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Barclays has raised its Brent crude oil forecast to US$72/bbl for 2025

China’s Wang Yi downplays EU concerns over rare earth export controls

Reminder – not all US markets are closed for the holiday (Globex open limited hours)

Forexlive Americas FX news wrap: Non-farm payrolls beat the consensus

Trump says will begin sending letters on trade tariffs starting Friday

The US job market is in decent health but is clearly slowing – CIBC

Trade ideas thread – Friday, 4 July, insightful charts, technical analysis, ideas

Economic calendar in Asia 04 July 2025 – a light one

The US House is voting on the budget bill

Oil settles lower on Friday but climbs $2 on the week

Baker Hughes oil rig count -7 to 425

Bessent: Expect to see about 100 countries get minimum 10% reciprocal tax