forex cross rate

Market news: Germany plans to increase net new borrowing in 2027 to 118 billion euros, an increase of about 7% from April expectations.

Market news: Iraq signed an agreement and statement with U.S. oil services giant Halliburton to manage two oil fields.

OPEC+: Seven member countries decided to implement a production adjustment of 188,000 barrels per day.

OPEC+: The next meeting will be held on August 2, 2026.

OPEC+: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman adjust output and reiterate their commitment to market stability.

Craig Shapiro, senior macro strategist and cross-asset trader at Ninja Trader Live: Federal Reserve Chairman Warsh did not reveal much information this week, but he seems quite optimistic about economic growth, mainly due to positive factors in the AI ​​field. Taking into account the decline in oil prices and the resulting lower inflation breakeven point, while I think the threshold for raising interest rates may be higher than the market thinks, the threshold for cutting interest rates is actually much higher than the market thinks. Given Warsh's positive assessment of economic growth,for the Fed to actually cut interest rates, A significant deterioration in the labor market may be required. This is even more important as he also hinted that the balance sheet reduction may take longer. Of course, a single labor data point is not enough to constitute a trend, but if evidence starts to mount that the labor market is slowing, and at the same time the timeline for the Fed to provide policy easing is stretched (especially with inflation remaining high), then I suspect this will create an environment unfavorable for risk assets. In this environment, it will become increasingly difficult to rotate from AI concept stocks to riskier cyclical stocks or small-cap stocks, etc. Investors may just lean toward defensive sectors and perhaps gold.