploration, with C$32 million assigned to the Back River district.

Highland Copper Company (TSXV: HI) says it has received local backing in Michigan for securing a state grant of $50 million to fund the construction of its Copperwood project, located in the Western Upper Peninsula. In a press release Wednesday, the Canadian copper developer said the community of Wakefield Township, where the Copperwood project resides, has taken “the proactive step” of directly requesting a $50 million grant from the Michigan legislature. The company is currently awaiting final approval from the state’s Senate Appropriations Committee with respect to a $50 million grant offered by the Michigan Economic Development Corporation in January 2024. Wakefield Township’s request, Highland Copper says, helps to create “a separate path for the potential approval of the regional infrastructure funding” — increasing its chances of securing the $50 million infrastructure funding. Copperwood project Copperwood is a wholly owned greenfield project located 22.5 km north of Wakefield, Michigan, and one of two assets held by Highland Copper in the state. The company envisions Copperwood as a low capital intensity project that can reach commercial production quickly, and has so far obtained all permits required to begin construction. Site preparations began as early as 2023. According to a feasibility study completed the same year, Copperwood is expected to produce 64.6 million lb. of copper and 106,966 oz. of silver annually over a projected 11.7-year mine life. Its after-tax net present value is estimated at $168 million, with an internal rate of return of 17.6%. Initial capital expenditures are set at $391 million. The underground operation will use a room-and-pillar mining method with an estimated average processing rate of 6,800 tonnes per day. Facilities on site will include grinding, flotation, concentrate thickening, concentrate filtration, storage, and loadout. This year, the company completed resourcing all engineering workstreams for the Copperwood project, and expects to complete the engineering design criteria by the third quarter. For the project’s construction, Highland Copper has been focused on mitigation activities required under its wetlands and streams permit, including the successful planting of nearly 20,000 trees in the newly constructed areas. The mitigation program represents the final site activities required before a construction decision, the company said. Barry O’Shea, CEO of Highland Copper, commented: “Highland is focused on key work programs that should enable a construction decision for Copperwood in 2026. This includes early site work to prepare for construction, progress on detailed engineering and metallurgical optimization, and continued advancement on state and federal funding opportunities.”

Writing some hours after the New York open, U.S. equities are mixed in performance today. The Dow Jones is currently trading -0.02% lower for the day, at around ~$44,557 The S&P 500 is currently trading 0.22% higher for the day, at around ~$6,220 The Nasdaq-100 is currency trading 0.54% higher for the day, at around ~$22,635 close Dow Jones Industrial Average (US30USD), OANDA, TradingView, 02/07/2025 Dow Jones Industrial Average (US30USD), OANDA, TradingView, 02/07/2025 Rallying over 6% in the last eight days alone, the daily RSI rates the Dow Jones as ‘overbought’ for the first time since October 2024 If bulls are able to stage another leg higher, expect resistance at previous highs of ~$45,060, then ~$45,506 Support can be found at $43,785, then $43,411 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.