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Trump’s tariff threat then backdown cycle – market sees “boy who cried wolf”
Reminder – UK and US holidays today, Monday, May 26, 2025 – markets closed
Weekend – Japan PM aims for a trade deal with US by mid-June
Update – Iran and US wrapped up a fifth round of nuclear talks – “constructive”
Trump agreed to extend EU tariff deadline to July 9, usd/yen pops, EUR a little pop too
Trump says had some good talks with Iran, says had some real progress
Stand by for Globex opening at the top of the hour
Trade ideas thread – Monday, 26 May, insightful charts, technical analysis, ideas
US may no longer offer reliable investment, capital may pivot to more stable jurisdictions
Economic calendar in Asia Monday, May 26, 2025 – a very quiet one
EU’s Von der Leyen spoke with Trump, said EU needs time until July 9 to reach a good deal
Monday open levels, indicative FX prices, 26 May 2025
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