Copper futures pulled back modestly from record highs after the sharp rally triggered by looming U.S. import tariffs. Prices jumped following President Trump’s announcement on July 9 of a 50% copper import tariff, set to take effect August 1.
Argentex’s 2025 collapse exposed major flaws in its risk model and governance. A sudden liquidity crisis, triggered by market volatility, forced the FX broker into special administration, shaking confidence in fintech oversight.
The Chinese yuan hit its highest level of 2025 against the US dollar. The surge was driven by central bank support, trade optimism, and better market sentiment. The PBOC set a stronger daily fix. while U.S.-China talks helped ease tensions.
GoPro and Krispy Kreme shares soared as retail traders reignited the meme stock frenzy. Driven by chatter on Reddit’s WallStreetBets, both of the heavily shorted and low-priced stocks saw massive gains. The rally comes amid record market highs and echoes the speculative surge of 2021.
An Abandoned Baby Pattern (bearish reversal) has formed in AMD. It’s not quite a perfect instance of the pattern as the middle candle is not a doji. Let’s see if the bears can force the price down to the prior high of around $148.