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The University of Michigan's consumer confidence index rose sharply in July, though remains below last year's average. A key development is the simultaneous decline in inflation expectations, offering the Federal Reserve some policy breathing room. Analysts note current labor dynamics limit wage-price spiral risks.
Read MoreApple and the U.S. Justice Department are engaged in preliminary settlement talks over a major 2024 antitrust lawsuit, sources reveal. Apple has proposed multiple solutions to resolve allegations of monopolizing the smartphone market, stifling competition, and raising prices. A final agreement is not guaranteed.
Read MoreOn July 18, multiple explosions were reported in various Iranian cities, including suburbs of Lar in Fars province and areas around Yazd. Residents reported hearing military aircraft, heightening regional tensions amid unclear circumstances.
Read MoreTSMC announced an additional $100 billion investment in its Arizona semiconductor plant, raising its total U.S. investment to $265 billion. Trump hailed the move as proof that his trade policies are bringing advanced manufacturing back to America and urged more companies to build factories in the U.S.
Read MoreBitcoin hovers near critical liquidation levels. A drop below $60,785 could trigger over $1.55B in long position liquidations on major exchanges, while a break above $66,857 might liquidate roughly $1.058B in short positions, significantly impacting market volatility.
Read MoreMajor US stock indices closed lower on July 18, with tech stocks broadly declining. The Philadelphia Semiconductor Index fell into a technical bear market after dropping over 20% from its peak. Market performance was mixed, with lithium mining and oil & gas sectors gaining.
Read MoreThe U.S. Dollar Index closed marginally higher at 100.765 on July 17th, up slightly from 100.763. This minimal movement suggests a lack of strong directional momentum in the forex market, with traders in a holding pattern. The market appears to be awaiting fresh catalysts to determine the next trend.
Read MoreLocal Iranian sources reported three distinct explosions in the Sirik region of southern Hormozgan province on July 17. Details regarding the cause, exact location, and potential casualties remain unconfirmed, drawing significant attention to the incident.
Read MoreThe US military conducted a new round of airstrikes against Iran on July 18, marking the seventh consecutive night of attacks. US Central Command stated the operation, ordered by the President, aims to further degrade Iran's military capabilities, escalating regional tensions.
Read MoreOn July 18, the Federal Reserve's overnight reverse repurchase agreement (RRP) usage fell to just $100 million. This sharp decline signals shifting liquidity conditions in short-term funding markets and offers insights into monetary policy transmission.
Read MoreCryptocurrency markets witnessed massive liquidations totaling $433 million over the past 24 hours, with long positions accounting for $324 million. Bitcoin and Ethereum saw the heaviest losses, affecting over 108,000 traders in a volatile session.
Read MoreOn July 18th, US storage chip stocks staged a dramatic reversal, rallying strongly in the afternoon. SK Hynix surged over 8%, with SanDisk and Micron also posting significant gains. The Philadelphia Semiconductor Index sharply narrowed its losses, boosting market sentiment and fueling speculation about a potential industry recovery.
Read MoreU.S. commercial bank deposits fell sharply by $74 billion in one week, dropping from $19.435 trillion to $19.361 trillion. This significant decline raises questions about banking system liquidity, depositor behavior, and potential shifts in capital allocation, drawing close market scrutiny.
Read MoreOn-chain data reveals a constructive shift in Bitcoin options sentiment. The DVOL volatility index has dropped sharply while the put/call ratio hit a 6-month low, signaling reduced downside hedging and increased bullish exposure. Although price faces key resistance, improving market structure provides fresh context.
Read MoreA Thailand-flagged vessel was intercepted and struck by Iran's Islamic Revolutionary Guard Corps Navy in the Strait of Hormuz on July 18. Reports indicate the ship attempted to transit the strait without authorization and after ignoring warnings. The incident highlights ongoing tensions in this vital global oil chokepoint.
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